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Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases
Consumption hit an all-time high in 2024 in Romania and the market continues to present major growth opportunities should current tendencies maintain, believe Colliers consultants, as the local market boast the biggest non-food retail growth rate in the EU.
5 to go coffee shop chain is in final talks with two new investors, Invenio Partners and ACP, the former Mezzanin Management, which want to take over part of the stock owned by the company’s founder, Radu Savopol, and the entire stake of Mozaik Investments, market sources told ZF.
Aquila, the market leader in integrated distribution and logistics services for the consumer goods market in Romania and the Republic of Moldova, has sealed an agreement to acquire 100% of the shares of KITAX Kft, a top five distribution company in its sector, with nationwide coverage in Hungary.
Almost one years since its arrival on the Romanian market, Turkish online retailer Trendyol has attracted 1.2 million buyers who have logged at least one order and delivered more than 11 million items locally.
BT Property, an alternative investment fund specializing in real estate investments, has announced on Dec. 13 the acquisition of Oradea-based shopping center Prima Shops from Oasis Group, a local company active in the sector of developing and managing retail properties and held by businesspeople Klaus Reisenauer and Kurt Wagner.
Romania's current account deficit stood at EUR24.2 billion in January-October 2024, compared with EUR18.4 billion reported in the same period of 2023, considering that the deficit from the international trade in goods widened to EUR26.9 billion, central bank data showed on Friday (Dec. 13, 2024).
Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and southeastern Europe.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Dec. 13 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON5.82 per share.
Romania's industrial production increased by 6.2% in October 2024, in unadjusted data, compared to September 2024, and by 0.4% when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Friday (Dec. 13).
In the third quarter of 2024, the employment rate for the working age population (15-64 years) was 63.3%, decreasing by 1.1 percentage points compared with the level recorded in the second quarter of 2024, data from Romania's statistics board INS showed on Friday (Dec 13).
Romania's Competition Council has approved the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their low liquidity there and the fact that, as the manager says, listing on the LSE has reached its purpose as liquidity appears to have flowed back to the local market due to the broadening of the foreign institutional investor base active in Romania.
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user threshold.
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025.
Dan Air, the airline founded by former pilot Dan Uhas, has transported 187,000 passengers and launched flights to 13 destinations in the first year of operations at George Enescu International Airport of Bacau.
German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania.
Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has announced in a press statement that it has signed a Memorandum of Collaboration with the Technical University of Civil Engineering of Bucharest.
While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the forefront in Romania, according to Daniel Anghel, Country Managing Partner, PwC Romania.
Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average yields of 6.49% and 7.19%, respectively.18957 items