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Aldis, one of the largest meat processors in Romania, plans to make a more than EUR20 million investment in boosting production capacity. The company submitted a RON103 million (over EUR20 million) project to get RON61.9 million (more than EUR12 million) state aid via the INVESTALIM scheme.
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, significantly slowed down expansion in Romania in 2023, the year when its parent group negotiated and announced takeover of retailer Profi, which operates solely in this country. The EUR1.3 billion deal (Pre-IFRS) is now under review by the Competition Council.
Lensa, one of the leading actors on the eyewear market in Romania, has recruited executive Gabriel Cubatov as chief commercial & acquisition officer.
Romania ended 2023 with a record high of new labor contracts, nearly 100,000 more than in 2022, the country's labor ministry said in a statement.
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, remained unchanged at 6.14% on Thursday (Jan. 18, 2024) compared to Wednesday (Jan. 17), after several sessions of decline.
Transilvania Construcţii has recently completed the construction of its new logistics park, namely, TRC Park Bacau, a project which engulfed over EUR15 million.
Germany's Bosch Group is expanding its activity on the Romanian market by establishing a new company in Timisoara, Bosch Global Business Services SRL, which previously operated as a division of Bosch Service Solutions, active since 2007.
Romania's finance ministry on Thursday (January 18) raised RON900.3 million selling discount treasury bills maturing in January 2025, at an annual average yield of 6.01%.
2024 looks quite optimistic for Romania’s economy and, by extension, for the local real estate market, Colliers consultants predict in ”Top 10 Predictions Romania 2024” report.
Nearly 70% of Generation Z employees say they need for at least three days a week in the office, with 62% already working full time from the office, as revealed by a survey of 1,208 multi-generational respondents nationwide, conducted by Genesis Property.
Tei Group, which owns Farmacia Tei and Bebe Tei retail chains, has rented about 2,400 square meters in ElectroPutere Mall in Craiova, held by France’s Catinvest.
Global security and aerospace company Lockheed Martin and Aerostar Bacau (ARS.RO), which is already doing maintenance for Romania’s F-16 fleet, have inaugurated a maintenance and repair center for S-70 Black Hawk helicopters in Bacau.
Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by joining the Beneficiary Name Display Service (SANB), provided by TRANSFOND.
One in four buyers purchase their cars online, but dealerships remain crucial for the transition to electric vehicles (EVs), according to the latest EY Mobility Consumer Index (MCI).
Law firm Filip & Company law firm assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, in finalizing the acquisition of BCR Chişinau S.A. from Banca Comerciala Romana S.A.
Starting from January 18, 2024, Cluj County Council is present on the Bucharest Stock Exchange (BVB) with its first issue of bonds, the local stock market announced in a press statement.
Ascendis Group, a leading player on the training and consulting market in the field of professional development in Romania, ended 2023 with turnover worth around EUR11 million, up 5%, reporting the best results in its 26-year history.
Furniture producer Spectral Mobila, with owns a plant near Barlad and a store network under the same name, ended 2023 with net turnover worth EUR6.7 million, up 16% from 2022, while its number of stores reached 34, after the company opened 11 units countrywide last year.
Romania ranks 14th in the EU by the number of new passenger cars registered in 2023, with a volume of 144,611 units, up 11.8% from 2022, out of which 15.368 were full-electric vehicles and 44,217 were hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.
Michelin Romania, part of French group Michelin, one of the world’s biggest tire producers, currently has 143 jobs available for the Zalau plant.19501 items