Transilvania Investments Alliance (TRANSI.RO), an alternative investment fund listed at the Bucharest Stock Exchange, ended 2023 with net profit of RON232.26 million, up 264.5% from 2022, being the best result of the last five years.
Mihai Posedaru, manager of Bencomp SRL Buzau, a Romanian producer of WPC profiles, says he is developing a new production facility, a WPC door plant in Buzau, in an investment put at EUR4 million.
French-held group Saint-Gobain, which owns several mainly building materials plants in Romania, in the first half of 2023 finalized investments in a new plasterboard production line, in Turda, Cluj county.
Aro Palace, the company that manages hotels in Brasov, has announced the first step towards striking a franchise agreement with international group Hyatt for the Aro Palace Hotel.
Pras Consulting, a provider of IT solutions and services, ended 2023 with a 62% surge in turnover vs 2022, to over EUR6.8 million, which was nearly 75% generated by the relationship with business partners in the private sector, company representatives said in a statement.
TaxDome, a software company founded in 2017 in New York, is entering the Romanian market, as the local business landscape indicates accelerated growth and considerable progress in digitalization, company representatives said a statement.
Orange Romania, the leader of the local telecom market, reported turnover of EUR1.551 billion for 2023, down 1.2% on the year.
Against a backdrop of falling global M&A activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, according to a recent Mazars report.