The office sector in capital city Bucharest shows a positive fluctuation in terms of total leasing activity, after the first three months of 2024, being 71% higher than in the same period of 2023, according to data from real estate consulting firm CBRE.
Imaging clinic network Medima has opened a new clinic, in Deva (in the central-western part of Romania), following an investment of approximately EUR1.7 million.
Aquila Part Prod, the market leader in the field of integrated distribution and logistics services for consumer goods, in Romania and the Republic of Moldova, has budgeted EUR16.9 million investments in 2024 in fleet and warehouse equipment renewal.
Visual Fan, an electronic device producer, owner of Allview brand, in its 2024 revenue and expense budget estimates its revenues will reach RON151.6 million at end-2024, up 13% from 2023. Net profit is expected to hit RON7 million, up 58%.
Real estate developer One United Properties during this year’s Capital Markets Day event announced its plan for 2030 envisages its expansion in three key fields: housing, office and retail and hospitality.
Romania’s state-owned natural gas supplier Romgaz, announced it signed three gas sale contracts for period April 1, 2024-April 1, 2025, totally worth RON2.2 billion.
EDP Renewables (EDPR), the Portuguese group that is a major player on the global green energy market, last month got the technical connection permit for two solar parks in Romania.
Marigab Com, of Turceni, Gorj county, controlled by local entrepreneurs, specialized in food retail, will build a hotel of around EUR8 million, with money from the Just Transition program.
Maracana, a company specializing in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 square meters at the MLP Bucharest West logistics park.
Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 12.3% in unadjusted data and by 7.1% when adjusted for seasonality and number of working days, in February 2024 compared to February 2023, data from the country’s statistics institute INS showed on Wednesday (March 6).
Romania’s national power transmission company Transelectrica (TEL.RO) has completed an investment of roughly RON92 million for the consolidation of energy security in the region of Dobrogea, the development of the electric transmission network and the national energy system, by building two new 400 kV double-circuit connections, with a total length of 55 kilometers , in the Medgidia Sud 400 kV Electric Substation.
Investment fund GapMinder II has led a EUR2 million funding round in Genezio, a startup co-founded by Andrei Pitis, announced Dan Mihaescu, a founding partner at the fund.
The Romanian subsidiary of China’s telecom equipment maker ZTE for 2023 reported RON79.4 million turnover, up 40% from 2022, in line with Finance Ministry data.
Pastry maker Senneville based in Timisoara (western Romania), with a EUR3.7 million turnover in 2023, seeks to invest in a new factory, in the neighboring county of Hunedoara.