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The average net salary in Romania decreased by 4.3% in nominal terms in January 2024 compared to December 2023, to 4,859 (EUR991), data from the country's statistics board INS showed on Thursday (March 14, 2024).
SIFI Cluj Retail SA Bucuresti, a company in which Cyprus-registered SIF Imobiliare fund owns 96.3%, announced the signing of an agreement for the sale of all the real estate and fixed assets part of its portfolio for EUR24.3 million.
The six entrepreneurial companies part of Morphosis Capital Fund I portfolio in 2023 ended the year with overall turnover worth EUR100 million, up 49% from 2022.
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, wants to reach a team of over 50 employees in the two offices it owns in Romania, in Bucharest and Brasov, and seeks to hire 12 specialists.
Wallberg, the real estate developer controlled by entrepreneur Valentin Morar, has started construction of the fourth housing building part of XCity Towers, the 1,000-apartment compound located in northern Timisoara.
New loans granted by banks in Romania to households and companies amounted to RON140 billion in 2023, which translates into an increase of 10.4% compared to the volume of new loans accessed in 2022, in line with data centralized by the platform Dreptul La Banking (the Right to Banking) created by the Romanian Banking Association (ARB).
SIF Imobiliare, held by Lion Capital, said in a stock market report that it sold its entire ownership stake in SIFI BH Retail Oradea, a company that leases out real estate assets, for a total amount of EUR9.5 million and RON474,900.
The clients of Investimental, the newest broker on the Romanian capital market, have opted for diversified investments over the last seven months, showing a strong preference for a mix of high-growth US tech stocks and stable, high-yield Romanian companies and government bonds.
Grupul Medisprof, which holds in Cluj Napoca the largest private oncology hospital in western Romania, has inaugurated a similar medical facility in Piatra Neamt (northeastern Romania), within a project funded by ING Bank.
More than 40 teams from Romania, Bulgaria, the Republic of Moldova, Ukraine, Serbia and Hungary have signed up for Startup Reaktor, an internationalization program through which they have access to pre-seed investments and the opportunity to expand into Western Europe and Scandinavia, the representatives of the program said in a statement.
tbi bank, present on the Romanian, Bulgarian and Greek markets, reported a consolidated net profit of EUR42.4 million for 2023, 16% higher than the EUR35.5 million profit reported for 2022.
The share of industrial and logistics leasing transactions outside of capital city Bucharest reached a record high in 2023, while transactions in Bucharest touched a record low, with the total volume of lease contracts nearing 770,000 square meters, slightly lower than the record high of 830,000 square meters reported in 2022, as per the annual report released by Colliers.
Electricity distribution company Distributie Oltenia will be investing RON48 million in a project aimed at expanding the electrical distribution networks in the towns of Simian and Obarsia Closani (Mehedinti County).
Law firm Filip & Company provided legal advice to ROCA Industry, Romania’s leading construction materials holding company, in relation to the process of increasing its share capital by a total RON71.7 million and to the transfer of its shares from the AeRO Premium Market to the Main Market of the Bucharest Stock Exchange.
Romania’s industrial production decreased by 4% in unadjusted data in January 2024 versus January 2023 and by 3.9% when adjusted for seasonality and the number of working days, data from the country’s statistics board INS showed on Wednesday (March 13, 2024).
Romania's annual inflation grew at a slower pace in February 2024, by 7.2% compared to February 2023, data from the country's statistics board INS showed on Wednesday (March 13).
Specialists continue to be the most difficult candidate category to recruit, particularly in fields such as construction, finance – accounting or manufacturing, where employers generally face a talent shortage.
The latest EY Reimagining Industry Futures Study confirms generative AI’s (GenAI) status as a breakthrough technology, with 43% of the 1,405 enterprises surveyed investing in it. Overall, GenAI ranks third among the nine emerging technologies tracked in the study, with “Automation and AI” ranking first.
The Finance Ministry starting Wednesday, March 13, launched a new edition of Tezaur T-bills program, with 1 and 3-year maturities and annual interest rates of 6.1% and 6.85% respectively.
Tucano, a coffee shop network whose story began in Chisinau 12 years ago, ended last year with 50 units and overall sales worth EUR17 million.19058 items