Companies
UPS Banks on Romania Firms’ Exports to Boost Local Business
UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to scale up its local business.
IBB Holding Seeks To Raise EUR10M Via Bucharest Stock Exchange
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise EUR10 million through a bond issue on the...
Votrom's 2023 Profit Up 19.5% YoY To Almost RON21M
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than RON774.2 million (EUR157 million) reported in...
Japan’s Nidec Hits EUR45.1M Turnover In 2023 With Oradea Plant, Up 5.6% YoY
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reporte...
Japan’s Sumitomo Buys Romania's Farming Input Wholesaler Naturevo
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler, according to Naturevo representatives.
Competition Council Assesses Takeover Of Astir Vitagiannis By Guala Closures
Romania's Competition Council is assessing a transaction through which Guala Closures S.p.A., Italy, plans to take over Astir Vitagiannis Bros. S.A., Greece, including its subsidiary, Coleus...
Oracle Global Services Romania Sees 2023 Turnover Slide almost 16 % To RON518.4M
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023 year-on-year, to over RON518.4 million (EUR...
Inter Computer Romania Eyes EUR3M Turnover in 2024
Inter Computer (IC) Romania, the local subsidiary of the Hungarian group of the same name, operating on the tech solutions market, targets EUR3 million turnover for 2024, the first year of a...
Fashion Retailer Peek & Cloppenburg Launches Smaller Store Format to Expand to Romania Secondary Cities
Fashion retailer Peek & Cloppenburg, which operates on the market of large, multibrand-type stores, is launching a smaller format, so as to be able to expand to secondary cities of Romania a...