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Real estate developer Hagag Development is reopening the Stirbei Palace on Calea Victoriei in Bucharest, turning it into „the first luxury department store in Romania”. The opening is scheduled for the second half of 2025.
EY’s Strategy and Transactions and Transaction Tax teams from Romania and Bulgaria provided Morphosis Capital with financial and tax due diligence services for the acquisition of a minority stake in Bulgaria’s EnduroSat, a leading European provider of high-end satellites and space services.
Trade between Poland and Romania has increased significantly to EUR11.05 billion in 2023, up 27% against 2020, and is expected to exceed EUR14 billion for the 2024 fiscal year.
Romania's Competition Council has authorized the transaction by which MB Beteiligungs GmbH plans to acquire the companies Plantextrakt SRL and Plantmed SRL.
Swiss-based energy company MET Group, headquartered in Switzerland, has started the construction of an 80 MWp photovoltaic (PV) solar project in Romania's southern commune of Rascaeti, Dambovita County.
Investment and asset management firm Solida Capital has acquired the Victoria Center office building, located in downtown Bucharest, from Manova Partners.
Industrial production prices for the total (domestic market and non-domestic market) inched 0.1% lower in January 2025 compared to January 2024, and rose 0.5% compared to December 2024, data from the country's statistical office INS showed on Tuesday (March 4, 2025).
Romania’s unemployment rate stood at 5.5% in January 2025, lower by 0.2 percentage points than the 5.7% rate recorded in December 2024, data from the country’s statistical office INS show on Tuesday (March 4, 2025).
UCM Resita, a company taken over last year by Hidroelectrica, for 2024 reported RON5.55 million turnover, down 85% from 2023. However, the company switched to RON20.5 million profit, from RON12.4 million losses in 2023.
Liberty Galati, the largest integrated steel producer in Romania, has announced it would enter an agreement with creditors amid political upheaval, the new tariffs imposed by the US over steel imports and the lack of real steel industry protection moves at EU level, considering this is the best form to stabilize its business.
E.ON Energie Romania, part of German group E.ON, in 2024 completed and delivered 34 photovoltaic plants to a similar number of partner companies, with the total value of projects reaching almost EUR10 million.
The extraordinary general meeting of Ropharma shareholders on March 3 decided to increase a loan contracted from ING Bank by EUR2.35, more exactly from EUR12.95 million to EUR15.3 million.
Hidroconstructia, which went insolvent in early 2022 and was subsequently taken over by Electromontaj group, in 2024 posted profit worth over EUR3.1 million.
Private investment firms Cerberus and Revetas are considering the sale of the Radisson Hotel on Calea Victoriei in Bucharest, after having sold the Landmark office space complex in the same city in 2024, market sources say..
Romania sold 67,000 tons of sweet biscuits in retail, worth a total of RON2.5 billion (EUR500 million), Euromonitor International data show.
Braila-based apparel manufacturer Braiconf (stock symbol: BRCR) has announced it a stock market report that it recorded revenue of RON18.5 million in 2024, down 35% against the RON26 million level reported in 2023.
Investment fund Vertical Group, held by several entrepreneurs, has reported in a stock market report on March 3 that it has exceeded the 5% holding threshold in Romanian agribusiness company Agroserv Mariuta (stock symbol: MILK).
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of February 2025, higher by EUR1.75 billion than the EUR60.8 billion level reported on January 31, 2025, Romania’s central bank announced on Monday (March 3, 2025).
Vista Bank has announced on March 3 the agreement with Alpha Bank S.A. and Alpha International Holdings S.MS.A. 100% subsidiaries of Alpha Services and Holdings S.A., for the acquisition of the shares (100%) in Alpha Leasing (Romania) (which also holds 100% of Alpha Insurance Brokerage (Romania)).18623 items