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Distribution and logistics company Aquila Part Prod carried out a share capital increase of RON367 million (EUR74 million) following the completion of an initial public offering (IPO).
Romania had the biggest economic growth in the European Union in the third quarter of 2021, with a year-over-year increase of 8% in seasonally adjusted data, considering that the EU average was 3.9%, data from Eurostat, the statistical office of the European Union, showed Wednesday.
Mobile Vet & Mobile Pet, a network of veterinary clinics and pharmacies, is expanding with two new units in capital Bucharest.
Romanian real estate developer Genesis Property joins the UN Global Compact initiative and becomes the first commercial real estate owner and developer in Romania to enter the United Nations global community for sustainability and durable development.
The coronavirus pandemic has intensified the migration of a large part of Romania’s population towards suburbs or localities around big cities, a trend that will maintain on the medium term, with direct impact on the development of the residential market, per an analysis by real estate consulting firm Colliers.
Chinese company Topband Europe, which produces smart controllers for home appliances and electrical equipment, has leased 11,000 square meters in the Olympian industrial park in Timisoara (western Romania) and marks its entry on the Romanian market.
S&T, one of the largest IT&C solutions integrators in Romania and part of Austria’s S&T Group, has made a new acquisition on the local market, respectively Enterprise Concept, a company specialized in business process automation.
Swedish-held Oresa, which earlier this year ventured into real estate by acquiring the Solo Iasi logistics and industrial park from the Tester Group, has brought Muler Onofrei onboard as co-managing director of the real estate unit, the investment firm announced.
LSEG (London Stock Exchange Group) Romania on Wednesday said it would expand its local team with 100 new roles for specialists in a wide range of technologies and data services that serve the three divisions of the company: Data & Analytics, Capital Markets and Post Trade.
Constanta-based do-it-yourself retailer Brick Romania will be opening a new store in March 2022, in Satu Mare, which will be its first unit in western Romania.
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON86.9 billion (EUR17.5 billion) at the end of October 2021, lower by 0.2% or RON106 million than in September 2021, financial regulator (ASF) data showed Wednesday.
merXu, an online B2B trading platform for companies in Central and Eastern Europe, has announced a Series A funding round led by Prosus Ventures, with participation from existing investors Accel and Point Nine.
September brought a corporate lending rebound, after the August slowdown. Banks operating on the Romanian market granted new RON-denominated loans of RON3.77 billion to companies, up 31.6% from August 2021.
Romania’s hotel industry is in full swing and by 2024 another 15 hotels are due to be opened, with a total number of 2,000 rooms, reveals a ZF analysis based on a report by STR hospitality industry research company.
Belgium-held real estate developer Speedwell, which built Record Park mixed project of Cluj and Triama housing project of Bucharest, wants to enter the industrial space market and develop platforms in major cities of Romania.
Businessman Ovidiu Tender, owner of Vulcan platform of southern Bucharest, is in talks to sell the 25-ha land plot to a group of investors, according to real estate market sources.
Catalin Grigoriu, the entrepreneur who owns Bacau-based Moldova Farming, a grain farming and agricultural input distribution business together with Paval brothers, says he’s not considering expanding the agribusiness activity to other countries, but strengthening its nationwide position in the next 3-5 years.
Building materials producer Megaprofil, controlled by Joris Ide, part of Kingspan group, one of the biggest companies in the field, boosted turnover by 83% in the first 9 months of this year and is aiming for EUR44 million by yearend, according to the company’s officials.
Four-star hotel Capital Plaza, opened in 2009 and controlled by Romanian entrepreneurs, forecasts flat turnover in 2021 year-on-year.
ArcelorMittal Hunedoara (SIDG.RO), a steel mill owned by ArcelorMittal, ended the first nine months of 2021 with a net loss of RON17.9 million, compared with a net loss of RON31.4 million in the same period of 2020, on sales of RON485.9 million lei, 76.6% higher than in the year-ago period, according to calculations by ZF.18957 items