2024 has proved to be a complicated year for the entire economy and the recruitment sector has felt the pressures. Next year will bring stagnation on Romania recruitment market, believes Andrei Frunza, CEO of bestjobs recruitment platform.
Evopack, a company that produces cardboard and paper packaging in a plant in Piatra Neamt, delivering to McDonald’s, Spartan, Mesopotamia or fast-food chain FryDay, will end this year with EUR8.7 million turnover. Exports had a 19% contribution.
Premier Energy (PE.RO), one of the largest natural gas suppliers in Romania, which also has renewable energy operations, on Friday notified the Bucharest Stock Exchange that its subsidiary Alive Renewable Holding Limited had completed acquisition of a 90% stake in Development Solar Power Energy SRL, which owns the ready-to-build rights for developing a 49 MW DC solar plant alongside a 16 MWh battery storage facility in Buzau County, Romania.
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has concluded an agreement with Libra Internet Bank for the granting of a credit facility amounting to EUR7 million, the company has announced in a stock market report on Dec.20, 2024.
Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental Hotel on Calea Victoriei in Bucharest. The boutique took both the space vacated by Gucci and the space next to it, ZF has found.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed its shareholders and investors in a report on Dec. 20, 2024 that Fitch rating agency has revised the company's Outlook to Negative from Stable, while affirming its Long-Term Issuer Default Rating (IDR) at 'BBB-'.
DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe.
Deloitte Romania assisted AQUILA, one of the leaders in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in its expansion on the Hungarian market through the acquisition of KITAX, one of the top five distribution companies in its sector.
The average budget for experiential gifts has reached RON550 in 2024, according to representatives of Complice.ro, the online store providing various packages containing multiple experiences for individuals and companies.
CEC Bank, the third largest bank in Romania by assets, is listing on Friday (Dec.20), on the Regulated Market of the Bucharest Stock Exchange (BVB) a EUR300 million issue of senior non-preferred unsecured bonds, eligible in the light of the MREL requirements.
Hospitality entrepreneurs and travel agencies are calling on Romania government to give up its plan of doing away with holiday vouchers starting next year, as stipulated by an emergency ordinance under discussion, warning such a decision will have an extremely negative impact over tourism businesses.
Romanians are more pessimistic in 2024 compared with 2023, reveals a survey conducted by EY, with 67% of respondents expecting the economic situation to worsen, 7% more than in the previous year.
Nusco, one of the leading and most active real estate market players, has sealed the partnership via which Hyatt will open its first hotel unit in Bucharest, in one of Romania’s largest urban regeneration projects, Nusco City.
Mihaela Matei, HR lead Romania, Türkiye, Cyprus and Serbia at DP World, one of the largest port operators globally, says the company expects to boost its number of employees in Romania by 10% in 2025.
Alex Melcovich BH SRL, a Merlins Beverages group company, expects to finalize the investment it has in progress in June, for which it will receive state aid through Government Decision No. 959/ 2022.
AROBS Transilvania Software (AROBS.RO). the largest technology company listed on the Bucharest Stock Exchange, has started the project of merger by absorption of three companies the group bought in the last three years – AROBS Development & Engineering, BERG Computers and Nordlogic Software, it said in a report to the Bucharest Stock Exchange on Thursday.
Romania had the highest annual inflation rate, of 5.4%, among European Union Member States, in November 2024, data from Eurostat, the statistical office of the European Union (EU), showed on Thursday (Dec.19).
D&B David si Baias, PwC's correspondent law firm in Romania, has assisted the Altex group, owned by Romanian entrepreneur Dan Ostahie, in its acquisition of the Brico Dépôt DIY store chain in Romania from Kingfisher plc.