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The Bacau-based door and window trim manufacturer Barrier, owned by Adrian Garmacea, completed investments with a total value of EUR15 million in 2022, and has set other development plans for 2023.
Approximately 500,000 square meters of office spaces are unoccupied in capital city Bucharest, reflecting a vacancy rate of 15.2%, and the highest availability is reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets, as per data from real estate consulting firm Cushman & Wakefield Echinox.
Low-cost airliner Wizz Air carried 8.5 million passengers from and to Romania in 2022 and half of them were carried from and to capital city Bucharest.
Libra Internet Bank, a member of U.S. investment group New Century Holdings, is opening a subsidiary in Pipera, one of the most dynamic development areas in capital city Bucharest, reaching a 55-unit network across Romania.
Romanian tech startup Kubeark, an open and infrastructure-agnostic platform aiming to support enterprises fix their scalability, delivery and lifecycle management challenges, raised $2.8 million in a pre-seed funding round, company representatives said in a statement.
Citi has announced the appointment of Mihaela Penes to the position of Director of Treasury and Financial Markets for Romania and Bulgaria.
Romania's foreign exchange reserves stood at EUR50.2 billion on January 31, 2023, higher by EUR3.56 billion versus December 2022, central bank data showed Wednesday (Feb 1).
The shortage of skilled workers has been a problem affecting European manufacturers for several years, and estimates show that by 2050 the European labor market will lose 91 million employees, of which over 2.7 million in Romania.
Romania’s finance ministry will be launching new government bond issues for the general population only, on Friday (February 3, 2023), through the TEZAUR program.
January 2023 recorded 15% more job openings and 34% more job applications compared to January 2022.
Revenues of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by persisting high inflation, workforce challenges, cyber risk, and climate-related regulations, according to the Deloitte 2023 Commercial Real Estate Outlook global study.
Romania’s unemployment rate stood at 5.6% in December 2022, higher by 0.2 percentage points than 5.4% in November 2022, data from the country’s statistics institute INS shows on Wednesday (Feb 1).
eMAG, the biggest online retailer in Romania, has got long-term funding worth almost EUR70 million from Alpha Bank, which will support the construction of a state-of-the-art logistic center near Budapest, Hungary, with a capacity of as much as 120,000 square meters, an over EUR100 million investment.
More than 6,700 companies entered insolvency in 2022, up 10% from 2021, but just 67 of them are major companies with assets of above EUR1 million, flat from the previous year, reveals a survey by insolvency specialist CITR.
Swedish furniture and home décor retailer IKEA has started the recruiting process for the more than 250 employees of the future store of Timisoara, which the company is set to open this summer.
Electroaparataj Targoviste, a marker of electrical equipment and electrotechnical accessories, has announced that during the February 1-28 period it will substantially reduce its activity and suspend labor contracts for most employees.
TeraPlast group in 2022 posted RON711 million turnover, up 16%, while its net profit slumped by 64% to RON15.4 million.
Vlad Mihail and Darius Lumperdean in 2019 opened Bear King restaurant specializing in wurstgers in Targu-Mures, in the wake of EUR85,000 investments and this year went abroad, opening a unit in London.
In 2023, Metro Romania development will be based on three pillars: the expansion of LaDoiPasi franchise (with the network set to go beyond 2,000 stores this year), service digitalization and attracting new business, both from the hospitality sector and from resellers.
eMAG, the largest online retailer in Romania, plans to raise the credit limit for its registered customers and increase the number of installments in which they can repay their loans, a move prepared in partnership with payment processor PayU, part of the same group.19015 items