IKEA Timisoara, the third store of Sweden's IKEA in Romania, has sold over 4 million products, registered 792,223 sales transactions and over 35,500 online orders in the first 12 months since opening.
The Competition Council is assessing the transaction through which Messer SE&Co intends to take over Resity Technologies D.O.O., together with Delta Holding D.O.O..
Net investments in Romania’s economy totaled RON34.6 billion in the first quarter of 2024, up 6.7% year-over-year, with new construction works accounting for 53.3% and purchases of machinery, including transport vehicles, for 28.2%, data from the country’s statistics board INS showed on Wednesday (June 12).
The decrease in demand for office spaces in Bucharest after the pandemic period reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, as per an iO Partners study.
Eurowind Energy, a Danish renewable energy company, has got the building permit for Frumusita wind park of Galati county, which is due to become operational in late 2026.
Households’ average monthly spending on streaming video on demand (SVOD) platforms has increased by almost 30% compared to last year, from 48 to 61 USD, amount which covers an average of four subscriptions, as per the 2024 Deloitte Digital Media Trends study.
Nuclearelectrica (SNN) and Canadian Nuclear Partners (CNPSA) have signed a long-term framework agreement to provide Project Management Organization (PMO) services for the preparation and implementation of the Cervavoda Nuclear Power Plant Unit 1 refurbishment project in Romania.
Romania's annual inflation decreased to 5.1% in May 2024, compared to 5.9% in April 2024, data from the country's statistics board INS showed on Wednesday (June 12).
Retailer Leroy Merlin has completed the relocation of Craiova store, which will be opened on June 19 in the same shopping center Electroputere Park, to a 14,750-sqm space, 16% bigger than the previous location.
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, has more than 40 positions available at the Cluj business hub, which supports key functions globally and regionally.
Delgaz Grid, part of E.ON Romania group, plans to invest RON1.5 billion to upgrade 44 transformer stations, in the next six years, of which RON1.1 billion represents funding from the Modernization Fund.
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, has announced it will organize, on June 20, a second auction for the sale of Dambovita hotel of Targoviste, with the starting price set at RON15 million.
Comarch, a Polish company that develops software solutions for several industries, has hundreds of clients in Romania and plans to increase their number during 2024.
The number of real estate deals in Romania, which includes houses, lands and apartments, stood at 43,601 in May 2024, lower by 13,598 than in the same period of 2023, data from the national cadaster agency ANCPI showed on Tuesday (June 11, 2024).
Timisoara-based group of companies IT LASTING, which includes firms LASTING System, LASTING Software and SPHINX IT, reported a combined turnover of over RON246 million (EUR49.5 million) and total net profit of RON9.4 million (EUR1.89 million) for 2023, and the bulk of turnover (80%) was generated by the distribution division (LASTING System).
The representatives of Franklin Templeton, the manager of Fondul Proprietatea (FP.RO) are ready to take public on the Bucharest Stock Exchange three companies in which the Fund owns stakes valued at EUR306.4 million – Aeroporturi Bucuresti (Bucharest Airports), Portul Constanta (Port of Constanta) and Salrom.
Romanian-held logistic and freight forwarding group International Alexander of Arad, the biggest player on this market, ended 2023 with a turnover of RON665.4 million, up nearly 5% year-over-year.
Medical services network MedLife is starting the expansion of its MindCare chain of mental health centers by opening a second unit, in the city of Constanta, after the first unit located in capital city Bucharest.
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has successfully completed the initial public offering (IPO) carried out at the Bucharest Stock Exchange, through which it attracted RON20 million, and is readying its listing on the AeRo market at the end of June.