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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.
The ten most active brokers on the Bucharest Stock Exchange in 2021 brokered transactions worth RON40.3 billion or a little over 93% of the total.
Visual Fan (ALW.RO), owner of the Allview brand, has received favorable approval from Romania’s Competition Council to become majority associate, with an ownership stake of 51%, in the company Intervision Trading RO SRL, the sole distributor in Central and Eastern Europe (CEE) of products under Japanese electronics brand AKAI.
Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the acquisition by Supernova Group of six prime shopping centers operating under Cora brand name from the Louis Delhaize Group.
Real estate developer Euro Vial Residence has acquired a plot of land of 2,500 square meters located in the seaside resort of Mamaia Nord, in a transaction worth over EUR1.5 million, the company said in a statement.
The 15-year EUR90 million loan granted by the European Investment Bank (EIB) to Distribuie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group, represents the second part of EUR210 million EIB backing for EUR300 million of new ambitious energy infrastructure investment by Electrica Group.
New vehicle registrations in Romania fell by 4.1% in 2021 compared to 2020, but electric vehicles soared by 109.1% reaching a 15.5% market share, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.
Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, in 2021 earmarked over EUR16 million for investments meant to improve technological processes at the plant of Radauti, Suceava county.
Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best performance after 2008, after the 13.5% increase of 2006.
Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023.
Romanian-held pharmaceutical products manufacturer Biofarm, the fifth largest player on this market by turnover, plans to add internally-developed products to its portfolio, especially as the company in 2021 opened a new production unit in Bucharest.20085 items