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The modern stock of industrial and logistics spaces exceeded 7 million square meters across Romania at the end of 2023, with almost 80% of the total stock being concentrated in three development regions, namely, Bucharest – Ilfov, West and South-Muntenia, in line with data from real estate consulting firm Cushman & Wakefield Echinox.
Plastic packaging maker Romcarbon (ROCE.RO) has informed the local capital market in a report on Wednesday (Jan. 31) that it sold 1.06 million shares of Aquila Part Prod (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods.
PPC Advanced Energy Services Romania (part of PPC Group, previously called Enel X Romania) carried out in 2023 through its e-City division, 40 street, pedestrian, and interior lighting projects with LED technology for city halls and public institutions in 19 counties in the country, including Bucharest.
For the first time in Romania, electricity supplier and distributor Electrica (EL.RO) is implementing a system of artificial intelligence (AI) algorithms that will have the ability to identify in real time the energy footprint of the main receivers in its headquarters, as part of an indirect monitoring process.
PET flakes plant Professional Recycle in Targu-Mures will triple its production capacity this year, following an investment of EUR20 million euros, its officials say.
Romania's government on Wednesday (Jan. 31) approved a memorandum through which electricity and heat producer Electrocentrale Bucharest (ELCEN) will be merging with heating distributor Termoenergetica.
Travel agency Aerotravel, one of the largest in Romania, ended last year with gross sales of RON180 million, an increase of 28% on the previous year, its officials say.
Bright Spaces is launching into a new real estate vertical with its online 3D visualization solution for industrial spaces.
Piping Logistics, a Belgian manufacturer of components for ventilation systems, will start production in a factory it operates near Timisoara in the first part of February. The opening was originally scheduled for 2023.
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report the closing of the second stage of the share capital increase operation, which resulted in the sale of 4.03% of the shares issued.
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to propose a reorganization plan and keep the right to manage its operations.
The net assets of the 249 domestic and foreign open-end and closed-end investment funds operating in Romania inched up 0.5% in December 2023 up to RON39.7 billion (EUR8 billion), but fell by 13.5% in 2023, the Association of Fund Managers (AAF) said in a statement.
The opportunities for mergers and acquisitions (M&A) in Romania will continue to attract more high-profile investors in 2024, and strategic industries remain in focus, according to the latest Clifford Chance M&A Trends 2024 report.
Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report.
The year 2023 was a chapter of unprecedented performance for the Romanian capital market, recording historical highs on several levels, such as the value of stock and bond transactions, average daily liquidity, stock market indices, market value of companies.
Employers have posted more than 26,000 jobs since the start of the year and of these, almost 5% have been remote ones, half the level of the year-earlier period, reveals an analysis by eJobs, the main recruitment platform in Romania.
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted investments worth around EUR0.5 million for the current year, flat from 2023, with a focus on boosting logistic activity efficiency, delivery speeds and developing the platform behind the online store.
Macromex, one of the largest local fast moving consumer goods distribution companies, reported a 10% increase in sales volumes in 2023 compared to 2022, due to growth in the HoReCa (Hotel, Restaurant, Cafes)/hospitality industry, while sales volumes in the retail sector decreased.
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns a 25% stake, ended 2023 with a consolidated turnover of EUR30 million, up nearly 15% versus 2022, according to company representatives.
Morphosis Capital Fund II, a growth capital fund, together with Vybros Capital Partners, a Belgian family funded permanent capital fund, as a co-investor, announces the signing of the agreement to acquire the majority stake in Mark Twain International School (IS), the first private education institution in Romania with a dual curriculum.19501 items