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Romanian online retail group eMAG together with its financial services subsidiary HeyBlu have acquired 100% of the shares of Orange Money, eMAG has announced on Friday (Jan. 31).
Romanian authorities issued 2,511 residential building permits in December 2024, 8% fewer than in November 2024 and 1.5% fewer than in December 2023, data from the country’s statistics board INS showed on Friday (Jan. 31, 2025).
Romania's national grid operator Transelectrica (stock symbol: TEL) has announced that the 400 kV Resita (Romania) – Pancevo (Serbia) double-circuit overhead power line (OHL) entered commercial operation.
The weight of companies anticipating a headcount reduction in 2025 rose to 11% in January 2025 from 2% in January 2024, reveals a PwC Romania survey.
Brick producer Cemacon has finalized its merger with Euro Caramida, leader of Romania’s ceramic blocks market, according to the company’s officials.
Anglo-Dutch giant Unilever, a leading player on the consumer goods market, is set to shut down its ice cream plant of Veliko Tarnovo, Bulgaria and move part of production to Romania, in Suceava.
Three supermalls with about 130,000 square meters of gross lettable area each are under construction in Romania, as the developers in this country are betting on the improving purchasing power of consumers.
Apparel manufacturer Secuiana based in Targu Secuiesc (Covasna County), ended 2024 with a turnover of RON51 million (roughly EUR10.3 million), up 10.5% versus 2023, in line with calculations by Ziarul Financiar (ZF) daily based on company data and finance ministry data.
German retailer Kaufland has inaugured on Thursday (Jan. 30) its second store in the town of Bragadiru (Ilfov County), thus reaching a network of 188 hypermarkets in Romania.
OMRO IFN, as part of the Filbo group, alongside Filbo Pay S.A. and Easybill Digital SRL, a Romanian company specialized in micro-crediting services and modern technological payment solutions, is listing on Jan. 30, under the Multilateral Trading System of the Bucharest Stock Exchange (BVB), the third issue of corporate unsecured subordinated bonds amounting EUR1.56 million and maturing in 2029.
Romania's Finance Ministry raised RON1.97 billion from banks on Thursday (Jan. 30), selling government paper in two auctions, at annual average yields of 6.98% and 7.45%, respectively.
The number of companies listed on the Main Market of the Bucharest Stock Exchange, which achieved maximum scores at the evaluation of investor communication, grew to 21 in 2024, compared with 16 companies in 2023, according to the Romanian Association for Investor Relations (ARIR).
The executive management of Exim Banca Romaneasca will be ensured by Traian Halalai as Executive President, and by Lidia Stan and Codin Nastase, who started their activity as Vice Presidents of the bank after being cleared by the National Bank of Romania.
Electricity supplier and distributor Electrica (stock symbol: EL) has announced in a stock market report that its Board of Directors appointed Mihai Diaconu to the position of Board Chairman, from February 1, 2025 until December 31, 2025.
Genesis Property, one of Romania’s leading office building owners, established by entrepreneur Liviu Tudor, has appointed Ionel Purice to the position of Chief Executive Officer (CEO).
Romania’s unemployment rate stood at 5.2% in December 2024, lower by 0.1 percentage point than 5.3% recorded in November 2024, data from the country’s statistical office INS show on Thursday (January 30, 2025).
Germany’s Lidl on Thursday opened three new stores, in Sibiu, Suceava and Bascov, for which more than 80 new jobs were created.
Real estate developers in 2024 finalized 14 retail projects, representing both new schemes and expansions of existing ones.
Pastry producer Senneville, an entrepreneurial business launched by David Alb in Timisoara, in 2024 posted EUR5.1 million turnover, up 38% from 2023, particularly amid rising sales in retail networks.
Romanian startup Examin, specializing in AI-powered automation and video analysis, plans to expand to the US.18957 items