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Automotive component manufacturer Hella Romania, the local unit of German-held company Hella, is set to open an engineering design and development center in the Palas Campus office project in the city of Iasi where it leased 1,300 square meters of office space.
Beyond the increasing of uncertainty, the conflict in Ukraine did not have visible effects on the local office market, but its aftermath – particularly the higher inflation and the rising cost of risk – is relevant, said Silviu Pop, Director CEE & Romania Research at Colliers.
Enel X Romania, part of Enel X Global Retail, the advanced energy services division of Italy’s Enel Group, will build a photovoltaic (PV) park with a total installed capacity of 2.5 MW for Romanian pharmaceutical manufacturer Antibiotice Iasi.
Romania registered again the highest value-added tax (VAT) gap among European Union (EU) Member States, with 35.7% of VAT revenues going missing in 2020, according to the European Commission's recent VAT Gap report for 2020.
The average net salary in Romania increased by 0.1% in nominal terms in October 2022 compared with September 2022, to 4,008 lei (EUR817), data from the country's statistics board INS showed on Tuesday (Dec 13).
Romania's annual inflation rate climbed to 16.8% in November 2022 as compared to November 2021, data from the country's statistics board INS showed on Tuesday (Dec 13).
Delivery platform Bringo has leased a 600-sqm area in Eminescu Offices office building developed by Akcent Development in downtown Bucharest and managed by the Asset Services team of Cushman & Wakefiled Echinox.
Romania in November posted record high inflation, of 16.8%, a 20-year high, and December is most likely to bring the peak of this growth cycle, at around 17%, according to ING Bank analysts.
Crowdfunding platform Ronin, launched a year ago, plans to accelerate the pace of campaigns next year.
Medical device manufacturer Hamilton Central Europe plans to invest around EUR18 million to raise a new building near the current plant of Giarmata locality, Timis county.
TenarisSilcotub had to give up investments earmarked for 2022 because of the soaring energy prices.
French-held retailer Carrefour will inaugurate a new warehouse in Romania in 2023, which will be located in the east of the country. The retailers’ officials say the decision for the logistics development comes as a result of the expansion of the store chain.
Romanians spent EUR261 million in the top ten footwear store chains in Romania last year. The amount is 6.5% lower than in the benchmark year 2019, the last year before the pandemic, according to ZF’s calculations Cushman & Wakefield Echinox data.
Fifteen flights operated by low-cost airline Wizz Air to and from Romania have been cancelled on Monday (Dec 12) alone.
MIRDATOD Prod, owner of the Lactate de Ibanesti dairy brand, plans to diversify distribution channels to direct consumers next year, owner Mircea Todoran says.
Romania's state-owned postal operator Compania Nationala Posta Romana has inaugurated its first subsidiary abroad on Monday (Dec 12), in Chisinau, the capital city of the Republic of Moldova.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Monday (Dec 12) that Unit 1 was reconnected to the national power grid on the evening of December 11, 2022 and it has reached nominal power on the morning of December 12, 2022.
Romania's finance ministry raised almost RON1 billion on Monday (Dec 12) through two government bond issues, at annual average yields of 7.05% and 7.48%.
The Meta Estate Trust (MET.RO) holding, which operates in the real estate industry, has acquired several residential units within projects carried out on the Romanian seaside by developer Sopra Estate Holding, as per a press statement.
The limited access to lending, combined with young generations’ preference for more flexibility, stimulate the rental market and create the necessary framework for the emergence of the built-to-rent residential developments”, said Andreea Hamza, Senior Director Living, JLL Romania.19015 items