Romania's central bank has decided at its Board meeting on Friday (July 5) to lower its benchmark interest rate to 6.75% a year from 7% a year, starting July 8.
tbi bank, active in Bulgaria, Romania, Greece, Germany and Lithuania, has decided to reinvest its entire net consolidated profit of 2023, worth RON42.5 million.
RCI Holding, a major player in the engineering, financial solutions, technology, energy markets and management Consulting, held by businessman Dan Stratan, has promoted Frank Hajdinjak to the position of Chief Strategy Officer.
Real estate developer One United Properties (stock symbol: ONE) has announced in a stock market report on July 5 that its daughter company, ONE Gallery Floreasca, signed a lease contract with Tomcat Comserv SRL, the operator of the brands Treevi, Elephante, Sagakura, BaoHouse and others.
Romania's Competition Council approved the transaction through which France's Ardian France S.A.S. intends to acquire Alstef Group S.A.S. and its subsidiaries, including Alstef Roumanie S.R.L.
The Romanian M&A market registered 124 deals in the first half of 2024, with a total estimated value of $2.3 billion, marking a 6% decline by volume, from the 132 deals ($3.7 billion) posted in the same period of 2023, reveals an EY survey.
IT company Cognizant Romania is recruiting over 100 IT experts, beside the more than 100 persons hired since the start of the year.
Hungary’s startup Munch, which entered Romania this March with its app that aims to aid curb food waste, has reached 128 partners and 194 locations locally, with its mobile app having more than 10,000 downloads so far.
Local startup Flip.ro, part of eMAG group, registered EUR56 million sales during fiscal year 2023, 46% higher than in 2022.
Trend Furniture has started a EUR3 million investment in the building of a 4,000-sqm space in Gilau, Cluj county, where it will in 2025 move production, warehousing, offices and the showroom, explained Vlad Florea, the company’s CEO.
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year, 27% lower than in 2022, Finance Ministry data show.
Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in a few years from the current 120 at the moment, as a result of the high demand for digitalization solutions, the representatives of the two partners said a press conference.