Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working days, in January-June 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Tuesday (August 6).
Meta Estate Trust, a holding company operating in the real estate field, has announced the completion of an over EUR750,000 in a project that matches the business early stage strategic line.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, has officially gone public on the AeRO market of the Bucharest Stock Exchange under the JTG ticker.
Prime Telecom, one of the last significant independent players on the local telecom market, which also owns its own optical fiber infrastructure, plans to also expand on the energy market.
Underline Ventures, the venture capital fund set up by Bogdan Iordache, in its two years of activity has invested around $6 million in 13 tech startups both from Romania and the other countries of the region, in projects with international expansion potential.
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania statistics board INS.
Bucharest’s four-star hotel Cismigiu, controlled by Spain’s Hercesa, boosted its turnover by 3% in the first half of this year from the year-earlier period, in line with its budget.
Optical retailer Lensa has reached an 87-unit network after having opened 47 units in 2023, in line with its accelerated expansion strategy, explained Gabriel Cubantov, Lensa commercial manager.
The ever-rising demand for housing and the falling deliveries of new housing projects are pressuring the housing market, a reason why prices have also accelerated in mid-summer, SVN consultants consider.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, in the first half of this year generated RON66.9 million turnover, up 34% from H1/2023. The producer also increased its net profit, according to its officials.
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has called the extraordinary general meeting of shareholders for September 11, 2024 to vote, among others, on the delisting of global depositary receipts ("GDRs") issued by The Bank of New York Mellon, and traded on the London Stock Exchange's main market for financial instruments, the company announced in a stock market report on August 5.