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Romania has become Europe’s third largest vacuum cleaner exporter after Germany and Austria and one of the top ten exporters in the world, as a result of the manufacturing investments of Germany’s Kärcher.
Thermal-insulating panel producer Topanel ended 2024 with EUR60 million turnover and for 2025 budgets a 10-15% increase on production capacity expansion.
The real estate market will further be shaped in 2025 by the same economic and political vectors, which prevailed in 2024, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox.
Viarom Construct, owned by Marius Daniel Badina, has budgeted RON330 million (EUR66.3 million) revenue for this year, up 25% from last year, according to ZF calculations based on data submitted by the company.
Distribution company Delgaz Grid, part of the E.ON group in Romania, expanded the natural gas distribution network in 10 localities in the counties of Iasi, Bacau, Arad and Sibiu (over 68 kilometers), over the course of 2024, following total investments of approximately RON16.5 million (EUR3.3 million).
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Jan. 23 that Mihai Marcu and Nicolae Marcu, the company's founders, sold 500,000 M shares each, at the price of RON5.8 per share.
Real estate developer Zacaria, part of international Alf Mizzi & Sons group established in Malta, is starting work on its first retail park, in Cisnadie, near Sibiu.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 7.4%, in nominal terms, in November 2024 compared with October 2024, but dropped 3.4% compared with June 2023, data from the country's statistics board INS showed on Wednesday (August 14).
British American Tobacco (BAT), the leader of the Romanian tobacco and nicotine products market, is recognized as Top Employer in Romania and 4 other markets in the South Eastern European Area in the company, meaning that 5 of the 10 BAT European organizations recognized as Top Employers are from this Area, the company has announced in a press statement on Thursday (Jan. 23).
Romania's Finance Ministry raised RON1.3 billion from banks on Thursday (Jan. 23), selling discount treasury bills (T-bills) due in January 2026, at an annual average yield of 7.03%.
Losan Depot, a company active in the field of distribution of materials for the furniture and interior design industry, has leased a space of 3,500 square meters in CTPark Bucharest North.
Fashion retailer Reserved, held by Poland’s LPP, is opening a store in Bucuresti Mall, in the space vacated by Zara, one of the best-known fashion brands in the world.
Examin, a Romanian startup specializing in AI-powered automation and video analysis, has raised EUR200,000 in pre-seed funding from a private investor, company representatives said in a statement.
Romania’s industrial sales (on the domestic and external markets) decreased by 3.8% in nominal terms in November 2024 compared with October 2024, but rose 5.2% versus November 2023, data from the country’s statistical office INS showed on Thursday (Jan. 23).
Real estate consultancy CBRE Romania assisted Rus Savitar, one of Romania’s leading furniture producers, founded by Rusu family, in the sale of the plant in Dudestii Noi, Timis county, to UE Furniture, a global leader in the production of chairs, armchairs and sofas.
The Macroeconomic Confidence Index of CFA Romania rose in December, by 6.7 points to 38.1 points, but remains at an extremely low level amid high uncertainty about the direction of Romania economy.
Ascendia (ASC.RO), a developer of e-learning solutions for various fields, such as corporate training, healthcare and entertainment, on Wednesday notified the Bucharest Stock Exchange of having signed a contract with a private educational beneficiary worth RON14.9 million plus VAT.
Business angel network TechAngels, the largest group of private technology investors in Romania, ended 2024 with total investments of EUR3.777 million in tech startups, 25% more than in 2023. Most of the investment was made in the second half, when it reached EUR2.757 million, almost triple the first half level.
ROCA Industry (stock symbol: ROC1), a Romanian holding specializing in building materials production, has announced the appointment of Camelia Ene as Chief Executive Officer (CEO) of the company, starting January 2025, according to a press statement released on Jan. 22, 2025.
Uniprest Instal, a wholesaler of heating installations based in Targu-Mures and controlled by Dutch group Rensa, has signed a lease contract for 3,000 square meters within ELI Park Iasi.18957 items