Prima Development Group, an Oradea-based real estate developer, has secured the construction permit for a residential project in Bucharest, PRIMA Astera, an investment put at EUR65 million.
Romania's Finance Ministry raised RON600 million from banks on Monday (Nov 11), selling government paper at an annual average yield of 6.95%.
OmniaGusti, one of Romania's largest suppliers on the confectionery raw materials market, is entering the HoReCa (Hotel, Restaurant, and Catering) segment and expects an increase of over 40% in its 2024 turnover.
Greece's AKTOR Group of Companies sees Romania as a key market in the coming years and plans to boost its portfolio in the local market by participating in new infrastructure projects within its investment plan of EUR2 billion which was recently unveiled in Athens.
GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, has established a new company in Romania.
Consumers’ continued passion for seasonal sales is being fueled by the global cost of living crisis, driving shoppers to seek out more bargains as they try to make their disposable income stretch further, according to the latest EY Holiday Shopping Survey.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) recorded a turnover of RON152.8 million in the January-September 2024 period, down 50.5% compared with the same period of 2023, the company announced in its quarterly financial report sent to the Bucharest Stock Exchange.
Romania's trade balance posted a deficit of EUR23.5 billion in January-September 2024, higher by 15% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (Nov 11).
Shipbuilder Santierul Naval Orsova posted RON5.6 million net profit in the first nine months of 2024, up 41% from the year-earlier period.