Libra Internet Bank granted a EUR35.5 million loan to real estate developer Exigent Development for the construction of Phase 6 of Bucharest-based housing compound Exigent Plaza Residence, which includes five buildings with a total of 738 housing units.
Deloitte Romania is expanding its management team by promoting Laura Bobar, from the Tax practice, Alexandru Nae, from Advisory, and Florin Dumitrescu, from Audit and Assurance, to the role of director, effective as of September 2025.
Romania's hourly labor costs adjusted to the number of working days increased by 10.34% in the second quarter of 2025 compared to the same period of 2024, data from the country's statistical office INS showed on Wednesday (Sept 3).
Liviu Stoleru, former CEO of brick manufacturer Cemacon and former CEO of building materials holding ROCA Industry, has been appointed as CEO of Symmetrica, the main player on Romania pavers and curbs.
Agroland Agribusiness, a Romanian entrepreneurial company specializing in farming input sales, part of Agroland group, registered RON1.5 million net profit in H1/2025, up 2% from the year-earlier period.
Law firm Filip & Company assisted investment fund ACP Credit with the granting of a new funding round to PartnerVet group, which operates the most extensive veterinary network in Romania.
Private equity fund Morphosis Capital, set up by four Romanians, has closed its second fund at EUR130 million, above the initial EUR100 million target.
Auchan Romania has opened the 50th franchise store under Simply by Auchan brand, a proximity format launched in June 2024 that targets local entrepreneurs.
The local smartphone market registered a 3.5%-4% decline by number of units in the first half of 2025 and expectations for the second half point to a possibly steeper fall amid budgetary constraints and macroeconomic uncertainties.
AnimaWings, a company owned by Cristian and Marius Pandel, the founders of Christian Tour, will starting this autumn operate 12 new flights, set to connect Bucharest, Timisoara, Craiova, Cluj and Iasi with destinations of Europe and the Middle East.