KPMG Legal- Toncescu si Asociaţii has announced in a press statement on June 13 that Vasile Tiple has joined the firm in a collaboration designed to help local and CEE clients to understand technology and its challenges, and to use it under optimal conditions. He will also assist clients with the required transformation to implement technology (whether simple robots or genAI).
Real estate consulting company Cushman & Wakefield Echinox has appointed Cristina Lupascu, a specialist with more than 20 years of experience in media and real estate, to the position of Head of Marketing.
Romania's current account deficit stood at EUR6.5 billion in January-March 2024, higher by nearly EUR1.5 billion (+26%) compared to the level reported in the same period of 2023, central bank data showed on Thursday (June 13, 2024).
Tenaris, a global manufacturer that owns among other a pipe plant in Zalau, a steel mill in Calarasi and the sucker rods plant of Campina, has in the past 20 years of presence in Romania carried out investments worth above $500 million, with 97% of output being exported.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.03%, reaching the lowest value since June 3, 2022, in line with BNR data.
Alexandrion group, the largest local spirits producer and one of the biggest players on the wine market, has carried out a new rebranding for the winemaker of Gura Vadului, which is now named Domeniile Alexandrion Rhein 1892. Previously, the winemaker was called The Iconic Estate.
Metaminds, a Romanian integrator of IT&C solutions and cybersecurity solutions provider, will invest EUR3 million in coming years to create and expand departments dedicated to creating, developing and operationalizing new tech solutions, but also to strengthen expertise for teams specializing in areas such as computing, storage, virtualization, communications and security architecture, according to the company’s representatives.
Paint and varnish producer Evolor, part of ROCA Industry holding, is set to invest in R&D in the coming period as the market it operates on is refining.
Michelin Romania, part of French group Michelin, one of the world’s largest tire manufacturers, for 2023 reported turnover worth RON5.365 billion (EUR1.084 billion), up 3.6% from the previous year.