Pascani-based Kosarom group of firms, majority held by Apostol family, is doubling its investment budget in 2025 against 2024 to RON25.8 million (over EUR5 million).
The average asking price for an old three-room apartment in Bucharest built between 1978 and 1990 rose to EUR123,077 in May, according to the ZF Real Estate Index compiled with partnership with SVN Romania. The price was 1.5% or nearly EUR2,000 higher than in April and 14.6% or EUR15,769 higher than in May 2024.
Germany’s Continental Group, the largest actor in the Romanian automotive industry, with almost 20,000 employees, has announced a number of streamlining steps that will affect about 870 jobs at its ContiTech and Automotive units in Romania.