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Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, held by the Azoitei family, wants to develop the tallest residential building on the Romanian market.
Businessman Mohammad Murad, the owner of Phoenicia Hotels and one of the largest hoteliers in Romania, envisages investments of tens of millions of euros in tourism in 2022.
Romania's current account balance posted a deficit of EUR15.3 billion in January-November 2021, compared with a deficit of EUR9.7 billion in the same period in 2020, central bank data showed Thursday.
Romanian DRUID, a local startup specialized in developing chatbots, relocates its head office to a new office space at Opera Center I, an office building owned by CA Immo in downtown Bucharest, close to the Eroilor metro station.
The Bucharest Stock Exchange on Friday said the shares of Chimcomplex Borzesti, a company present on the capital market since November 1996, would start trading on the Main Market, Standard Tier, as of Monday (Jan 17), following the transfer from the AeRO market, part of the Multilateral Trading System.
Razvan Rat, deputy general manager of BRK Financial Group, said the listing of DN Agrar Group SA, a Dutch-held group of firms, would take place at the end of January or the beginning of February 2022.
Euro zone inflation hit another record high, up 5% in December 2021, a sign that the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictions.
Romania’s Competition Council has approved a transaction whereby E-INFRA Group made up of Electrogrup, Nova Power & Gas, Direct One and Netcity Telecom transferred in December 2021 half of the shares of NetCity Telecom, a company that develops and manages the underground fiber optic and telecom piping infrastructure in capital Bucharest.
Shareholders of industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO), 76% owned by Carbo Europe, a company controlled by businessman Iulian Dascalu, approved the sale of the company’s platform of 120,500 square meters consisting of several plots of land and related buildings, for at least EUR42 million.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased by 0.99% to 3.05% a year on Friday (January 7) compared to 3.02% a year reported on Monday (Jan 3), central bank data showed Friday.
Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019.
Germany-held Kaufland, with a network of around 150 hypermarkets in Romania, is carrying out a new logistics project in Sinesti, Ialomita, around 30 away from capital Bucharest, according to ZF sources.
Leonidas chocolate shop network, present in Romania in a franchise system, will relocate the store of Radu Beller street of Bucharest on Calea Dorobantilor, in the same area. The opening is scheduled for end-January, with the space set to be a flagship store, the biggest chocolate shop of Romania.
Romania’s M&A (mergers and acquisitions) market in 2021 grew in terms of both value and volume against the previous year, marked by the coronavirus pandemic, stated PwC representatives, adding the upward trend will continue in 2022.
Windows maker Barrier is expanding the production capacity of Bacau plant this year, with a state aid that will represent the final stage of a broader investment scheme.
Jagoda Gwardys-Zientara, Carrefour Romania CFO, says the company plans to further grow along all these formats in the near future, with a clear focus on the proximity segment, through our express stores.
December brought an acceleration in the average price increase of old three-room apartments in Bucharest, so that the amount paid by buyers climbed to EUR103,900, a decade high, unparalleled since the first half of 2009, according to the calculations of the real estate consulting company SVN Romania.
Romanian paint and coatings manufacturer Sarcom, part of ROCA Industry, has appointed Laurenta Crudu to the position of Chief Executive Officer (CEO).
Romania's finance ministry on Thursday (Jan 6) raised RON710 million (EUR143.6 million) selling bonds maturing in 2029 and 2036, at annual average yields of 5.3% and 5.62%, respectively.
Societe Generale SA’s car leasing division ALD SA has agreed to buy Dutch rival LeasePlan for EUR4.9 billion ($5.5 billion) to give it more scale as the auto rental market goes electric, the French bank said on Thursday.19015 items