Five-star Radisson Blu Hotel in Cluj-Napoca, developed by Winners Park Invest and opened in the summer of 2022, operated at 58% occupancy in September and October 2024 and budgeted EUR7.7 million revenue for the entire year.
Vegetable oil producer Argus Constanta (UARG.RO) reported operating revenue of RON155.7 million for the first nine months of 2024, up 15.6% year-over-year, and operating expenses of RON170.2 million, down 15.9% on the year.
Entrepreneurial company Grup Serban Holding (GSH.RO), which operates in agriculture, has called shareholders for an extraordinary general meeting on December 16, when they are asked to vote, among others, on getting an EUR73 million loan from BRD-Groupe Société Générale (BRD.RO).
Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA Astera, an investment put at EUR65 million.
OmniaGusti, one of Romania's largest suppliers on the confectionery raw materials market, is entering the HoReCa (Hotel, Restaurant, and Catering) segment and expects an increase of over 40% in its 2024 turnover.
Greece's AKTOR Group of Companies sees Romania as a key market in the coming years and plans to boost its portfolio in the local market by participating in new infrastructure projects within its investment plan of EUR2 billion which was recently unveiled in Athens.
GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, has established a new company in Romania.
Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains as they try to make their disposable income stretch further, according to the latest EY Holiday Shopping Survey.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) recorded a turnover of RON152.8 million in the January-September 2024 period, down 50.5% compared with the same period of 2023, the company announced in its quarterly financial report sent to the Bucharest Stock Exchange.
Romania's trade balance posted a deficit of EUR23.5 billion in January-September 2024, higher by 15% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (Nov 11).
OMV Petrom, Romania’s main oil and gas producer, has signed an EPCC-type contract to start the construction of the photovoltaic park of Isalnita, Dolj, which will have an annual production of 130 GWh and installed capacity of around 89 MWp.
Real estate developer One United Properties registered RON1 billion turnover in the first nine months of 2024, down 10% from the year-earlier period, and a RON298.6 million net profit, 13% lower.
In 2023, Romania’s game development industry posted EUR317 million turnover, down 6.6% from 2022, in line with data provided by Romanian Game Developers Association.
Sibiu-based Nicolaus Com, one of the most dynamic freight carriers locally, founded in 1996 by Bogdan Nicolae, will open a four-star boutique hotel, with a spa center and 32 rooms, next year, an investment put at EUR6 million.
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact, 12 hours into the campaign, eMAG recorded sales of RON800 million.
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON3.9 billion consolidated net profit in January-September, an increase of 70% on the year-ago period, while operating income was 29% higher at RON7.22 billion, as a result of organic growth and acquisitions.
TeraPlast Group has inaugurated this week its new Opal stretch film factory located in the Saratel Industrial Park following a total investment of EUR18.5 million, of which EUR5.3 million represents state aid.
Electricity supplier and distributor Electrica (stock symbol: EL) on Nov 8 received the approval of shareholders for several projects, including a bond issue and a syndicated loan, with the aim of implementing development measures.