Found 19243 news
Smartwings, the largest airline in the Czech Republic, has recently announced the launch of multiple flights from Prague to various European destinations, including Romania's capital city Bucharest.
ING Bank has lowered its economic growth forecast for Romania in 2025 to 0.3% from its previous estimate of 0.8% and sees an “inflation hump” forming over the next 6-9 months, with inflation above 8% between September and October 2025 and marginally below that in December.
Leasing transactions in modern office buildings in capital city Bucharest exceeded 100,000 square meters in the first half of 2025, which is lower by more than a third compared to the same period of 2024 – a sign that the market remains cautious amid both domestic and international uncertainties, according to Colliers consultants.
Romania’s industrial sales (on the domestic and external markets) grew by 2.1% in nominal terms in January-May 2025 compared with the same period in 2024, due to the mining industry spiking 16.7% and the manufacturing industry growing by 1.6%, data from the country’s statistical office INS showed on Thursday, July 17.
Paval Holding, the special purpose vehicle of DIY retailer Dedeman's owners, brothers Adrian and Dragos Paval, will buy the Greek chain Praktiker Hellas and acquire the company and related commercial properties - owned by Eurobank - for an amount exceeding EUR130 million, Greek media reports.
Henri Coanda Airport (Otopeni), the largest airport in Romania, served 7.8 million passengers in the first half of 2025, a record traffic level, up 6% compared with the year-ago period and one million passengers more than in the first half of 2019, considered the best year in tourism until the pandemic, data the company officials sent to ZF show.
Etihad Airways, the national airline of the United Arab Emirates, announces the expansion of its network as part of its ongoing strategy to increase air traffic to Abu Dhabi and adds seven new destinations, the airline said in a statement.
JT Grup Oil (JTG.RO), a company operating in the fuel distribution market, has notified the capital market that Turkish businessman Kilic Sinan bought 2.25 million shares from Jean Paul Tucan, founder and majority shareholder of the company listed on the Bucharest Stock Exchange last year.
Law firm RTPR assisted private equity firm ROCA Investments in the sale of its stake in artisanal dairy producer Artesana.
Amazon Development Center, a company established in 2005 in Romania's city of Iasi by US giant Amazon, will be firing more than 500 people who work at the Retail Business Services Division.
Private equity firm Booster Capital has bought into Artesana, a leading dairy producer, replacing ROCA Investments, another private equity firm that had been an Artesana shareholder since 2020.
Jakub Kotala, previously CFO of the global Construction Chemicals division, has been appointed Chief Executive Officer (CEO) of Saint-Gobain Romania.
Real estate developer Nusco, present in Romania since 1997, is beginning preparations for the construction of the third phase of the Nusco City residential project, on the site of the former Pipera industrial site, with an estimated investment of EUR130 million.
The total volume invested in income-producing real estate assets – office, retail, logistics and industrial spaces and hotels – in Romania reached approximately EUR391 million in the first half of 2025, which is lower by 6.5% than the EUR418 million level reported in the same period of 2024, according to real estate consulting firm Cushman & Wakefield Echinox.
Fitch Ratings has announced in a press statement that the fiscal package unveiled by Romania's Government led by Prime Minister Ilie Bolojan is expected to have a substantial budgetary impact, estimated at 1.1% of GDP in 2025 and at 3.5% in 2026.
Edenred, the digital platform for services and payments, has appointed Matei Ciobanu to the position of Growth & Development Director for Eastern Europe and Japan, starting with July 1, 2025.
A multi-jurisdictional legal team from the Clifford Chance Bucharest and London offices, coordinated by Partners Madalina Rachieru-Postolache and Kate Vyvyan, advised electricity supplier, distributor and producer Electrica Group on its first green bond issue on foreign markets, which was oversubscribed more than 11 times and raised EUR500 million.
Romania's manufacturing sector is a pillar of the country's economy, contributing significantly to the gross domestic product (GDP) and holding a substantial share in exports and in the workforce, according to a Deloitte analysis.
Romania's energy output decreased by an annual 10% in January-May 2025, with the biggest decline, of nearly 30%, being recorded by hydro power generation, as per data released by the country's statistical office INS on Tuesday (July 15).
Real estate developer Redport and businessman Dan Sucu, founder of Mobexpert, have launched the Vitaly Est showroom on Tuesday and started work on the residential project by the same name in the Pantelimon district of Bucharest.19243 items