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Startup Telerenta, backed by US investment group NCH (New Century Holdings), saw significant growth in 2024, with more than 10,000 rented electronic devices via its platform, over three times more than in 2023.
Rinf Outsourcing Solutions (rinf.tech), a Romanian company specialized in software development, consultancy and BPO, has opened a new office in India, company representatives said in a statement.
Romania's Finance Ministry raised RON1.9 billion from banks on Thursday (March 6), selling government paper in two auctions, at annual average yields of 7.29% and 7.65%, respectively.
Romania's Competition Council has signed the financing contract for the development of a new state aid register – Regas 2, a platform for monitoring and controlling state aid granted from national and European funds.
Law firm Clifford Chance Badea has advised Alpha Bank S.A. and Alpha International Holdings S.MS.A. in connection with the 100% sale of Alpha Leasing Romania IFN and Alpha Insurance Brokers to Vista Bank Romania.
Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, ended 2024 with a turnover of RON17.3 million and targets a nearly 10% increase in 2025 despite market challenges, company representatives said in a statement.
Romania's hourly labor costs adjusted to the number of working days edged 0.76% higher in the fourth quarter of 2024 compared to the third quarter of 2024, data from the country's statistics board INS showed on Thursday (March 6).
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 4.1% in unadjusted data and by 3.2% when adjusted for seasonality and number of working days, in January 2025 compared to January 2024, data from the country’s statistics board INS showed on Thursday (March. 6).
Apa Nova Bucuresti, part of Veolia group, has announced an investment budget of around EUR40.5 million for 2025 to overhaul Bucharest water and sewage infrastructure.
Innobyte, an e-commerce software development company, part of Life is Hard group, ended 2024 with RON14.03 million turnover, up 11.65% from 2023.
CPI Romania, one of the largest players on Romania real estate market, has signed the extension of leasing contracts for a total area of over 12,000 square meters with Deloitte Romania and WPP, two of the main tenants in office building The Mark, whose occupancy rate has now reached 99.7%.
Computer and electronics retailer Flanco in the first three months of 2025 opened three new Smart Discounter stores, in Arad, Ramnicu Sarat and Giurgiu, reaching 19 such units.
IT, manufacturing and industry, as well as healthcare and pharma companies have been the most dynamic ones on the office leasing market in the past five years, generating over half of new office space demand, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.
February brought an even stronger increase of prices on the Bucharest market of old three-room apartments than January. After the 8.6% advance of December against the same month of 2023, in January the market accelerated by 9.5% the prices asked by sellers and in February the pace went beyond 11%.
Luca, a Romanian pretzel shop brand, held by entrepreneur George Adragai via Tinervis Group, has grown to nine stores in Poland in three cities – Warsaw, Wroclaw and Katowice, the corporate website says.
The significant growth on the logistics and industrial space market, along with the high appetite of investors for projects, could make the US-held Panattoni return to Romania for development, market sources say.
On March 3, Transilvania Investments Alliance (stock symbol: TRANSI) sold a package of 78.67 million shares held in the company Turism, Hoteluri, Restaurante (THR) Marea Neagra (stock symbol: EFO), which manages several hotels and restaurants in Romanian seaside resorts.
MedLife, the market leader in private medical services in Romania, announces the launch of a new product dedicated to start-ups and SMEs (companies with between 10 and 250 employees) – LevelUp, a subscription that combines complete wellness, lifestyle and medical screening solutions.
DM Sport & Energy, a company owned by Turkish businessman Metin Doğan, has secured EUR10 million funding from Garanti BBVA for the development of the National Golf & Country Club in Dambovita County, a EUR30 million sports and residential project.18957 items