Iasi | Romania Feed

Romania's eastern city of Iasi will be attracting private real estate investments of EUR500 million in the coming years, which will add to public infrastructure projects worth EUR1.2 billion announced by authorities, according to the participants in a debate organized by Romania Property Club (RPC).

Tester Grup, a car distributor in the region of Moldavia through Casa Auto, has completed the refurbishment process of the Dacia – Renault – Nissan service center in Iasi (in eastern Romania), following an investment of EUR1.8 million.

Biodegradable packaging maker Exonia, a business contro­lled by entrepreneur Tiberiu Stoian, will be taking over the assets of the former bakery plant in Romania's northeastern city of Iasi.

Outsourcing service provider Genpact Romania, the local division of India’s Genpact Group, is expanding its local foothold by opening a hub in the north-eastern city of Iasi, where some 100 people already work.

IKEA Romania, one of the largest furniture and home décor retailers, part of Swedish IKEA Group, is set to build its fourth store in Romania, in the north-eastern city of Iasi, within the future Moldova Mall (the current ERA Shopping Park), according to www.iasi4u.ro.

German fashion retailer Peek & Cloppenburg will open two new units in Romania this autumn, in Craiova and Iasi.

Austrian-held Leier, which has acquired several building materials companies locally in recent years, last week opened a new precast concrete element plant in Iasi.

Stay Fit Gym, Romania’s second largest gym chain by the number of opened centers, controlled by investment fund Morphosis Capital, will be opening on June 14 a 1,000-square meter unit within the Palas Campus office-retail project developed by Iulius Group in Iasi.

German-held supplier of automotive components and systems and the largest manufacturer of automotive components in Romania Continental has expanded its center in Iasi with new test labs, following EUR8 million investments and continues hiring.

Binance cryptocurrency exchange platform plans to increase the number of employees at its technology hub in Iasi, opened in September 2022.

Adinish, one of the best-known local businesses focused on the sale of children’s items, plans to expand this year by opening stores in Timisoara and Iasi.

IULIUS Group has opened the second Family Market project, in the Bucium neighborhood in the city of Iasi.

Constanta, Iasi, Brasov and Bucharest boast the largest investments underway in accommodation units, reveals a ZF analysis carried out based on IBC Focus platform data.

A monthly report conducted by Storia.ro in November 2022 considered the top ten cities in Romania which were the most active on the rental market in terms of the number of ads published, listing the cities of Bucharest, Cluj-Napoca, Brasov, Constanta, Timisoara, Iasi, Craiova, Sibiu, Oradea, Arad.

American multinational semiconductor company Advanced Micro Devices (AMD), which develops computer processor and related technologies for business and consumer markets, said would move its design center opened in 2021 in the city of Iasi to Palas Campus, the latest office investment of urban regeneration due to be inaugurated by Iulius Group in the first quarter of 2023.

Emerald medical center of Bucharest, part of Sofmedica group, will open a second clinic in Iasi in the wake of EUR3 million investments.

Cronos Med Group, a plastic surgery and medical aesthetics chain founded by physician Constantin Stan, has invested EUR700,000 in acquiring a new clinic, in north-eastern city of Iasi. The move is part of the Group's plan to expand into more cities.

Double event in the modernization program of public transport in Iasi: Monday, June 6th, 2022, from 12:15, at the intermodal center on Virgil Sahleanu Boulevard (Industrial Zone) will take place both the inauguration and the commissioning of the first Bozankaya trams purchased with European funds by the Municipality of Iasi.   The event will be […]

Nord Wind Power is the project company that broke the ice this year, obtaining the first technical permit to connect to the grid in 2022 for a wind farm in Iasi that, if completed, is estimated to be worth around EUR100 million.

Continental Romania, the largest automotive component manufacturer in the country, is investing EUR8 million in a new building in Iasi, which includes the engineering center, test laboratories and an aboveground car park.