Delivery platform Bringo has leased a 600-sqm area in Eminescu Offices office building developed by Akcent Development in downtown Bucharest and managed by the Asset Services team of Cushman & Wakefiled Echinox.
Romania in November posted record high inflation, of 16.8%, a 20-year high, and December is most likely to bring the peak of this growth cycle, at around 17%, according to ING Bank analysts.
Crowdfunding platform Ronin, launched a year ago, plans to accelerate the pace of campaigns next year.
Medical device manufacturer Hamilton Central Europe plans to invest around EUR18 million to raise a new building near the current plant of Giarmata locality, Timis county.
TenarisSilcotub had to give up investments earmarked for 2022 because of the soaring energy prices.
French-held retailer Carrefour will inaugurate a new warehouse in Romania in 2023, which will be located in the east of the country. The retailers’ officials say the decision for the logistics development comes as a result of the expansion of the store chain.
Romanians spent EUR261 million in the top ten footwear store chains in Romania last year. The amount is 6.5% lower than in the benchmark year 2019, the last year before the pandemic, according to ZF’s calculations Cushman & Wakefield Echinox data.
Fifteen flights operated by low-cost airline Wizz Air to and from Romania have been cancelled on Monday (Dec 12) alone.
MIRDATOD Prod, owner of the Lactate de Ibanesti dairy brand, plans to diversify distribution channels to direct consumers next year, owner Mircea Todoran says.
Romania's state-owned postal operator Compania Nationala Posta Romana has inaugurated its first subsidiary abroad on Monday (Dec 12), in Chisinau, the capital city of the Republic of Moldova.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Monday (Dec 12) that Unit 1 was reconnected to the national power grid on the evening of December 11, 2022 and it has reached nominal power on the morning of December 12, 2022.
Romania's finance ministry raised almost RON1 billion on Monday (Dec 12) through two government bond issues, at annual average yields of 7.05% and 7.48%.
The Meta Estate Trust (MET.RO) holding, which operates in the real estate industry, has acquired several residential units within projects carried out on the Romanian seaside by developer Sopra Estate Holding, as per a press statement.
The limited access to lending, combined with young generations’ preference for more flexibility, stimulate the rental market and create the necessary framework for the emergence of the built-to-rent residential developments”, said Andreea Hamza, Senior Director Living, JLL Romania.
Corina Vasile has taken over the position of executive director of the Romanian Employers Association in the Software Industry (ANIS), starting December 2022.
Inflation is a top concern for two-thirds of consumers in Romania, followed by the invasion of Ukraine and healthcare costs, according to the “Consumer Sentiment Survey” conducted by McKinsey&Company Romania in November 2022.
Faced with high inflation, an energy crisis and falling consumer confidence, the biggest opportunity for tech companies in 2023 is to adopt an active mergers and acquisitions (M&A) strategy – according to EY's annual report "Top 10 opportunities for technology companies in 2023".
Romania's trade balance posted a deficit of EUR28.4 billion in January-October 2022, higher by EUR9.1 billion compared with the first ten months of 2021, data from the country's statistics board INS showed on Monday (Dec 12).
Grup Serban Holding, a Romanian entrepreneurial company active in several fields of agriculture, has relaunched four Granero-branded product ranges by changing recipes and rebranding.
THR Marea Neagra, controlled by Transilvania Investments, is putting up six hotels for sale and another six for rent, meaning that after tenders are completed the company will have no hotels left under management.