In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the number of working days and to seasonality, data from the country’s statistical office INS showed on Wednesday (June 19).
Developer Genesis Property, owned by Liviu Tudor, the biggest Romanian owner of offices, has announced the electricity for all projects in the portfolio, namely the office buildings of business parks West Gate Business District and YUNITY Park, as well as residential buildings West Gate Studios, comes entirely from renewable sources.
Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis, and the housing market started 2024 with a 19% increase in the number of deals with apartments in the first quarter, nationwide, reveals a recent analysis by Colliers based on Eurostat data.
Alexandrion group has launched a new vodka brand, Omu, named after Omu Peak in Romania.
OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green transition project investments due to be stepped up.
ADA Fabrica de Mobila, a major local furniture producer, for 2023 reported turnover worth RON203.5 million (EUR41.2 million), up 3% from 2022, in line with ZF calculations based on Finance Ministry data.
DRI, the subsidiary of DTEK group owned by Ukrainian billionaire Rinat Akhmetov, has taken another step toward hitting the target of 1,000 MW in green energy projects in Romania by 2028.
Vel Pitar, Romania’s largest bakery producer, taken over last year by Mexican group Bimbo, has budgeted EUR20 million investments for this year in development and plans to add new product categories.
Sameday, one of the largest parcel delivery companies in Romania, has budgeted investments of RON150 million to increase its delivery capacity in Romania, Hungary and Bulgaria by expanding the out-of-home network.