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Romania's finance ministry on Thursday (March 17) raised RON1.19 billion, selling bonds maturing in October 2027 and December 2022, at annual average yields of 6.03% and 4.25%, respectively.
Ozan Tuncer has taken over the position of Chief Executive Officer (CEO) of Cosmopolis, the largest residential project in Romania built after 1989, with over 14,000 inhabitants.
Real estate developer Hagag Development Europe, part of Hagag Group of Israel, continues its expansion plans in Romania and acquires an old office building located on 5-7 Vasile Lascar Street, near Rosetti Square and University Square in capital city Bucharest.
German automotive parts supplier Continental has invested roughly EUR150 million in Romania in 2021, continuing the steps taken in the last years, during which time it has invested in high-end equipment and new technologies for the automotive sector.
Carrefour Romania has appointed two new executives for its Property and Expansion Departments, considering that supporting the company's physical footprint remains a strategic objective in 2022 too, as a pillar of the omnichannel model.
Banca Transilvania, Romania’s largest lender by assets, has revised the country’s economic growth forecast to 3.5% in 2022, from a previous projection of 5.1%, and the gross domestic product (GDP) is expected to reach EUR265 billion from EUR240 billion in 2021, in line with updated macroeconomic forecasts.
New car registrations in Romania surged by 39.2% on the year to 17.953 units in January-February 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.
Around 70% of Teleferic Grand Hotel employees are from Asia and Dragos Fratila, general manager of the Poiana Brasov hotel says the trend of importing workforce will continue.
Entrepreneur Omer Susli, who owns furniture and home décor retail chain Homelux, beside many other businesses in various fields, is seeking land plots on which to build own logistic spaces.
Romania’s ClusterPower has set up a digital highway to Frankfurt and Amsterdam, connecting Romania to the world’s major data centers, through the almost EUR40 million project it’s carrying out in Mischii locality of Dolj county, explained Cosmin Georgescu, CEO and co-founder of ClusterPower.
Adrian Paval and Dragoş Paval, shareholders of the DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, own a stake of almost 1% in BRD Soc Gen - the third largest bank in Romania, through Paval Holding, which makes them the tenth largest shareholders of the lender.
Dr. Max brand, introduced by the private equity firm Penta Investments on the market in 2020, after the acquisition of Sensiblu pharmacies, generated RON2.3 billion revenue in 2021, after an increase of 21% over the previous year.
Over the next three years, Chief Financial Officers (CFOs) in Romania think about becoming more of a business partner to their organization, with 78% believing they will be significantly involved in strategy development and executions, followed by 69% involved in business model innovation and new revenue opportunities, as per the EY Romania CFO Imperative study.
Portugal’s EDP Renewables (EDPR), the third largest renewable energy investor on the Romanian market, said it plans to invest in additional green energy projects in Romania with a capacity of 1,000 MW, the Romanian government said in a press statement on Wednesday (March 16, 2022).
Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announced its entry into the Romanian market.
Italy’s Beltrame Group, a producer of steel bars and special steels, which also owns Donalam Calarasi steel mill, said it would invest over EUR250 million for the modernization of the special steel producer COS Targoviste (COS.RO), the Romanian government announced on Wednesday (March 16).
Grocery retailer Profi, held by buyout investor Mid Europa Partners, has rented four floors in the Baneasa Airport Tower building of Immofinanz for its new Bucharest office.
Romania's finance ministry will be launching four new bond issues for the general population, under the Fidelis program, which can be subscribed between March 17, 2022 and April 1, 2022.
Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.
Romania's current account balance posted a deficit of EUR815 million in January 2022, compared to a surplus of EUR9 million in January 2021, central bank data showed Wednesday.19464 items