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German automotive group Continental invested over EUR150 million in its Romanian operations in 2020 and plans a similar investment budget for 2021.
The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from Romania’s central bank and National Statistics Institute data.
Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million.
Novator Pharma SRL, which has been operating in Romania since 2018, has got its EUR4.8 million state aid application granted for an investment almost three times that amount, EUR13.7 million, a Finance Ministry list shows.
PPF Real Estate, a developer and real estate assets investor held by Czech billionaire Petr Kellner, seeks again to buy office or even industrial buildings in Romania.
Romania's annual inflation rate grew to 3.2% in February from 3% in January, still driven by higher electricity prices following the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Thursday.
OMV Petrom, the largest energy company in South-Eastern Europe, said Wednesday it has signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgian Black Sea.
Gramma Wines, a Romanian winery based in Iasi, plans to invest over EUR1 million this year in eight tiny guesthouses in the vineyard and two new spaces for wine tasting and presentations.
Catted Business Park, an industrial park developed exclusively for SMEs by Catted Group in Chitila, near Bucharest, has been fully let in just six months since its construction.
Visionapartments, a company owned by 44-year-ld Swiss millionaire Anja Graf, signed an agreement Wednesday to acquire the former Ramada Majestic hotel located on Calea Victoriei in downtown Bucharest.
Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, said Wednesday it has started modernization works on an office building located in downtown Bucharest, an investment of EUR4 million.
Agroland Group (AG.RO), the most extensive farming store chain in Romania held by businessman Horia Cardos, reported a net profit of RON10.3 million for 2020, four times higher compared with 2019.
The owner of the Winmarkt shopping centers has budgeted a return to growth this year after the pandemic made 2020 the most difficult year for the group operating in Italy and Romania.
Dobrogea Grup, one of the largest milling and bakery businesses in Romania, has budgeted EUR2 million investments in 2021, after completing a more than EUR1 million investment in an automated frozen pastry production line.
Net investments in the Romanian economy grew a mere 0.1% in 2020 compared with 2019, to RON106.195 billion, preliminary data from the country's statistics board showed Wednesday.
Romania's seasonally adjusted unemployment rate grew to 5.6% in January from 5.2% in December, data from the country's statistics board showed Wednesday.
Asirom, the second largest local insurer in the portfolio of Vienna Insurance Group (VIG), has introduced artificial intelligence in the damage assessment system n the underwriting process for the CASCO car insurance product.
BRK Financial Group (BRK.RO), the only brokerage company listed on the Bucharest Stock Exchange, on March 9 started acting as Market Maker for shares of OMV Petrom (SNP.RO), the largest energy company in South-Eastern Europe.
Alesonor, a real estate development firm held by Greek entrepreneurs, which erected luxury residential project Amber Gardens has obtained the urban planing permit for a EUR110 million residential project in the Tunari area, north of Bucharest.
Demand for real estate valuation and consulting services remained constant during the pandemic, as investors sought to identify changes and new market trends and recalibrate their choices amid uncertainty, real estate consultancy company Cushman & Wakefield Echinox said Tuesday.19438 items