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Logistics And Distribution Provider Aquila Buys Hungary’s KITAX For EUR14M

Tue, 21 Jan 2025 21:02:35 GMT

Aquila Part Prod (AQ.RO), an integrated distribution and logistics provider for the fast-moving consumer goods market in Romania and Moldova, bought 100% in KITAX Kereskedelmi Korlátolt Felelősségű Társaság, registered in Hungary.

VAUNT Sees 74% Growth In 2024

Tue, 21 Jan 2025 20:03:50 GMT

Romanian start-up VAUNT, which developed a platform that helps real estate developers with their sales and marketing processes, ended 2024 with 73 customers, which have more than 100 projects with a total value of more than one billion euros listed on the platform.

Moody's Affirms Transelectrica's Baa3 Rating, Outlook Stable

Tue, 21 Jan 2025 18:57:22 GMT

Romania's national grid operator Transelectrica (stock symbol: TEL) was notified on Jan. 20, 2025 that international rating agency Moody’s Investors Service had published the long term rating affirmation ”Baa3”, while keeping the outlook stable, the company has informed the shareholders and the interested parties in a stock market report on Jan. 21.

Tuca Zbarcea & Asociatii Promotes New Equity Partner

Tue, 21 Jan 2025 16:12:00 GMT

Law firm Tuca Zbarcea & Asociaţii announces the promotion of Şerban Paslaru to Equity Partner, starting with January 1, 2025.

Deloitte: 7 In 10 Global Leaders Boost Investment In Generative AI

Tue, 21 Jan 2025 14:11:12 GMT

Generative AI (Gen AI) adoption has reached a key phase, with seven out of ten respondents (67%) that participated to the latest edition of Deloitte's study “The State of Generative AI in the Enterprise: Now decides next” reporting their organizations are increasing investment in this technology due to its strong value.

Zitec Sees 13% Organic Growth And EUR34M Consolidated Turnover In 2024

Tue, 21 Jan 2025 13:14:36 GMT

IT and digital marketing services provider Zitec ended 2024 with a consolidated turnover of EUR34 million, which translates into an organic growth of 13%, despite a difficult political and economic context, company representatives said in a statement.

EY Romania Survey: Over Half Of Romanian Companies Accessed European Funds And State Aid Schemes

Tue, 21 Jan 2025 12:11:22 GMT

Just over half of Romanian companies (51%) have attracted financing through European programs and state aid schemes, with the sector of firms with annual revenues of over EUR10 million being the most dynamic, as per a survey conducted by EY Romania.

Autonom Lists Its 2nd Bond Issue, Of EUR30M, At Bucharest Stock Exchange

Tue, 21 Jan 2025 11:10:23 GMT

Autonom Services SA, the largest independent Romanian company in the mobility solutions market, is listing a new bond issue at the Bucharest Stock Exchange (BVB), on Tuesday (Jan. 21).

PartnerVet Expands to Western Romania by Integrating Timisoara DUOVET Clinic

Tue, 21 Jan 2025 09:11:12 GMT

PartnerVet group, controlled by Romanian entrepreneur Ferenc Korponay and Dragic family, is expanding to western Romania by integrating Timisoara DUOVET clinic in its portfolio of partner clinics.

Germany’s SAP Overshoots 1,000-Employee Threshold In Romania

Tue, 21 Jan 2025 09:04:32 GMT

SAP Romania, the local subsidiary of German software solutions provider SAP has gone beyond the 1,000-threshold in Romania.

New Car Registrations in Romania Up 5.6% YOY in 2024, To over 150,000 Units

Tue, 21 Jan 2025 08:48:55 GMT

New passenger car registrations in Romania went up by 5.6% in 2024 against 2023, to 151,105 units, while at EU level new car registrations inched up by 0.8% to 10,632,381 units, in line with ACAROM and ACEA data.

.lumen Completes EUR5M Investment Round

Tue, 21 Jan 2025 08:39:14 GMT

Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, founded by Cornel Amariei, has finalized a EUR5 million investment round, led by Catalyst Romania.

Softeh Plus Relocates Headquarters To Timpuri Noi Square

Tue, 21 Jan 2025 08:24:21 GMT

Softeh Plus, a leading medical software system developer in Romania, is moving its headquarters to Timpuri Noi Square, an office project developed by Vastint.

Google Aims to Grow Bucharest Team

Tue, 21 Jan 2025 07:39:11 GMT

US tech giant Google currently has several jobs available at its Bucharest tech center, particularly related to mobile technology and wearable device development.

Grand Hotel Italia Budgets 5-10% Higher Turnover in 2025

Tue, 21 Jan 2025 07:32:51 GMT

Grand Hotel Italia, the five-star hotel of Cluj part of Italian chain Select Hotels Group, expects 5-10% higher turnover this year, after nearing the RON40 million turnover threshold last year.

HILS Development Invests In Retail Area In HILS Republica, Plans To Boost Headcount

Tue, 21 Jan 2025 05:00:00 GMT

HILS Development, an entrepreneurial company that owns the most important residential portfolio in the east side of Bucharest, that is six large residential projects, is betting on a new increase in demand for homes in 2025.

Societatea de Constructii Napoca And Beton Constructorul Slapped With RON1.4M Fine For Bid Rigging

Mon, 20 Jan 2025 19:18:30 GMT

Romania's Competition Council has fined the companies Societatea de Constructii Napoca SA and Beton Constructorul SRL a total RON1.42 million (EUR286,758) for rigging a tender launched by the Chinteni City Hall in Cluj County.

Utekov Yedil Appointed Chairman of Board Of Directors Of Rompetrol Well Services

Mon, 20 Jan 2025 18:52:37 GMT

Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has announced in a stock market report on Jan. 20 the appointment of Utekov Yedil as Chairman of the Board of Directors, as a result of the resignation of Romanenko Pavel as a member of the Board of Directors.

China’s Haier Shuts Down Prahova County Plant Inaugurated In 2021

Mon, 20 Jan 2025 18:26:14 GMT

China’s Haier Group is shutting down the plant in Aricestii Rahtivani (Prahova County), which it opened in 2021, following a EUR70 million investment.

Dulcinella Keeps Production Targu Neamt, Plans To Develop Logistics Hub Near Bucharest

Mon, 20 Jan 2025 17:41:53 GMT

Dulcinella Romania, a Romanian network of pastry and confectionery shops that started in the Republic of Moldova, is set to open a new factory in Targu Neamt in the second half of the year, which will replace the existing facility and has three times the production capacity thereof.