Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's tenth consecutive rate freeze.
Kearney’s Global Business Policy Council has released its 2024 Foreign Direct Investment Confidence Index (FDICI), a survey of investor sentiment regarding future (three-year) FDI flows.
Salt Bank, the first Romanian wholly digital bank, a newly created entity in the wake of Idea Bank acquisition by Banca Transilvania, has launched its operations.
Real estate developers in 2023 completed office space projects totaling 83,000 square meters in Romania’s main regional cities, Cluj-Napoca, Timisoara, Iasi and Brasov and the modern stock crossed the threshold of 1 million square meters in these cities, accounting for around 30% of Bucharest stock, in line with data provided by Cushman & Wakefield Echinox.
Romania’s M&A market in the first quarter of this year registered 63 deals, a frail increase from the 61 deals posted during the same period of 2023, showing however stepped-up activity compared to the two previous quarters, shows an EY Romania analysis.
One United Properties, the leading green developer of residential, mixed-use and office real estate in Romania, has sealed a memorandum of understanding with CPI Property Group, a major real estate owner in Europe, to acquire a 21-hectare plot of land located in the vicinity of Bucharest’s Tineretului and Carol parks.
Home appliances producer De’Longhi Romania will open in July the Satu Mare plant, an over EUR40 million investment set to turn Romania into the group’s largest coffee machine production hub globally.
E-Cablaje, a producer of electrical cables for the automotive, agricultural and transport industries, controlled by Italy’s Cable Company SPA and Lobogest SPA, currently has 75 available at the Viisoara plant of Bistrita-Nasaud county.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is tapping into a new client niche and enters major hypermarket chains with bio cutlery.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, targets a turnover of EUR33 million in 2024, up 15% from 2023, as per calculations by Ziarul Financiar (ZF) daily based on company data.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) has announced in a stock market report on April 3 that Sadalbari SLR, its majority shareholder (a 90% stake), went bankrupt.
Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February 2024 increased its holdings in Banca Transilvania (TLV) and BRD Soc Gen (BRD) through the purchase of shares from Bucharest Stock Exchange investors.