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Dacia’s Mioveni plant is currently assembling Duster and Jogger, while Sandero and Sandero Stepway are being assembled in Morocco. The Romanian plant will start assembling compact the SUV Bigster at the end of the year.
Private equity firm SARMIS Capital, co-founded by Romanian executive Cezar Scarlat, who has extensive experience in private equity, has become a shareholder in the AEK-Deziclean Group.
Building materials producer TeraPlast Bistrita (stock symbol: TRP) has announced in a stock market report on Wednesday (Sept 11) the decision of the Board of Directors to increase the company's share capital by RON22 million.
Arad-based builder P.A.B, held by the Sandu family, has filed for bankruptcy, according to a court case registered on September 10, 2024.
Beraria H, the company operating the largest beer hall in Southeast Europe, which is located in Bucharest's Herastrau Park, has announced that it won a tender for a plot of land of over 30,000 square meters, located in Romania's north-eastern city of Iasi, where it plans to develop an extensive urban regeneration project.
Romanian-British start-up Ogre AI, which specializes in providing artificial intelligence-based forecasting solutions for the energy sector, has reached a total investment of EUR6 million after recently getting new funding of EUR3 million.
The Foreign Investors Council (FIC) criticizes the quick adoption of an emergency ordinance on tax amnesty by the Government, arguing that although tax amnesty may have certain short-term benefits in terms of tax collection, in the medium and long term it discourages voluntary compliance and brings uncertainties for good-faith taxpayers.
In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more than EUR1 million in technology start-ups, participating in both new and follow on funding rounds.
METRO Romania, the largest wholesaler in the local market, is speeding up investments in the proximity retail segment, by proposing a new store concept - LaDoiPasi Extra, which targets urban and peri-urban communities.
Private healthcare services provider Gral Medical, one of the largest on Romania’s market, controlled by Romanian entrepreneur Robert Serban, has invested EUR7 million in OncoFort Ploiesti, the first oncology and radiotherapy hospital in Prahova County.
Urbanization and the expansion of cities in Romania, through the construction of new housing units, apartment buildings, residential complexes and of new shopping centers in previously underserved areas, have led to an increase in the distance people need to travel to reach malls, as per a survey conducted by Brand Management.
A total 25,936 housing units were put into use in Romania in the first half of 2024, fewer by 6,141 units (-19%) than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Net investments in Romania’s economy totaled RON80.2 billion in the first half of 2024, up 5.6% year-over-year, with the bulk of the mount going to the construction sector, holding a share of 40.6% versus 45.5% in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Sept 11).
Romania's annual inflation took a step back but stayed above 5%, reaching 5.1% in August 2024, after climbing to 5.4% in July 2024, data from the country's statistics board INS showed on Wednesday (Sept 11).
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, is changing its name to SEMA Real Estate in the wake of a rebranding process.
EssilorLuxottica giant, which has recently acquired OPTIBlu and Optiplaza stores, is also investing in local production and building an integrated business on Romania’s optical market.
Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000 customers and 3 million products sold in Romania in eight months since officially arriving on this market. The year-end target is to reach the one million customer mark.
The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), the operator of the power plant in Cernavoda, has decided to extend the provisional mandate of Vasile Dascalu as Chief Financial Officer (CFO) for two more months, for the period between September 10, 2024 and November 10, 2024, the company announced in a stock market report.
Engineering and technology company Simtel Team (stock symbol: SMTL), the national leader in the field of renewable energy, reported consolidated operating revenue of RON98.1 million for the first half of 2024, down 20% year-over-year, and consolidated net profit of RON6 million, down 9% versus the same period of 2023.
The urban reconversion and regeneration project in Cluj-Napoca developed by Iulius on the former site of the Carbochim plant will be called Rivus, the group announced. It will have a total lettable area of 165,000 square meters, 145,000 square meters of which for the retail area and 15,000 square meters of office space.18957 items