Romania Feed

Media monitoring company Klarmedia has taken over rival Media Image Group, the first specialist company in this business in Romania, Klarmedia announced.

Austrian construction group Strabag has won a new contract in Romania, together with its associate partner Geiger, and is set to build a 15.7 km section of A3 highway, between Campia Turzii and Chetani, worth EUR85 million.

Real estate developer One United Properties has obtained the building permit for One High District, a housing compound set to be built on an around 25,000-sqm land plot, of which more than 30% are green areas, located in Ionel Teodoreanu street, in Floreasca-Barbu Vacarescu area.

Adobe Romania, the local subsidiary of the US giant of the same name, has reached 1,000 employees in Romania and is further recruiting software specialists, currently having over 40 jobs available.

Romanian ERP software development company Pluriva, set up in 1998, wants to hit the mark of 2,000 corporate clients using its integrated business management system.

Valcea-based construction materials producer and retailer, controlled by entrepreneur Remus Daniel Nitu, for 2021 reported turnover worth RON489.8 million (EUR99.5 million), up 62% on the year, in line with ZF calculations based on finance ministry data.

Romanian agribusiness company Holde Agri Invest wants to develop a fifth operations nucleus by yearend should it successfully complete a series of underway negotiations, explained Robert Lisenche, an investment manager with the company.

Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania.

Real estate developer Hagag Development Europe is expanding its presence in the Bucharest office space market, in the niche of small spaces.

A total of 868,000 square meters of industrial and logistics space were leased in Romania in the first nine months of the year, almost double as many as in the year-ago period and already more than the entire 2021, data from real estate consulting company CBRE Romania show.

The real estate and construction sector has attracted around EUR12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to 17.4% at the end of 2021, compared with 9.2% in 2012, data from Romania’s central bank analyzed by the Cushman & Wakefield Echinox real estate consultancy company show.

Romania’s capital Bucharest came out second in a ranking of the most affordable apartments in European capital cities and first among the largest city in the country, Kiwi Finance Real Estate Index data show.

Building materials maker TeraPlast Bistrita reported RON563.6 million turnover in the first nine months of 2022, up 25% from the year-earlier period.

LPP group, active in the mass market fashion field, has leased 80,000 square meters of logistic area from Belgian developer WDP for a warehouse set to serve offline operations, according to ZF sources.

Targu-Mures-based Nova Vita hospital, one of Romania’s largest private hospitals, a business founded by entrepreneur Virgil Mailat, has invested half a million euros in medical equipment.

Fitness center network Stay Fit Gym has currently reached 15 units and by yearend is set to open another five units, explained Alexandru Lascar, co-founder and CEO.

ATP Trucks Automobile, a manufacturer of road freight vehicles, part of ATP Group controlled by entrepreneur Mircea Cirt of Baia Mare, has won a RON13.4 million contract with Viseu de Sus city hall for the delivery of 10 e-buses.

Polish discounter Pepco has leased 50,000 square meters of logistic spaces in CTP Bucharest West. The warehouse will be operated by Kuehne + Nagel Romania, a major player on Romania’s transport and logistics market, according to market sources.

Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase against 2021.

The European Bank for Reconstruction and Development (EBRD) is exploring a RON240 million loan for Distributie Energie Electrica Romania (DEER) company, part of Electrica group.