Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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OMV Petrom Signs SAF Supply Contract with TAROM
11.07.2024
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract... more
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CIS Gaz 2023 Net Profit Up 74.8% To RON28.3M
11.07.2024
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth... more
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Norofert Invests RON17M in Filipestii de Padure Plant Lab
11.07.2024
Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years... more
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Bicycle Maker Eurosport DHS Revenue Shrinks 56.7% To RON232.2M In 2023
11.06.2024
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON232.2 million (about EUR47 million) revenue in 2023, down 56.7%... more
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FAN Courier Completes EUR30M Expansion Of Stefanestii de Jos Warehouse
11.06.2024
FAN Courier, the leader of the parcel delivery market in Romania, has finalized the extension of the warehouse in Stefanestii de Jos, where it is... more
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Hidroelectrica Teams Up With Politehnica University Of Timisoara To Support Innovation And Training Of New Energy Sector Experts
11.06.2024
Hidroelectrica (stock symbol: H2O), the largest electricity producer in Romania, has concluded a partnership with Politehnica University of... more
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Competition Council Looks Into Electrotehno's Takeover By Volta Grup Piatra Neamt
11.06.2024
Romania's Competition Council is assessing the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L. more
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IKEA Romania Appoints New Market Managers For Bucharest Stores
11.06.2024
IKEA Romania has appointed two market managers for its Baneasa and Pallady Bucharest stores, overseeing other customer meeting points across the... more
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tbi bank: Romanians Set To Spend At Least RON500 This Black Friday
11.06.2024
Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is... more
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Electroplast Carries Out over EUR9M Investment To Retool Bistrita Plant
11.06.2024
Electrical cable manufacturer Electroplast is carrying out an investment project valued at over EUR9 million to retool Bistrita plant and expand... more
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InterCapital Asset Management Set to Launch New ETF at BVB By Yearend with Exposure to Slovenia
11.06.2024
InterCapital Asset Management, an independent investment manager of Croatia, with EUR550 million worth of assets under management, wants to launch,... more
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Moldova’s Maib Reports Net Profit of almost EUR57M for Jan-Sept 2024, Up 11% YOY
11.06.2024
Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9... more
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Meta Estate Trust Exits Boutique Residential Project Developed by APX Immo Property in Bucharest
11.06.2024
Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in... more
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Eaton Electro Productie Hits EUR300M Turnover in 2023, Down 7.3% from 2022
11.06.2024
Eaton Electro Productie, the local subsidiary of US giant Eaton, which owns two plants in Maramures county where it manufactures electrical panels... more
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Cake Shop Chain Damarin Invests EUR500,000 in Chocolate Product Lab, Aims to Expand to Bucharest
11.06.2024
Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova.... more
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ARO-Palace Seeks To Operationalize Mercure Brasov City Center And Hyatt Regency Aro Palace In EUR49.3M Investments
11.05.2024
Hotel company ARO Palace Brasov (stock symbol: ARO), controlled by alternative investment fund Transilvania Investments Alliance (stock symbol:... more
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Wet Wipe Maker Europack Media Expects Revenue To Overshoot RON100M Mark In 2024
11.05.2024
Europack Media, a Constanta-based manufacturer of wet wipes established by local entrepreneurs, will overshoot the RON100 million revenue mark this... more
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Paval Brothers Buy Stake Into Lime, Brick And Roof Tile Maker Helios Astileu
11.05.2024
Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, has made a new investment in shares on the Bucharest Stock Exchange... more
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Delgaz Grid, Part Of E.ON Romania Group, Sets Off Modernization Of Iasi Sud Transformer Station In Over RON73M Investment
11.05.2024
Distribution company Delgaz Grid, part of the E.ON group in Romania, on Nov 5 started modernization works at the Iasi Sud transformer station, a... more
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Hikvision Leases 1,300 Sqm Of Office Space In Bucharest's One Cotroceni Park
11.05.2024
Real estate developer One United Properties (stock symbol: ONE), the leading real estate investor and developer of sustainable residential, office... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.