Romania media and entertainment market is expected to grow by 2.5% this year, to EUR4.43 billion, with most segments set to register increases, in line with PwC Global Entertainment & Media Outlook 2023-2027 (GEMO) report.
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago period. Life insurance saw the fastest growth pace in the first half.
A Reff & Asociatii lawyer team and fiscal experts of Deloitte Romania assisted local company Helinick, operating in the field of electronic security systems, in the sale process to Convergint, one of the world's largest players in the field.
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6 million net profit, 40% higher than in H1/2023.
The ranking of real estate investors in the local commercial sector is led by Romania ones, who acquired 12 properties, with prices ranging between EUR1.4 million and 44.7 million, in line with research by Fortim Trusted Advisors.
Cybersecurity company Safetech Innovations, with offices in Bucharest, London and Abu Dhabi, in the first half of 2024 registered RON30.2 million revenues at an individual level, up 53%, and RON6.1 million net profit, 58% above the H1/2023 level.
Real estate developer One United Properties in the first half of 2024 posted RON699.4 million consolidated turnover, down 17% from H1/2023, and net profit of RON228.6 million, up 5%.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) reported turnover of above RON66.7 million (EUR13.4 million) for 2023, up 44% from 2022.
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, expects a 30% turnover increase by end-2024, to over RON217.1 million (EUR43.6 million) and over 40% higher net profit than in 2023.
Covaciu family is considering moving IPEC Alba Iulia to another country because of recent years’ energy price evolution and the government’s inability to secure predictability and a level playing field for Romanian producers.