Romania Feed

CTP, the largest developer and owner of industrial and logistics space in Romania with 2 million square meters of industrial space, has bought the Mobexpert store in Targu Mures, which the seller will continue to use as a tenant

Austrian furniture and home decor retailer XXXLutz – with four stores in Romania under the XXXLutz and Mömax brands– will be opening a new Mömax store on the local market in the central city of Brasov, within the Coresi project developed by Ceetrus, accordng to an announcement on www.property-forum.eu.

One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Thursday in a stock market report the handover of One Herastrau Towers, a residential development located on 74 Nicolae G. Caranfil Street in capital Bucharest.

Swedish-held private medical service provider Medicover Romania, one of the third largest private medical service providers in the country, on Thursday announced the acquisition of Polaris Medical Hospital in Cluj-Napoca, one of the largest private medical recovery hospitals in the country.

Speedwell purchased a 5.6 hectares land plot with the purpose of developing a new residential project, THE MEADOWS. The concept combines townhouses and apartment villas with a low height regime and is located on Grivita’s lakeshore, in Bucharest’s District 1.   THE MEADOWS introduces a unique concept: contemporary living in low-rise buildings and houses with […]

Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, held by the Azoitei family, wants to develop the tallest residential building on the Romanian market.

CTP, the EU’s largest listed logistics and industrial developer and operator by gross lettable area, continues its expansion in Romania with the acquisition of a new project from the Mobexpert group, the largest producer and retailer of furniture and decorations from Romania. Through this new acquisition, CTP enters on Targu Mures and expands the partnership […]

FREE NOW, Europe’s leading multi-mobility platform, has successfully obtained the extension of its technical permit as operator of the digital alternative transport platform for another 2 years, after the analysis of the license documentation conducted by the Authority for the Digitalization of Romania.   The FREE NOW multi-mobility platform meets all the legal criteria to […]

Businessman Mohammad Murad, the owner of Phoenicia Hotels and one of the largest hoteliers in Romania, envisages investments of tens of millions of euros in tourism in 2022.

Romania's current account balance posted a deficit of EUR15.3 billion in January-November 2021, compared with a deficit of EUR9.7 billion in the same period in 2020, central bank data showed Thursday.

Romanian DRUID, a local startup specialized in developing chatbots, relocates its head office to a new office space at Opera Center I, an office building owned by CA Immo in downtown Bucharest, close to the Eroilor metro station.

Romania’s mergers and acquisitions (M&A) market reached an all-time record in 2021 in terms of number of deals, having recorded 137 transactions, according to an analysis conducted by Deloitte Romania. The estimated total market value for both disclosed and undisclosed transactions reached around EUR 4-4.4 billion, while the value of disclosed transactions amounted to EUR 2.3 billion. In comparison, transaction market value in 2020 was EUR 3.9-4.1 billion and EUR 2.5 billion, respectively.

The Bucharest Stock Exchange on Friday said the shares of Chimcomplex Borzesti, a company present on the capital market since November 1996, would start trading on the Main Market, Standard Tier, as of Monday (Jan 17), following the transfer from the AeRO market, part of the Multilateral Trading System.

Razvan Rat, deputy general manager of BRK Financial Group, said the listing of DN Agrar Group SA, a Dutch-held group of firms, would take place at the end of January or the beginning of February 2022.

Euro zone inflation hit another record high, up 5% in December 2021, a sign that the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictions.

Romania’s Competition Council has approved a transaction whereby E-INFRA Group made up of Electrogrup, Nova Power & Gas, Direct One and Netcity Telecom transferred in December 2021 half of the shares of NetCity Telecom, a company that develops and manages the underground fiber optic and telecom piping infrastructure in capital Bucharest.

Shareholders of industrial abrasives manufacturer Carbochim Cluj Napoca (CBC.RO), 76% owned by Carbo Europe, a company controlled by businessman Iulian Dascalu, approved the sale of the company’s platform of 120,500 square meters consisting of several plots of land and related buildings, for at least EUR42 million.

Romanian deep-tech company Humans.ai recruits Bart Veenman, experienced Marketing and Digital Commerce professional, with a passion for technology, as CEO at Tovid.ai, the SaaS platform that produces high-quality video content at scale using AI & Synthetic Media, powered by Humans.ai.   Bart Veenman has an experience of over 12 years in Management and Business Administration, […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased by 0.99% to 3.05% a year on Friday (January 7) compared to 3.02% a year reported on Monday (Jan 3), central bank data showed Friday.

Romania’s tourism in January-November 2021 lost around 4 million tourists compared with the same months of 2019.