Transilvania Investments Alliance (TRANSI.RO), an alternative investment fund listed at the Bucharest Stock Exchange, ended 2023 with net profit of RON232.26 million, up 264.5% from 2022, being the best result of the last five years.
Mihai Posedaru, manager of Bencomp SRL Buzau, a Romanian producer of WPC profiles, says he is developing a new production facility, a WPC door plant in Buzau, in an investment put at EUR4 million.
French-held group Saint-Gobain, which owns several mainly building materials plants in Romania, in the first half of 2023 finalized investments in a new plasterboard production line, in Turda, Cluj county.
Aro Palace, the company that manages hotels in Brasov, has announced the first step towards striking a franchise agreement with international group Hyatt for the Aro Palace Hotel.
Pras Consulting, a provider of IT solutions and services, ended 2023 with a 62% surge in turnover vs 2022, to over EUR6.8 million, which was nearly 75% generated by the relationship with business partners in the private sector, company representatives said in a statement.
TaxDome, a software company founded in 2017 in New York, is entering the Romanian market, as the local business landscape indicates accelerated growth and considerable progress in digitalization, company representatives said a statement.
Orange Romania, the leader of the local telecom market, reported turnover of EUR1.551 billion for 2023, down 1.2% on the year.
Against a backdrop of falling global M&A activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, according to a recent Mazars report.
Romania's equity market presence in the MSCI indices will increase to 26 companies from March 1, 2024, following the quarterly index review conducted by global index provider MSCI in February 2024.
Nuclearelectrica has signed, in Rome, in the presence of Romania's economy minister Stefan-Radu Oprea, and the Minister of Business and Made in Italy, Adolfo Urso, a Memorandum of Understanding (MoU) with SACE and Ansaldo Nucleare to advance the development and financing of Cernavoda NPP Unit 1 Refurbishment and Cernavoda NPP Units 3 and 4.