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Three supermalls with about 130,000 square meters of gross lettable area each are under construction in Romania, as the developers in this country are betting on the improving purchasing power of consumers.
Apparel manufacturer Secuiana based in Targu Secuiesc (Covasna County), ended 2024 with a turnover of RON51 million (roughly EUR10.3 million), up 10.5% versus 2023, in line with calculations by Ziarul Financiar (ZF) daily based on company data and finance ministry data.
German retailer Kaufland has inaugured on Thursday (Jan. 30) its second store in the town of Bragadiru (Ilfov County), thus reaching a network of 188 hypermarkets in Romania.
OMRO IFN, as part of the Filbo group, alongside Filbo Pay S.A. and Easybill Digital SRL, a Romanian company specialized in micro-crediting services and modern technological payment solutions, is listing on Jan. 30, under the Multilateral Trading System of the Bucharest Stock Exchange (BVB), the third issue of corporate unsecured subordinated bonds amounting EUR1.56 million and maturing in 2029.
Romania's Finance Ministry raised RON1.97 billion from banks on Thursday (Jan. 30), selling government paper in two auctions, at annual average yields of 6.98% and 7.45%, respectively.
The number of companies listed on the Main Market of the Bucharest Stock Exchange, which achieved maximum scores at the evaluation of investor communication, grew to 21 in 2024, compared with 16 companies in 2023, according to the Romanian Association for Investor Relations (ARIR).
The executive management of Exim Banca Romaneasca will be ensured by Traian Halalai as Executive President, and by Lidia Stan and Codin Nastase, who started their activity as Vice Presidents of the bank after being cleared by the National Bank of Romania.
Electricity supplier and distributor Electrica (stock symbol: EL) has announced in a stock market report that its Board of Directors appointed Mihai Diaconu to the position of Board Chairman, from February 1, 2025 until December 31, 2025.
Genesis Property, one of Romania’s leading office building owners, established by entrepreneur Liviu Tudor, has appointed Ionel Purice to the position of Chief Executive Officer (CEO).
Romania’s unemployment rate stood at 5.2% in December 2024, lower by 0.1 percentage point than 5.3% recorded in November 2024, data from the country’s statistical office INS show on Thursday (January 30, 2025).
Germany’s Lidl on Thursday opened three new stores, in Sibiu, Suceava and Bascov, for which more than 80 new jobs were created.
Real estate developers in 2024 finalized 14 retail projects, representing both new schemes and expansions of existing ones.
Pastry producer Senneville, an entrepreneurial business launched by David Alb in Timisoara, in 2024 posted EUR5.1 million turnover, up 38% from 2023, particularly amid rising sales in retail networks.
Romanian startup Examin, specializing in AI-powered automation and video analysis, plans to expand to the US.
Builder Bog’Art, owned by Raul Doicescu, in association with UTI Construction and Facility Management, controlled by businessman Tiberiu Urdarescu, and Drumuri Bihor, held by Beniamin Rusu, have finalized the construction of the new departures terminal of Satu Mare airport, an investment of RON311.8 million (around EUR63 million).
Radisson Hotel Group, one of the world's leading hotel chains, is eyeing several cities of Romania to open new hotels under one of its brands. Cities Radisson is looking at include Iasi, Craiova and Oradea.
Direct selling company Avon, one of the largest actors on the cosmetics market in Romania, expanded into retail last year, opening franchised stores.
Avioane Craiova (AVIO.RO), a Romanian aeronautical company, has called shareholders for a general meeting on March 6, when they are to vote on getting a loan facility to fund the day-to-day operation from Banca Comerciala Romana, the company said in a report to the Bucharest Stock Exchange.
Identifying how companies can turn their workforce into one of their strengths was the main area of analysis in the fifth edition of the global EYWork Reimagined study, which set out to uncover optimal models of collaboration between employees and employers.
PPC Renewables Romania, part of the PPC Group, has inaugurated a new control room adapted to handle a larger volume of installations in efficient conditions.19531 items