Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director of leasing, a position from which she will be supervising the leasing operations of the commercial portfolio of the company, about 18,000 square meters in total lettable area of office and retail space.
Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement their position on the real estate market.
Eleco plc, a specialized software supplier listed on the Alternative Investment Market of London Stock Exchange, has acquired Vertical Digital group of companies made up of Vertical Digital SRL and Sons of Coding SRL, software companies headquartered in Oradea and Timisoara.
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first city the company has chosen to bet on locally after Bucharest.
Alternative investment fund Transilvania Investments Alliance announced that during the general ordinary meeting of shareholders of April 22 the distribution of 2023 net profit was approved, with the gross dividend set at RON0.015/share, securing a yield of 4.67%.
ING Hubs Romania, the local software development hub of Dutch financial-banking group ING, aims to reach the mark of 2,000 specialists in its team by yearend, so that it can keep up the business growth pace at over 20% via the expansion of existing projects.
CER Cleaning Equipment, which operates Kärcher production in Romania, entered the club of RON billionaires after doubling its turnover in the past two years.
La Lorraine, a major player on the bakery market, owned by the Belgian group of the same name, currently has 35 jobs available at the unit of Campia Turzii, Cluj county.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open new units, but expansion will not longer be as aggressive as in the past years.