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Salt Bank, the first Romanian neobank, has won the award for Best Use of Tech in Retail Banking at London Banking Tech Awards 2024, with the banking boasting a completely digital banking solution developed together with GFT and Engine by Starling partners.
BRD Groupe Societe Generale was designated "Bank of the Year in Romania" for the second consecutive year, during the ceremony organized on December 4, in London, by the British publication "The Banker", part of the "Financial Times" group.
Meat processor Vanbet based in Vaslui (eastern Romania) ended 2023 with a turnover of RON445 million (nearly EUR90 million), up 11.9% from the RON397.7 million (EUR80.6 million) level reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Car parts manufacturer Hella Romania, the local division of Germany's Hella, will be closing its center in Oradea (northwest Romania), as per data on the automotive market, which the company has yet to confirm.
Romanian do-it-yourself (DIY) retailer Dedeman, held by brothers Adrian and Dragos Paval, will be opening a new store on Dec 6, in the northeastern town of Pascani, Iasi County, following an investment of nearly EUR15 million.
Praktiker Real Estate, the property company owned by Turkish businessman Omer Susli, has completed the acquisition of the Muntenia Business Center office building, in central Bucharest, and the transaction is put at roughly EUR8 million.
Amethyst Romania, the network of centers specializing in radiotherapy, will be opening two new centers in 2025, in Piatra Neamt and Satu Mare, respectively, in the wake of an investment of EUR10 million.
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, announces the appointment of Dennis Rijksen as the company's new Chief Executive Officer (CEO), effective January 1, 2025.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.7% in unadjusted data and by 8% when adjusted for seasonality and number of working days, in January-October 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Thursday (Dec 5).
Bucharest office space stock is among the “youngest” in Europe, but also in CEE, with an average age of around 11 years, which is a plus for owners in retaining and attracting new tenants, being the least exposed to the risk of becoming obsolete technologically, from the point of view of construction and sustainability standards in the next 5-6 years, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
The Macroeconomic Confidence Index of CFA Romania Association plunged in November by 13.5 points to 31.4 points, the lowest level since July 2020, shows the association’s latest survey.
Clifford Chance Badea and Clifford Chance Frankfurt have assisted Erste Group Bank A.G. and ING Bank N.V. as Joint Lead Manager and Co-Arrangers, and BT Capital Partners, as Co-Manager, in the deal whereby CEC Bank raised EUR300 million from international markets via the latest MREL bond issue.
Computer and electronics retailer Flanco will open its fourth store of Ploiesti on Friday, December 6th and by yearend reach 16 Flanco Smart Discounter stores.
Luiss is a small furniture producer of Targu-Ocna, which has worked with four and five-star hotels, with Swissotel hotel of Poiana Brasov as its latest project.
November came with a rebound of the increase in prices of old three-room apartments, after a slowdown in October. After the 4.9% increase in August compared with the same month in 2023, the asking prices rose by 5.6% in September and the increase returned to 4.9% in October, only to almost double to 8.5% in November.
Law firm GNP Guia Guia Naghi si Partenerii assisted the Ahold Delhaize "The Lion" Nederland Group, owner of the national retail chain Mega Image, in the acquisition of Profi Rom, in the largest and most complex transaction in the Romanian retail sector.
Bihor-based builder Drum Asfalt, owned by Floare Petroi, ended 2023 with a turnover of RON404.5 million (EUR81.8 million), up 119% from the RON184.8 million (EUR37.4 million) level reported in 2022, Ziarul Financiar (ZF) has calculated based on data on the finance ministry website.
New Kopel Car Import, part of Sixt Group Romania, has signed a contract of RON80.9 million (EUR16.2 million), VAT not included, with Oradea City Hall (northwest Romania), for the delivery of 30 BYD electric buses, 7 slow charging stations and 2 fast charging stations.
LDC Group, a European poultry meat and poultry product business, has entered the Romanian market by buying the majority stake in Calibra M&D Impex, a local business in the same field.
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) has announced in a stock market on Dec 4, 2024 that the Iernut power plant in Mures County, a project worth EUR269 million for a capacity of 430 MW, is due to be completed until June 30, 2025.18957 items