Real estate developer Hagag Development Europe, held by businessman Yitzhak Hagag, has signed a partnership agreement with investment group Niro Investment Group to buy 50% in the H Herastrau Park project, which includes retail and office space, near the Herastrau Park.
US restaurant chain Popeyes will be opening its first restaurant in Romania's city of Iasi, in the new shopping center Moldova Mall, on April 17.
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, targets a significant improvement in financial and operational performance, with total revenues of RON125.3 million, up 20% versus 2024, according to the company's consolidated revenue and expense budget for fiscal year 2025.
IT infrastructure and security integrator Arctic Stream has proposed a RON1.4/share dividend to its shareholders, up 75% from the one proposed in 2022, at its first general ordinary meeting of shareholders as a listed company.
Life in Codes, Atlassian solution partner and reseller in Romania, ended 2024 with EUR7 million turnover, up over 7% from 2023. Of total turnover, EUR1.2 million came from Romania market, significantly higher from the previous year.
Mobexpert, a major furniture producer and retailer locally, relocated the Cluj-Napoca store and opened it last week, with the new space having an over 4,300-sqm area.
Brewer Bermad in 2024 posted RON16 million net profit, 41.7% above the 2023 level. Revenues went up by 10.7% to RON46.8 million, while expenses neared RON40 million, 17.3% higher than in 2023.