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Germany’s Rehau Group, a provider of solutions for windows, building and furniture and automotive, has started construction works on a regional hub in Sibiu County (central Romania) worth approximately EUR10 million.
The real estate market ended 2021 with a sense of optimism, which continued into the first quarter of 2022, with total investment volume reaching EUR98.6 million, a 75% increase over the first quarter of 2021, a Crosspoint analysis says.
Real estate developer Speedwell has obtained the building permit for the first phase of the PALTIM project in Romania's western city of Timisoara.
The Investment Committee of the Modernization Fund has approved Romania’s request for financing for the future gas-fired power plants of state-run energy holding Complexul Energetic Oltenia (CE Oltenia) and also confirmed the financing for photovoltaic (PV) park projects.
Artificial intelligence (AI)-based advertising is seen as a USD$1.3 trillion business by 2032, which means that AI-enabled advertising will represent more than 90% of all advertising as channels like TV, Audio and Outdoor become more digital, addressable and programmatic, as per a report of GroupM, the main player on the global media market.
A total 72,522 housing units were delivered across Romania in 2021, a record level on the local residential market since 1989, which translates into a 7% increase compared to 2020, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox based on statistical data released by the country’s statistics board INS.
E-Distributie, the electricity distribution operator part the Enel Group, has installed integrated photovoltaic and storage systems worth approximately EUR500,000 at three primary substations in the regions of Muntenia, Dobrogea and Banat where it operates.
The Bucharest Stock Exchange on Monday (April 11) published its first environmental, social and governance (ESG) reporting guidelines for listed companies, developed with the technical assistance of the European Bank for Reconstruction and Development (EBRD).
International rating agency Fitch has recently affirmed Romania's sovereign long-term rating (IDR) at BBB-, keeping it at the lowest investment-grade level, but it maintained the Negative Outlook.
Globalworth, the leading office space owner in Romania and Poland, has appointed Stamatis Sapkas to the position of Group Chief Financial Officer effective May 1, 2022.
OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes real income, monetary policy tightens and supply chain problems could further develop.
Romania’s public debt, in both lei and foreign currency, increased by RON20.2 billion (EUR4.1 billion) in January-February 2022, to RON596.8 billion (EUR120.6 billion), in line with finance ministry data.
The average net salary in Romania increased by 0.6% in nominal terms in February 2022 compared with January 2022, to 3,721 lei (EUR753), data from the country's statistics board INS showed Monday.
Holde Agri Invest, a Romanian company operating farmland, announced its completed the purchase of a new farm in Contesti, Dambovita county.
The number of real estate deals in Romania stood at 72,123 in March 2022, 13,460 more than in February 2022, data from the national cadaster agency ANCPI showed Friday.
Poland's state-run mining company KGHM plans to conclude a partnership with Romania's state-run nuclear power producer Nuclearelectrica for the development of small modular nuclear reactors (SMR).
Romania’s energy ministry said the Investment Committee approved on Thursday (April 7) an amount of approximately EUR1.4 billion aimed at funding, from the Modernization Fund, significant projects for the modernization of the Romanian energy sector.
Technology startup investment platform SeedBlink is preparing to launch a secondary market in the second half of 2022 where investors can trade their assets with each other, thus increasing the liquidity of their portfolio investments.
David Malpass, President of the World Bank Group, will arrive in capital Bucharest on Wednesday, April 13, 2022, for a two-day visit, which will be his first trip to Romania as World Bank Group President.19464 items