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Only one additional project is expected to be completed by the end of the year, making 2022 the year with the lowest number of office buildings delivered over the last five years, according to CBRE Romania, the leader of the real estate consulting market.
Romania’s electronic commerce (ecommerce) market has continued to grow in 2022 mainly due to online buyers spending more money, as per a survey by iSense Solutions, which shows the market is expected to grow by 10% year-over-year and reach almost EUR6.8 billion at the end of 2022.
In August 2022, the volume of construction works rose, in unadjusted data, by 15.7% as compared to August 2021 and was up 15.6% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Wednesday (Oct 19).
Nestlé Romania, one of the largest companies on the local sweets, beverages and pet food market, saw a 11% increase in sales in the first nine months of 2022 due to a double-digit growth for seven out of ten categories of products among which Infant Nutrition, Pet Food, Nespresso, Nestlé Health Science and Coffee, stated Silvia Sticlea, Country Manager Nestlé Romania.
Euroins Romania, the largest insurer in the country after City Insurance went bankrupt, ended the second quarter with RON1.52 billion in gross written premiums, an increase of 110% year-on-year, while the non-auto liability (RCA) segment saw a RON95 million premium volume, an increase of 239% year-on-year.
FAN Courier, the leader of the courier services market in Romania, is investing over EUR10 million to develop the network of lockers countrywide through which the end customer will no longer depend on the courier’s daily schedule.
Law firm Schoenherr si Asociatii SCA assisted Eurobank with the sale of the Eliade Tower office building in Bucharest to real estate developer One United Properties.
Investors continue to shift their attention from office investments towards other real estate segments, as per a report by international law firm CMS and commercial real estate services and investment firm CBRE.
Representatives of the Foreign Investors Council (FIC), an association that brings together the leading foreign-held investors in Romania, believe that authorities must work on a series of measures targeting the stability, predictability, transparency and clarity of the legal framework in order to enhance the attractiveness of the Romanian market.
Eleven Ventures, the Bulgarian venture capital firm focused on pre-seed and seed investing in Southeastern Europe, on Wednesday (Oct 19) announced the launch of Eleven Alpha – a three-month program intended for entrepreneurs taking the first steps towards developing their own businesses.
Google’s team in Romania has reached around 400 people and will continue to grow in the coming period, according to the company’s representatives.
Oradea-based startup Octavic, a provider of digital solutions for the manufacturing industry, is now in a stage of international expansion.
2022 will mark a return to growth for Avon, a major player on Romania’s cosmetics market, after three years of decline partly fueled by the pandemic.
Bucharest-based Constantin Grup, founded by Constantin Beu, targets turnover of close to RON100 million this year from rail freight transportation and locomotive leasing.
German-held building materials maker Xella is carrying out investments to expand the production capacity it has at the plant of Prahova county.
Home appliances maker De’Longhi Romania currently has 120 jobs available at the Jucu, Cluj county, coffee machine plant.
Europe's ten largest coffee shop networks together had more than 13,500 shops at the end of last year and Romania’s 5 to Go company accounted for 350 or 2.5% of them. The chain entered the top ten of the coffee shop network ranking on the tenth place in 2021, according to Food Service Europe & Middle East data analyzed by ZF.
Rondocarton, part of the Austrian group Rondo Ganahl, and one of the largest producers of corrugated cardboard in Romania, posted almost EUR60 million revenue in the first half of 2022, compared with the same period last year, the company said.
Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), recommends shareholders such as Pillar II pension funds, mutual funds and Silver Point Capital, to vote for a dual listing of Hidroelectrica at the General Meeting on November 15 and calls for caution to the proposal of the Finance Ministry, which owns 6% in the fund, about getting the money from the IPO as dividends.
Lender Banca Transilvania (TLV.RO) has approved at the Extraordinary General Shareholders Meeting of October 18, 2022 the unfolding of a program of corporate bond issues, denominated in euro and/or RON and/or in another currency, with a maturity of no more than ten years, with the frequency of the annual or semi-annual coupon, as per a stock market report.19043 items