Asset manager M&G Investments headquartered in London, having assets worth £330 billion (EUR381 billion) under management, has become a stakeholder in Hidroelectrica with the listing of the electricity producer on the Bucharest Stock Exchange.
Romania Data Centers, Crosspoint Real Estate’s most recent market analysis, assesses Romania’s strengths and weaknesses in regards to the country’s potential of becoming an important destination for data center operators.
Romanian packaging manufacturer Electric of Focsani, held by the Buzaianu family, reported a turnover of RON55.1 million (EUR11.2 million) for 2022, up 23.5% from RON44.6 million (EUR9 million) reported in 2021, as per finance ministry data.
Rompetrol Rafinare has announced in a stock market report on December 5 the completion of the modernization of two new tanks in the storage park of the Petromidia Navodari refinery, and the investment in the two projects reached approximately $6.5 million.
Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most active real estate developers on the Bucharest residential market.
Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter of 2022, data from the country's statistics board INS showed on Tuesday (Dec 6).
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to October 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (November 5, 2023).