Found 18957 news
Real estate consultancy Cushman & Wakefield Echinox has put up for sale a historic villa in northern Bucharest, on Aviatorilor boulevard, a property built in 1934 and designed by architect Duiliu Marcu.
Investment group Vectr Holdings, owner of World Class Romania, is cementing its footprint on Romania wellness market by launching Befit brand, positioned on the affordable segment of the Romania fitness market.
Romanian start-up VAUNT, which developed a platform that helps real estate developers with their sales and marketing processes, has been selected to participate in Catalyst NYC accelerator of the US, marking a major step in its US expansion strategy.
Accor and Marriott are two of the international hotel group to announce projects in two balneary resorts of Romania, Baile Felix and Calimanesti.
Oil drilling company Foraj Sonde of Videle has for 2025 budgeted RON256.8 million total revenues, up 51% from 2024, RON219.9 million total expenses, 46% higher, and net profit distributable to shareholders of RON27.8 million, up 51%, in line with ZF calculations.
National power transmission company Transelectrica (TEL.RO) notified the Bucharest Stock Exchange on Wednesday evening that the Government’s General Secretariat, its majority shareholder, had requested distribution of at least 90% of the net profit of 2024, compared with 26% as the Board proposed.
Dumagas Transport, which was taken over by Omnia Capital two years ago, has entered the international market with a fast-paced expansion to Germany, where it made its first shipment eight months ago.
TenarisSilcotub, the leading Romanian manufacturer of small diameter seamless pipes, has completed construction works on its first renewable energy facility, namely, a 20 MW photovoltaic park for its steel mill in Calarasi, following an investment of USD21.5 million.
Romanian do-it-yourself (DIY) retailer Dedeman, the largest entrepreneurial business on the Romanian market, will be opening a new store, in Romania's southern town of Alexandria (Teleorman County), on April 11, following a total investment of EUR15.5 million.
SIGNAL IDUNA companies ended 2024 with a total volume of gross written premiums of nearly RON424 million, up 16% year-over-year, amid the expansion of the portfolio, digitalization, the launch of new solutions and the agreement to acquire the company Garanta Asigurari, which is subject to scrutiny and approval by Romania's Financial Supervisory Authority (ASF).
Agroland Business System (AG.RO), a Romanian entrepreneurial retail, agriculture and food group, which owns the largest farm supply store in the country, has notified the Bucharest Stock Exchange that it will undergo a comprehensive rebranding process and a reorganization of its operational structure through the consolidation of activities under the Agroland Group umbrella.
The pace of change in recent months has accelerated, with a direct impact on the way we work, learn and adapt, therefore, over half of Romanians (58%) say they had to improve their skills either to keep their jobs or to advance in their career, a trend that is increasingly reflected in the way candidates constantly update their skills in their CVs, as per a survey by online recruitment platform Bestjobs.
Romania's mergers and acquisitions (M&A) market recorded 51 transactions in the first quarter of 2025, with an estimated combined value of USD1 billion, reflecting a 25% decline in the number of deals (68) and 29% fall in value (USD1.4 billion) of M&A compared to the fourth quarter of 2024, as per an analysis by EY.
Romania's trade balance posted a deficit of EUR5.62 billion in January-February 2025, higher by 35.1% than the level recorded in the same interval of 2024, data from the country's statistical office INS showed on Wednesday (April 9).
Funky Buddha, a fashion retailer owned by Greek group Altex, is opening its first store of Romania, in ParkLake Shopping Center, in mid-April and is set to add a second unit during the current year, as well as an online store.
MAGNOR, a Romanian-held company specializing in pawnbroking and money exchange services, in 2024 registered consolidated turnover worth RON165 million, up 64% from 2023, while net profit reached RON13.5 million, 4% higher.
The Tei Group, made up of Farmacia Tei and Bebe Tei, one of the most dynamic businesses in Romania, continues its expansion outside Bucharest and is putting three new cities on the development map, where it will open stores in the third quarter of 2025.
Morgan Stanley, the US investor that bought the America House office building in Piata Victoriei of Bucharest together with David Hay, the former CEO of AFI Europe, in 2019, might be considering sale thereof for some EUR100 million, real estate market data show.
Real estate developer Redport and businessman Dan Sucu, the founder of Mobexpert furniture business, are launching a 500-apartment residential project, Vitality Est, a EUR50 million investment near the Pantelimon Park and Lake.
Symmetrica, the leader of the local market for vibro-pressed pavers and curbs and the largest domestic manufacturer, held by the Stanciu family, ended 2024 with a turnover of RON317 million (EUR63.7 million), up 22% against 2023.18957 items