A blinkered view of climate change and sustainability has taken hold across the world's investor community and is fueling a focus on short-term performance at the expense of longer-term gains from environmental, social and governance (ESG) investments, according to the latest EY Institutional Investor Survey.
Romanian managers expect relative stability in the economic activity and the number of employees in the manufacturing and services sectors and a sharp increase in prices in the retail trade sector between January and March 2025, in line with a survey conducted by the country’s statistical office INS.
Furniture producer Spectral Mobila, which owns a plant in Vaslui county, ended 2024 with net turnover of EUR7.5 million, 13% higher than in 2023.
Mihai Voicu, general manager of Bergenbier S.A., a company part of Molson Coors Beverage Company, has been appointed chairman of Romanian Brewers Association starting January 2025.
Tricomserv, a Romanian company specialised in industrial production and manufacturing of equipment for water supply and sewage systems, makes its debut in the Multilateral Trading System of the Bucharest Stock Exchange (BVB) with its first issue of corporate, secured and non-convertible bonds, worth RON2.5 million.
Greek group Eurobank has sealed an agreement to sell IMO Property Investments Bucharest, securing the strategic supervision and sale of its Romania real estate assets, to APS Group, an asset manager of CEE.
Oves Enterprise, a software producer of Cluj-Napoca, has earmarked EUR3 million for investments in 2025, to improve the Nemesis AI platform and create commercial AI solutions for flight security and wildfire prevention.
BRD Asset Management managed a significant leap in the ranking of Romania’s largest investment managers by assets and reached the top position at the end of 2024, from fourth at the end of 2023, as its assets increased by around RON2.3 billion. Its market share expanded by 3.7%.