The Romanian real estate investment market ended the first three quarters of 2024 with deals worth almost EUR650 million, around three times more than in the year-earlier period, registering the biggest deal activity growth in the region, in line with Colliers data.
Techbolide, a developer of software solutions and IoT technologies, is relocating its central headquarters to office compound Business Garden Bucharest part of the portfolio of Swedish developer Vastint.
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic area, has signed an agreement for stock acquisition in Pehart Grup, one of southeastern Europe’s largest paper producers.
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, expects to end the current year with turnover worth around RON137.5 million (EUR27.6 million), down from 2023, when it raked in RON143.4 million (EUR29 million).
Fitness center network Stay Fit Gym continues investments and accelerated growth and wants to reach around 70 units countrywide by end-2025, against almost 50 units at the end of this year, explained Alexandru Lascar, co-founder of Stay Fit Gym.
MedLife group, the largest private healthcare player by turnover in Romania, aims to expand further, either via acquisitions, or by opening new clinics, particularly in cities where it does not have a strong foothold.
Steel mill ArcelorMittal Hunedoara (stock symbol: SIDG) is temporarily scaling down its business operations during December 9 - 31, 2024 period amid economic difficulties caused by a lack of orders, the company announced in a report sent to the Bucharest Stock Exchange.