In 2024, office building owners will face two challenges, namely, carrying out negotiations with banks to refinance outstanding loans in parallel with the renegotiation of lease agreements with existing tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
The European Commission approved on Friday (Feb 9) an aid scheme worth EUR241 million (RON1.2 billion) notified by Romania to support agricultural producers, in the context of the war waged by Russia against Ukraine.
The company Retele Electrice, a part of PPC group, previously called E-Distributie Dobrogea) has completed the first stage of a project worth over RON45.6 million (of which the updated eligible value is RON30.6 million), which targets the modernization of the energy infrastructure in Constanta.
Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated in Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years.
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS showed on Friday (February 9).
Antibiotice Iasi, the largest Romanian-held pharma producer, is launching eight veterinary products in the range of nutritional supplements, complementing the company’s veterinary prescription portfolio.
Impact Developer & Contractor, the first real estate developer listed on the Romanian capital market, announced the launch of a public offering of registered, dematerialized, unconditional, non-guaranteed and non-convertible bonds according to Decision EGMS No. 2 from 27.04.2023 and the Decision of the Board of Directors dated 15.11.2023.
Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million.
MerchantPro, the e-commerce platform developed by local company Shopmania Net, in 2023 registered EUR1.7 million revenues, up over 20% from 2022, as the company mainly focused its strategy on medium and large online stores.
Bucharest’s Trident dental clinics, a brand including three units in Cotroceni and Herastrau, generated EUR4.5 million turnover in 2023, up over 12% from 2022.
For Rohparma, one of the five largest pharma groups in Romania, and Sf. Constantin Hospital of Brasov, also almost the ten largest private healthcare groups, 2023 topped expectations, amid a high patient inflow.