Romania's government on Wednesday (Jan. 31) approved a memorandum through which electricity and heat producer Electrocentrale Bucharest (ELCEN) will be merging with heating distributor Termoenergetica.
Travel agency Aerotravel, one of the largest in Romania, ended last year with gross sales of RON180 million, an increase of 28% on the previous year, its officials say.
Bright Spaces is launching into a new real estate vertical with its online 3D visualization solution for industrial spaces.
Piping Logistics, a Belgian manufacturer of components for ventilation systems, will start production in a factory it operates near Timisoara in the first part of February. The opening was originally scheduled for 2023.
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report the closing of the second stage of the share capital increase operation, which resulted in the sale of 4.03% of the shares issued.
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to propose a reorganization plan and keep the right to manage its operations.
The net assets of the 249 domestic and foreign open-end and closed-end investment funds operating in Romania inched up 0.5% in December 2023 up to RON39.7 billion (EUR8 billion), but fell by 13.5% in 2023, the Association of Fund Managers (AAF) said in a statement.