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PEDRO Construct, the company controlled by businessman Petre Niculae, has invested EUR18 million in the Politehnica Business Tower office building.

Startup Milluu, which developed a home renting application, has raised a new funding round worth EUR1 million, which was led by Polish investment fund Cofounder Zone. company representatives said in a statement.

Law firm Reff & Associates | Deloitte Legal has obtained from Romania's High Court of Cassation and Justice (HCCJ) the annulment of almost RON10 million interest rates imposed by Romanian authorities on a multinational company operating in the field of building products, which was forced to reimburse a state aid granted from the national budget.

Crazy Bubble, a business of Polish origins that owns 138 stores internationally, has reached 18 units in Romania, both owned and in franchise, and is set to focus on opening units in high-traffic areas.

Transelectrica (TEL.RO), the operator of the national energy transmission system, has signed a Grant Agreement worth around $1.1 million with the US government, represented by the United States Trade and Development Agency (USTDA) regarding the setting up of an Operational Security Center.

Samy Numai, managing director of Nimet, one of the biggest chrome plated steel bars and tubes producers, says the company’s 2023 investment budget revolves around EUR18 million and is destined to boost production capacity.

Roofing manufacturer Wetterbest of Baicoi, Prahova county, in 2022 finalized an investment program of around EUR4 million it started in 2021 with the integration in Irish group Kingspan, which bought the company that year.

Dorna Medical, a Romanian business operating on the private healthcare and lab services market, set up by entrepreneurs Rodica and Roman Boca more than two decades ago in Vatra Dornei, Suceava county, has opened a polyclinic in Iasi in an over EUR11 million investment.

Siminel Andrei, one of the most powerful businesspeople in Romania, has developed two bread and bakery factories in Craiova and Braila, involving total investment of EUR10 million.

“Electrified” cars will come to hold a 28.9% market share in 2023, in line with estimates by the Automotive Manufacturers and Importers Association (APIA).

The insurance brokerage market recorded a 23% increase in revenue from insurance distribution to over RON1.48 billion at the end of the first nine months of 2022, about RON1.35 billion of which were revenue from general insurance, data from the Financial Supervisory Authority report on the trend of the insurance market in the first nine months of 2022 show.

Belgian-held logistics developer WDP will build a logistics center on an area of 6,200 square meters in Almaj, Dolj County, in a EUR4.5 million investment. The building will operate as a distribution center for the Erkut, a supplier of the car manufacturer Ford, with a factory in Craiova.

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, ended last year with RON233 million revenue and expects to double this figure in 2023 as the factory will operate at full capacity.

Romanian producer of organic agricultural products, Norofert (NRF.RO), announced in a stock market report on Thursday (Feb 2) that it signed a revolving credit contract with the Export-Import Bank of Romania EximBank, in the amount of EUR2 million.

The Romanian industrial market is going through a period of significant growth and development, with the total demand for industrial space exceeding by 15.6% in 2022 the record set the previous year percent, reaching almost 1.17 million square meters of spaces leased, according to real estate consulting firm JLL.

Belgian real estate developer Speedwell has contracted financing worth EUR24.3 million from BRD Groupe Societe Generale in order to construct two green residential buildings in Romania’s western city of Timisoara.

Sphera Franchise Group (SFG), the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, and of KFC units in Chisinau (Republic of Moldova) and Italy, has appointed Andrada Busuioc to the position of Communications Manager.

Scandinavian furniture and home products retailer JYSK continues its expansion in Romania as it plans to open at least 15 new stores and to also refurbish at least 13 older units in 2023.

Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 32.8% in December 2022 compared to December 2021, data from Romania's statistics board INS showed on Thursday (Feb 2, 2023).

Banca Transilvania, the leading lender in Romania, is among the 300 most valuable banking brands in the world this year, where it climbed to 297 from 302 in 2022, according to Brand Finance Baking 500 2023.