German-held discounter PENNY, which has some 380 stores in Romania, has started works on its fifth warehouse in the country, located in Mihailesti, in the county of Giurgiu, and the investment is estimated at EUR35 million.
French fintech iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has appointed Alin Latu as Country Manager for Hungary, where the company launched operations last year.
Law firm PeliPartners assisted Austrian group Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI Europe, in a transaction worth over EUR27 million.
Romanian artificial intelligence and blockchain technology provider Humans.ai announced the acquisition of Cluj-Napoca-based Starfish Technologies, inventor of TensorChain and part of Home of Prodigy, in a cash and shares deal, Humans.ai. representatives said in a press statement.
Florin Melinte has been recently appointed as Deputy CEO of optical retailer Lensa, a position from which, together with Daniel Craciun, Lensa founder and CEO, will support the expansion of the business.
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns 25%, in 2023 posted an over 40% net profit decline, while its turnover rose by almost 20%.
HELL Energy, one of the biggest players in the energy drinks market, posted RON358.3 million (EUR72.4 million) revenue in 2023, up 12.4% from the RON318.7 million (EUR64.6 million) of 2022, according to ZF calculations based on data from the Finance Ministry website.
Banca Transilvania (TLV.RO), the largest lender in Romania, ended the first half of 2024 with a consolidated net profit of RON2.1 billion, up from the RON1.59 billion in the first half of 2023, while operating income increased to RON4.6 billion from RON3.7 billion.