Romanian DIY retailer Dedeman, is set to further extend its national presence with the acquisition of approximately 6 ha of land near Vama Giurgiu, on the border with Bulgaria.
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).
With Romania's full entry into Schengen, waiting times at the borders with Hungary and Bulgaria will be eliminated.
The European Commission welcomed the "unanimous decision" of the Council "to lift internal land border controls at the internal land borders with Romania and Bulgaria".
The expansion process is part of a strategy that has set ambitious goals for the future: the €50 million milestone is the next target.
he annual interest rate of the bonds is 9% (paid quarterly) with maturity at the end of 2026. However, the bank has the right to redeem the bonds one year earlier.
Bulgaria, Romania and Serbia still have a long way to go in the deployment of charging stations required for the desired uptake of electric vehicles.
Bulgaria, Croatia, Greece, Romania, Serbia and Slovenia already comply with the EU's 2030 target for 15% grid interconnection compared to installed power.
Private healthcare chain Medicover has announced the acquisition of Synlab Group's local businesses in Romania, Turkey, Cyprus, Slovenia, Croatia, and North Macedonia for €71.3 million.
Romania's insurance market saw a total volume of gross written premiums of RON 23.4 billion (€4.7 billion) during 2024, up 11% compared to the previous year, according to a report by the Financial Supervisory Authority (ASF).
Private equity fund MidEuropa has agreed to sell private healthcare chain Regina Maria to Mehiläinen Group, the largest private healthcare provider in Finland backed by investment fund CVC.
Low-cost airline Wizz Air has opened a new base at Bucharest Băneasa Airport, offering flights to seven destinations including Naples, London, and Budapest.
Romania's informal economy represents about one eighth of its GDP, according to an EY report.