Romania Feed

Romanian ERP software development company Pluriva, set up in 1998, wants to hit the mark of 2,000 corporate clients using its integrated business management system.

Valcea-based construction materials producer and retailer, controlled by entrepreneur Remus Daniel Nitu, for 2021 reported turnover worth RON489.8 million (EUR99.5 million), up 62% on the year, in line with ZF calculations based on finance ministry data.

Romanian agribusiness company Holde Agri Invest wants to develop a fifth operations nucleus by yearend should it successfully complete a series of underway negotiations, explained Robert Lisenche, an investment manager with the company.

Urban Invest, the developer of the Urban Plaza mixed-use project in Brasov, will invest EUR25 million in building the first hotel to operate under the AC Marriott brand in Romania.

Real estate developer Hagag Development Europe is expanding its presence in the Bucharest office space market, in the niche of small spaces.

A total of 868,000 square meters of industrial and logistics space were leased in Romania in the first nine months of the year, almost double as many as in the year-ago period and already more than the entire 2021, data from real estate consulting company CBRE Romania show.

The real estate and construction sector has attracted around EUR12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to 17.4% at the end of 2021, compared with 9.2% in 2012, data from Romania’s central bank analyzed by the Cushman & Wakefield Echinox real estate consultancy company show.

Romania’s capital Bucharest came out second in a ranking of the most affordable apartments in European capital cities and first among the largest city in the country, Kiwi Finance Real Estate Index data show.

Building materials maker TeraPlast Bistrita reported RON563.6 million turnover in the first nine months of 2022, up 25% from the year-earlier period.

LPP group, active in the mass market fashion field, has leased 80,000 square meters of logistic area from Belgian developer WDP for a warehouse set to serve offline operations, according to ZF sources.

Targu-Mures-based Nova Vita hospital, one of Romania’s largest private hospitals, a business founded by entrepreneur Virgil Mailat, has invested half a million euros in medical equipment.

Fitness center network Stay Fit Gym has currently reached 15 units and by yearend is set to open another five units, explained Alexandru Lascar, co-founder and CEO.

ATP Trucks Automobile, a manufacturer of road freight vehicles, part of ATP Group controlled by entrepreneur Mircea Cirt of Baia Mare, has won a RON13.4 million contract with Viseu de Sus city hall for the delivery of 10 e-buses.

Polish discounter Pepco has leased 50,000 square meters of logistic spaces in CTP Bucharest West. The warehouse will be operated by Kuehne + Nagel Romania, a major player on Romania’s transport and logistics market, according to market sources.

Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase against 2021.

The European Bank for Reconstruction and Development (EBRD) is exploring a RON240 million loan for Distributie Energie Electrica Romania (DEER) company, part of Electrica group.

Cargus, a major player in the local courier market, has signed with CTP, the largest listed developer and manager of industrial and logistics space in Continental Europe, a lease for 3,400 square meters of logistics space in the CTPark Oradea Cargo Terminal project, the only industrial park in Romania with an air cargo terminal.

Suceava-based paving manufacturer Symmetrica, owned by the Stanciu family, has bought a paving factory in Doaga, near Marasesti, Vrancea County, from Somaco, a building materials manufacturer that is part of the Holcim group.

Orange Group Romania ended the first nine months of 2022 with consolidated revenue of EUR1.168 billion, down 1.5% compared with the same period in 2021, as a result of higher equipment sales and lower service revenue, it said on Tuesday.

The Romanian video game development industry closed 2021 with $312 million revenue an increase of 20% on 2020, more than double the 2016 figure, an annual survey by the Romanian Video Game Developers Association (RGDA) shows.