Telecom operator Dgi, controlled by entrepreneur Zoltan Teszari, has signed a EUR150 million purchase agreement with Britain’s Lorca JVCO for Nowo Communications, the fourth largest telecom operator in Portugal, with 270,000 mobile telephony clients and 130,000 fixed telecom ones.
he Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of the PPC Group in Romania) have signed three new non-reimbursable financing contracts through the Modernization Fund, for projects targeting the electricity distribution infrastructure in Ilfov, Calarasi and Arad counties.
Integrisoft Solutions, a developer and provider of software apps and solutions for central and local public administration, in 2023 registered turnover worth RON29.8 million (over EUR5.9 million), up 30% from 2022.
Cahm Europe, a Romanian producer of cosmetics particularly destined to hotels and the hospitality industry, has for 2024 budgeted RON41 million turnover, around one third higher than in 2023.
Dunca Expeditii, one of Romania’s largest road freight carriers, ended the first half of this year with flat turnover from the year-earlier period and continues to optimize its business to switch back to profit.
Michael Schmidt, who controls MHS Holding, which owns Automobile Bavaria and MHS Truck & Bus in Romania, has started a EUR1 million investment in the first official Rolls Royce official showroom in Romania.
Farmacia Tei chain, one of the most dynamic ones on the local market, boosted its turnover by 28% in the fist half of this year from the year-earlier period and reached 10 units on the local market.
Flextronics Romania, the local subsidiary of the Singapore-based Flex Group (Flextronics), which manufactures components for communications, IT and medical equipment, ended 2023 with a turnover of RON757.9 million (EUR153.2 million), up 14.6% from RON661 million (EUR134 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.