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The five-star, 270-room Sheraton Hotel in Bucharest expects revenue to increase 10% to 15% in 2024 compared with 2023, when the results were close to the 2019 level, a reference year in tourism.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has started the April 8-12 week flat at 6.05% a year, the same as last week.
Ryanair, which operates from airports in Bucharest, Cluj and Iasi, expects a 15% increase in the number of passengers carried to and from Romanian airports this year. Last year, Ryanair carried 3.1 million passengers to and from Romania and this year it expects 3.6 million.
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report on Monday (April 8) the appointment of Vasile Dascalu to the position of Chief Financial Officer (CFO), with a provisional mandate of five months, starting from April 9, 2024.
eMAG, one of the leading players on the online retail market in the region, is expanding its Genius delivery service to 300 new localities across 36 Romanian counties, company representatives said in a statement. .
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (April 8, 2024), selling discount treasury bills (T-bills) due in March 2025, at an annual average yield of 6.02%.
Law firm Filip & Company is expanding its team of lawyers and promoting one counsel and three senior associates this spring.
NEPI Residential, the residential division of Central and Eastern Europe's largest owner, developer and property manager of shopping centers, NEPI Rockcastle, announces the successful completion of Vulcan Residence, its first residential project, which marks an important milestone in the group's portfolio consolidation.
The office sector in capital city Bucharest shows a positive fluctuation in terms of total leasing activity, after the first three months of 2024, being 71% higher than in the same period of 2023, according to data from real estate consulting firm CBRE.
Imaging clinic network Medima has opened a new clinic, in Deva (in the central-western part of Romania), following an investment of approximately EUR1.7 million.
Power group CEZ, present in Romania for 19 years, is changing its name on the local market to EVRYO.
Aquila Part Prod, the market leader in the field of integrated distribution and logistics services for consumer goods, in Romania and the Republic of Moldova, has budgeted EUR16.9 million investments in 2024 in fleet and warehouse equipment renewal.
Visual Fan, an electronic device producer, owner of Allview brand, in its 2024 revenue and expense budget estimates its revenues will reach RON151.6 million at end-2024, up 13% from 2023. Net profit is expected to hit RON7 million, up 58%.
Real estate developer One United Properties during this year’s Capital Markets Day event announced its plan for 2030 envisages its expansion in three key fields: housing, office and retail and hospitality.
Romania’s state-owned natural gas supplier Romgaz, announced it signed three gas sale contracts for period April 1, 2024-April 1, 2025, totally worth RON2.2 billion.
EDP Renewables (EDPR), the Portuguese group that is a major player on the global green energy market, last month got the technical connection permit for two solar parks in Romania.
Marigab Com, of Turceni, Gorj county, controlled by local entrepreneurs, specialized in food retail, will build a hotel of around EUR8 million, with money from the Just Transition program.
Maracana, a company specializing in transport, warehousing, logistics and distribution services, has renewed its lease contract for 5,000 square meters at the MLP Bucharest West logistics park.
Romania's Competition Council is assessing the transaction through which Veolia Romania Soluţii Integrate S.A. intends to take over Nisal S.R.L.
Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures.19058 items