Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
yesterday, 11:20
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
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Germany’s Luxury Sportswear Brand Bogner Set to Open First Store in Romania
09.25.2024
German luxury sportswear brand Bogner, present in over 50 countries, is expanding to Romania by opening its first store in The Grand Avenue... more
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IT Group Bittnet Wants to Grow on Swedish Bourse Via Reverse Listing of Dendrio with Hemply Balance
09.25.2024
Dendrio Solutions, part of IT group Bittnet Systems, has signed a memorandum of understanding with Swedish company Hemply Balance to carry out a... more
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Evergent Investments Wants to Buy Back Maximum of 63 Million Shares, Offer Investors Aerostar Shares and Cash in Exchange
09.25.2024
Alternative investment fund Evergent Investments (EVER) is convening its shareholders to approve a share buyback offering, with Aerostar shares and... more
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Devero Impex 2023 Turnover Up 13.5% To RON18.7M
09.25.2024
Devero Impex, a business controlled by Musetescu family of Mizil, Prahova county, in 2023 posted turnover worth RON18.7 million (EUR3.8 million),... more
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Brake Pads Maker TMD Friction Sees 2023 Turnover Rise 15% To RON358.5M YOY
09.25.2024
TMD Friction Romania, which owns brake pads brand Textar, for 2023 reported turnover worth RON358.5 million (EUR72.5 million), up 15% from 2022, in... more
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Cybersecurity Startup Pentra Gets EUR150,000 Funding From Early Game Ventures
09.24.2024
Romanian startup Pentra (formerly Pentest Copilot), which was among the finalists of the Innovation Labs 2024 and was selected by Early Game... more
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Romania’s Future Retirees Largest Investors In Banca Transilvania
09.24.2024
Romania’s future retirees, that is about 8.3 million people contributing to Pillar II mandatory pension funds are the biggest investors of Banca... more
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SeedBlink Launches Raise Hub, A New Product For Start-Up Financing
09.24.2024
SeedBlink, the all-in-one equity management and investment platform, has launched Raise Hub, a comprehensive digital suite that empowers startup... more
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IT Company Bento Sees Net Profit Up 106% In H1 2024
09.24.2024
Entrepreneurial company 2B Intelligent Soft (BENTO.RO) posted RON12.1 million net profit in the first half of 2024, an increase of 106% on the... more
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Competition Council Looks Into Acquisition Of VW Services By Autoklass Center
09.24.2024
Romania's Competition Council is analyzing the transaction through which Autoklass Center SRL intends to acquire from Tess SRL the distribution,... more
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Romania Private Lending Up 7.7% YoY to RON407B In August 2024
09.24.2024
Private lending in Romania went up 7.7% to RON407.8 billion in August 2024 compared with August 2023, central bank data showed on Tuesday (Sept 23,... more
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Radu-Razvan Straut Resigns from Position of Lion Capital Deputy CEO
09.24.2024
Alternative investment fund Lion Capital, listed at the Bucharest Stock Exchange and with a RON1.4 billion capitalization and RON4.7 billion net... more
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Restart Energy Implements EUR900,000 Photovoltaic Project for Tehno Proenergy
09.24.2024
Electricity supplier Restart Energy has completed the implementation of an around EUR900,000 photovoltaic project for Tehno Proenergy company of... more
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France’s Groupe Atlantic Seeks Engineers, Technicians and Support for Prahova County Plant
09.24.2024
Groupe Atlantic’s plant of Aricestii Rahtivani, Prahova county, currently has 29 employees and after production starts around 250 jobs will be... more
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Private Equity Investment In Romania Merely EUR130M Or 0.041% Of GDP In 2023
09.23.2024
Private equity investment in Romania stood at merely EUR130 million or 0.041% of the GDP in 2023, ZF has calculated from ROCA-supplied data. more
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Restart Energy Sees Revenue Shrink 70%, Slips Into The Red In H1 2024
09.23.2024
Restart Energy One, one of the main independent electricity and renewable energy suppliers to household and SME consumers in Romania, ended the... more
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Fiscal Council Sees Romania Ending 2024 With 8% Cash Budget Deficit
09.23.2024
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the... more
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Bonas Reports RON360,000 Net Profit For H1/2024, Down 27% YoY
09.23.2024
Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, reported net profit of... more
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Adiss Ends H1/2024 With 37% Lower Revenue, Of RON12M
09.23.2024
Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, ended the first half of 2024 with sales revenue of RON12 million,... more
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Finance Ministry Raises RON667M From Banks On Sept 23, 2024
09.23.2024
Romania's Finance Ministry raised RON667 million from banks on Monday (Sept 23, 2024) selling benchmark bonds, above the planned amount of RON500... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.