Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price for new apartments reached EUR2,053/ square meter, 8% higher than in April 2023, according to the latest data on Storia, the real estate platform launched by OLX.
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the average deal level, amid an extremely limited supply, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and electricity distribution networks, and exceeded RON874 million (around EUR177 million).
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves optimistic about the situation of the Romanian economy has grown to 34%, compared to 26% in the previous semester, while 38% of them remain cautious, as per the latest CONFIDEX survey for the first half of 2024.
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to Digi Romania, effective May 15, 2024.
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive result of RON3.2 million in the same period of 2023.
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from the year-earlier period, and RON1.8 million operating income, 35% lower.
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates the new tax on turnover of 2% applicable to credit institutions starting with 2024.
Chemicals producer and supplier Chimcomplex switched to profit of RON7.4 million in the first three months of 2024, after a RON8.3 million loss in Q1/2023.
Real estate developer Impact Developer & Contractor (IMP.RO), reported net loss of RON7.5 million for the first quarter of 2024, compared to loss of RON8 million in the same period of 2023, as per its quarterly financial report.
ROCA Industry, the first industrial holding in Romania, specialized in construction materials, listed on the main market of the Bucharest Stock Exchange under the symbol ROC1, recorded a cumulative turnover of RON141.5 million in the first quarter of 2024, according to the report for the first three months of 2024.
Electricity supplier and distributor Electrica (EL.RO) reported net profit of RON127.7 million for the first quarter of 2024, compared to net loss of RON43 million in the same quarter of 2023, as per its quarterly financial report.
Alternative investment fund BT Property has announced on Wednesday (May 15) the acquisition of Funshop Park Turda from Polish group Scallier.