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Romania's national grid operator Transelectrica (stock symbol: TEL) was notified on Jan. 20, 2025 that international rating agency Moody’s Investors Service had published the long term rating affirmation ”Baa3”, while keeping the outlook stable, the company has informed the shareholders and the interested parties in a stock market report on Jan. 21.
Vetex Farm, based in Bucecea, Botosani County, a broiler breeding complex owned by Sergiu Grosu, will increase its capacity by 30-40% to 150,000 chickens per batch. The total investment is EUR8.5 million, part of which comes from non-repayable EU funds.
Footwear retailer Benvenuti, majority controlled by local entrepreneur Dan Pavel, expects its 2025 turnover to hold at least at the 2024 level when it neared the RON200 million (EUR40 million) threshold.
AnimaWings, an airline held by the founders of Christian Tour, Cristian and Marius Pandel, will launch a new regular route between Cluj-Napoca and Bucharest on January 15, 2025.
Sales of houses and apartments increased by 7.6% in Bucharest-Ilfov region and by 6.6% across Romania, in 2024 compared to 2023, according to data from the National Agency for Cadaster and Real Estate Advertising (ANCPI), synthesized by real estate consulting firm SVN Romania.
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.19782 items