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Business suspensions in Romania up14.58pct in 2024
Wednesday, February 26, 2025
Business suspensions in Romania in 2024 was 18,716, up 14.58% from the previous year, according to data published by the National Companies Register Office (ONRC).Most of the suspensions were recorded in Bucharest City, 2,252 (up 13.79 from 2023). The capital is followed by the counties of Cluj, with 1,162 suspesnions (plus 9.93%), Iasi - 851 (plus 15.16%), Brasov - 822 (plus 13.85%), Bihor - 800 (plus 19.23%) and Timis725 (plus 22.26%).On ...
Agroland Business System posts consolidated revenues of 315.7 million lei and an operating profit of 17 million lei in 2024
Wednesday, February 26, 2025
Agroland Business System (BVB: AG), the Romanian entrepreneurial retail, agriculture, and food group that owns the largest network of agricultural stores in Romania, posts, at the consolidated level, operating revenues of 315.7 million lei in 2024, a 7% increase compared to the previous year. In 2024, the company’s operating profit amounted to 17 million lei, a 53% growth compared to 2023, while net profit reached 7.7 million lei, up ...
Competition Council Approves APC Universal Partner Takeover
Wednesday, February 26, 2025
The Competition Council has authorized the transaction by which Rozalia-Maria Sitar intends to take over APC Universal Partner S.R.L. APC Universal Partner S.R.L. carries out commercial activities on the market of construction, furnishing and finishing materials, intended for DIY (do-it-yourself) projects. Rozalia-Maria Sitar holds full, partial or majority ...
Eastern European startups raise €4B VC, Romania hits record €130M
Wednesday, February 26, 2025
Investments in Romanian startups exceeded €100 million for the fourth consecutive year, reaching €130.7 million, according to the “Venture in Eastern Europe 2024” report, conducted by How to Web and Croatian unicorn Infobip. The analysis provides a detailed overview of the Eastern European investment ecosystem in 2024 and offers valuable insights for investors, entrepreneurs, and ...
Big-ticket M&A in CEE came under strain in 2024, but steady deal volume shows the market’s resilience and sustained appeal to global dealmakers
Wednesday, February 26, 2025
Despite geopolitical and macroeconomic headwinds, deal volume in Central and Eastern Europe (CEE) held up relatively well in 2024. There were 1,270 transactions in the region in 2024, according to the reported data and taking into account the criteria set out in the methodology. The aggregate value of M&A activity amounted to ...
Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone
Wednesday, February 19, 2025
Freedom Holding Corp.'s market capitalisation increased by 85% over the past year. Freedom24, its EU-based retail stockbroker, is rapidly gaining popularity across Europe. In Romania, the platform has attracted over 2,800 clients and achieved a total investment volume of €3 million. Freedom24 aims to increase its Romanian client base by 200% in 2025, ...
DONALAM SOUNDS THE ALARM: TO AVOID COLLAPSE, ROMANIA’S STEEL INDUSTRY NEEDS IMMEDIATE STATE INTERVENTION!
Wednesday, February 19, 2025
The steel industry is going through its toughest period in decades, facing challenges that threaten the survival of local producers. The recovery of Romania’s steel industry depends on the state’s ability to protect it from unfair competition from non-EU ...
LabMin discusses Dacia Plant, Romanian automotive industry's future with Renault Group director
Wednesday, February 19, 2025
Labour Minister Simona Bucura-Oprescu met on Friday at the Romanian Embassy in Paris with Renault Group's Public Affairs Director Bruno Vincent, with whom she discussed the future of Dacia Plant and of the Romanian automotive industry, the relevant ministry reports in a Facebook post."Dacia is one of the drivers of Renault Group and a crown jewel of the Romanian economy. It is the largest car manufacturer in Romania and the country's main exporter. ...
Mergers&aquisitions market returns in 2024 to the 2019 level
Wednesday, February 19, 2025
The Romanian mergers and acquisitions market recorded 239 announced transactions last year, with an estimated total value of 5.9 billion euros, according to an analysis by PwC Romania, presented at the Annual M&A Conference, according to a press release sent on last Thursday.Compared to 2023, the M&A market recorded a 12% increase, with the most dynamic sectors being real estate, financial services and energy."The Romanian M&A ...
Romania opens first wax paper factory in Eastern Europe, in Iasi
Wednesday, February 19, 2025
Romania is opening the first wax paper factory in Eastern Europe, on the Exonia industrial platform in Iasi, an innovative solution to reduce plastic consumption.According to a press release sent by Exonia, Romania becomes a pioneer in Eastern Europe by opening the first wax paper factory for food packaging, "at a crucial moment in the fight against plastic pollution"."The opening of this plant is an important moment for Romania and for the whole ...
