Companies
Stonevault 2023 Net Profit Up 26.5% YoY To RON16.1M In 2023
Stonevault, a Baia Mare-based producer of sofa springs, reported a net profit of RON16.1 million (EUR3.2 million) for 2023, up 26.5% from a net gain of RON12.7 million (nearly EUR2.6 million...
TeraPlast Group Acquires 70% In Optiplast, The 3rd Largest Flexible Packaging Manufacturer In Croatia
TeraPlast Group on October 9 announced the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third largest flexible packaging manufacturer in Croatia.
SITA Opens Research & Development Center In Cluj-Napoca
SITA, the world's leading specialist in air transport communications and information technology, has announced the opening of a research and development (R&D) center in Cluj-Napoca, which is...
Control F5 Software 2023 Turnover Up 41% YoY To RON3.9M
Control F5 Software, a developer of personalized software solutions, ended 2023 with a turnover of over RON3.9 million, up 41% on the year, as per data published on the finance ministry webs...
City Grill Takes Over Majority Stake in Cluj Restaurant Chain Marty
Restaurant group City Grill, controlled by Dragos Petrescu, is taking over the majority stake in restaurant chain Marty, launched by Marcelus Suciu in 1999 in Cluj, and steps up expansion on...
Footprints AI Has EUR2M Funding Round Underway for International Expansion
Local startup Footprints AI, which has developed an AI-based Retail Media platform, currently has a funding round totally worth EUR2 million underway.
Chimcomplex In Talks for Potential Acquisition of Azomures
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary talks for a potential acquisition of Azomures,...
Insolvent Elefant Online's Loss Widens To RON17.7M, Turnover Plunges Three-fold To RON15.8M In H1/2024
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for January-June 2024 period versus RON53 million...
Nuclearelectrica Appoints Daniel Adam As Chief Financial Officer
Nuclear power producer Nuclearelectrica (stock symbol: SNN), the operator of the power plant in Cernavoda, announced in a stock market report on October 8 the appointment of Daniel Adam as C...