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Discount store chain Penny will invest EUR120 million to EUR150 million in Romania in 2025, about the same as in the previous years, says Chief Executive Office Daniel Gross.
Altex, Romania’s largest electro-IT retailer, held by entrepreneur Dan Ostahie, will be opening a store in Cometex Retail Parks, in the town of Caracal (Olt County), on Feb. 13, reaching a local chain of over 130 units.
Catalin Parvu, one of the most famous bankers in the Romanian market, has received the approval of Romania's central bank to take over the position of Executive Vice President of Exim Banca Romaneasca.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) on Feb. 5 concluded four new contracts worth a total of RON155 million for wholesale energy sales in 2026 to supplier Energy Distribution Services (EDS).
The deal whereby Deutsche Telekom (Germany) and OTE (Greece) Group seek to sell Telekom Romania Mobile operations to Vodafone and Digi stands chances of being approved in the first half of 2025, provided that the buyers meet certain obligations.
HazelHeartwood, a Belgian management consulting firm, is inaugurating a new headquarters after leasing approximately 400 square meters of gross leasable area (GLA) in the Timpuri Noi Square office complex developed by Vastint Group.
E.ON Energie Romania, a leading gas and electricity supplier on the local market, wants to reach 1 million clients on the segment of power solutions and services, from 860,000 at present.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 7.8% both in unadjusted data and when adjusted for seasonality and number of working days, in December 2024 compared to December 2023, data from the country’s statistics board INS showed on Thursday (Feb. 6).
Law firm Filip & Company has legally assisted Dante International (eMAG) and HeyBlu IFN, a financial services company owned by eMAG group, in the acquisition of 100% of Orange Money IFN shares.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, reports total sales and pre-sales of EUR227.8 million in 2024, corresponding to the surface of 83,958 sqm of residential and commercial spaces sold and pre-sold.
Transilvania Investments Alliance is convening its shareholders on March 10, 2025 to approve among others a share buyback program of up to RON92.5 million to reduce capital and the distribution free of charge to directors and employees, as well as a loan of maximum RON200 million for investments.
BRD Groupe Societe Generale, the fourth largest bank in Romania, in 2024 posted RON1.47 billion net profit, down 9.7% from 2023, and RON3.89 billion net banking income, up almost 5%.
Investment fund Fortech Investments has since its launch in 2021 invested EUR8 million in 18 tech startups, of which EUR2 million were earmarked last year for 5 new projects.
Romania smartphone market rose by 3% in 2024 by value amid consumers’ penchant for more expensive models and the tendency will maintain this year.
New car registrations were down 6.4% to 11,920 units in January, data from Romania’s carmaker association ACAROM show. In comparison, 2024 started with a 4% increase to 12,733 units.
Scandinavian home furnishings retailer JYSK continues to expand in Romania and is opening a new store in the town of Tecuci, Galati County, on Thursday (Feb. 6), thus reaching a 147-unit network in the local market, according to calculations by Ziarul Financiar (ZF) daily.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market via a report on Feb. 4 about the conclusion of four electricity wholesale contracts worth a total of RON235.6 million with supplier Energy Distribution Services (EDS), per calculations by Ziarul Financiar (ZF) daily based on data reported to the Bucharest Stock Exchange.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market via a report on Feb. 4 about the conclusion of four contracts worth a total of RON235.6 million for wholesale energy sales with supplier Energy Distribution Services (EDS), per calculations by Ziarul Financiar (ZF) daily based on data reported to the Bucharest Stock Exchange.
Romania's Competition Council has approved the transaction through which Aloref S.R.L. and Ascom International S.R.L. plan to acquire the production activity and assets related to the marketing of liquid sodium silica belonging to Ciech Soda Romania S.A.
Electrica (stock symbol: EL), a major player on Romania’s electricity distribution and supply market, will grant a loan of EUR253 million to the company Crucea Power Park (CPP) for the financing of the Crucea Est wind farm project in the communes of Crucea and Pantelimon (Constanta County).19531 items