China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention to lay off almost 40% of the 1,000 employees at its refrigerator factory in Aricestii Rahtivani (Prahova County).
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and Eastern Europe (CEE) region in the second half of 2024 if interest rates in the euro area start moving lower.
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three years, mainly by improving thermal insulation and by reducing the energy consumption of devices, as per a survey conducted by Ipsos for ING, in seven countries.
Romania's energy ministry has announced the launch of Electric Up 2, a program that offers support to SMEs and the hospitality industry for the installation of solar PV (photovoltaic) panels and charging stations for electric vehicles.
Romanian authorities issued 2,550 residential building permits in December 2023, 5.6% fewer than in November 2023 and 5.2% fewer than in December 2022, data from the country’s statistics board INS showed on Friday (Feb 2, 2024).
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new issue of stock exchange bonds on Friday (February 2, 2024), in the amount of RON10 million.
Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private energy investor of Ukraine, for the construction of green energy project with a total power of more than 53 MW.
SeedBlink, a local company that has developed an equity crowdfunding platform for tech startups, present in several European countries, plans to shift its attention to DACH region in 2024 after having focused in 2023 on activities carried out on the markets of the Netherlands and southeastern Europe.
Bacau-based Simba Invest, a major consumer goods wholesaler locally, in 2023 registered turnover worth around EUR170 million, 26% higher than in 2022, in line with ZF calculations based on company and Finance Ministry data.
Bucharest’s Emerald medical center, part of Sofmedica group, which opened a second clinic in Iasi last year, bets on new clinic in Timisoara, specialized in neurology, cardiology and oncology, according to the company’s officials.
Hanea family started Andu Sports business almost 27 years ago, manufacturing pajamas in its own production line. Later on, the entrepreneurs shifted to production of tracksuits and sportswear. Today, the business is at the second generation of entrepreneurs and Andu Hanea is the one who took over the company’s reins.
The number of companies in Romania resorting to insolvency proceedings in 2023 remained unchanged compared to 2022 level, namely, at 6,650 firms, according to an analysis conducted by CITR, leader of the local insolvency and restructuring market.
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report on Feb.1 that it completed the second stage of the share capital increase, through private placement, and boosted its capital to RON248.7 million.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Thursday (Feb. 1) about the signing of a significant contract by Dendrio Solutions (part of the Cloud& Infrastructure pillar of Bittnet Group).
TeraPlast Group has announced on February 1 that, following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler Group from the Uhl family in Austria has been signed, as per a stock market report.
Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank data showed on Thursday (February 1).
Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in revenue in 2023 compared with the previous year.
Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average yields of 5.97% and 6.03%, respectively.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected its tenth solar photovoltaic (PV) power plant in Romania.
Real estate developer ONE has bought some real estate assets of Romaero from Hidroelectrica, where it will develop a project, called ONE Baneasa AirPark, which will include offices and hangars near Baneasa Airport.