Investment fund GapMinder II has led a EUR2 million funding round in Genezio, a startup co-founded by Andrei Pitis, announced Dan Mihaescu, a founding partner at the fund.
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion.
The Romanian subsidiary of China’s telecom equipment maker ZTE for 2023 reported RON79.4 million turnover, up 40% from 2022, in line with Finance Ministry data.
Automotive wiring maker Leoni Wiring Systems Ro, part of German group Leoni, currently has 265 jobs available at Bistrita plant.
Gral Medical, a major player on Romania’s private healthcare market, in 2023 generated EUR60 million turnover and for 2024 forecasts EUR80 million.
Pastry maker Senneville based in Timisoara (western Romania), with a EUR3.7 million turnover in 2023, seeks to invest in a new factory, in the neighboring county of Hunedoara.
Romania's finance ministry will carry out a new issue of Fidelis government bonds for retail investors between April 8 and April 17, 2024.
Sofidel Romania, the producer of hygienic sanitary paper brands such as Onda, Volare and Regina, ended 2023 with a turnover of RON339.7 million (EUR68.7 million), down 2.8% from RON349.7 million (EUR70.9 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.