Real estate developer Impact Developer & Contractor (stock symbol: IMP) has concluded an agreement with Libra Internet Bank for the granting of a credit facility amounting to EUR7 million, the company has announced in a stock market report on Dec.20, 2024.
Louis Vuitton, one of the biggest names in the luxury industry, has opened a new store on the ground floor of the Athénée Palace Intercontinental Hotel on Calea Victoriei in Bucharest. The boutique took both the space vacated by Gucci and the space next to it, ZF has found.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed its shareholders and investors in a report on Dec. 20, 2024 that Fitch rating agency has revised the company's Outlook to Negative from Stable, while affirming its Long-Term Issuer Default Rating (IDR) at 'BBB-'.
DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe.
Deloitte Romania assisted AQUILA, one of the leaders in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in its expansion on the Hungarian market through the acquisition of KITAX, one of the top five distribution companies in its sector.
The average budget for experiential gifts has reached RON550 in 2024, according to representatives of Complice.ro, the online store providing various packages containing multiple experiences for individuals and companies.
CEC Bank, the third largest bank in Romania by assets, is listing on Friday (Dec.20), on the Regulated Market of the Bucharest Stock Exchange (BVB) a EUR300 million issue of senior non-preferred unsecured bonds, eligible in the light of the MREL requirements.
Hospitality entrepreneurs and travel agencies are calling on Romania government to give up its plan of doing away with holiday vouchers starting next year, as stipulated by an emergency ordinance under discussion, warning such a decision will have an extremely negative impact over tourism businesses.
Romanians are more pessimistic in 2024 compared with 2023, reveals a survey conducted by EY, with 67% of respondents expecting the economic situation to worsen, 7% more than in the previous year.
Nusco, one of the leading and most active real estate market players, has sealed the partnership via which Hyatt will open its first hotel unit in Bucharest, in one of Romania’s largest urban regeneration projects, Nusco City.
Mihaela Matei, HR lead Romania, Türkiye, Cyprus and Serbia at DP World, one of the largest port operators globally, says the company expects to boost its number of employees in Romania by 10% in 2025.
Alex Melcovich BH SRL, a Merlins Beverages group company, expects to finalize the investment it has in progress in June, for which it will receive state aid through Government Decision No. 959/ 2022.
AROBS Transilvania Software (AROBS.RO). the largest technology company listed on the Bucharest Stock Exchange, has started the project of merger by absorption of three companies the group bought in the last three years – AROBS Development & Engineering, BERG Computers and Nordlogic Software, it said in a report to the Bucharest Stock Exchange on Thursday.
Romania had the highest annual inflation rate, of 5.4%, among European Union Member States, in November 2024, data from Eurostat, the statistical office of the European Union (EU), showed on Thursday (Dec.19).
D&B David si Baias, PwC's correspondent law firm in Romania, has assisted the Altex group, owned by Romanian entrepreneur Dan Ostahie, in its acquisition of the Brico Dépôt DIY store chain in Romania from Kingfisher plc.
EIT InnoEnergy, supported by the European Institute of Innovation and Technology (EIT), a body of the European Union, announces the appointment of Mikołaj Budzanowski as its new Board Member and CEO of EIT InnoEnergy Central Europe, effective January 2025.
Allianz-Tiriac, the second largest insurer in Romania, ended the first nine months of 2024 with a sales volume of RON2.7 billion, up 6% from the same period of 2023.
Romania’s real estate market is readying to end a mixed year in terms of results, characterized by strong infrastructure activity, significant investment rebound, but also a disappointing economy, with a lower-than-expected GDP increase, according to Colliers consultants.