The Dulcinella brand, originating in the Republic of Moldova and present in Romania since 2019, has paid EUR800,000 for a 19,000-sqm land plot in Bucharest, where it wants to relocate cake production from Piatra Neamt.
DIY store chain Leroy Merlin, the second largest player on this market in Romania, with a 21-unit network nationwide, has leased 9,000 square meters in Pitesti Shopping Park, developed by Square 7 Properties, and will open its first store in the locality this autumn.
Romania’s Competition Council is carrying out an investigation on the IT&C equipment market, targeting several companies in the field with regard to tenders organized during the 2019-2024 period for purchases related to some IT infrastructure projects, in line with data two of the targeted firms provided at the BVB.
The Bucharest technology and operations center of London Stock Exchange Group (LSEG) posted strong expansion in 2023, with turnover, net profit and number of employees soaring.
The local TV set market in 2023 remained relatively steady both by sales volume, of around 1.3 million units, and sales value, which neared EUR400 million, in line with data provided by the local representatives of South-Korean giant Samsung, one of the world’s biggest TV set manufacturers.
Horse Romania, the local unit of HORSE Powertrain Limited, has started manufacturing the HR12 1.2-litre gasoline engine for the new Duster III.
Aluminum aircraft parts maker Universal Alloy Corp, a member of the Montana Group of Austrian entrepreneur Michael Tojner, ended last year with RON1.2 billion revenue, up 38% from the previous year, public data from the Finance Ministry show.
Five-star JW Marriott Hotel in Bucharest ended 2023 with revenue of RON175 million, up nearly 14% from 2022, as per finance ministry data, thus reporting new record revenue.
In the context in which the number of investors in mutual funds increased by 20,000 in April 2024 versus March and by 78,000 so far in 2024, all large asset management companies in Romania saw significant increases in assets, with BRD AM becoming the largest local investment management company, managing assets worth RON4.7 billion.
NN Pensii, Romania's largest Pillar II private pension fund and the leading investor at the Bucharest Stock Exchange, in April slightly reduced its exposure in OMV Petrom (BSE:SNP), the only oil and gas producer in Romania.
Home appliances producer De’Longhi Romania, the largest exporter in Cluj County, ended 2023 with a turnover of RON2.443 billion (nearly EUR494 million), up nearly 17% from RON2.089 billion (EUR423.7 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.