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Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most active real estate developers on the Bucharest residential market.
Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter of 2022, data from the country's statistics board INS showed on Tuesday (Dec 6).
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to October 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (November 5, 2023).
Bucharest Stock Exchange recorded three DEALS transactions with 47.85 million shares in real estate developer One United Properties (ONE.RO) worth RON43.3 million at 2:22 p.m. on Tuesday, December 5, 2023, Bucharest Stock Exchange data show.
Bucharest Stock Exchange investors, either retail or institutional and maybe even Pillar II private pension funds, put in orders to sell 3.28 billion Fondul Proprietatea (FP.RO) shares in the Fund’s buyback offer, which pays a premium on the trading price. Following the acquisition, the Fund will cancel these shares.
Nuclearelectrica and Framatome have announced the signing of a cooperation agreement to explore the possibility of producing the medical isotope Lutetium-177 at the Cernavoda nuclear power plant.
A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey.
A team of deal specialists of PwC Romania and lawyers of D&B David si Baias assisted the shareholders of Paola Confectii in the sale of the business to Canadian group Canada Goose.
Shipbuilder Santierul Naval Orsova has sealed a EUR2.6 million contract for the construction of a river ship for Gebr.DE JONGE Shipbuilding Services of the Netherlands.
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, currently has 50 jobs available at the plant of Nadab locality, located around 40 km from Arad county.
CloudCart, the professional eCommerce-as-a-service platform, has launched CloudIO, an innovative AI solution available to all 1600 customers – online merchants across seven countries, including Romania, where the company operates.
Made by Society, the former Vagabond Studio, one of the most powerful Romanian fashion brands by sales and size of the retail chain, plans to expand to Poland, after having opened stores in the UK and Bulgaria. Expansion in Poland will be done both directly and via franchisees.
Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended the first nine months of 2023 with a turnover of nearly RON820 million (EUR165.6 million), down 3.5% from a turnover of RON850 million (EUR172.4 million) reported in the same period of 2022, as per company data.
New car registrations stood at 132,538 in January–November, an increase of 13.4% on the year-ago period’s 116,891 units.
Spectral Mobila, a furniture manufacturer of Tutova (Vaslui County), has opened 11 new stores in 2023, a record number for the company, thus reaching 34 units across Romania, according to its manager, Dan Dodita.
The European Commission has approved EUR33.9 million from the European Union Solidarity Fund (EUSF) to support Romania in addressing the extensive damages caused by droughts and wildfires in 2022.
Romania’s Competition Council on Monday announced it was reviewing the deal whereby travel agency Christian Tour intends to take over AnimaWings Aviation, a company specializing in charter flights.
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (December 4) selling bonds with a nominal value of RON500 million due in 2027, at an annual average yield of 6.58%.
All seven mandatory private pension funds in Romania, known as Pillar II, the largest investors at the Bucharest Stock Exchange and the second largest buyer of bonds issued by the finance ministry, after the banking system, in October 2023 increased their ownership stakes in companies listed on the local capital market, in line with data aggregated by Ziarul Financiar (ZF) daily.
Romania's foreign exchange reserves stood at EUR58.89 billion at the end of November 2023, higher by EUR700 million than EUR58.18 billion at the end of October 2023, central bank data showed on Monday (December 4).19080 items