Fraud is a silent but costly threat that continues to translate into significant financial losses every year. Association of Certified Fraud Examiners (ACFE) reports reveal that businesses worldwide lose an estimated 5% of their annual revenue to occupational fraud. Yet, many organizations underestimate fraud risks and resort to prevention measures late, generally in response to severe episodes.
Pepco Romania has appointed Raul Ciungu Iordate to the position of Head of Operations.
Alternative investment fund Infinity Capital Investments has convened its shareholders on April 29 to approve among others the distribution of the RON124 million profit of 2024 for future investments.
Startup InterviewsUp, which has developed a digital platform that aids recruiters assess candidates’ soft skills in interviews, aims to raise at least EUR250,000 to further develop the solution and for expansion in CEE, with the main targeted markets being Czechia and Hungary.
Scandinavian home furnishings retailer JYSK has hit a major objective in Romania with the opening of its 150th local store, in Mamaia Nord, but continues expansion plans to reach 200 units locally.
State-run Hidroelectrica, Romania’s largest electricity producer, has RON660 million (EUR130 million) budgeted in 2025 for diversification projects that include solar power projects.
Private medical service provider MedLife (M.RO) on Tuesday announced its shareholders had authorized the board of directors to negotiate with the bank syndicate the increase of the syndicated loan taken out in December 2022 by up to EUR50 million to a total of EUR318.3 million, MedLife said in a report to the Bucharest Stock Exchange.
Ensana Health Spa Hotels (formerly Danubius) Group, which owns three hotels in the spa town of Sovata, ended last year with some RON85 million revenue compared with RON76.9 million in 2023, its officials said.