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PPC Group (Public Power Corporation) has announced that it has signed an agreement with Evryo Group, owned by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania, which comprises 629 MW RES (renewable energy sources) in operation, and about 145 MW in pipeline assets.
Romania continues to rank third among European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price of EUR1,504/sqm in 2023 for a new home, slightly up from EUR1,461/sqm in 2022, in line with Deloitte Property Index 2024 survey conducted on the basis of data from the main cities of 24 countries.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, reported residential sales and pre-sales of 123.3 million euros in the first half of 2024, up 2% from the year-earlier performance.
Romanian entrepreneur Ferenc Korponay, known for having founded, developed and then sold Maravet petcare business, has entered the shareholding structure of PartnerVet together with Dragic family, founder of Superbet business.
Edenred Digital Center, the technology hub of Edenred group in Romania, has reached over 300 employees since its launch in Romania.
Altexpress, the courier and e-fulfillment services company founded in 2015 by Jordanian entrepreneur Maher Tarazi in Romania, estimates it will reach EUR2.5 million turnover by yearend, up over 50% from 2023.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is set to enter Hungary in January, as local consumption is falling and the producer is carrying out an investment in two new production lines.
Deltaica Seafood, which sells canned and prepared fish, ended the first half of this year with turnover similar with the H1/2023 level, though the company’s officials had expected growth after production capacity expansion investments.
Nitramonia BC, the company controlled by Eusebiu Gutu, Pambac owner, which manages Slobozia chemical compound, ended 2023 with RON2.4 billion, 15% higher than in 2022.
The Bucharest National Airport Company (CNAB), which manages Otopeni airport, has signed the contract for the modernization of Otopeni terminals.
Metropolitan Life Pensii Private, the third largest Pillar II private pension fund in Romania by assets, after NN Pensii and AZT Viitorul Tau, has entered the shareholding structure of Sphera Group (stock symbol: SFG), the company that manages KFC, Taco Bell and Pizza Hut restaurants locally.
Romania's finance ministry has announced that it will carry out a new issue of Fidelis government bonds for retail investors starting August 8 until August 20.
Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has announced in a stock market report on August 6 the conclusion of contracts with OMV Petrom (stock symbol: SNP) whose value individually exceeds 10% of the company's net turnover for 2023.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, the leading banking group in Italy, has concluded a partnership with the European Investment Fund (EIF) that guarantees up to EUR35 million in financing for Romanian companies.
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has invested EUR10 million in a chicken farm in Scornicesti (Olt County).
Italian group De'Longhi, one of the world's largest actors in the small household appliances manufacturing market, has inaugurated its third production facility in Romania, in Satu Mare.
Hili Properties plc, the real estate arm of Hili Ventures Ltd, has become the sole owner of the MIRO office project located in Baneasa and developed by Belgium's Speedwell, after having secured the remaining 25% shareholding of Baneasa Real Estate SRL, the company which owns the MIRO office building.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working days, in January-June 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Tuesday (August 6).
Meta Estate Trust, a holding company operating in the real estate field, has announced the completion of an over EUR750,000 in a project that matches the business early stage strategic line.19512 items