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Park Properties, the developer of SunLake Residence, located on the shores of Lake Fundeni in Bucharest has successfully finalized the sale of all apartments in the first two 12-story buildings of the residential complex and is preparing to start construction of the third phase, an 18-story building.
Deliveries of new retail spaces in Romania in the first half of 2024 totaled 87,400 square meters, significantly up from 30,000 square meters completed in the similar period of 2023, an evolution fueled particularly by the development activity of the second quarter, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Meta Estate Trust, a holding company operating in the real estate field, in the first half of 2024 posted RON6.3 million net profit, double the H1/2023 one.
Starting September 1, 2024, Mihai Tanase, 38, is the new Marketing Director of Dacia brand in Romania and the Republic of Moldova. He will directly report to Mihai Bordeanu, General Manager of Automobile Dacia.
Premier Energy Group, a producer, distributor and supplier of electricity and distributor and supplier of natural gas, ended the first half of 2024 with EUR512.4 million, 10% above the H1/2023 level.
Scandinavian home furnishings retailer JYSK, continues to expand in Romania and is opening two new stores, in Cluj-Napoca and Bucharest, thus reaching a 145-unit network locally.
Austrian builder Strabag ended 2023 with turnover worth almost RON2.2 billion, more than double the previous year, in line with Finance Ministry data.
Adrian Apostu, owner of Dino Parc of Rasnov, Brasov county, is readying another two similar projects, with different thematic, near Bucharest and in Covasna county. Investments in both projects, set to be completed in 2026, will revolve around EUR15 million.
Timisoara-based lighting fixture and system manufacture Elba, a supplier of automotive lights for such groups as Dacia-Renault and Skoda, posted RON301.9 million (EUR61 million) revenue in 2023, an increase of 42% on 2022’s RON289.5 million (EUR58.7 million), ZF has calculated from Finance Ministry data.
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO militaries, intelligence services and the healthcare industry, ended 2023 with more than RON61.2 million (EUR12.3 million) revenue, up 22% from the previous year’s RON49.9 million (more than EUR10 million), Finance Ministry data show.
The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among others on the extension of a EUR40 million loan facility.
Romania media and entertainment market is expected to grow by 2.5% this year, to EUR4.43 billion, with most segments set to register increases, in line with PwC Global Entertainment & Media Outlook 2023-2027 (GEMO) report.
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago period. Life insurance saw the fastest growth pace in the first half.
A Reff & Asociatii lawyer team and fiscal experts of Deloitte Romania assisted local company Helinick, operating in the field of electronic security systems, in the sale process to Convergint, one of the world's largest players in the field.
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6 million net profit, 40% higher than in H1/2023.
The ranking of real estate investors in the local commercial sector is led by Romania ones, who acquired 12 properties, with prices ranging between EUR1.4 million and 44.7 million, in line with research by Fortim Trusted Advisors.
Cybersecurity company Safetech Innovations, with offices in Bucharest, London and Abu Dhabi, in the first half of 2024 registered RON30.2 million revenues at an individual level, up 53%, and RON6.1 million net profit, 58% above the H1/2023 level.
Real estate developer One United Properties in the first half of 2024 posted RON699.4 million consolidated turnover, down 17% from H1/2023, and net profit of RON228.6 million, up 5%.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) reported turnover of above RON66.7 million (EUR13.4 million) for 2023, up 44% from 2022.
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, expects a 30% turnover increase by end-2024, to over RON217.1 million (EUR43.6 million) and over 40% higher net profit than in 2023.18957 items