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Rompetrol Rafinare has announced it will restart the Low Density Polyethylene (LDPE) unit at the beginning of May amid rising demand for petrochemical products.
Fast-food restaurant chain McDonald’s, present locally in a franchise system, is accelerating expansion in Romania, aiming to open nine units in 2025.
Danish group Hartmann Packaging, a producer of moulded fibre egg packaging, wants to buy Dentas Romania, a subsidiary of Turkish group Dentas Kagit, which has a plant in Tartasesti, Dambovita county.
Paval Holding has officially confirmed the sealing of the acquisition of Ethos House of Floreasca, a building sold by Greek businessman Gkotsis Anastasios.
Local investment fund Underline Ventures, launched in 2002 with a $20 million size, has reached a portfolio of 17 tech startups both in Romania and other countries in the region and is on the lookout for new projects.
The shareholders of BRD-SocGen, such as France’s Societe Generale, which owns 60%, pension funds, which own 17% and others, on Thursday approved the distribution of RON737 milion dividends or 50% of the 2024 net profit.
The shareholders of oil company OMV Petrom (SNP.RO) on Thursday approved the distribution of RON2.8 billion in dividends from the 2024 net profit of RON4.2 billion, the budget for 2025 and the new structure of the Supervisory Board with a four-year term, ZF has found.
Hidroelectrica (H2O.RO), the largest company listed on the Bucharest Stock Exchange, announced the signing of the contract with Prime Batteries Technology SRL and Enevo Group SRL on April 24 in order to buy the Li-ion battery storage facility in the Crucea Nord Wind Farm in Constanta County, it said in a press release.
Vastint Romania, part of the VASTINT Group, an international business with more than 35 years of experience in real estate, has signed a new lease with Tchibo Brands Romania, which will relocate its offices to Business Garden Bucharest, Building A, 4th floor, on an 1,130 square meter space.
CTP, the largest listed developer, owner and manager of industrial and logistics space by gross lettable area (GLA) in Europe, has signed a new strategic partnership with Compania Nationala “Posta Romana”, Romania’s state-owned postal operator.
The number of Revolut retail customers in Romania increased by 28% to 4.3 million in 2024, Revolut said in a statement.
Romania’s real estate market had a good start of the year, with a total investment of EUR169 million in the first quarter, real estate consultant CBRE data show. This is more than double the previous quarter and almost the same as in the corresponding quarter of last year, showing investor interest in local assets is steadily returning.
Bucharest hotel market had a solid performance in 2023, further recouping the declines suffered during the pandemic in terms of RevPAR and occupancy rate, while the daily average tariff exceeded the threshold of EUR100/room, according to real estate consultancy Cushman & Wakefield Echinox.
Law firm Schoenherr has assisted Greek group Eurobank in completing the deal with APS Group for the sale of IMO Property Investments Bucharest.
Tineco, the Chinese brand mainly known for its smart cleaning devices, wants to become the leader of Romania’s vertical wet vacuum cleaner segment in the next around three years and capture half of this market.
Distribution company Delgaz Grid, part of E.ON Romania group, has for 2025 budgeted investments of over RON21 million (EUR4.3 million) to modernize more than 33 kms of the gas network of Maramures county.
Dutch company Envipco, a producer of equipment for the selective collection of beverage packaging, has opened an engineering center in Liberty Technology Park of Cluj-Napoca, currently owned by US-held White Star Real Estate.
Transavia, a major poultry manufacturer locally, ended 2024 with RON1.115 billion turnover, up over 10% from 2023. The company’s net profit hit RON277 million, 33% higher than in the previous year, in line with ZF calculations.
Constructii Erbasu group, controlled by Erbasu family, plans to develop hotels in eight cities of Romania, including Bucharest, Oradea and Timisoara, as tourism will be one of the fields that will witness substantial growth locally in coming years.
While Romania’s infrastructure is less developed compared with other countries’ and the country has fewer tourists, the hotel business here proves to be quite solid.19260 items