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The first Swissotel Hotel in Romania has opened in Poiana Brasov, its officials announced on LinkedIn. The hotel should have opened this spring, but work has only been completed recently. However, construction of the hotel was divided into two phases, so the opening came after the completion of the first phase.
Türkiye’s Tosmur Group, which owns the starch plant in Medgidia inaugurated in 2022, has reached 39% progress in implementing the doubling of the production capacity, a EUR75 million investment, Finance Ministry data show.
Average sale prices of apartments, both old and new, increased by 17% in August compared with the year-ago month, the latest data from Storia, the real estate platform of OLX, show.
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, shows that the activity in Romania’s manufacturing industry kept shrinking in August 2024, as companies continued to contend with weak demand conditions.
Hidroelectrica (H2O.RO), the largest electricity producer in Romania, has signed contracts with the consortium formed by Hidroserv and UCMH for the modernization of the Vaduri, Remeţi and Arceşti hydroelectric plants.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of 2024 with EUR23.2 million net profit, an increase of more than 17% on the EUR19.7 million in the year-ago period.
Romania's Finance Ministry raised RON945.2 million from banks on Monday (Sept 2), selling government paper in two auctions, at annual average yields of 6.23% and 6.65%, respectively.
Fitch Ratings has reaffirmed Romania's outlook at 'stable' and the local currency issuer default ratings (IDR) at 'BBB-'.
Romania's Competition Council is analyzing the transaction through which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its subsidiaries G.I. Middle Eastfze – DMCC, G.I. Industrial Asia Holding, SDN. BHD AND Gimek ZRT.
Romania's Competition Council is assessing the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA.
A total of 72% of investors consider the availability of non-repayable grants to be a decisive factor in choosing a country to invest in, according to the EY Attractiveness Survey Romania 2024.
Romania's foreign exchange reserves decreased by EUR392 million over the course of August 2024, down to EUR63.1 billion at the end of the month, compared with EUR63.5 billion at the end of July 2024, central bank data showed on Monday (September 2, 2024).
Genesis Property, one of the leading office building owners in Romania, has secured the BREEAM Outstanding Certification for the F building of the YUNITY Park business campus located in northern Bucharest.
Romania factoring market reached EUR4.33 billion in the first half of this year, up 8% from the same period of last year.
Deloitte Romania's management team expands as of September 1, 2024, following the promotion to directors of employees Ioana Lucaciu, Mihai Ionica and Andrei Stan, from the Audit and Assurance department, Alexandru Stancu, from the Tax department, and Radu Hutan, from the Enabling Services department.
Resource Partners, a major regional manager of private equity funds, has taken over an 80% stake in Vola.ro, leader of Romania’s online tourism market, also present in Poland, Bulgaria and Moldova.
Winemaker Purcari has announced Alex Filip, the company’s deputy CEO, will take over as Group CEO starting January 1, 2025.
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the owners on the market, in line with Trade Registry data.
Farmacia Bajan, one of the most powerful local pharmacy networks, added eight new pharmacies in the first half of 2024, reaching a 40-unit network in several counties- Valcea, Arges or Bucharest.
Entrepreneurial company Agroland Business System (AG.RO) plans to raise funds from investors through a bond issue of up to RON15 million at a coupon rate of 9.75% per annum for four years (48 months), the company said in a report published on the Bucharest Stock Exchange on Friday.18957 items