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Romania will be able to position itself as a research and innovation hub in the next decade, Murat Buyukerk, CEO of the largest local home appliances manufacturer, Arctic, believes.
French-held retailer Carrefour has expanded its convenience store chain in Romania in 2023, reaching 162 Express units following 22 store openings across nine towns and cities.
Romania’s finance ministry has launched on Monday (Dec 18) a new edition of the TEZAUR Treasury bills (T-bills) program for the general population.
The Bucharest Capital Markets Practice of global law firm Clifford Chance, coordinated by Partner Madalina Rachieru-Postolache, advised for on four equity and bonds transactions successfully concluded in November – December 2023, with a combined value of almost EUR1 billion.
Engie Romania, the largest natural gas distributor and supplier on the local market and a part of French utility Engie, said on Monday (Dec 18) that it plans to build a 37.2 MWp solar photovoltaic (PV) park in the Aricestii Rahtivani commune, the southern Prahova County.
Romania recorded an 86% increase in the number of FDI (foreign direct investment) projects in 2022, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.
The capitalization of all 371 companies listed on the Bucharest Stock Exchange (BVB), both on the Regulated Market (RM) and on the Multilateral Trading System (MTS), reached an all-time high, at over RON301 billion, at the end of the first 11 months of 2023.
Regina Maria network, the second largest player on Romania’s private healthcare market by turnover, has opened a medical center in Timisoara in the wake of a EUR8 million investment.
Oves Enterprise, a Cluj-Napoca-based company specializing in software development, is set to expand internationally and is opening its first office in Norway, Oslo, the seventh launched abroad in the past two years.
A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, reveals a Sierra Quadrant survey.
Real estate developer One United Properties has finalized the acquisition of former Ford plant, a historic landmark that will be turned into a commercial development, One Gallery, with the deal being sealed with Auchan Romania.
Online fashion retailer Answear has managed to boost its Romania business by 20% this year, reaching over 400,000 clients locally, 10% more than in 2022.
Green power producer Hidroelectrica (H2O.RO) has called shareholders for a meeting on January 22, 2024, to approve the acquisition of the business from UCM Resita SA and the establishment of a company to handle the transfer of business called „Uzina de Constructii Masini Hidroenergetice S.R.L” with a share capital of RON119.7 million and ‘Manufacture of engines and turbines (except for aircraft, vehicles, and motorcycles)’ as its core business.
Fondul Proprietatea (FP.RO) has announced in a stock market report on Dec 15, through its sole manager Franklin Templeton, that private pension fund Fondul de Pensii Administrat Privat Metropolitan Life reached an ownership stake of 4.1% of the share capital of FP, respectively 3.55 billion voting rights.
Electricity supplier and distributor Electrica (EL.RO) has informed its shareholders and investors on Friday (Dec 15) that, during its meeting on December 14, 2023, the company's Board of Directors approved the Corporate Strategy of Electrica Group for 2024-2030.
German non-food discounter TEDi has opened a store in Piatra Neamt, within Galleria Mall, thus reaching a network of 32 units in Romania.
Frech retailer Decathlon has open its first store in Ramnicu Valcea, located within the Shopping City Ramnicu Valcea mall, reaching a network of 31 units countrywide.
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has inaugurated a new transformation station, in the locality of Leordina (Maramures County), on Friday (Dec 15).
Romania’s industrial sales (on the domestic and external markets) increased by 2.5% in nominal terms in October 2023 compared to September 2023 and by 3.1% versus October 2022, data from the country’s statistical office INS showed on Friday (December 15).19501 items