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Businessman Claudiu Aron, owner of Alpin 2003 company, which manages the Alpin Resort hotel compound in Poiana Brasov mountain resort, completed in 2023 the investments in the former Favorit complex in Poiana Brasov, renamed as K2 Alpin, and expects revenue of EUR3.5 million from organizing events in 2024.
This year's ski season, which started earlier than last year, when it snowed as late as February, could bring growth for the hotel business in Poiana Brasov.
Knauf Insulation, a company that is conducting a EUR130 million investment in construction material production in Romania, expects to open its new plant in Tarnaveni, Mures County, set to employ more than 100 people, by the end of the year.
Aegon Pensii has become Carpathia Pensii at the beginning of 2024, following the completion of the transaction between Dutch Aegon and Austria's Vienna Insurance Group (VIG) in 2023.
Law firm Popovici Nitu Stoica & Asociatii has announced the promotion of Camelia Patrascu to Partner, starting from January 1, 2024.
The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's Global Economic Prospects report.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected a new solar photovoltaic (PV) power plant in Romania.
PeliPartners has decided to promote Sandra Gheorghe, Delia Dumitrescu and Andrada Bogeag to the role of Senior Associate, effective January 1, 2024.
ING Bank Romania ended the first nine months of 2023 with total revenue of RON2.5 billion, up 18% year-over-year, and a net profit of RON1.17 billion, up 30% year-over-year, amid reduced risk provision costs and enhanced operational efficiency, in a market with higher interest rates.
Alternative investment fund PAG Private Equity, focused on the Asia-Pacific area, has taken over the majority stake in Food Union Europe, a Lithuanian-held company that also owns Romanian ice cream producer Alpin.
Draghici Dental group moved to industrial park Miroslava of Iasi county at the end of 2023 after an over EUR2.2 million investment project for a new dental technique lab, office spaces and training spaces, explained Dan Draghici, founder of the group.
Farmacia Ardealul, a major regional pharmacy chain, with a 31-year presence on the market of Piatra Neamt, reached RON100 million turnover in 2023.
2024 brings zero square meters of offices in large projects on a Bucharest market accustomed to at least 100,000-200,000 square meters.
2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically. The result is 3% higher than in 2022, in line with data provided by DRPCIV and Autovit.ro, the most powerful car sales platform in Romania.
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, expects the local market to temper its growth in 2024 or even to fall slightly compared with 2023, due to price increases for both utilities and raw materials, which implicitly boosted shelf prices for any product.
Banca Comerciala Romana, Swiss Capital and BT Capital Partners, the three most active stockbrokers on the Bucharest Stock Exchange last year, brokered RON33.9 billion transactions and accounted for 68.4% of the market.
Romania will assemble three electric and two full-hybrid cars as of this year, for the first time ever, considering rising demand for such vehicles.
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, currently has 49 jobs available at its plant in Ghimbav (Brasov County), according to the County Employment Agency in Brasov (central Romania).
Polish software group Symfonia announced on Tuesday (Jan. 9) that it has fully acquired Romanian software company Softeh Plus, taking the first step of its international development plan.19075 items