The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to delay construction works to see to what extent the extra cost can be absorbed by higher rents, real estate consulting firm Colliers said in an analysis.
For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain production, while increasing at the same time its forecast for the country's sunflower crop.
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its previous projection of 3.5%, and versus the 2.9% forecast of the Ciuca government.
While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an AI maturity level that achieves a strong competitive advantage, according to new global research from Accenture.
The level of stress faced by more than half of working women (53%) is higher than a year ago, and 46% say they are exhausted, according to Deloitte’s Women @ Work 2022 study conducted globally.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 6.28% a year on Tuesday (June 28) from 6.26% on Monday (June 27), as per central bank data.
Local startup iFactor, which has developed an online alternative funding platform for SMEs, is readying to open a new funding round that is set to aid it expand on the UK market as well.
Farmaceutica Remedia, a major group on Romania’s pharma market, owned by entrepreneur Valentin Tarus, has budgeted RON621.5 million turnover in 2022, up 30% on the year.
Building company Drum Asfalt of Bihor, owned by Floare Petroi, has EUR1 million investments underway by yearend, with the money set to be directed to work equipment and personnel.
Transport Trade Services (TTS), the biggest freight shipper on the Danube, listed on the Bucharest Stock Exchange, has got the greenlight for the funding of a project related to the modernization of Giurgiu harbor infrastructure, in Ramadan area, via EU funds, in a total investment worth RON23.8 million (EUR4.9 million), according to the company’s officials.