In a context where Romania IT industry is marked by negative news, such as personnel cuts or even office closedowns, GlobalLogic, part of Japanese group Hitachi, has announced it is set to expand locally right in Bucharest, which concentrates the biggest number of hi-tech players.
Law firm PeliPartners assisted Alfa Group in completing the acquisition of a significant part of IRIDE Business Park and other nearby properties from CPI Romania (part of CPI Property Group).
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of Swedish group Autoliv, for 2024 reported turnover worth RON6.060 billion (EUR1.218 billion), slightly up, by 0.7%, from 2023, in line with ZF calculations based on Finance Ministry data.
Promat Comimpex, an agricultural company based in Tasnad, Satu Mare and held by Switzerland’s Ameropa Group, one of the largest grain traders in Romania, posted RON913 million (EUR183.5 million) revenue in 2024, down 32.2% from the previous year’s RON1.348 billion (approximately EUR272.5 million), according to ZF’s calculations based on Finance Ministry data.
Up to 96 million shares in Aquila (AQ.RO) or 8% in the company that brought investors a 30% return this year, was put up for sale by Swiss Capital in a flash transaction worth at least RON140 million, ZF has found.