Found 19043 news
Romania’s office market is going through a period of multiple challenges, reflecting economic uncertainty and inflationary pressures which discourage companies from expanding. Thus, the market’s return to pre-pandemic levels is also delayed, stated Alexandru David, Head of Research JLL Romania.
Romania's capital city Bucharest places seventh among the world’s best cities for fixed broadband, climbing one spot compared to the previous year's ranking, with a record of 195.6 Mbps download speed, outpacing Los Angeles, Tokyo, Abu Dhabi, Zurich, Paris and other cities, according to Ookla's annual Speedtest Global Index.
Specialists say the total number of electric vehicles registered in Romania has exceeded 21,000 units and is expected to reach 25,000 units by the end of 2022, according to the e-mobility index for the first nine months of 2022 presented by LEKTRI.CO, one of the leading players in the field of electric mobility in Romania.
Restart Energy, one of the largest independent electricity suppliers in Romania, recently signed a contract with TED Agro and TED Farm for the installation of 230 kWp photovoltaic generators.
MedLife, leader of Romania’s private healthcare market, has announced it completed the acquisition of an 80% stake in Medici’s, the largest healthcare provider in Timisoara, following competition authorities’ approval.
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, opened two new bookstores in September and October, in Tagoviste and Piatra Neamt, in shopping centers.
Botosani-based suit manufacturer Formens, controlled by French entrepreneur Losson Gerard Justin Joseph, for 2021 reported turnover worth RON196.7 million (EUR40 million), down around 13% year-on-year.
Furniture maker Artemob International, controlled by French company P3G Industries, with plants in Bucharest, Sovata and Tarnaveni, returned to profit last year, with a net gain of above RON6 million (EUR1.2 million), from net losses of around RON13,700 (EUR2,800).
The outlook of Romania’s joining the Schengen area makes major investors raise their stake for Romania. WDP, a major logistic and industrial space developers locally, says it wants to secure its territory in eastern Europe and plans to reach 2 million square meters in the coming years.
A project worth EUR6 million, due to include several sports grounds, swimming pools, event halls and a hotel, is set to be launched in Feleacu locality, Cluj county.
Golden Foods Snacks, a group held by the Mitzalis Family, has acquired Galati-based bakery and pastry producer Derpan owned by the Ancuta Family.
Six out of ten Romanians say their financial situation has worsened compared to last year and future expectations are not optimistic either, as per CEC Bank’s quarterly financial Barometer developed in partnership with banking comparison maker FinZoom.ro.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON73.1 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Friday (Oct 21).
The Board of Directors of Romanian shipyard Santierul Naval Orsova (SNO.RO) included on the agenda of the General Ordinary Meeting of Shareholders due on Nov 24 the distribution of dividends in the amount of RON6.05 million from the profit reconstituted by transferring the amount from the balance on Dec 31, 2021 of the "Other reserves" account to the dividend account, as per a stock market report.
Dr.Max Group, the leading pharmacy chain in Central Europe, held by Czech investment fund Penta Investments, signed an agreement for the acquisition of retail and distribution operations of Gedeon Richter in Romania, as per data provided on Friday (Oct 21) by the officials of the Bucharest office of law firm Wolf Theiss which assisted Dr.Max Group in the transaction.
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, welcomes the adoption of the Emergency Ordinance on compensating the indirect emissions costs embedded in the electricity price.
GTC, one of the leading real estate companies in Central and Eastern Europe (CEE), has completed the refurbishment of the City Gate Complex, following an investment of EUR3.5 million.
Romania's nuclear power producer Nuclearelectrica (SNN.RO), listed on the Bucharest Stick Exchange since 2013, will benefit from the issuer's market-making services provided by BRK Financial Group, starting October 21, 2022.
Aquila Part Prod, the largest player on Romania’s consumer goods distribution market, is investing over EUR220,000 to expand the photovoltaic plant launched in late March, as well as in the construction of a new plant in Ploiesti, with a total combined capacity of 230 Kw.
Cegeka Romania, the local subsidiary of the Belgian company of the same name, expects turnover to rise by around 28% in 2022, to EUR48 million.19043 items