CTP, the largest listed developer, owner and manager of industrial and logistics space by gross lettable area (GLA) in Europe, has signed a new strategic partnership with Compania Nationala “Posta Romana”, Romania’s state-owned postal operator.
The number of Revolut retail customers in Romania increased by 28% to 4.3 million in 2024, Revolut said in a statement.
Romania’s real estate market had a good start of the year, with a total investment of EUR169 million in the first quarter, real estate consultant CBRE data show. This is more than double the previous quarter and almost the same as in the corresponding quarter of last year, showing investor interest in local assets is steadily returning.
Bucharest hotel market had a solid performance in 2023, further recouping the declines suffered during the pandemic in terms of RevPAR and occupancy rate, while the daily average tariff exceeded the threshold of EUR100/room, according to real estate consultancy Cushman & Wakefield Echinox.
Law firm Schoenherr has assisted Greek group Eurobank in completing the deal with APS Group for the sale of IMO Property Investments Bucharest.
Tineco, the Chinese brand mainly known for its smart cleaning devices, wants to become the leader of Romania’s vertical wet vacuum cleaner segment in the next around three years and capture half of this market.
Distribution company Delgaz Grid, part of E.ON Romania group, has for 2025 budgeted investments of over RON21 million (EUR4.3 million) to modernize more than 33 kms of the gas network of Maramures county.
Dutch company Envipco, a producer of equipment for the selective collection of beverage packaging, has opened an engineering center in Liberty Technology Park of Cluj-Napoca, currently owned by US-held White Star Real Estate.
Transavia, a major poultry manufacturer locally, ended 2024 with RON1.115 billion turnover, up over 10% from 2023. The company’s net profit hit RON277 million, 33% higher than in the previous year, in line with ZF calculations.
Constructii Erbasu group, controlled by Erbasu family, plans to develop hotels in eight cities of Romania, including Bucharest, Oradea and Timisoara, as tourism will be one of the fields that will witness substantial growth locally in coming years.
While Romania’s infrastructure is less developed compared with other countries’ and the country has fewer tourists, the hotel business here proves to be quite solid.
Motorola Mobility Romania, part of Chinese group Lenovo, in 2024 registered EUR60 million sales in Romania, up around 20% from 2023.
United Romanian Breweries Bereprod (URBB), the maker of the Tuborg beer, ended 2024 with RON681 milion (some EUR137 milion) revenue, an increase of 3% on 2023, Finance Ministry data show.
Premier Energy, (PE.RO), a supplier and distributor of electricity and natural gas, has announced that the NN-managed pension funds reached a 10.7% stake in it, up from the previous 5.92%.
Ebm-papst Automotive & Drives Romania, present on the Romanian market since 2017, where it has a factory in Oradea, is betting on further local investments in the development of production and an R&D center.