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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Industry

Russian drone crashes into Galați residential area

A Russian Geran-2 combat drone breached Romanian airspace and crashed into a residential apartment block in the eastern city of Galați early on 29 May, intensifying security concerns along NATO's eastern flank.

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.