Cushman & Wakefield Echinox: Stock of industrial & logistics spaces reaches 7.6 million sq.m in 2024
Developers in Romania completed new projects with a leasable area of 572,000 sq. m in 2024, reflecting a 27% growth when compared with 2023, while the total industrial & logistics stock in (…)
Feb 11, 2025
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Stay Fit Gym Aims to Double Center Network in Next Two Years to 100 Units
Stay Fit Gym, the fitness network with the largest coverage at urban level in Romania, is set to open its 50th center, Stay Fit Gym Ghencea, in February 15, marking a significant milestone in its (…)
Feb 11, 2025
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Romania Logistic and Industrial Space Development Rebounds in 2024
Logistic and industrial space developers in Romania in 2024 completed over 570,000 square meters, up 27% from 2023, so that the stock of this type of spaces reached around 7.6 million square meters.
Feb 11, 2025
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Buildings in Romania to be illuminated in red to mark 112 Emergency Number Day
Over 100 public institutions and private company buildings across Romania will be illuminated in red on Tuesday, February 11, to mark European 112 Emergency Number Day. The initiative belongs to (…)
Feb 11, 2025
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Romanians show modest support for boycott against retailers
Without a clear focus and highly politicised, the boycott announced by the ultranationalist presidential candidate Calin Georgescu against the foreign modern retailers, allegedly discriminating (…)
Feb 11, 2025
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Lefties Opens 3,000-Sqm Store in Iulius Mall Suceava, Reaches Four Units in Romania
Lefties, a brand owned by Inditex group, Zara owner, announced the opening in the first half of this year of a new store, with a 3,000-sqm area in Iulius Mall Suceava, owned by IULIUS and (…)
Feb 11, 2025
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Software Developer Transart Ends 2024 with EUR7M Turnover, Up 8% YOY
Cluj-Napoca-based software producer Transart in 2024 generated EUR7 million turnover, 8% higher than in 2023.
Feb 11, 2025
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Drum Asfalt Aims to Invest over EUR5M in 2025
Bihor-based builder Drum Asfalt, owned by entrepreneur Floare Petroi, plans to invest over EUR5 million this year in machinery and car fleet modernization and is readying to sign new contracts.
Feb 11, 2025
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Nationalist opposition in Romania pushes to overthrow government
Saluting the opposition’s success in toppling President Klaus Iohannis, the leader of the Alliance for the Union of Romanians (AUR) George Simion announced that a no-confidence motion against the (…)
Feb 11, 2025
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Stanleybet raises RON 15 mln with 4-year bonds with 11% coupon
Stanleybet Capital, a subsidiary of the Game World Group group of companies, one of the main sports betting and gambling operators in Romania, has concluded its public bond offering with 148,124 (…)
Feb 11, 2025
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Output of Romania’s Hidroelectrica’s down 21% y/y in 2024
State-controlled hydropower group Hidroelectrica (BVB: H2O) announced that its net electricity production dropped by 21% y/y to 13,864 GWh in 2024, according to the company’s preliminary (…)
Feb 11, 2025
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United Petfood invests EUR 35 mln in its second Romanian plant
The Belgian group United Petfood, one of the largest pet food producers in the world with factories in multiple European countries as well as in the USA, is investing EUR 35 million in a (…)
Feb 11, 2025
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Bawi – Swietelski wins EUR 100 million contract to develop railway infrastructure of Constanta port
The Romanian railway infrastructure company CFR Infrastructur? reportedly close to signing the contract, estimated at almost EUR 100 million, with the Bawi - Swieteski association for the (…)
Feb 11, 2025
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German car parts producer TMD Friction increases production operations in Romania
German braking technology developer TMD Friction, which owns the Textar brake pad brand, is preparing to move part of its Leverkusen (Germany) facility to Romania, in response to "evolving market (…)
Feb 11, 2025
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Gas price in Romania soars to 2-year record on cold weather and export to Moldova
The price of gas increased significantly on February 10 on the most important market in Romania, the day-ahead market operated by the Romanian Commodity Exchange (BRM), reaching over RON 450 (EUR (…)
Feb 11, 2025
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Belgium’s United Petfood Invests EUR35M In Plant In Dambovita County
Belgium’s United Petfood giant, one of the world's largest pet food producers, with plants in many European countries and in the US, is investing EUR35 million in a Romanian production facility in (…)
Feb 11, 2025
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Online Furniture Retailer Somproduct Files For Insolvency
Somproduct, one of the largest online retailers of furniture and home décor in Romania, filed for insolvency at the end of last year. At the same time, Cadar Capital SRL, another company of the (…)
Feb 11, 2025
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