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Germany's Bosch Group is expanding its activity on the Romanian market by establishing a new company in Timisoara, Bosch Global Business Services SRL, which previously operated as a division of Bosch Service Solutions, active since 2007.
Romania's finance ministry on Thursday (January 18) raised RON900.3 million selling discount treasury bills maturing in January 2025, at an annual average yield of 6.01%.
2024 looks quite optimistic for Romania’s economy and, by extension, for the local real estate market, Colliers consultants predict in ”Top 10 Predictions Romania 2024” report.
Nearly 70% of Generation Z employees say they need for at least three days a week in the office, with 62% already working full time from the office, as revealed by a survey of 1,208 multi-generational respondents nationwide, conducted by Genesis Property.
Tei Group, which owns Farmacia Tei and Bebe Tei retail chains, has rented about 2,400 square meters in ElectroPutere Mall in Craiova, held by France’s Catinvest.
Global security and aerospace company Lockheed Martin and Aerostar Bacau (ARS.RO), which is already doing maintenance for Romania’s F-16 fleet, have inaugurated a maintenance and repair center for S-70 Black Hawk helicopters in Bacau.
Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by joining the Beneficiary Name Display Service (SANB), provided by TRANSFOND.
One in four buyers purchase their cars online, but dealerships remain crucial for the transition to electric vehicles (EVs), according to the latest EY Mobility Consumer Index (MCI).
Law firm Filip & Company law firm assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, in finalizing the acquisition of BCR Chişinau S.A. from Banca Comerciala Romana S.A.
Starting from January 18, 2024, Cluj County Council is present on the Bucharest Stock Exchange (BVB) with its first issue of bonds, the local stock market announced in a press statement.
Ascendis Group, a leading player on the training and consulting market in the field of professional development in Romania, ended 2023 with turnover worth around EUR11 million, up 5%, reporting the best results in its 26-year history.
Furniture producer Spectral Mobila, with owns a plant near Barlad and a store network under the same name, ended 2023 with net turnover worth EUR6.7 million, up 16% from 2022, while its number of stores reached 34, after the company opened 11 units countrywide last year.
Romania ranks 14th in the EU by the number of new passenger cars registered in 2023, with a volume of 144,611 units, up 11.8% from 2022, out of which 15.368 were full-electric vehicles and 44,217 were hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.
Michelin Romania, part of French group Michelin, one of the world’s biggest tire producers, currently has 143 jobs available for the Zalau plant.
The premium segment of Romania’s smartphone market, including phones with prices of above EUR600, will this year go beyond the EUR1 billion threshold by value and reach over EUR1 million by quantity, in line with estimates by the local representatives of South Korea’s giant Samsung, one of the world’s biggest makers of smartphones.
Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car market has not yet recovered to pre-COVID levels.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Jan. 17 about the signing of a significant contract by Dendrio Solutions, part of the Cloud& Infrastructure pillar of the Group.
Real estate developer IMPACT Developer & Contractor (IMP.RO) announced in a stock market report on Wednesday (Jan. 17, 2024) that it signed six new contracts with Brasov-based RCTI Company, in which it owns a 51% stake.
Kastamonu Romania (formerly Prolemn), held by Turkey's Kastamonu Entegre, expects similar results to last year's for its wood processing plant in Reghin in 2024. The company ended the first nine months of 2023 with more than EUR100 million revenue and estimates full-year revenue to reach EUR130 million.
Latvia's Eleving Group, a global multi-brand fintech company operating in the vehicle and consumer financing business, has obtained an investment of EUR10 million for the development of business operations in the Romanian market.19075 items