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In December 2024, 18.7% more homes were sold in capital city Bucharest than in November 2024, namely, a total 5,136 properties, compared to 4,326 units bought in the penultimate month of 2024, official data from the National Agency For Cadaster and Real Estate Publicity (ANCPI) showed on Tuesday (Jan. 14, 2025).
Libris.ro, one of the largest online book retailers in Romania, posted significant growth of its book sales volume of 21% in 2024 compared with 2023. The average order stood at RON135 in Romania and at RON240 abroad.
OMV Petrom (stock symbol: SNP), the largest company in Romania by turnover, reached total hydrocarbon production of 107.2 thousand barrels of oil equivalent per day, in the fourth quarter of 2024, settling flat against the previous quarter but dropping by 2.5% compared with the fourth quarter of 2023.
Law firm PeliPartners announces a series of promotions within the team, recognizing the expertise, dedication and collaboration that define the firm's organizational culture. Six lawyers have been promoted: four to partner positions and two have become managing associates, strengthening the team.
Finland's Wolt has completed the acquisition of Tazz, one of the leading delivery platforms in Romania, from eMAG, which marks Wolt’s entry into the Romanian market.
Romania's annual inflation rate stood at 5.1% in December 2024, remaining unchanged from the level recorded in November 2024, data from the country's statistical office INS showed on Tuesday (Jan. 14).
Real estate developer Genesis Property, founded by Romanian entrepreneur Liviu Tudor, announces the appointment of Flavia Schoech as Chief Operating Officer (COO)
Romania's Competition Council has fined Boehringer Ingelheim RCV GmbH & Co KG (Austria) a total RON128.47 million (EUR25.81 million) for abusing its dominant position in Romania’s market for medicines treating chronic obstructive pulmonary disease (COPD).
SelfPay, which owns the largest network of self-service payment terminals in Romania, has signed a EUR1.5 million credit contract with Banca Transilvania.
The European market’s interest for high quality chicken meat is rising and Romania’s joining the Schengen zone is bringing new opportunities. In this context, Poultry Investment, the company behind Puiul de Craiesti brand, has an ambitious plan: to export 25% of its production in the coming year.
IPEC, one of IKEA’s main suppliers in Romania, for 2025 forecasts turnover worth RON158 million (EUR31.7 million), up around 15% from last year, in line with ZF calculations based on company data.
Organic farm input producer Norofert has expanded its irrigation system to 400 hectares and is set to make investments for another 350 hectares in 2025, according to Vlad Popescu, president of the company’s board.
Europack Media, a Constanta-based wet wipe maker, is aiming for a 15% increase in revenue this year, after having overshot the RON100 million revenue mark in 2024, its officials said.
BCR Pensii and BRD Pensii, Pillar II private pension funds, which manage pensions for 1.4 million people, bought into pharmaceutical producer Antibiotice Iasi (ATB.RO), spending RON50 million during the almost RON300 million private placement in November when Infinity Capital Investments (INFINITY.RO) halved its stake to 13%.
Oresa Industra, one of the active players on the Romanian logistics and industrial space market, has announced the lease of 6,000 square meters to Sellpy, European leader in second-hand sales services.
Romania's current account deficit stood at EUR26.3 billion in January-November 2024, higher by nearly EUR7 billion than the EUR19.7 billion level reported in the same period of 2023, central bank data showed on Monday (Jan. 13, 2025).
Romania's Finance Ministry raised RON1.1 billion from banks on Monday (Jan.13), selling government paper in two auctions, at annual average yields of 6.65% and 7.70%, respectively.
ING Bank expects the National Bank of Romania to keep the key rate at 6.50% at the upcoming January 15 meeting, given persistent inflationary risks, the bank said in a report on Monday (January 13, 2025).
Real estate consulting firm Griffes announces it intermediated transactions for over 85,000 square meters of office space, which is the largest transaction volume recorded in 2024.
Favorable economic factors, such as inflation stabilization, interest rate cuts and real income growth, are aiding real estate sector consolidation as a vital pillar of the continental economy, points out an analysis drawn up by Cushman & Wakefield Echinox.18957 items