Companies
Flip.ro Platform Generates EUR56M Sales in 2023
Local startup Flip.ro, part of eMAG group, registered EUR56 million sales during fiscal year 2023, 46% higher than in 2022.
Trend Furniture Set to Invest EUR3M in New Space
Trend Furniture has started a EUR3 million investment in the building of a 4,000-sqm space in Gilau, Cluj county, where it will in 2025 move production, warehousing, offices and the showroom...
Aramis Invest's 2023 Net Profit Soars Almost 73% YoY To RON74.6M
Aramis Invest, the largest local furniture producer, held by local entrepreneurs Vladimir Iacob and Marius Selescu, reported a net profit of RON74.6 million (EUR15 million) for 2023, up nea...
EC Report Shows Link Between EUR8B In Uncollected VAT And CO2 Emissions
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the country third among European states in terms of n...
Omnia Capital Continues Consolidation Process, Buys 44.67% In Cargo Buddy
Investment company Omnia Capital, founded by Matei Ladea and Bogdan Georgescu, is continuing its consolidation process and buying 44.67% in Cargo Buddy, a comprehensive online platform offer...
Maria Boldor Takes Over As Managing Director Of Horváth Romania
Maria Boldor, who was promoted to Partner within the international management consultancy group Horváth this spring, has also become the Managing Director of the Bucharest team after 17 year...
Catinvest Invests EUR36M To Expand ElectroPutere Parc In Craiova
French real estate group Catinvest is investing EUR36 million to expand ElectroPutere Parc from Craiova, along with the opening of the new Leroy Merlin store and the acquisition of the forme...
Bio Eel 2023 Turnover Up 33.6% in 2023, To almost RON905M
Bio Eel, specialized in drug production and wholesale, with a plant in Targu-Mures, in 2023 posted turnover worth around RON905 million (EUR183 million), up 33.6% from 2022, in line with ZF...
Germany’s Reinert Reaches over EUR37M Turnover with Oradea Plant
Technical plastic solutions developer Reinert Junststofftechnik, acquired in late 2019 by Germany’s CCBA Vewaltungs, for 2023 reported turnover worth RON185.8 million (EUR37.6 million), up a...