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Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its management portfolio.
Arad-based real estate developer Wallberg, controlled by entrepreneur Valentin Morar, has completed the first 134 apartments of the XCity Towers project located in Timisoara (western Romania) and is continuing works on other 148 housing units.
Vegetable oil producer Argus Constanta (UARG.RO) ended 2020 with a net profit of RON1.96 million, down 59.3% on the year, and a turnover of RON168 million, down 17.2% on the year, per calculations by Ziarul Financiar based on data from the company’s annual report.
German-held windows solutions producer Rehau Romania will invest approximately EUR10 million in Sibiu County, in the construction of a regional hub, in line with its development plans.
MedLife Medical System on Monday announced the acquisition of the majority stake of 60% in Medica Sibiu, one of the important providers of private medical services in Sibiu County, with a turnover of RON3.7 million in 2020. With this acquisition, MedLife is consolidating its largest network of private medical units with national coverage.
Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate developers will maintain their current development rates, per estimations of the “Residential Market Genome 2021” market report by real estate consulting firm SVN Romania.
Office buildings, industrial parks and shopping centers worth EUR600 million could be subject to deals in Romania in the next six months, as the COVID-19 vaccination campaign has a positive impact on the perception of foreign investors.
Romania could see more than EUR2 billion investments in 1.4 GW of wind farms in the next five years, with the major companies in the green energy sector already seeking permits from grid company Transelectrica.
Brasov-based Visual Fan, a company that sells various gadgets such as tablets and cell phones under the Allview brand, is getting ready for a listing on the Bucharest Stock Exchange via a private placement.
Germany’s B Braun, which is conducting one of the largest investments in Romania, in an irrigation solutions plant in Sanandrei near Timisoara, has applied for a EUR12.4 million state aid for the actual construction of the plant, the final phase of the project.
The Executive Board of the Bucharest Stock Exchange (BVB.RO), which operates the Romanian capital market, has summoned its shareholders on April 20, 2021 to present, discuss and approve the financial statements, respectively to approve a proposition to remunerate shareholders.
Low-cost airline Blue Air will be introducing 20 new routes from Bucharest, 15 new routes from Cluj, two new routes from Bacau and three new routes from its base in Turin (Italy) in its 2021 summer schedule (March 28- October 30, 2021), offering a 35% discount for all flights to the new routes.
Dental clinic chain Dent Estet, controlled by private medical services operator MedLife, ended 2020 with a turnover of RON67 million, up 5% versus 2019, thus, keeping the position of leader on the local dental services market.
The total demand for office space in capital Bucharest plunged nearly 40% on the year in 2020, down to 214,000 square meters, the lowest level since 2012, and the new demand reached approximately 70,000 sqm, per data from real estate consulting firm Colliers.
Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) seeks to raise its share capital by RON5.6 million by offering free shares from its 2020 profit.
Electricity and natural gas group E.ON Energie Romania, part of German utility group E.ON, said Friday it has completed a EUR330,000 solar panel installation project for Moara Cibin Sibiu.
Ford Romania on Friday reached the 1.5 million mark on the production of the carmaker's 1.0-liter EcoBoost engine made in Craiova since 2012.
The surge in demand for toys in 2020 as the pandemic kept people indoors led to a rise in the sales of the companies in this business, and Lego even posted 13% growth globally, the company’s report shows.
The average net salary in Romania declined 6.2% in nominal terms and 7.4% in real terms in January compared with December 2020, to 3,395 lei (around EUR695), data from the country's statistics board showed Friday.
Romania's trade balance posted a deficit of EUR1.193 billion in January, lower by EUR124.6 million compared with January 2020, data from the country's statistics board showed Friday.18948 items