Banca Transilvania has lent EUR20 million to real estate developer STC Partners for the development of Bucharest’s housing compound Quartier Ferdinand, a total investment of above EUR35 million, due to be completed in the fourth quarter of 2026.
Romanian retailer Contakt, specialized in the distribution of accessories and technologies for mobile devices, plans to expand on new regional markets such as Poland, Czechia, Serbia and Hungary this year, as on foreign markets demand is increasingly shifting to niche products and quality post-sales services, which Romanian consumers are still quality/price sensitive.
Aluminum aircraft parts maker Universal Alloy Corp, part of Montana group controlled by Austrian entrepreneur Michael Tojner, in 2024 for the first time went beyond the RON1.5 billion turnover threshold, a 25% increase from 2023, in line with ZF calculations.