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The Board of Directors of Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has called its shareholders for a meeting on February 28, 2024 to vote, among others, on the company's 2024 budget of revenue and expenditure.
Road freight carrier Dolo Trans Olimp (DTO), held by entrepreneur Cristian Dolofan, posted EUR97 million revenue in 2023 and expects 30% to 35% growth this year, its officials say.
Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the existing Tecadra Hotel located in the Pipera area (in northern Bucharest) into a hotel under the Handwritten brand.
Limitless Agency, one of Romania’s main digital marketing agencies, ended 2023 with a turnover of EUR4.25 million, up 31% compared to the previous year.
Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment volume made by its owner, businessman Omer Susli.
Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, launched in 2023 by entrepreneur Marius Dosinescu, said in a statement that it attracted a significant investment of EUR150,000 from Innovator Spark, a company recognized for its vast expertise in end-to-end software development, which is thus joining the shareholding structure of Aysa.ai.
Romania's Finance Ministry raised RON343 million from banks on Monday (January 22, 2024) selling bonds with a nominal value of RON500 million due in January 2038, at an annual average yield of 6.43%.
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a record high of 513,050 vehicles in 2023, 0.7% more than in 2022 and 22% more than in 2021, as per data from the country's carmakers association ACAROM.
Orange Romania announces plans to gradually phase out the 3G network starting June 2024, which will allow the company to concentrate its efforts on the development of the 4G/5G networks, as well as of other emerging technologies to meet the communication and Internet access needs for the years to come, its officials said in a press release.
Online retailer eMAG is launching a new online shop-in-shop, which is dedicated to pet products and groups more than 75,000 products from the retailer's own offer and that of more than 10,000 sellers present on the online commerce platform Marketplace.
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU average, in line with data from the country's statistics board INS.
After a period of three-four years in which real estate developers’ expansion plans were almost exclusively focused on retail parks, which accounted for over 80% of the new supply, located in cities with fewer than 50,000 inhabitants, a shift towards bigger cities was noticed in 2023, a trend which will continue on medium term at least, said Dana Radoveneanu, Head of Retail Agency at real estate consulting firm Cushman & Wakefield Echinox.
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study.
Romania’s M&A market in 2023 recorded 241 deals, with a total estimated value of $7.1 billion, up 6.1% from the 2022 value, even as the number of mergers and acquisitions was 6.2% lower, reveals a EY Romania analysis.
Prague-based Nano Energies has entered Romania’s market and is set to provide services as an independent electricity aggregator, via its local subsidiary Digital Energy Services Romania.
A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic meeting the institution has with Romanian authorities, reads an announcement signed by Geoff Gottlieb, IMF’s main regional representative for CEE.
Retailers are announcing ambitious expansion plans, with some networks intending to keep up the pace set last year, while others are stepping up. And this during a year where the first effects of major deals of 2023 are due to become visible.
United Business Center 3 (UBC) office building in the Palas complex in Iasi developed by the Iulius Group will have a coworking space for the business community in the city as of the second quarter this year.
Passenger traffic on Romania’s airports reached 25 million people in 2023, an increase of 17% on the previous year, data from the Romanian Airport Association (AAR) show.19501 items