ZF

Steel Pipe Distributor Comtech Co Slatina Revenue Shrinks 8.7% To RON138.4M In 2024

Wed, 03 Sep 2025 18:51:42 GMT

Slatina-based steel pipe distributor Comtech Co, owned by Romanian entrepreneur Constantin Goanta, posted RON138.4 million (EUR27.8 million) revenue in 2024, down 8.7% from the previous year’s around RON151.7 million (about EUR30.7 million), according to ZF calculations based on Finance Ministry data.

Bittnet Group Subsidiary Dendrio Signs RON143M Contract With Governmental Client

Wed, 03 Sep 2025 18:22:59 GMT

IT Group Bittnet Systems (BNET.RO) on Wednesday notified shareholders of the signing of a significant contract by Dendrio Solutions SRL (part of Bittnet’s Digital Infrastructure pillar). The beneficiary of the RON143 million contract is a public sector client, Bittnet said in its report to the Bucharest Stock Exchange.

Nuclearelectrica Gets EUR540M Loan From J.P. Morgan-led Bank Syndicate To Retrofit Cernavoda NPP Unit 1

Wed, 03 Sep 2025 16:45:55 GMT

The shareholders of state-owned Nuclearelectrica (stock symbol: SNN), the operator of Romania's sole Nuclear Power Plant (NPP) Cernavoda, approved the contracting of a EUR540 million loan from a bank syndicate led by J.P. Morgan for retrofitting works at Cervavoda NPP Unit 1, the company announced in a stock market report on September 3.

METRO Romania Opens EUR19.6M Logistics Hub In Stefanestiii De Jos

Wed, 03 Sep 2025 15:16:32 GMT

METRO Romania inaugurated a new EUR19.6 million logistics warehouse in Stefanestii de Jos, Ilfov County, on Tuesday, a strategic investment meant to strengthen deliveries to the food service sector in Bucharest.

Luka Zivkovic Takes Over As General Manager Of Bonapp

Wed, 03 Sep 2025 14:45:58 GMT

Bonapp.eco, the startup established in Romania by a group of French-born entrepreneurs, will be run by Luka Zivkovic, one of the co-founders which took over the position of General Manager from Diego Roy de Lachaise.

Oresa Industra Expands Its Logistics Park In Iasi By 15,000 Sqms

Wed, 03 Sep 2025 13:41:00 GMT

Oresa Industra has obtained the building permit for the expansion of its logistics park Industra Park in Iasi by 15,000 square meters.

Cushman & Wakefield Echinox Acts As Intermediary In Lease Of 7,300 Sqm Of Retail Space Within Agora Mall Arad

Wed, 03 Sep 2025 11:54:00 GMT

The retail team of real estate consulting firm Cushman & Wakefield Echinox provided consulting services to the developer of the Agora Mall located in Romania's western city of Arad (formerly known as Galleria Arad).

Libra Internet Bank Grants EUR35.5M Funding For New Phase Of Exigent Development's Real Estate Project In Bucharest

Wed, 03 Sep 2025 10:54:37 GMT

Libra Internet Bank granted a EUR35.5 million loan to real estate developer Exigent Development for the construction of Phase 6 of Bucharest-based housing compound Exigent Plaza Residence, which includes five buildings with a total of 738 housing units.

Deloitte Romania Promotes Three Professionals In Tax, Advisory, Audit & Assurance To Director Roles

Wed, 03 Sep 2025 10:28:50 GMT

Deloitte Romania is expanding its management team by promoting Laura Bobar, from the Tax practice, Alexandru Nae, from Advisory, and Florin Dumitrescu, from Audit and Assurance, to the role of director, effective as of September 2025.

Statistical Office: Romania's Hourly Labor Costs Up 10.34% In Q2/2025 Vs Q2/2024

Wed, 03 Sep 2025 09:38:27 GMT

Romania's hourly labor costs adjusted to the number of working days increased by 10.34% in the second quarter of 2025 compared to the same period of 2024, data from the country's statistical office INS showed on Wednesday (Sept 3).

Symmetrica Appoints Liviu Stoleru, Former Head of Cemacon and ROCA Industry, as CEO

Wed, 03 Sep 2025 08:50:09 GMT

Liviu Stoleru, former CEO of brick manufacturer Cemacon and former CEO of building materials holding ROCA Industry, has been appointed as CEO of Symmetrica, the main player on Romania pavers and curbs.

Agroland Agribusiness Reports RON1.5M Net Profit for H1/2025, almost Flat YOY

Wed, 03 Sep 2025 08:09:07 GMT

Agroland Agribusiness, a Romanian entrepreneurial company specializing in farming input sales, part of Agroland group, registered RON1.5 million net profit in H1/2025, up 2% from the year-earlier period.

Law Firm Filip & Company Assisted ACP Credit in PartnerVet Funding

Wed, 03 Sep 2025 08:01:58 GMT

Law firm Filip & Company assisted investment fund ACP Credit with the granting of a new funding round to PartnerVet group, which operates the most extensive veterinary network in Romania.

Morphosis Capital Closes Second Fund at EUR130M, above Initial EUR100M Target

Wed, 03 Sep 2025 07:30:16 GMT

Private equity fund Morphosis Capital, set up by four Romanians, has closed its second fund at EUR130 million, above the initial EUR100 million target.

Auchan Hits 50 Simply Franchise Store Threshold in Romania

Wed, 03 Sep 2025 07:09:27 GMT

Auchan Romania has opened the 50th franchise store under Simply by Auchan brand, a proximity format launched in June 2024 that targets local entrepreneurs.

Motorola Romania: Smartphone Market Shrank by around 3.5%-4% by Unit Number in Jan-June 2025

Wed, 03 Sep 2025 07:01:16 GMT

The local smartphone market registered a 3.5%-4% decline by number of units in the first half of 2025 and expectations for the second half point to a possibly steeper fall amid budgetary constraints and macroeconomic uncertainties.

AnimaWings Expands Network, Set to Operate 12 New Flights

Wed, 03 Sep 2025 06:53:37 GMT

AnimaWings, a company owned by Cristian and Marius Pandel, the founders of Christian Tour, will starting this autumn operate 12 new flights, set to connect Bucharest, Timisoara, Craiova, Cluj and Iasi with destinations of Europe and the Middle East.

ArcelorMittal Halts Production In Hunedoara Indefinitely

Tue, 02 Sep 2025 18:45:40 GMT

ArcelorMittal Hunedoara (SIDG.RO), one of the few major steel mills left in Romania, will halt production indefinitely from September 5.

Romanian Startup Meetgeek Secures EUR1.6M Funding For AI Scaling

Tue, 02 Sep 2025 15:47:22 GMT

Meetgeek.ai, a Romanian tech startup building an AI assistant for helping teams take control over their meetings, has obtained a new financing worth EUR1.6 million, with total investments in the project exceeding EUR2.2 million.

Philippine Embassy Reopens In Romania After 12 years Of Absence, Relocates HQ To Bucharest's SkyTower Building

Tue, 02 Sep 2025 15:15:00 GMT

The Embassy of the Republic of the Philippines in Romania has relocated its headquarters to the 24th floor of SkyTower, the tallest office building in Romania.