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Romania's finance ministry on Tuesday (May 21) taps external markets for the third time in 2024, selling euro-denominated bonds with 8 and 13-year maturities.
The project to extend Line 4 of Bucharest subway that runs from Straulesti to Gara de Nord to Gara CFR Progresul (Progresul train station) will generate new development opportunities in the south of Bucharest, iO Partners, a real estate consultant based in Vienna, notes in a report.
Romania's real estate investment market ended the first quarter of 2024 with transactions of EUR202 million, 69% more than in the same quarter of 2023, with deals in the retail segment accounting for around two-thirds of the volume, as per Colliers' "CEE Investment Scene Q1/2024” report.
The number of job vacancies reached 35.0 thousand in the first quarter of 2024, marking an increase of 1.7 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Tuesday (May 21).
Half of working women experience a higher stress level than a year ago, and a similar share (49 percent, higher than 2023) say they don’t feel supported by their employer to balance work responsibilities with personal life commitments, as per the Deloitte Women @ Work 2024 study, conducted globally.
Some of the suppliers of footwear retailer Benvenuti closed the factories they had in Romania and moved them to countries where wages are lower, says Adrian Cazu, Benvenuti’s development & retail manager.
Local IT&C company certSIGN, which provides cybersecurity and electronic signature services among others, posted RON102.3 million revenue in 2023, up 33% from the previous year, Finance Ministry data show.
BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the process of selling its entire loan portfolio.
Angelli Spumante & Aperitive, one of the largest players on the sparkling wine market, ended 2023 with a turnover of RON78.8 million (EUR15.95 million), up 10% from RON71.6 million (EUR14.5 million) in 2022, as per finance ministry data.
Cristian Oradan, an executive with 14 years of experience within cold cuts producer Elit, took over the position of Chief Executive Officer (CEO) of the company, starting with April 1, 2024.
Porsche Inter Auto has started work on the project of a new center for the Porsche brand in Cluj, which will be located near the airport. It will have both a showroom and a service center and is expected to be completed in 2025.
Deutsche Bahn (DB) Cargo Romania, the rail freight transportation unit of German giant Deutsche Bahn, ended 2023 with a turnover of RON500 million, higher than the RON356 million level reported in 2022, according to company officials and finance ministry data.
Paralela 45, one of the largest tour operators in Romania, ended 2023 with a sales volume of RON300 million, according to data provided by company representatives.
Consumer goods giant Unilever has invested EUR12 million in its ice cream factory in Suceava over the last four years and plans to invest another EUR4 million in 2024 and 2025.
Remix Global EAD, part of US company ThredUp Inc. – one of the largest online resale platforms for apparel, shoes, and accessories, has appointed Florin Filote to the position of General Manager of the European operations.
Romania’s insurance market has grown a lot and more than doubled in the past decade, while its main segments have either performed the same or tripled or grown ten-fold, like the life insurance business did.
In March 2024, the volume of construction works increased, in unadjusted data, by 43.7% compared to February 2024 and was up 9.1% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Monday (May 20).
The operating leasing market in Romania grew by 12% to 89,500 units under management in 2023, of which more than 90% are full service, according to the estimates of the Association of Operating Leasing Companies (ASLO), which comprises nine of the leading companies in the sector.
Recent crises have produced profound changes in all aspects of the business world, and the need for speed and flexibility of operations has added new categories of risks in the area of financial crime.
Romania's Competition Council approved the transaction whereby Abator Peris S.A. intends to take over the companies Almado Total Distribution S.R.L., Cathedral Distribution S.R.L. and Policalita S.R.L. by Abatorul Peris.19029 items