More than 27,000 homes are currently under construction in capital Bucharest and its surroundings, being the largest number of housing units under construction in the region in the modern history of the local residential market, as per the “Romania Residential Market Genome 2022” report released by real estate consulting firm SVN Romania.
Romanian blockchain and artificial intelligence start-up Humans.ai has announced its listing on Liquid, the number one crypto-currency exchange in Japan, thus continuing its expansion on the East Asian market.
Business process outsourcing company CGS Romania Solutions has grown from 3,500 to 4,500 employees during the pandemic.
International rating agency Standard&Poor’s (S&P) has affirmed Romania's sovereign rating at BBB-, in line with the other two major rating agencies and just above the investment grade lower border.
After years of Mamaia and Navodari resorts being on the investors' list, with more than 50,000 apartments and hotel rooms built in recent years, now the focus of developers tends to shift to the southern seaside resorts - Neptun, Jupiter, Venus, Saturn and Olimp.
Romania’s Competition Council has approved a transaction whereby integrated mobility services provider Autonom Services is acquiring Tiriac Operating Lease (Premium Leasing SRL), in line with a stock market statement.
Freshful, an online hypermarket recently added to eMAG’s e-commerce platform group, has exceeded the threshold of 30.000 unique customers in the first six months of operations.
Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said.
Antibiotice (ATB), one of the most important Romanian generic drug producers, celebrates 25 years since its listing on the Bucharest Stock Exchange (BVB). The company’s shares have been trading on the Stock Exchange since April 16, 1997, under the ticker symbol ATB, in the Premium category.
Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.”
Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with Stable Outlook and Viability Rating (VR) at ‘bb-‘.
Romania’s largest electricity producer and the largest state-owned company is valued at RON50 billion (EUR10 billion) by the minority shareholder Fondul Proprietatea (FP.RO) in its latest valuation report (March) published on the Bucharest Stock Exchange on Friday.
Gral Medical Group, held by entrepreneur Robert Serban, plans to open a new oncology hospital in Prahova County, as well as new laboratories, and the total investment budget for 2022 stands at EUR10-15 million.