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Bucharest office space occupancy costs have increased by around 10% in the past two years amid the rising building operational costs and the indexing of rents against inflation, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, operator of the Neptun Deep project, has announced the start of the construction works for the steel jacket, platform support structure.
Autonomy Services, an entrepreneurial company controlled by Stefan brothers, is readying to raise funding on the Bucharest Stock Exchange through a 7-year EUR30 million bond issue via a private placement.
Entrepreneurial company Grup Serban Holding will operate EUR62.5 million investments in the next four years, in a French fries processing unit in Bacau county and the expansion of cold storage capacity for vegetables.
Mineral water producer Apemin ZIZIN, owned by Lazar family of Brasov, ended 2023 with turnover worth RON105.5 million (EUR21.3 million), up 8.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Metallic tile roofing producer Blachotrapez, owned by the Polish group of the same name, in 2023 registered turnover worth RON111.3 million (EUR22.5 million), down 17.3 million from 2022, in line with ZF calculations based on Finance Ministry data.
Entrepreneurial group Agroland is set to announce the takeover of a new farm in the coming weeks, via which it will enter bio egg production and is currently working to develop a national network of small bio farms together with the franchisees of the store network, explained Horia Cardos, Agroland CEO and founder.
Frédéric Lamy, the French executive who had run the Leroy Merlin business in Romania for nine years, until June 2023, was appointed country director for Romania within furniture and home decor retailer XXXLutz.
Unirea Shopping Center, a company that manages two shopping centers in the cities of Brasov and Bucharest, reported net profit of RON737,386 for the first half of 2024, compared with loss of RON3.6 million in the year-earlier period, as per its half-yearly financial report published at the Bucharest Stock Exchange.
Fashion brand Zara, held by Spanish group Inditex of billionaire Amancio Ortega, has closed its store within the Bucuresti Mall shopping center.
Greek toy and interior decoration retailer Jumbo will be opening its first store in the city of Cluj, within the future Rivus shopping center developed by Iulius and Atterbury Europe.
Romania's Competition Council fined the peripheral equipment manufacturer OKI Europe Limited a total RON3.35 million for limiting exports and fixing resale prices, as well as monitoring them, between October 2015 and March 2020.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its 7th regional center for DRS packaging collection, located in the commune of Aricestii Rahtivani (Prahova County).
Alexandru Dincovici, with a vast experience in research both in the private and in the academic sectors, took over the position of general manager of the Romanian Business Leaders (RBL) Foundation, starting October 1, 2024.
Romania's foreign exchange reserves increased by EUR2.5 billion over the course of September 2024, up to EUR65.77 billion at the end of the month, compared with EUR63.18 billion at the end of August 2024, central bank data showed on Tuesday (Oct 1, 2024).
Alfa Group, through the company Iride Development, has acquired from CPI Romania the largest part of the IRIDE Park project, the related logistics and two nearby buildings, for potential developments subsequently, as per an agreement signed by the two parties on October 1, 2024.
Romanian company Aliant, an integrator of IT solutions and provider of Hyper Automation and Managed Print Services solutions, announces the acquisition of a 67% ownership stake in the company SoftPepper, a player in the business software development market in Romania, representatives of Aliant said in a press statement.
MET Group, a Swiss-based European energy company with activities in natural gas, and power markets, focused on multi-commodity wholesale, trading and sales, has concluded a partnership with Celsius for the construction of a tank ship designed for transporting liquefied natural gas (LNG).
KPMG Romania and Moldova announced the promotion of Andreea Niculae, Ioana Zenaida Rizea-Popp, Irina Rubeli and Mihaela Ionescu to the role of Partner and six other professionals to the role of Associate Partner.
RoPower Nuclear SA, the project company for the development of small modular reactors (SMRs) in Romania on the site of the former coal-fired powerplant in Doicesti, set up by Nuclearelectrica and Nova Power & Gas, has recently obtained $99 million funding from the part of the Export-Import Bank of the USA (EXIM) for the development of the SMR project of Doicesti.18957 items