Tag: Daniel Tudor (5 articles)

Real estate   |   17 November, 2025 at 1:20 PM

Goldbach Group raises €5.3 million for retail park expansion

Goldbach Group has entered a strategic partnership with Hubix, a Romanian investment and management company, securing over €5.3 million to develop four new retail parks under the K2 brand. The partnership combines Goldbach Group's retail park development expertise with Hubix's financing structuring capabilities and private capital attraction through its established investors' community.

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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.