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Cluj-Napoca in the first nine months of 2024 registered a record high number of office space leasing deals, generating 825 of the area traded nationwide and volumes are estimated to be three times higher than in 2023 by yearend, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Natural gas and electricity distribution company Delgaz Grid, a member company of the E.ON Romania group, has starting October become the operator of the gas network in Remetea and Sineu localities of Harghita county, a 57 million investment.
New passenger car registrations in Romania rose by 4.3% in January-September 2024 against the same period of last year, to 115,509 units, while at EU level the number of new car registrations inched up by 0.3% to 7,993,829 units, in line with ACAROM and ACEA data.
Local startup easySales, which which set up an automated B2B management and e-commerce platform, has expanded to several countries in the region, being currently active, beside Romania, in Hungary, Bulgaria, Czechia and Poland.
Somarest Sibiu, part of LVMH group, the world’s leading luxury industry player, in 2023 posted turnover worth RON351.1 million (around EUR71 million), up 24.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Mondelez, the snacks industry giant including brands such as Milka, TUC, Oreo and Chipita in its portfolio, has invested around EUR30 million in Romania operations since 2022.
ThaiCo spa center network, with four units in Bucharest, is operating its first investment outside Bucharest, in Cluj-Napoca, in a location with a total area of over 400 square meters.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 21 that it called shareholders for a meeting on December 11 to vote on approving the guarantee for a term loan of up to EUR200 million that the company Distributie Energie Electrica Romania S.A. (DEER) will contract from the European Investment Bank (EIB) to finance the investment plan for the 2025-2027 period.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Oct 21 that the mandates of the Executive Board members will be extended from October 21, 2024 until October 20, 2028.
FAN Courier, leader of Romania courier services market, has signed a leasing contract for 4,500 square meters in the CTPark Deva logistics project.
Dutch-Belgian group Ahold Delhaize, the owner of supermarket and proximity store network Mega-Image, plans to hire 30 more IT experts by the end of 2024 at AD/01, the technology company launched in Bucharest in April 2024, as part of Ahold Delhaize’s brands family.
Romania's Finance Ministry raised RON990 million from banks on Monday (Oct 21, 2024) selling benchmark bonds, above the planned amount of RON500 million, at an annual average yield of 6.54%.
Speedwell Development, one of the most active real estate developers in Romania, announces the appointment of Andreea Comsa to the position of Commercial Director.
Nestlé Romania reported solid organic growth of 5.7% for the first nine months of 2024, which reflects the team’s commitment to delivering high-quality products and meeting the evolving needs of our consumers, stated Silvia Sticlea, Country Manager at Nestlé Romania, told an interview.
Dr. Max, a major player on Romania’s pharma market, has signed a leasing contract for 11,800 square meters in ELI Park Iasi, a project part of the portfolio of ELI Parks, one of the most dynamic developers on Romania’s logistics and industrial market.
Banks in Romania granted households and companies loans totally worth almost RON114 billion in January-August period, 28% more than in the same period of 2023, in line with data provided by the Romanian Banking Association (ARB).
AROBS Polska and AROBS Engineering, both part of AROBS group, the biggest tech company listed on the Bucharest Stock Exchange, have launched the “Close Proximity Operations Control Unit Development and Qualification” (CRIMSON) project, approved in 2024 and funded by the European Space Agency (ESA).
Real estate developer One United Properties has reported EUR190.6 million residential sales and pre-sales for the first nine months of 2024.
Electricity and electrical equipment producer Electromagnetica, has announced it wants to sell, via public auction, the entire the activity of production of electric vehicle charging stations, consisting of the entire activity of design, manufacture, operation and service related to the production of electric vehicle charging stations, technical documentation, materials, components and subassemblies, manufacture of charging stations, charging stations, ELMotion platform, at the minimum starting price of RON7 million, plus VAT.
Greek investment fund Bluehouse Capital, active on the market of Central and Southeastern Europe, has sold the space of former Eva store on Magheru boulevard, currently leased by Mega Image, to a local investor, in a deal valued at around EUR8 million.19990 items