Romania's finance ministry on Monday (Nov 25) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price unacceptable, central bank data showed.
The Bucharest Stock Exchange (BVB) opened “in the red” on Monday, Nov 25, with all stock market indices dropping after the results of the first round of the presidential elections put independent candidate Calin Georgescu in the lead.
Retele Electrice Muntenia, part of PPC Group in Romania, has launched a public tender of over RON445 million on SEAP platform for the design and execution of maintenance and modernization works on medium and low voltage electrical networks in Ilfov and Giurgiu counties.
Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the world’s most expensive shopping destinations, as Bucharest rents have in the past year posted the seventh strongest increase among the 138 markets analyzed globally in the latest “Main Streets Across the World” report drawn up by real estate consultancy Cushman & Wakefield.
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest.
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments amounted to EUR2 million.
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own funds in two repacking lines at its Timisoara plant.
In the past 16 years, the number of microenterprises, small and middle-sized companies has gone up by almost 40%, with the growth primarily supported by a rising number of microenterprises, in line with Trade Registry data.