Tineco, the Chinese brand mainly known for its smart cleaning devices, wants to become the leader of Romania’s vertical wet vacuum cleaner segment in the next around three years and capture half of this market.
Distribution company Delgaz Grid, part of E.ON Romania group, has for 2025 budgeted investments of over RON21 million (EUR4.3 million) to modernize more than 33 kms of the gas network of Maramures county.
Dutch company Envipco, a producer of equipment for the selective collection of beverage packaging, has opened an engineering center in Liberty Technology Park of Cluj-Napoca, currently owned by US-held White Star Real Estate.
Transavia, a major poultry manufacturer locally, ended 2024 with RON1.115 billion turnover, up over 10% from 2023. The company’s net profit hit RON277 million, 33% higher than in the previous year, in line with ZF calculations.
Constructii Erbasu group, controlled by Erbasu family, plans to develop hotels in eight cities of Romania, including Bucharest, Oradea and Timisoara, as tourism will be one of the fields that will witness substantial growth locally in coming years.
While Romania’s infrastructure is less developed compared with other countries’ and the country has fewer tourists, the hotel business here proves to be quite solid.
Motorola Mobility Romania, part of Chinese group Lenovo, in 2024 registered EUR60 million sales in Romania, up around 20% from 2023.
United Romanian Breweries Bereprod (URBB), the maker of the Tuborg beer, ended 2024 with RON681 milion (some EUR137 milion) revenue, an increase of 3% on 2023, Finance Ministry data show.
Premier Energy, (PE.RO), a supplier and distributor of electricity and natural gas, has announced that the NN-managed pension funds reached a 10.7% stake in it, up from the previous 5.92%.
Ebm-papst Automotive & Drives Romania, present on the Romanian market since 2017, where it has a factory in Oradea, is betting on further local investments in the development of production and an R&D center.
Construction material producer TeraPlast SA (TRP.RO) has notified the Bucharest Stock Exchange of having completed the acquisition of the majority stake (51%) in integrated engineering group Aquatica Experience Group.
US restaurant chain Popeyes will open a new unit in May in Bucharest, in shopping center Mega Mall, and will reach seven units in the capital city.
The marketplace is becoming an increasingly important growth engine for evoMAG, generating around 15% of the company’s overall sales. The weight of this channel is on a sustained growth path and the company bets on this model to step up its expansion both nationally and internationally.
DVI Production, a company that owns Fortem brand, is set to open in Iernut, Mures county, a BCA (autoclaved cellular concrete) plant with a production capacity of 2,000 cubic meters daily, the largest in Europe.
Sofidel Romania, the producer of hygienic sanitary paper brands such as Onda, Volare and Regina, for 2024 reported turnover of around RON316.4 million (EUR63.6 million), down 6.8% from 2023, in line with ZF calculations based on Finance Ministry data.
GapMinder VC, one of the largest venture capital funds focused on investments in tech startups of Romania and other Eastern Europe countries, aims to invest this year in five-six new companies around EUR10 million of its second fund totally worth EUR80 million.