Romania's Finance Ministry has raised RON335 million from banks on Monday (July 22), selling government paper at an annual average yield of 6.80%.
Investment fund Catalyst Romania is strengthening its team with the appointment of two former investment CEOs, Andreea Pipernea and Nick Kovacs, as Senior Advisors.
Romania's Competition Council has carried out an unannounced inspection at the premises of Sun Wave Pharma SRL, a company active on the food supplement distribution market.
Retele Electrice companies, part of the PPC Group, signed credit agreements worth RON1 billion with the European Bank for Reconstruction and Development (EBRD), Banca Transilvania, BCR and ING Bank Romania, as part of a syndicated financing in which the EBRD was the consortium leader.
Red Point Software Solutions, a Romanian company specialized in providing IT services and solutions and the only SAP Platinum partner in Romania, is acquiring Ness Technologies Ro, part of Ness Digital Engineering, present on multiple markets globally, representatives said in a press statement.
A team of PwC Romania mergers and acquisitions consultants advised the shareholders of Global Records group in the sale of a minority stake to global digital music company Believe.
Redbee Software, DRUID, Questo, Ascendia, FintechOS, Pentest-Tools.com, Kinderpedia and Nestor are the eight Romanian companies included in the latest Deloitte EMEA Technology Fast 500, the ranking of the fastest growing technology companies in Europe, the Middle East and Africa.
Global Vision, a real estate business that operates on both the office and industrial space markets, plans to launch a special division for investment and development of green power projects and its own real estate investment platform open to other investors, following the EUR110 million deal with WDP, the second largest actor on the logistics market.
Sile Fulga will become the executive director of the Dacia Vehicle Plant and supervisor of the Mioveni industrial site.
Romania’s corn production will be about 7 milion tons in 2024, lower than the USDA and European Commission’s forecasts of 10.8 million tons and 10.6 million tons, analysts say, according to the latest public reports.
The starch factory in Medgidia, inaugurated by the Türkiye’s Tosmur Group in 2022, expects its revenue to grow by 5% this year, after having overshot the EUR100 million mark last year, with business coming from the export of production.
Car door handle systems and lock sets manufacturer Huf Romania, part of Germany’s Huf Group, posted RON683.4 million (EUR138.2 million) revenue in 2023, up 35.1% from the previous year’s around RON505.8 million (EUR102.5 million), according to ZF calculations based on Finance Ministry data.