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Apa Nova Bucuresti, part of Veolia group, has announced an investment budget of around EUR40.5 million for 2025 to overhaul Bucharest water and sewage infrastructure.
Innobyte, an e-commerce software development company, part of Life is Hard group, ended 2024 with RON14.03 million turnover, up 11.65% from 2023.
CPI Romania, one of the largest players on Romania real estate market, has signed the extension of leasing contracts for a total area of over 12,000 square meters with Deloitte Romania and WPP, two of the main tenants in office building The Mark, whose occupancy rate has now reached 99.7%.
Computer and electronics retailer Flanco in the first three months of 2025 opened three new Smart Discounter stores, in Arad, Ramnicu Sarat and Giurgiu, reaching 19 such units.
IT, manufacturing and industry, as well as healthcare and pharma companies have been the most dynamic ones on the office leasing market in the past five years, generating over half of new office space demand, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.
February brought an even stronger increase of prices on the Bucharest market of old three-room apartments than January. After the 8.6% advance of December against the same month of 2023, in January the market accelerated by 9.5% the prices asked by sellers and in February the pace went beyond 11%.
Luca, a Romanian pretzel shop brand, held by entrepreneur George Adragai via Tinervis Group, has grown to nine stores in Poland in three cities – Warsaw, Wroclaw and Katowice, the corporate website says.
The significant growth on the logistics and industrial space market, along with the high appetite of investors for projects, could make the US-held Panattoni return to Romania for development, market sources say.
On March 3, Transilvania Investments Alliance (stock symbol: TRANSI) sold a package of 78.67 million shares held in the company Turism, Hoteluri, Restaurante (THR) Marea Neagra (stock symbol: EFO), which manages several hotels and restaurants in Romanian seaside resorts.
MedLife, the market leader in private medical services in Romania, announces the launch of a new product dedicated to start-ups and SMEs (companies with between 10 and 250 employees) – LevelUp, a subscription that combines complete wellness, lifestyle and medical screening solutions.
DM Sport & Energy, a company owned by Turkish businessman Metin Doğan, has secured EUR10 million funding from Garanti BBVA for the development of the National Golf & Country Club in Dambovita County, a EUR30 million sports and residential project.
Three Romanian entrepreneurs - Beatrice Galatanu, Mihaela Rosu and Elvis Apostol - have launched a digital platform called interviewsUp.com, which aims to enhance the quality of recruitment through well-structured interviews focused on relevant soft skills.
Dulcinella Romania, the Romanian network of confectioneries and pastry shops with Moldovan roots, has partnered with Bocado, the main digital platform for HoReCa customers, part of the Macromex portfolio.
The Board of Directors of state-run national gas transmission system operator Transgaz (stock symbol: TGN) has announced in a stock market report on March 5 that it has called shareholders for an extraordinary general meeting on April 9 and the main item on the agenda will be the approval of the acquisition of a 51% ownership stake in Petrostar SA, headquartered in Ploiesti, Prahova County.
US Cargill wants to sell Provimi in Romania, where it makes compound feed for livestock to Carmistin The Food Company, one of the major actors in the local food industry with more than RON1.5 billion revenue, held by Iustin Paraschiv, ZF sources say.
Romanin company Plasmaserv Metal Connection, which supplies plasma-cutting and welding equipment and solutions for shipyards, expects EUR7.8 million in revenue in 2025, up 30% against 2024, against the backdrop of strategic investments in automation and digitization, and the consolidation of key partnerships.
Libra Internet has granted financing of over EUR10 million for the development of the Alenia Botanic Park residential project in Romania's western city of Timisoara, carried out by Botanic Living, part of Almira Group.
Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of assets in mutual funds, from 5% at present, in line with a draft government emergency ordinance, which also stipulates taking into consideration life-cycle-type funds.
Eurowind Energy Romania, a major developer of clean energy projects operating on the local market since 2011, confirms the development of a wind power project in Botosani county, which aims for installed capacity of around 1,200 MW, thus positioning Romania as a potential renewable energy exporter in the region.19029 items