The almost EUR20 million investment of Poland’s Elemental Holding Group, the largest electronics and electrical equipment recycling operator in Europe, in an electronics recycling plant near Deva, Romania, will be completed in about one year and a half to two years.
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (Nov 6), selling government paper in two auctions, at annual average yields of 5.94% and 6.79%, respectively.
Romania's Competition Council has approved the transaction through which Axel Johnson Inc. intends to take over part of the capital of La Fantana SRL, a company which it will control together with Cristian Amza.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.4% in unadjusted data and by 7.7% when adjusted for seasonality and number of working days, in January-September 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Nov 7.
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and Romania, according to the annual study by Coface.
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey, while 20% see stagnation and 20% a decline.
New retail project deliveries are likely to cross the 200,000-sqm threshold this year as well, close to the level of 2023, when developers built 213,000 square meters of new retail spaces, a seven-year high, as revealed by real estate consultancy Cushman & Wakefield Echinox data.
BVB in the first nine months of 2024 registered standalone operating revenues worth RON30 million, 18% lower than in the year-earlier period, and RON11 million net profit, down 39%.
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract sealed by the two companies.
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth almost RON297.4 million (EUR60.1 million), down 15% from 2022, in line with ZF calculations based on Finance Ministry data.
Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years ago it wanted to become a major player on the farming biotechnology market, explained Vlad Popescu, president of the board of directors, Norofert.