Capital city Bucharest remained the most dynamic office lease market in the first half of 2024 too, with local companies covering 84% of the total volume of office spaces transacted in Romania, as per an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
City Grill Group, one of the leading actors in the Romanian restaurant industry, founded by Dragos Petrescu, ended the first half of 2024 with a turnover of EUR31 million, up 18% from the same period of 2023, and carried out investments worth EUR1.5 million.
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, notified the Bucharest Stock Exchange of having signed the papers to complete the acquisition of OTP Bank Romania in its entirety from OTP Bank Nyrt and Merkantil Bank Zrt on July 30.
Local startup QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification solutions using video means, is investing half a million euros in 2024 in Origin, a global platform for the complete digitalization of interraction with clients.
InterCapital Asset Management, Croatia’s biggest independent investment manager and the manager of InterCapital BET-TRN UCITS EFT, the newest ETF tradeable at the Bucharest Stock Exchange, announced the value of assets managed by the fund has topped EUR15 million.
Investment fund Innova Capital has sold Optical Investment Group, a leading retail of optical eyecare and eyewear products in Romania, which includes retail operations (OptiBlu and Optiplaza stores) and wholesale ones, to one of the world’s largest players on the optical market, giant EssilorLuxottica.
The National Railway Supervision Council (NRSC), part of Romania's Competition Council, has fined Grup Feroviar Roman (GFR) a total of RON3.49 million for failing to comply with the measures imposed by the national regulatory body and to allow all railway transport operators access to the service infrastructures it operates at CF Palas station in the Constanta Port area.
Romania's Competition Council has approved the transaction whereby Cyprus' Premier Energy PLC, through Premier Renewable Invest Co S.R.L., intends to acquire Eolica Dobrogea One S.A.
Despite technology transforming consumers’ retail experience, allowing them to seamlessly shop between online, social media, in-app and in-game, 32% of consumers still crave the personal service that only in-store shopping can provide, according to the latest release of data from the EY Future Consumer Index (FCI) – which surveyed more than 23,000 consumers across 30 countries.
Bucharest Stock Exchange (BVB) has launched a new index, Bucharest Exchange Trading Energy, Utilities and Financials (BET-EF), dedicated to the best represented sectors in the capital market, energy, utilities and financial ones, except for investment funds.
Raiffeisen Bank Romania, the sixth largest bank by assets, ended the first half of 2024 with RON820 million net profit, down 6.17% from the year-earlier period.
Supply crunches and the desire of no longer depending on suppliers have pushed several Romanian builders to invest in their own building materials plants.
Aircraft parts manufacturer Sonaca Aerospace Transilvania, the local subsidiary of Belgian group Sonaca, for 2023 reported turnover worth RON62.3 million (EUR12.6 million), up 4.6% from 2022, in line with ZF calculations based on Finance Ministry data.