Finance

Business Forum   |   24 February, 2025 at 11:43 AM

Morphosis Capital Fund II invests in EnduroSat

This acquisition marks the third transaction for Morphosis, having committed to deploy over 30% of the Fund's investable capital within the first 7 months of its first closing.

Business Forum   |   11 February, 2025 at 12:11 PM

Digital payments in Romania approach €37 billion

AI and blockchain technology are having a growing impact on the FinTech industry, with digital payments and e-wallets expanding, according to experts at Money Motion 2025.

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Romanian wholesale trade grows 2.3% in Q1 2026
Economy

Romanian wholesale trade grows 2.3% in Q1 2026

Romanian wholesale trade turnover (excluding motor vehicles and motorcycles) increased by 2.3% in the first three months of 2026 compared to the same period last year, according to data published by the National Institute of Statistics (INS).

Finance

Intesa Sanpaolo Bank Romania CEO resigns

The Board of Directors of Intesa Sanpaolo Bank Romania has acknowledged the resignation of Alessio Cioni from his roles as General Manager and Chairperson of the Management Committee (CEO).

Industry

Electro-Alfa International posts 12% revenue growth in Q1 2026

Electro-Alfa International, a Romanian manufacturer of electrical equipment and provider of EPC and IT services, reported revenue growth and profitability for Q1 2026. The company's total revenues reached €25.7 million, up 12.2% compared to Q1 2025. Net profit increased by 2.9% to €6.2 million, supported by a 2% increase in EBITDA, which reached €10.6 million.