Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that facilitates entrepreneurs’ access to complete information about financing programs through European or national funds.
Crosspoint Real Estate one of Romania’s leading real estate consulting agencies, has announced the recent appointment of Oana Popescu as Partner.
Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest survey by Packeta Romania, a global digital platform for e-commerce and a member of Packeta Group.
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associations ACAROM and ACEA.
Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution for passengers and cargo, announces a new EUR200,000 round on SeedBlink, as part of a total EUR7 million funding.
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at the Bucharest Stock Exchange and subsequently list on the Bucharest bourse.
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80 million turnover this year, up 23% on the year, banking on a production increase.
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical office of the European Union, showed on Wednesday (April 17).
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover of over RON8.4 million (nearly EUR1.7 million) in 2023, up 28% from 2022, and net profit of RON1.4 million (EUR285,000), up 50% from 2022, in line with finance ministry data.
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million) revenue in 2023, up 5.5% compared with the previous year’s RON346.3 million (EUR70.2 million), according to ZF calculations based on Finance Ministry data.