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Romania's economy is expected to grow by 2.6% in 2023 and by 4.2% in 2024, according to the World Bank's Global Economic Prospects report.
Citi Romania has relocated its 200 employees in capital city Bucharest to its new headquarters in the capital, located in the Tiriac Towers office building.
The number of real estate deals in Romania stood at 59,864 in December 2022, 1,795 fewer than in November 2022, data from the national cadaster agency ANCPI showed on Wednesday (Jan 11).
Luxury jewelry chain Teilor is expanding further on foreign markets by opening its four store in Hungary.
Romanian-held real estate developer Alsin Management will invest over EUR40 million in developing First Estates Pipera, the first housing project in Romania set to offer free heating to all its residents.
5 to go coffee shop chain, the biggest player in the field, ended 2022 with over EUR30 million turnover at group level, twice as high as the 2021 level and above early-2022 expectations.
Nova Vita hospital of Targu-Mures, one of Romania’s largest private hospitals, a business founded by entrepreneur Virgil Mailat, in 2022 generated EUR7.7 million turnover, 15% higher than in 2021.
Solarex Impex, a chemical fertilizer wholesaler, with over RON230 million turnover in 2021, is building a fertilizer plant in Preajba, Dolj county.
The mild winter so far, but also efforts to boost energy consumption efficiency in particular, have led to continued declines in electricity demand in 2023 as well.
Fortis Games, a new US game studio established by global industry heavyweights, which made several acquisitions in 2022, among which the Metagame startup in Bucharest, plans to expand in Romania and grow its team to about 100 people.
MedLife (M.RO) has added another hospital to its portfolio after completing the acquisition of Muntenia Hospital in Pitesti, Arges County, from SIF Muntenia(SIF4.RO).
Casa Noastra, the Dolj-based company that manufactures windows under the QFort brand, got 80% of its 2022 revenue from exports. The revenue stood at EUR170 million for Romania, Italy, France and Switzerland, an increase of almost 40% on the previous year, which makes 2022 "the best year in the company's history", according to Stefan Cherciu, the company's owner.
GreenWeee, a home appliance recycling company, part of the Green Group, will open a new plant to collect such waste in the first part of this year.
Precast concrete products manufacturer ASA CONS, based in Turda, ended 2022 with a more than EUR33 million revenue, its best performance ever. the company's history.
Bookstore chain Carturesti, held by Nicoleta Dumitru and Serban Radu, ended 2022 with EUR55 million sales and expects growth of 10% to 20% in 2023, its officials say.
Publicis Groupe, a marketing, communications and digital transformation group, present on the Romanian market for over 25 years, has announced the acquisition of Advertise BG, one of the leading performance marketing agencies in Bulgaria.
The volume of deals with land intended for commercial real estate projects in Romania (excepting the traditional industrial and logistics projects) reached approximately EUR450 million in 2022, lower than EUR800 million in 2021, according to estimates by real estate consulting firm Colliers.
The General Assembly of the Romanian Banking Association (ARB) convened on Monday (January 10, 2023) and voted on the new structure of the Board of Directors following the filling of a vacant member position.
Low-cost airline Wizz Air on Tuesday (Jan 10) said it would close its base in Bacau (eastern Romania) and will relocate its capacity to other routes with higher demand.19015 items