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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.
Outsourcing service provider Genpact Romania, the local subsidiary of the Indian group by the same name, continues investment in Iasi by opening a new delivery center, its officials said in a statement.
UniCredit Bank and the European Bank for Reconstruction and Development (EBRD) have signed a synthetic securitization agreement for a portfolio of nearly EUR775 million, which includes loans for small and medium-sized enterprises (SMEs) and for companies, granted by UniCredit Bank.
OMV Petrom (stock symbol: SNP), the largest company in Romania by turnover, reached a total hydrocarbon production of 107.5 thousand barrels of oil equivalent (boe) per day, in the first quarter of 2025, lower by 3.8% compared with the first quarter of 2024 and higher by 0.28% against the fourth quarter of 2024.
Alfa Group, held by entrepreneur Alin Niculae, is currently building the second phase of the Cloud9 Residence residential project in Bucharest's north-eastern area of Pipera, and is readying to launch the third phase of the project in 2025, Razvan Brasla, CEO Cloud9 Residence, told the conference "ZF Trends in the residential market 2025."
International hotel group Accor announces the introduction of Handwritten Collection brand on the local market.
Coffee shop network 5 to go, with almost 600 locations, is launching a new concept, Espresso, a franchise model whereby entrepreneurs can use a “turnkey” mobile retail trailer to sell the products, conceived as a business with a low investment cost, suitable for areas with limited commercial spaces.
Romania’s national grid company Transelectrica has budgeted total RON8.54 billion revenues for this year, 8.1% higher than in 2024, and RON153.3 million net profit, down 74.3% from the 2024 figure.
Fashion producer and retailer Nissa is investing RON35 million to expand Craiova plant. More than half of the sum comes as EU funds drawn via Just Transition scheme.
Romania’s egg exports reached more than EUR53 million in 2024, slightly higher than in 2023, ZF has found from National Statistics Institute (INS) data.
Airline Swiss International Air Lines, held by Germany’s Lufthansa, has increased the number of flights between Cluj-Napoca and Zurich, Switzerland from three to four a week since April 5, Avram Iancu International Airport of Cluj-Napoca announced in a statement.
Financial group CEC Bank posted ROIN687.9 million net profit in 2024, an increase of 30% on 2023, while assets increased by 19% to RON99.33 billion.
State-run Hidroelectrica (stock symbol: H2O.RO), the largest electricity generation company in Romania, has signed a contract with the winning bidder of a tender for the Li-ion battery storage project in the Crucea Nord Wind Farm.
Romania's Finance Ministry raised RON897 million from banks on Monday (April 7), selling government paper in two auctions, at annual average yields of 7.10% and 7.22%, respectively.
BRD acted as Green Loan Coordinator for the RON1.7 billion loan granted by a syndicate of banks to the company Distributie Energie Oltenia (DEO), the electricity distribution company in the Oltenia region and one of the four electricity distributors in Romania.
The National Bank of Romania (NBR) has decided at its Board meeting on Monday (April 7, 2025) to keep its key interest rate unchanged at 6.5% a year, being the bank's third consecutive rate freeze so far in 2025.
Astra Rail Industries, a company controlled by U.S. giant Greenbrier, has decided to close the railcar factory in Romania's Arad.
Liberty Galati, the largest integrated steel producer in Romania, is likely to restart its primary production operations on April 22, as announced by Cornel Moisescu, the new Head of Primary at Liberty Galati.19260 items