State-run natural gas producer and supplier Romgaz (SNG.RO) has modified a gas sale-purchase contract with Engie Romania, the largest natural gas distributor in Romania, as a result of the decline in price, the company said in a report to the Bucharest Stock Exchange on Wednesday.
Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since the end of 2023, also companies, is expanding its operations to Poland.
One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, has announced the value of developments under construction exceeded EUR1.5 billion in 2023, while the overall area under development neared 900,000 square meters.
PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in 2022, while this category’s turnover rose by EUR5.2 billion during the 2019-2022 period, reveals the annual report of the Romanian Private Equity Association (ROPEA), conducted jointly with Deloitte Romania.
The total monthly average income in Romania stood at RON8,049 per household in Q1/2024, up 7.3%, representing RON3,210 per person, 7% more than in Q4/2023, data from the country’s statistics board INS show.
Romania’s goods trade deficit, namely the gap between goods exports and imports, widened in January-May 2024 by 11.1% year-on-year to EUR12.2 billion, as exports dropped by 2.9% and imports inched up, by 0.2%, data from the country's statistics board INS show.
BrightCap Ventures, a venture capital fund headquartered in Sofia, has has completed the first close of its new fund targeting €60m.
Dacia has already started deliveries of the new Duster III and the Mioveni plant is readying to start manufacturing Bigster, the first compact SUV in the carmaker’s range.