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Knauf Insulation, part of Knauf Group, announces the start of glass mineral wool production at its new factory in Tarnaveni, Mures County.
Electromontaj SA has signed a 10-year partnership with Tennet BV, operator of Netherlands’ high voltage grid, envisaging the building of 400 kms of high-voltage power lines and the upgrading of 600 kms of already existing lines.
German group Rehau appointed Paul Chipriean as Country Manager for Romania in early 2025, while Alexandru Oprea will fill a strategic position at regional level.
Anglo-Dutch giant Unilever, one of the largest players on the consumer goods market, appointed Monica Tamas as General Manager of Unilever Romania and Moldova starting January 2025.
BASF Agricultural Solutions, one of the largest suppliers for the local plant protection product market, has a new country manager for Romania and the Republic of Moldova, Gabor Krasznai.
Catalyst Romania, the first local venture capital fund focused on investments in tech startups, plans to operate 4-5 new investments this year, thus reaching a portfolio of 14-15 companies linked to its second fund.
Local airports posted a new record high number of passengers in 2024, with 26 million persons transiting local terminals, up 6% from 2023, in line with data provided by the Romanian Airport Association.
Aquila Part Prod (AQ.RO), an integrated distribution and logistics provider for the fast-moving consumer goods market in Romania and Moldova, bought 100% in KITAX Kereskedelmi Korlátolt Felelősségű Társaság, registered in Hungary.
Romanian start-up VAUNT, which developed a platform that helps real estate developers with their sales and marketing processes, ended 2024 with 73 customers, which have more than 100 projects with a total value of more than one billion euros listed on the platform.
Romania's national grid operator Transelectrica (stock symbol: TEL) was notified on Jan. 20, 2025 that international rating agency Moody’s Investors Service had published the long term rating affirmation ”Baa3”, while keeping the outlook stable, the company has informed the shareholders and the interested parties in a stock market report on Jan. 21.
Vetex Farm, based in Bucecea, Botosani County, a broiler breeding complex owned by Sergiu Grosu, will increase its capacity by 30-40% to 150,000 chickens per batch. The total investment is EUR8.5 million, part of which comes from non-repayable EU funds.
Footwear retailer Benvenuti, majority controlled by local entrepreneur Dan Pavel, expects its 2025 turnover to hold at least at the 2024 level when it neared the RON200 million (EUR40 million) threshold.
AnimaWings, an airline held by the founders of Christian Tour, Cristian and Marius Pandel, will launch a new regular route between Cluj-Napoca and Bucharest on January 15, 2025.
Sales of houses and apartments increased by 7.6% in Bucharest-Ilfov region and by 6.6% across Romania, in 2024 compared to 2023, according to data from the National Agency for Cadaster and Real Estate Advertising (ANCPI), synthesized by real estate consulting firm SVN Romania.
In December 2024, 18.7% more homes were sold in capital city Bucharest than in November 2024, namely, a total 5,136 properties, compared to 4,326 units bought in the penultimate month of 2024, official data from the National Agency For Cadaster and Real Estate Publicity (ANCPI) showed on Tuesday (Jan. 14, 2025).
Libris.ro, one of the largest online book retailers in Romania, posted significant growth of its book sales volume of 21% in 2024 compared with 2023. The average order stood at RON135 in Romania and at RON240 abroad.
OMV Petrom (stock symbol: SNP), the largest company in Romania by turnover, reached total hydrocarbon production of 107.2 thousand barrels of oil equivalent per day, in the fourth quarter of 2024, settling flat against the previous quarter but dropping by 2.5% compared with the fourth quarter of 2023.
Law firm PeliPartners announces a series of promotions within the team, recognizing the expertise, dedication and collaboration that define the firm's organizational culture. Six lawyers have been promoted: four to partner positions and two have become managing associates, strengthening the team.
Finland's Wolt has completed the acquisition of Tazz, one of the leading delivery platforms in Romania, from eMAG, which marks Wolt’s entry into the Romanian market.
Romania's annual inflation rate stood at 5.1% in December 2024, remaining unchanged from the level recorded in November 2024, data from the country's statistical office INS showed on Tuesday (Jan. 14).19531 items