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Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.
Mediapost Hit Mail, the largest direct marketing company in Romania, has leased a 19,000- square meter space that includes storage and office space in the Chitila Logistics Hub industrial park, developed by Global Vision and Globalworth.
CAPEX.com, a trading app for financial instruments founded by Romanian entrepreneur Octavian Patrascu, has announced the intention to merge with Germany's NAGA Group and to list on the Frankfurt Stock Exchange.
Building materials manufacturer TeraPlast Bistrita (TRP.RO) notified the Bucharest Stock Exchange on Tuesday evening that it had bought the majority stake in Palplast in Calarasi, Republic of Moldova. The company owns two production lines for high-density polyethylene pipes for water and gas supply networks.
Perfumery brand Obsentum has opened its first store in northeastern Romania in Iasi, in the Palas shopping center, and has reached a network of nine niche perfumeries in the country.
Real estate consulting company Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Creţu, a specialist with 18 years of multinational corporate experience.
2023 was the year in which candidates' desire to find a new job was strongly felt on the labor market, while, for employers, a tempering of efforts to expand their teams set in.
A new bond issue worth RON1 billion, issued by the Romanian Commercial Bank (BCR), one of the most important financial groups of Romania, started trading on the Bucharest Stock Exchange on Tuesday (Dec 19, 2023).
Park Properties, the developer of SunLake Residence compound located on the shores of Fundeni lake of Bucharest, has acquired two land plots on the shores of Pipera and Balotesti lakes for new housing compounds.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, has signed a contract with Volta X Solar Systems (Volta X), a local provider of turnkey solutions for photovoltaic systems, energy efficiency, energy storage systems and EV charging stations.
More than half (52%) of Romania employees plan for a career change in early 2024, motivated by the need of a wage increase, while another 27% remain open to this possibility, but do not have a concrete plan, reveals a survey conducted by online recruitment platform Bestjobs.
Drum Concept, a construction firm of Bucharest, boosted its business fifteen times in four years, ending 2022 with RON215 million turnover.
Agricola group, one of the biggest players in Romania’s food industry, mulls building new ready-meal plant, with investments revolving around EUR40 million.
Real estate developer One United Properties (ONE.RO) has announced in a stock market report on Dec 18 the conclusion of a credit facility agreement with Alpha Bank Group, with a total value of up to EUR30.5 million.
The shareholders of Romanian natural gas producer and supplier Romgaz (SNG.RO) have approved an increase of the company's share capital by RON3.47 billion by issuing 3.47 billion shares, with a nominal value of RON1 per unit.
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with more than RON500 million (EUR100 million) revenue, more than double last year, its officials say.
Romania's Finance Ministry raised RON1.16 billion from banks on Monday (December 18) selling bonds with a nominal value of RON400 million due in April 2031, at an annual average yield of 6.46%.
The year 2023 was a year of consolidation and maturity for Kaufland Romania, when the retailer continued to expand fast, by opening 13 new hypermarkets, says Valer Hancas, communication and corporate affairs director.
Ferma cu Omenie, a dairy producer based in the locality of Unirea (Alba County), plans to open a new store in Cluj-Napoca, in 2024.
BRD has granted EUR16 million financing to corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) for the construction of a solar photovoltaic (PV) park with an installed power of 20.5 MW.19501 items