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After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy, as per Coface Country and Sector Risk Barometer – Q4/2023.
Turkish agri fintech Tarfin is readying to launch Tarfin PRO platform in Romania in a bid to streamline the supply process, according to the company’s officias.
Pehart Grup, one of Southeastern Europe’s largest paper producers, is set to enter the Away from Home product market, under Sovio brand, in the wake of an over EUR8 million investment in a new production line.
Real estate developer One United Properties reported residential sales and pre-sales worth EUR274.9 million in 2023, up 63% from 2022.
The Bucharest Stock Exchange (BVB) gained over RON7.09 billion in capitalization last week, while the value of share transactions decreased by RON132.58 million compared to the previous week, in line with data published by the BVB.
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (February 5), selling government paper in two auctions, at annual average yields of 5.96% and 6.33%, respectively.
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter of 2022, data from the country’s statistics institute INS showed on Monday (Feb 5).
Natural gas and electricity distribution company Delgaz Grid has developed the gas distribution network in the localities of Hudum, Manastirea Doamnei and Agafton (Botosani County), which have benefitted from gas supply since the end of 2023.
Deloitte holds the sixth spot in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most valuable and strongest commercial services brand, according to the 2024 edition of the “Brand Finance 500” report, which calculates brands’ value based on indicators such as market performance, marketing strategy and investment, as well as perception and reputation among clients, employees and other stakeholders.
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, ended 2023 with turnover worth RON33.7 million (RON167.8 million), up 38.7% from the previous year, according to the company’s representatives.
JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday, reaching 139 units locally.
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with this being the last financial investment company at the BVB to undergo such as rebranding process.
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by 35-40% amid rising demand, especially from abroad, according to the company’s officials.
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.4% in December 2023 compared to December 2022, data from Romania’s National Statistics Institute INS showed on Friday (February 2, 2024).
Romanian natural gas producer and supplier Romgaz (SNG.RO) plans to sell EUR500 million worth of bonds in the second half of 2024 in order to finance the Neptun Deep project in the Black Sea, alongside OMV Petrom, the largest integrated energy company in South-Eastern Europe.
New car registrations in Romania increased by 4.15% on the year to 12,733 units in January 2024, in line with data released on Feb 2 by Romanian carmakers’ association ACAROM and the General Directorate for Driving Licenses and Vehicles Registration (DGPCI).
The National Battery Recycling System Association (SNRB) and Ecowes, the battery collection and recycling company from Romania, become partners alongside Redivium Australia in a feasibility study project for the construction of a lithium-ion battery recycling facility in Romania.
China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention to lay off almost 40% of the 1,000 employees at its refrigerator factory in Aricestii Rahtivani (Prahova County).
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and Eastern Europe (CEE) region in the second half of 2024 if interest rates in the euro area start moving lower.19990 items