Romania’s unemployment rate stood at 5.5% in June 2024, higher by 0.1 percentage point compared to May 2024, data from the country’s statistics institute INS show on Thursday (August 1, 2024).
International law firm CMS assisted OTP group in completing the sale of Romania operations to Banca Transilvania, the largest lending institution in Romania by assets.
Sanador, a major private healthcare provider in Romania, is expanding via a EUR20 million investment.
InteRo Property Development, owned by Topolinski family of Canadian investors, is starting construction works for mixed-use project SkyLight Residence, located in Obor area, on the land plot of former Aversa plant.
Companies in the first half of this year leased industrial and logistic spaces with a total area of 410,500 square meters, down 25% from the year-earlier period. In terms of new demand, not including renegotiation contracts, this cumulated 52% of the volume of contracted spaces, namely 213,000 square meters, double the area delivered in the analyzed period, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
BRD-Soc Gen, the fourth largest bank in Romania by assets, in the first half of 2024 generated net profit of RON675 million, down 9.6% from the same period of 2023.
Local startup Vatis Tech, which has created a speech recognition software solution, targets 1 million annual recurrent revenues at end-2024, as it has recently launched a new vocal recognition technology that automatically identifies as many as 90 languages, allowing it to attract clients worldwide.