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Private pension funds' total assets reached RON156.44 billion at the end of December 2024, up 19% versus 2023, in line with data provided by Romania’s Financial Supervisory Authority (ASF).
Retele Electrice Romania, part of PPC Group in Romania, has launched a public tender on the electronic public procurement platform SEAP, worth about RON30 million (excluding VAT), for the modernization of the 110/20 kV Sannicolau Mare transformer station in Timis County.
Romania's finance ministry has announced the start of a pre-stabilization period on March 26 for a new issuance of euro-denominated bonds, via two tranches with 7 and 14-year maturities, which will subsequently be listed on the Luxembourg Stock Exchange.
Romanian entrepreneurial company Secom, a dietary supplements, teas and cosmetics importer, wholesaler and retailer, ended 2024 with a turnover of EUR40.8 million, up 13% year-over-year, the company announced in a press statement.
Romania’s general consolidated budget posted a deficit of RON30.24 billion in January-February 2025, or 1.58% of the gross domestic product (GDP), compared with a deficit of RON28.99 billion or 1.64% of the GDP in January-February 2024, Finance Ministry data show.
Heineken Romania will start the local production of Amstel beer in its units of Miercurea-Ciuc and Craiova.
Dedeman, Romania’s largest DIY retailer, has recently acquired a land plot of around 6 hectares close to Giurgiu customs.
A number of 12 companies, with 12 distinct projects and a total investment value of around RON1.5 billion (over EUR300 million) will benefit from non-reimbursable support this year via InvestALIM scheme, 2023 edition, out of a total of 37 companies that asked from state aid, according to REI, a group of companies specializing in drawing EU funds and state aid, which readied five winning projects.
Grampet Logistics, part of GRAMPET Group, founded in 1999 by Gruia Stoica and Vasile Didila, will start production of polymer-modified bitumen on the industrial platform of former RAFO refinery of Onesti.
Healthcare operator MedLife has authorized its Board of Directors to increase the syndicated loan by up to EUR50 million, thus reaching a total of EUR330 million.
Phone brand Motorola Mobility, which Chinese giant Lenovo revived, managed to boost its share of the Romanian smartphone market to 10.7% by quantity, from 9.2% in 2023, in line with GfK data quoted by the company’s local representatives.
Mures-based Ceragrim, which owns a pig and bovine farm, is building a pork and beef processing unit in Ungheni, with EU6.3 million from the Just Transition fund.
Romanian startup Questo, which developed a mobile app for city exploration games of the same name, doubled its revenues to EUR3 million in 2024.
Retele Electrice Romania, part of Greece’s PPC Group, launched an about RON25 million (excluding VAT) tender on the SEAP public procurement system to buy concrete enclosures for transformer substations, which will be used in the investment projects conducted in 2025-2026.
Employees have grown increasingly concerned about work-personal life balance and offices remain a central element in this sense, with more than half of them (55%) saying the ideal office must be zen, while 38% would like to have the “food truck” concept, with work options that are flexible, diverse and easy to personalize depending on needs, reveals a survey conducted among 1,175 respondents by Genesis Property nationwide.
Real estate holding Meta Estate Trust has made an exit from the investment in housing project The Lake Home developed by Novarion, which generated a 20% IRR.
2024 was the best year for the five-star Epoque Hotel Relais & Châteaux, with the hotel registering a 7% revenue increase against 2023 on the hotel activity segment, to RON14.5 million.
Romanian-held agribusiness group Rodbun expects RON800 million (EUR160.7 million) revenue in 2025, an increase of about 15% on 2024’s almost RON700 million (EUR140.7 million).
UNIQA insurance companies in Romania, which are part of the Austrian group by the same name, ended 2024 with gross written premiums of EUR144 million, an increase of 20% on 2023. They also made EUR16 million profit together, 70% higher year-on-year, UNIQA said.
Pharmaceutical producer Biofarm (BIO.RO), has called shareholders for extraordinary and ordinary general meetings on April 29 to vote among others for the distribution of the RON74.4 million net profit of 2024.19260 items