Business Forum
| 23 May, 2025 at 11:12 AM
Flip.ro sales soar 45% in past year
Flip.ro, the Romanian platform dedicated to refurbished electronic devices, has concluded its fiscal year with a 45% year-over-year increase.
Flip.ro, the Romanian platform dedicated to refurbished electronic devices, has concluded its fiscal year with a 45% year-over-year increase.
Romanian tech retailer Flanco has announced its most significant expansion strategy in six years, committing approximately RON 20 million (close €4 million) to investments.
Maspex Romania has submitted documentation to the Romanian Financial Supervisory Authority (ASF) for a voluntary takeover bid of a majority stake in Purcari Wineries.
BIPA, the drugstore brand of REWE Group, has announced its expansion into the Romanian market, with the first store slated to open in 2026.
State-owned CEC Bank has completed its e-factoring project, marking a significant step forward in its ongoing digitalization strategy.
Early Game Ventures (EGV) has announced a significant seed investment of €1.2 million in Servo AI, a local startup leveraging computer vision and AI to deliver.
The Romanian Competition Council has initiated six ex officio investigations within the automotive sector, targeting major car importers for potential anti-competitive practices.
Beer producer Ursus Breweries, part of Asahi Europe & International, has named Dan Timotin as its new Managing Director for Romania.
Gabriela Stănică, the current Chief Information Officer, Digital & AI, will join the executive leadership team of Carrefour Romania as of June 1.
Romania's telecom sector recorded a 5% fall in revenues last year compared to 2023, reaching approximately €3.2 billion.
Holcim Romania has announced an investment of over €5 million in its Turda factory to launch a new production line.
Romanian private healthcare services provider MedLife has recorded a 20% y/y increase in pro-forma consolidated turnover during Q1 2025.
Sphera Franchise Group reported consolidated sales of approximately €72.52 million (RON 362.6 million) in Q1 2025 across its network of fast-food restaurants.
Sipex, a Romanian distributor of construction and finishing materials listed on the BVB AeRO market, reported a turnover of RON 66.5 million (€13.38 million).
Romanian retailer Flanco expanded its Smart Discounter network in April by opening two new stores and revamping a third, bringing the total number of projects under this brand to 22.
Elfi, the Romanian producer of tissue and sanitary paper products, has announced a significant €10 million investment aimed at expanding its production capacity.
Romanian FMCG distributor Aquila has announced a 19% increase in revenues for Q1 2025, reaching nearly RON 740 million (€144 million).
The EBRD has subscribed for PLN 140 million (€33 million) in the debut sustainability-linked bond issuance by Żabka Group, a Polish modern convenience retailer.
Metigla, a producer of complete solutions for metal roofing and cladding, is preparing to invest €15 million in its local operations, adding to the €25 million invested over the past 25 years.
Chinese EV maker BYD has officially launched in Romania and is introducing a range of 100% electric and plug-in hybrid models to the country's automotive market.
Liviu Drăgan, the Founder and CEO of Druid AI, has died at age 70. He was an engineer, inventor, and business leader with over four decades of experience.
Oradea Airport marked a major milestone with the landing of its first cargo aircraft, making it the only airport in Romania.
More than 13% of businesses in the EU used AI during 2024, while companies in Romania fall below this average, according to a European Commission report on digitalization.
Strabag, the European technology group for construction services, has reported a stable output volume of €19.2 billion in 2024.
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement with Vienna Insurance Group (VIG) to acquire approximately 10% of the shares of Carpathia Pensii, a Romanian private pension company.
Romania recorded the most significant increase in industrial electricity costs across the EU during H2 2025, according to data released by Eurostat.
Polish pharmaceutical company Zakłady Farmaceutyczne Polpharma has agreed to launch a voluntary public takeover offer (VTO) for all shares of Romanian drugmaker Biofarm, according to a regulatory filing.
Romania's Ministry of Finance has launched a public consultation for the TechUp Romania funding scheme, designed to support investments in research and development of advanced technologies with production capabilities.
Visual Fan has entered the shareholding of Solbess, a company active in electricity production.