Economy
AROBS initiates merger process of three companies
The merger process marks the first step in a series of similar initiatives that AROBS's management plans to implement in the long term.
French and German families will benefit from sizable price reductions this year, while Romanian ones will see an increase.
VTEX has achieved the AWS Consumer Goods Competency, distinguishing itself as a provider that has demonstrated technical proficiency and proven customer success.
The collaboration supports the launch of Petswell Chewz!, a revolutionary range of functional dog treats.
CTPark Bucharest South is strategically located between Bucharest's ring road and the future A0 Motorway, with direct access to the A0.
Corinthia Hotels Group, the operator of Grand Hotel du Boulevard, actively supports local art and culture through initiatives that promote artists in the local communities.
Banca Transilvania's shareholders approved BT's merger with OTP Bank Romania at an Extraordinary General Meeting.
Starting with 1 January 2025, the RO e-Invoicing system will also apply to invoices issued in B2C (business to consumer) relationship.
During the EY-led process, the team provided full sell-side M&A assistance, structuring and coordinating the execution of the transaction.
The total value of the investment amounted to RON 7.788.593,26, of which 70% represents European funds, which was successfully attracted by the REI Grup team.
Romania's economy has fallen short of expectations, note Colliers consultants, who initially predicted a promising local economic scenario for 2024 that failed to materialize.
Compared to 2022, consumers in 2023 and 2024 have adopted a more strategic approach, planning their purchases in advance.
The ROBrands platform, the only premium beauty platform dedicated to local producers, through which DOUGLAS supports Romanian brands and Romanian producers, is constantly updated.
The transaction, which is subject to necessary approvals is expected to close in the first half of 2025.
The state, by removing some tax breaks and delaying payments to builders, has left many contractors facing unstable cash flows.
The distribution network was upgraded by replacing about 8.8 km of cables and more than 1,800 switchboards.
Galaxy VXL is compatible with both Lithium-ion and VRLA batteries, and with its Live Swap function.
Focus on EPS insulation materials with optimized sustainability profiles such as Neopor BMB and Neopor Mcycled.
The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025.
MAS has entered an agreement for the disposal of all its strip malls in Romania to M Core Group for €49 million. The deal pending approval from local authorities could be completed by March 2025.
Tresor Le Palais in Timișoara has joined the Curio Collection by Hilton brand, marking the first transformation of this kind on the local market.
Investors view the logistics sector with optimism and, to a lesser extent, retail over the next 12 months, according to a Cushman & Wakefield Echinox study conducted among the most important investors and developers in Romania.
Located in Pipera, Bellemonde residential development is designed to offer a complete living experience, featuring expansive common areas and a low housing density.
Altex Romania retailer has purchased DIY network Brico Dépôt Romania from Kingfisher in a deal worth €70 million. The closing is expected to take place in H1 2025.
The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).
Ema Iftimie, Globalworth Romania's Managing Director, delves into the most pertinent aspects of Globalworth's Romanian-focused developments, answering key questions that showcase the company's vision and future in this market. This interview was first published in Property Forum's annual CEE TOP 100 publication.
In recent years, the RCA market in Romania has undergone a series of significant changes, which have caught the attention of both local and international actors.
The team of lawyers has advised throughout the entire process, including on aspects regarding financial structuring, regulatory and due diligence.
The EIB loan provides long-term funding in euros or Romanian lei at favourable conditions compared with alternatives in the market.
74% of Salt Bank clients hold higher education degrees, 12% above the 62% average for the banked population in Romania aged 18-55, according to a study by Mercury Research.
Initial election result did not cause one of the worst market declines of past decade, even if the sharpest reactions have historically been tied to legislative uncertainty.
Amid higher prices expectations, buyers remain wary, and many intend to cut back on gifts for themselves or to switch to lower-priced brands.
The transaction price is a maximum of €14 million and is calculated based on a mechanism agreed upon by the parties, considering working capital adjustments and net debt.
With 14 startups funded, over 100 women engaged, and a commitment to transformative innovation, WIT Angels Club solidifies its role in bridging the gender wealth gap.
Ema Iftimie, Globalworth Romania's Managing Director, delves into the most pertinent aspects of Globalworth's Romanian-focused developments, answering key questions that showcase the company's vision and future in this market. This interview was first published in Property Forum's annual CEE TOP 100 publication.
Mortgage loans totaling €7.3 billion were granted in Romania during the first 10 months of 2024, up by 43% compared to the same period of last year, according to an analysis by SVN Romania.