Bitdefender Acquires Cybersecurity Provider in Asia-Pacific
Wednesday, February 19, 2025
Bitdefender, one of the largest and most well-known Romanian IT companies, has acquired a key division of BitShield, its partner company responsible for distributing Bitdefender solutions in Malaysia and Brunei, according to a press release from the Romanian company. With this acquisition, Bitdefender reaffirms its commitment to investing in the Asia-Pacific (APAC) region, following its 2023 acquisition ...
Nhood Romania surpasses 10 million euros in revenue, achieving a 10% growth in 2024
Wednesday, February 19, 2025
Nhood Romania, an integrated real estate services and solutions company, reported revenue exceeding 10 million euros in 2024, marking a 10% increase compared to the previous year. At the same time, the company’s net profit grew by 63% year-over-year, leveraging a diversified portfolio and operational efficiency. “In 2024, Nhood Romania continued to expand its portfolio by diversifying the ...
Limitless Agency has reached a turnover of 6.4 million Euros in 2024
Wednesday, February 19, 2025
Limitless Agency, one of the main digital marketing agencies on the Romanian market, reported a turnover of approximately 6.4 million Euros (31,938,356.73 RON) in 2024, a 51% increase from the 4.25 million Euros recorded in the previous year. According to the Emarketer report, the global digital marketing market grew by about 10% in 2024, a trend that was also observed in Romania and is expected to continue in 2025. ...
Orange Group announces a consolidated turnover of EUR 1.416 billion in 2024
Wednesday, February 19, 2025
Orange Group announces its 2024 financial results, available on December 31. In 2024 turnover amounted to €1.416 billion, down 8.5% year-on-year. In the fourth quarter, Orange Romania achieved consolidated turnover of €367 million, down 9.8% compared to Q4 2023. As of December 31, 2024, Orange offered mobile services to 9.3 million customers, fixed broadband internet to 1 million customers and cable and satellite TV services to 1 million ...
ONRC: Number of dissolved companies, up by 18.38% in 2024
Wednesday, February 19, 2025
The number of dissolved companies increased by 18.38%, in 2024, up to 46,205, compared to 39,031 in the previous year, according to the data centralized by the National Trade Register Office (ONRC).The most dissolutions were registered in Bucharest, respectively 9,150 companies (number increasing by 11.71% compared to 2023) and in the counties of Ilfov (2,508, plus 35.06%), Cluj (2,490, plus 22.54%), Constanta (2,452, plus 31.44%), Timisoara ...
Axionet IoT wins European funding for electric vehicle charging stations
Wednesday, February 19, 2025
Local entrepreneurial company Axionet IoT has been selected by the European Climate, Infrastructure and Environment Executive Agency (CINEA) for a funding of EUR 26.88 million in order to develop 496 charging stations for electric vehicles in 200 locations in Romania.The 496 electric vehicle charging stations are designed to serve both light and heavy vehicles. Thus, 96 of the stations will be for fast charging, of a power of 150 kW, and another 400 will ...
Over 83k companies deregister in 2024
Wednesday, February 12, 2025
A total of 83,012 companies were deregistered nationwide in 2024, 16.52% more compared to the previous year, according to statistics from the National Trade Registry Office (ONRC).The highest number of deregistrations was recorded in Bucharest, with 12,982 (a 9.83% increase compared to 2023), and in the counties of Cluj (4,290, +15.14%), Timi? (3,431, +10.22%), Constanta (3,163, +7.26%), Iasi (2,972, +7.33%), Dambovita (2,833, +48.09%), and Bihor ...
Number of registrations of individuals and legal persons down 14.6pct in 2024
Wednesday, February 12, 2025
The number of registrations of natural and legal persons decreased in 2024 by 14.63%, compared to the previous year, down to 124,898 registrations, of which over 73% were LLCs, according to data centralized by the National Trade Register Office (ONRC).The most registrations were recorded in Bucharest Municipality, respectively 29,807 (-3.37%, compared to 2023) and in the counties of Ilfov - 7,592 (-4.02%), Cluj - 6,220 (-21.15%), Timis - 5,663 (-13.88%), ...
Crystal Dental Clinic, turnover increased by 60%, to over 4 million euros
Wednesday, February 12, 2025
Crystal Dental Clinic, a pioneer with over 22 years of activity in the Romanian dental market, announces a 60% increase in turnover, to 4.3 million euros, in 2024. The growth is based on patient loyalty, increasing the number of patients and attracting complex cases, in an extremely fragmented and competitive market. Thus, Crystal Dental Clinic has become one of the largest dental clinics in Romania, and it is about to open two more clinics – the first ...
The year 2024 in Competition and what to expect in 2025
Wednesday, February 12, 2025
In terms of competition, the year 2024 was marked by 2 important milestones – the first part of the year, until the appointment of the new Plenum of the Competition Council, during which the authority focused on finalizing some internal issues (rulings and other procedural matters), and the second part of the year, when the new Plenum of the Competition Council started its activity, showing the first signs of the strategy for the next two and a half ...