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Virgil Soncutean, the Romanian executive who has been running the operations of Allianz-Tiriac since 2016, was nominated for a third term at the helm of the insurer.
Romania’s power consumption was 5.2% lower in the first four months of 2022, as households used 3.2% less electricity and industrial consumers 6.4%, a report of Romania’s energy market regulator ANRE shows.
Real estate developer One United Properties has started selling apartments part of One Lake Club Phase 2 compound, a project with a gross development value of EUR35.3 million.
Grup Serban Holding, a Romanian entrepreneurial company active in several fields of agriculture, listed on the AeRO market of the Bucharest Stock Exchange under the GSH ticker, has bought four grain storage bases, completely functional, in the wake of a RON17.7 million deal, VAT not included.
Aramis Invest, Romania’s biggest furniture producer, controlled by local entrepreneurs Vladimir Iacob and Marius Selescu, in 2021 generated turnover worth RON1.6 billion, up almost 38% on the year.
French DIY retailer Leroy Merlin has a cautious investment strategy for the coming period, given the current economic context, but is focusing on expanding its store network now comprising 20 units.
Polish discounter Pepco has reached a 285-unit network in Romania, making the local market the second most important for the retailer after the country of origin, Poland.
Transgaz (TGN.RO), the natural gas grid operator in Romanian handling 90% of the natural gas used in the country, has recently obtained a RON300 million loan from Raiffeisen Bank, the company said in a report to the Bucharest Stock Exchange.
Timisoara-based lighting fixtures and systems manufacturer Elba, which supplies headlights for Dacia-Renault and Skoda, ended 2021 with a turnover of RON253.5 million (EUR51.5 million), up 25.7% versus 2020, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Iulius Group founded by businessman Iulian Dascalu has launched a new retail concept along with the opening of Family Market Miroslava, a proximity project carried out in partnership with the Miroslava City Hall.
Nordis Group, a real estate developer of premium hotel and residential complexes, has started the delivery of apartments within the Nordis Mamaia complex used both as real estate investment and as hotel space.
Romania’s media and entertainment industry is expected to grow by 10% to a total EUR3.4 billion in 2022, taking it above the pre-pandemic level of EUR2.53 billion in 2019, with most segments expected to grow, according to the 23rd edition of the PwC “Global Entertainment & Media Outlook 2022−2026” (GEMO).
The Romanian capital market was influenced by the shock of the war in Ukraine, but the impact was smaller than the crisis generated by the emergence of the COVID 19 pandemic, and in the long run the stock market indices have been on an upward trend, a Financial Supervisory Authority (ASF) analysis of the first quarter of 2022 shows.
Pharmaceuticals group A&D Pharma – Dr.Max Group has leased over 5,000 square meters within the CTPark Craiova East industrial park, in a new building due to be completed by the end of 2022.
Meta Estate Trust, a holding company operating in the real estate sector, on Friday said Romania’s Financial Supervision Authority (ASF) approved its Initial Public Offering (IPO) prospectus.
Romania will have the 17th highest proportion of electric vehicle sales across Europe by 2035, with a total of 23.62% of newly registered cars predicted to be electric.
The mergers and acquisitions (M&A) market in Romania saw a number of 109 deals in the first half of 2022, an increase of 25% on the year-ago period, but the estimated value was lower, $2.5 billion instead of $4.2 billion, an EY analysis shows.
The African Industries Group (AIG) holding, present in Romania through investments in agriculture, distribution of agricultural equipment and real estate, has acquired the fitness center chain World Class Romania from Polish investment fund Resource Partners.
Romanian electro-IT retailer Altex forecasts a nearly 10% increase in its 2022 turnover, which translates into a slower rate than in the recent period due to the rampant inflation that has already started to reduce Romanians’ purchasing power.
New car registrations in Romania surged by 23.1% (the biggest increase in the European Union) on the year to 58.712 units in January-June 2022, placing the country 13th in the EU, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Friday.19080 items