Nordis Group, a real estate developer of premium hotel and residential complexes, has started the delivery of apartments within the Nordis Mamaia complex used both as real estate investment and as hotel space.
Romania’s media and entertainment industry is expected to grow by 10% to a total EUR3.4 billion in 2022, taking it above the pre-pandemic level of EUR2.53 billion in 2019, with most segments expected to grow, according to the 23rd edition of the PwC “Global Entertainment & Media Outlook 2022−2026” (GEMO).
The Romanian capital market was influenced by the shock of the war in Ukraine, but the impact was smaller than the crisis generated by the emergence of the COVID 19 pandemic, and in the long run the stock market indices have been on an upward trend, a Financial Supervisory Authority (ASF) analysis of the first quarter of 2022 shows.
Pharmaceuticals group A&D Pharma – Dr.Max Group has leased over 5,000 square meters within the CTPark Craiova East industrial park, in a new building due to be completed by the end of 2022.
Meta Estate Trust, a holding company operating in the real estate sector, on Friday said Romania’s Financial Supervision Authority (ASF) approved its Initial Public Offering (IPO) prospectus.
Romania will have the 17th highest proportion of electric vehicle sales across Europe by 2035, with a total of 23.62% of newly registered cars predicted to be electric.
The mergers and acquisitions (M&A) market in Romania saw a number of 109 deals in the first half of 2022, an increase of 25% on the year-ago period, but the estimated value was lower, $2.5 billion instead of $4.2 billion, an EY analysis shows.
The African Industries Group (AIG) holding, present in Romania through investments in agriculture, distribution of agricultural equipment and real estate, has acquired the fitness center chain World Class Romania from Polish investment fund Resource Partners.
Romanian electro-IT retailer Altex forecasts a nearly 10% increase in its 2022 turnover, which translates into a slower rate than in the recent period due to the rampant inflation that has already started to reduce Romanians’ purchasing power.
New car registrations in Romania surged by 23.1% (the biggest increase in the European Union) on the year to 58.712 units in January-June 2022, placing the country 13th in the EU, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Friday.
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, has increased to 7.09% a year on Friday (July 15) from 7.05% a year on Thursday (July 14), as per central bank data.
Private healthcare provider MedLife (M.RO) has signed a deal to buy 99.7% in Muntenia Hospital established and run by SIF Muntenia (SIF4.RO), the group announced. The announcement comes one month after rival Regina Maria network issued a press release about buying the same hospital.
Real estate developer Impact Developer & Contractor (IMP.RO) listed on the Bucharest Stock Exchange has reached an agreement with RCTI Company to take over 51% of the latter’s shares.
Dacia Mioveni and Ford Craiova, the two car plants in Romania, manufactured 39,822 vehicles in May 2022, 11.59% more than 35,865 units in May 2021, data from the country's carmakers association ACAROM showed Thursday (July 14).
Online commerce of fast-moving consumer goods reached 40% penetration among households in Romania in 2021 and has the potential to reach a further 1.8 million households in the medium and long run, a survey by market research company GfK Romania says.
Linde Gaz Romania, the local subsidiary of the German-American industrial group Linde Plc., the largest supplier of industrial gases in the world, reported a net profit of RON236.6 million (EUR48 million) in 2021, up 44.4% from RON163.8 million (EUR33.8 million) in 2020, as per finance ministry data.
International freight forwarding and logistics group International Alexander based in Arad had a turnover of RON502 million (EUR102 million) in 2021, up 16% from RON432 million (EUR89.3 million) in 2020, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Carrefour Romania on Thursday (July 14) announced a series of strategic appointments in the company’s Board following the promotion of two key business leaders.
Eight in ten Romanians believe that climate change is caused by human activities and 67% of them have already adjusted their purchasing behavior to limit the negative impact on the natural environment, according to the Deloitte study Sustainable Actions Index, conducted in 26 countries.
Furniture maker and retailer Mobexpert, held by entrepreneur Dan Sucu, together with real estate developer Global Vision, founded and run by Sorin Preda, are teaming up to develop and equip office spaces for Romanian small and medium-sized enterprises (SMEs).