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Investments in commercial real estate assets in Romania reached a record high in 2022, of over EUR1.2 billion, the highest level since 2007, a significant increase compared to the usual average volume of about EUR900 million that Romania has had from 2014 to date, according to a report by real estate consulting firm Colliers.
Hospital and medical center network Arcadia, which operates in Moldavia, inaugurated the Medical Rehabilitation Hospital (Spitalul de Recuperare Medicala) in Iasi in 2022, following a more than EUR20 million investment.
Lucian Anghel, who ran Banca Romaneasca from January 2020 until December 2022, has taken over the position of Chief Risk Officer at EximBank after the completion of the merger between the two banks.
The net flow of foreign direct investment (FDI) stood at EUR10.2 billion in January-November 2022, Romania’s central bank said in its latest statement.
Romania's current account balance posted a deficit of EUR25.34 billion in January-November 2022, higher by almost EUR10 billion than EUR15.66 billion in the same period of 2021, central bank data showed on Friday (Jan 13, 2023).
New car registrations grew by 6.8% in 2022 versus 2021 and registrations of “electrified” vehicles increased by 49%, seeing a 21.7% market share, according to data released by the Automotive Manufacturers and Importers Association (APIA) on Friday (Jan 13, 2023).
Following several years of constant global instability, people are gaining greater access to emerging technologies — including AI, web3, and tokenization — which is advancing the next generation of creativity, community and data privacy, according to the Accenture Life Trends 2023 report from Accenture.
Romania’s industrial production fell by 1.1% in unadjusted data in January-November 2022 versus the same period of 2021 and by 1.6% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed on Friday (Jan 13, 2023).
The vast majority of CEO respondents (98%) are bracing for an economic downturn characterized by geopolitical tensions, supply chain disruption, and ongoing COVID-19-related uncertainty, but appear split on its length, depth, and severity, according to the EY CEO Outlook Pulse – January 2023 that underline the uncertainty that looks set to define the business environment in 2023..
Romania ended 2022 with an annual inflation rate of 16.4% in December as compared to a record high of 16.8% in November, data from the country's statistics board INS showed on Friday (Jan 13, 2023).
The Board of Directors of car parts manufacturer Altur Slatina during the January 12 meeting approved the decision of giving up the application to open general insolvency proceedings, after the company’s management had on January 3 approved the launch of such proceedings.
Car parts Compa currently has 90 jobs available for its Sibiu plant. The company in 2021 reached an average number of 1,879 employees.
Biochem (Constanta), which distributes cereal seeds, pesticides and fertilizers to Romanian farmers, has completed the construction of a center for the storage of organic cereals in Lunca, Tulcea County, a project carried out with European funds.
Brick maker Cemacon Cluj-Napoca (CEON.RO) notified the capital market of the start of the acquisition of Euro Caramida, a maker of ceramic blocks for construction, based in Bihor County.
Romania's economy will grow by only 0.5% in 2023, says Wood, the largest brokerage firm in Central and Eastern Europe, in an analysis. However, there may be pleasant surprises, Wood believes.
Romania's finance ministry raised RON1.55 billion on Thursday (January 12, 2023) through two government bond issues, at annual average yields of 7.60% and 7.49%.
IT services company Inetum Romania, part of French Inetum Group, announces the appointment of Patrice Gautier to the position of Managing Director, replacing Nicolas Boitout, as per a press statement.
The volume of transactions with commercial real estate assets worth at least EUR5 million totaled around EUR1.25 billion in Romania in 2022, 40% more than in 2021, of which almost EUR600 million represents the volume transacted in the fourth quarter of 2022 alone, according to an analysis by real estate consulting firm JLL.
Seven out of ten Romanian employees say they would change their job for a higher salary and almost three out of ten employees would forgo their current job for higher job security, as per a survey conducted by MKOR Consulting.19015 items