Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, is changing its name to SEMA Real Estate in the wake of a rebranding process.
EssilorLuxottica giant, which has recently acquired OPTIBlu and Optiplaza stores, is also investing in local production and building an integrated business on Romania’s optical market.
Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000 customers and 3 million products sold in Romania in eight months since officially arriving on this market. The year-end target is to reach the one million customer mark.
The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), the operator of the power plant in Cernavoda, has decided to extend the provisional mandate of Vasile Dascalu as Chief Financial Officer (CFO) for two more months, for the period between September 10, 2024 and November 10, 2024, the company announced in a stock market report.