A total 20,223 housing units were put into use in Romania in the third quarter of 2022, 1,957 more than in the same period of 2021, data from the country’s statistics board INS showed on Friday (Dec 9).
Swiss-based European energy firm MET Group has announced its entry into the Romanian renewables market with the acquisition of a 100% stake in a solar project currently under development in southern Romania.
Dennis Selinas, the future CEO of Globalworth, has been elected Chairman of the Board of Directors of the Association of Real Estate Investors in Romania (AREI), for the next two years.
Furniture maker and retailer Mobexpert plans to open 20 stores in Romania in the coming years, said the retailer’s Chief Executive Officer, Adelina Badea.
The number of companies with foreign capital newly established in Romania grew by 30.7% in the first ten months of 2022 compared to the same period in 2021, up to 6,175 units, according to data centralized by the country's Trade Register Office.
Polish retailer Smyk Group, specialized in selling children’s products, will be opening its first store in the town of Roman, on Thursday (Dec 1), reaching a total 27 units in Romania.
Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say.
After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, said Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe.
German-held discount retailer Lidl has announced the opening of three new stores in Romania, in the city of Bucharest and the towns of Vaslui and Pecica.
Fagura, a private-to-private (P2P) lending platform developed by Moldovan entrepreneurs, has launched a new funding round through British crowdfunding platform Seedrs.com to support the scaling of operations in Romania and the development of digital banking services in partnership with other banks.
Energy Power Holding, an Austrian-held company operating in Austria, Estonia, Slovenia and Poland, has recently completed the acquisition of six green power projects or a total of 81 MW in Romania at a time others, like Italy’s Enel for instance, are leaving and has 1,500 MW in photovoltaic parks in development in the country.
A global business expansion index established by global HR and payroll company Remote shows Romania places seventh among the top ten countries ranked by their overall ‘Global Expansion’ score out of 10.
Paval Holding (owner of DIY retailer Dedeman) has signed the agreement to buy CA Immo’s office space portfolio in Romania, marking a record for a Romanian investor.
Italy’s De’Longhi, a maker of home appliances, among which espresso machines and blenders, has invested EUR126.5 million in the first nine months of the year, most of which in Romania, where it owns three plants – in Jucu (Cluj County), in Madaras (Bihor) and Satu Mare.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening on Dec 15, 2022 its first store in Romania, within the ParkLake shopping center.
NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe and the largest shopping mall owner in Romania, has opened flexible office spaces in five shopping centers in Romania.
The sum foreign tourists spent on tourism services provided by local providers reached EUR3 billion in the first nine months of 2022, in line with data provided by the National Bank of Romania.