In 2024, office building owners will face two challenges, namely, carrying out negotiations with banks to refinance outstanding loans in parallel with the renegotiation of lease agreements with existing tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
The European Commission approved on Friday (Feb 9) an aid scheme worth EUR241 million (RON1.2 billion) notified by Romania to support agricultural producers, in the context of the war waged by Russia against Ukraine.
The company Retele Electrice, a part of PPC group, previously called E-Distributie Dobrogea) has completed the first stage of a project worth over RON45.6 million (of which the updated eligible value is RON30.6 million), which targets the modernization of the energy infrastructure in Constanta.
Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated in Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years.
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS showed on Friday (February 9).
Antibiotice Iasi, the largest Romanian-held pharma producer, is launching eight veterinary products in the range of nutritional supplements, complementing the company’s veterinary prescription portfolio.