Luxury apparel manufacturer Canada Goose has purchased the operating assets of Romanian clothing company Paola Confectii Manufacturing from Titu (Dambovita County), the local partner of Canada Goose, marking its first acquisition in Europe.
The number of foreigners who will be able to come to work in Romania in 2024 is likely to reach 140,000, up 40% from the threshold admitted for this year, namely 100,000.
Iproeb Bistrita, one of the largest local manufacturers of electrical cables and conductors, posted RON11 million net profit in the first nine months of 2023, 28.3% lower than in the same period of last year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 28 that it signed a contract worth 781 million Canadian dollars (equivalent of EUR523 million) with Canadian firm AtkinsRéalis for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).
State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75 million) with state-run lender CEC Bank.
Romanian venture capital (VC) firm Cleverage VC, founded three years ago and specialized in medtech investments, has invested in Czech startup KARDI AI, alongside several VCs and angel investors, the startup representatives said in a statement.
HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.