Casa Rusu, the operator of the furniture stores by the same name has gone insolvent at the request of Rus Savitar, the company part of the same group that operates the furniture plant. The decision comes one year after the Rusus bought back Casa Rusu-Rus Savitar from investment firm Greenbridge, to which they had sold it in 2019.
The volume of construction works in Romania decreased, in unadjusted data, by 3.1% in January-August 2024 and by 2.5% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Friday (Oct 18).
National grid operator Transelectrica (stock symbol: TEL) has announced in a stock market report that the construction works on LEA 220 double circuit Ostrovu Mare – RET (new high voltage power line) are in an advanced stage of execution.
French-held retailer Carrefour has finalized the integration of former hypermarket Cora Lujerului Bucharest, once the best food store in Romania by sales, in the context of its acquisition of Cora chain.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has finalized and grid connected its thirteenth solar photovoltaic power plant in Romania, with a production capacity of 3.2 MWp.
RetuRo, the administrator of the Deposit Return System in Romania, has announced that in September consumers returned 435 million packaging materials, thus reaching a monthly collection rate of above 81%, a result that overshot the record high of August, of 78%.
Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has reached a team made up of over 50 people in the center it opened a year ago in Bucharest and continues recruitment.
Car parts manufacturer Aptiv Technology Services & Solutions in 2023 registered turnover worth RON1.569 billion (EUR317.2 million), 2.3 times higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japanese group Fujikura, for 2023 reported turnover worth RON103.5 million (EUR20.9 million), up 3.85 from 2022, in line with ZF calculations based on Finance Ministry data.