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Florin Petolea, Chief Technology & Information Officer (CTIO) with Telekom Romania Mobile Communications since January 2023, has left the mobile telecom operator after a mandate of less than two years, the company said in an announcement.
HILS Development, an entrepreneurial company dedicated to responsible real estate development, announces the pre-certification of Green Homes for the HILS Sunrise project, marking a first for the eastern area of Bucharest and an innovation in the company’s portfolio.
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 2.6% in July 2024 compared to July 2023, data from Romania’s National Statistics Institute INS showed on Tuesday (Sept 3, 2024).
Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of 2024, data from the country's statistics board INS showed on Tuesday (September 3).
The shareholders of ROCA Industry, a Romanian construction materials holding, have recently approved the proposal to launch the company’s first bond issue program on the local capital market.
Cluster Power SRL, which operates one of Romania’s biggest data centers, located near Craiova, in 2023 registered RON8.1 million turnover, down 38% year-on-year.
Concrete prefab manufacturer Prebet Aiud, in the first six months of 2024 posted RON1.87 million net profit, from RON3.71 million in the same period of 2023.
FAN Courier, leader of Romania courier services market, ended the first half of 2024 with 15% higher turnover, in line with its budget, with e-commerce still its growth engine, according to the company’s officials.
One United Properties, one of the most dynamic investors and developers of housing, office and mixed-use projects locally, will include a museum dedicated to former Ford plant, as well as a food market concept in One Gallery project.
Mineral water producer Perla Harghitei expects turnover to rise by 20% this year, with growth also supported also supported by the high temperatures that boosted beverage sales.
Czech Republic’s PPF has announced the start of the office space project The Arc in the Orhideea area in Bucharest and chose Strabag as general contractor.
Rondocarton, part of Austria’s Rondo Ganahl Group, one of the largest corrugated cardboard manufacturers in Romania, has announced acquisition of the remaining 40% held by Offset Druckerei Schwarzach (ODS) in Rondo Offset, the former Transilvania Pack&Print (TPP) in Sura Mica, Sibiu County, so that it is now its sole owner.
The first Swissotel Hotel in Romania has opened in Poiana Brasov, its officials announced on LinkedIn. The hotel should have opened this spring, but work has only been completed recently. However, construction of the hotel was divided into two phases, so the opening came after the completion of the first phase.
Türkiye’s Tosmur Group, which owns the starch plant in Medgidia inaugurated in 2022, has reached 39% progress in implementing the doubling of the production capacity, a EUR75 million investment, Finance Ministry data show.
Average sale prices of apartments, both old and new, increased by 17% in August compared with the year-ago month, the latest data from Storia, the real estate platform of OLX, show.
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, shows that the activity in Romania’s manufacturing industry kept shrinking in August 2024, as companies continued to contend with weak demand conditions.
Hidroelectrica (H2O.RO), the largest electricity producer in Romania, has signed contracts with the consortium formed by Hidroserv and UCMH for the modernization of the Vaduri, Remeţi and Arceşti hydroelectric plants.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of 2024 with EUR23.2 million net profit, an increase of more than 17% on the EUR19.7 million in the year-ago period.
Romania's Finance Ministry raised RON945.2 million from banks on Monday (Sept 2), selling government paper in two auctions, at annual average yields of 6.23% and 6.65%, respectively.
Fitch Ratings has reaffirmed Romania's outlook at 'stable' and the local currency issuer default ratings (IDR) at 'BBB-'.19029 items