Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
ASEBUSS: Over Half of Romanian Managers Boosted Company Investment Budgets in 2023
More than half (56%) of Romania managers and entrepreneurs have hiked the sums earmarked for investments in 2023 against 2022, while 27% of them have kept them unchanged, reveals ASEBUSS Inv...
One United Properties Gets Construction Permit for Bucharest’s One Lake District
One United Properties (ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the construction license for One Lake Distric...
SafeTech Innovations Projects RON58M Turnover, RON14M Net Profit for 2023
SafeTech Innovations, a Romanian cybersecurity firm with offices in Bucharest, London and Abu Dhabi, expects RON58.1 consolidated turnover and net profit of RON13.9 million for the current y...
TeraPlast Opens 6,500-Sqm Distribution Center in Galati, Reaches 7 Own Distribution Units Nationwide
Building materials producer TeraPlast, controlled by Dorel Goia, has opened a logistic and rapid delivery center in Galati, set to serve Galati, Braila, Tulcea, Vrancea, Ialomita and Constan...
Online Retailer evoMAG Earmarks EUR500,000 Investments for 2023
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted EUR500,000 in 2023, more than double the 2022 level.
Bucharest’s Main Heat Supplier ELCEN Exits Insolvency
Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circu...
Transelectrica Set to Develop Own Operational Security Center with US Money
Transelectrica (TEL.RO), the operator of the national energy transmission system, has signed a Grant Agreement worth around $1.1 million with the US government, represented by the United Sta...
eMAG Borrows almost EUR70M from Alpha Bank to Build 100,000-Sqm Logistic Hub in Hungary
eMAG, the biggest online retailer in Romania, has got long-term funding worth almost EUR70 million from Alpha Bank, which will support the construction of a state-of-the-art logistic center...
IKEA Seeks to Hire over 250 People for Timisoara Store
Swedish furniture and home décor retailer IKEA has started the recruiting process for the more than 250 employees of the future store of Timisoara, which the company is set to open this summ...
Electroaparataj Temporarily Cuts Production, Suspends Labor Contracts for Most Employees
Electroaparataj Targoviste, a marker of electrical equipment and electrotechnical accessories, has announced that during the February 1-28 period it will substantially reduce its activity an...
F64 Partners with Mokka to Provide Alternative Payment Method
F64 Studio, operating Romania’s biggest photo-video equipment retailer, has sealed a partnership with fintech Mokka, a player on the Buy Now Pay Later market of CEE, via which clients can bu...
OVES Enterprise Posts over EUR6M Turnover in 2022, Expects Business to Double in 2023
Software developer OVES Enterprise saw turnover top EUR6 million in 2022 and for the current year its officials expect turnover to double amid the rising number of projects in the financial...