Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.
Interior design company Chairry Design & Furniture is leasing a 240-sqm space in UpGround compound owned by international investor Globalworth, in northern Bucharest.
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector Kruk data show.
Romanian Tech Startups Association (ROTSA), in partnership with Techcelerator and Rōnin, launched Startup Reaktor, an incubation platform for technology startups in Central and Eastern Europe (CEE).
The European Investment Bank (EIB) on Tuesday announced a EUR97 million co-financing to support the resilience of Romanian Black Sea coast to erosion and floods.
The first commercial exchanges with electricity with Ukraine and the Republic of Moldova, after the synchronization with the European network, will be carried out starting Thursday (June 30), on the interconnection with Romania, according to Romanian state-owned power grid operator Transelectrica (TEL.RO).
Startup firm InstantSpace has launched its automated booking platform that makes booking of venues and services easy and instant.
The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to delay construction works to see to what extent the extra cost can be absorbed by higher rents, real estate consulting firm Colliers said in an analysis.
For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain production, while increasing at the same time its forecast for the country's sunflower crop.
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its previous projection of 3.5%, and versus the 2.9% forecast of the Ciuca government.