Orange Romania announces plans to gradually phase out the 3G network starting June 2024, which will allow the company to concentrate its efforts on the development of the 4G/5G networks, as well as of other emerging technologies to meet the communication and Internet access needs for the years to come, its officials said in a press release.
Online retailer eMAG is launching a new online shop-in-shop, which is dedicated to pet products and groups more than 75,000 products from the retailer's own offer and that of more than 10,000 sellers present on the online commerce platform Marketplace.
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU average, in line with data from the country's statistics board INS.
After a period of three-four years in which real estate developers’ expansion plans were almost exclusively focused on retail parks, which accounted for over 80% of the new supply, located in cities with fewer than 50,000 inhabitants, a shift towards bigger cities was noticed in 2023, a trend which will continue on medium term at least, said Dana Radoveneanu, Head of Retail Agency at real estate consulting firm Cushman & Wakefield Echinox.
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study.
Romania’s M&A market in 2023 recorded 241 deals, with a total estimated value of $7.1 billion, up 6.1% from the 2022 value, even as the number of mergers and acquisitions was 6.2% lower, reveals a EY Romania analysis.
Prague-based Nano Energies has entered Romania’s market and is set to provide services as an independent electricity aggregator, via its local subsidiary Digital Energy Services Romania.
A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic meeting the institution has with Romanian authorities, reads an announcement signed by Geoff Gottlieb, IMF’s main regional representative for CEE.
Retailers are announcing ambitious expansion plans, with some networks intending to keep up the pace set last year, while others are stepping up. And this during a year where the first effects of major deals of 2023 are due to become visible.