Solero Technologies, a global supplier of automotive components, has announced a significant expansion into Europe through the acquisition of Kendrion's automotive business.
Iulian Stanciu, the Executive President of eMag, the biggest e-commerce player in Romania, said that Europe has become the target of Chinese exports.
Cross-border ecommerce transactions in CEE have seen a significant surge, climbing by 15% to reach €24 billion in 2024 compared to 2023.
The European luxury retail market experienced more moderate growth in 2024, following the significant advances in the post-pandemic period. Within this context, Romania stands out as a market with significant development potential in this segment, although the availability of suitable retail spaces presents a challenge, according to a Cushman & Wakefield report.
The Ford Otosan factory in Craiova marked the delivery of the first electric vehicles manufactured in Romania on Friday.
The lift in M&A activity in 2024 was most pronounced in H2, with 415 deals announced – the highest H2 volume since 2012 and a 58% year-on-year increase from 263 deals in H2 2023.
Investors across Europe will continue to focus on sectors with strong structural tailwinds, such as living and logistics, according to a Knight Frank report.
In total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets.
KoçZer, Türkiye's leading procurement and sourcing management company, officially announced its entry into the European market with the establishment of its subsidiary in Romania.
The partnership will develop projects to strengthen climate adaptation by working with nature.
Germany's Garbe group, specialised in industrial investment, is looking to start operations in Romania and develop its first local projects.
Austria remains the most expensive country, with €4,920/sqm in 2023, followed by Germany (€4,700/sqm), France €(4,538/sqm).
Since its launch in 2015, Dino Parc Râșnov has captured the hearts of families with children, quickly becoming their favorite destination.
The event was addressed by Zoltán Áldott, Chairman of the Supervisory Board of MOL Group, and Marco Mensink, Director General of the European Chemical Industry Council.
Europe's EV sales slowing due to reductions in EV incentives, lack of affordable EV models, and consumer concerns about insufficient chargers.
European foreign direct investment faces first decline in three years with number of projects down 4% and jobs down 7% in 2023.
New auto registrations saw a significant recovery in 2023 as Covid-induced supply-chain disruptions eased and pent-up demand released.
A striking 88 percent of respondents across the world said they were planning to increase their FDI in the next three years—up 6 percent from last year.
Prioritising Moments That Matter: Nine in ten people set to spend the same or more on experiences in 2024 vs 2023.
In Europe, out of four glasses of clean water extracted and produced, one is lost on the way to the final customer and never reaches the tap.
Oil major OMV Petrom and state-owned Complexul Energetic Oltenia (CE Oltenia) have signed contracts to design and execute four photovoltaic parks in Romania.
Electricity supplier Restart Energy One has filed a request at the Timiș Court for the initiation of a composition with creditors procedure to address temporary financial challenges.
The Fidelis government bonds, issued in April by the Ministry of Finance, started trading on the Bucharest Stock Exchange (BVB) on Thursday.
Consumer spending in Romania has shown signs of caution in the lead-up to the Easter holidays, with fluctuations in the average shopping basket value observed in March,
Prosumers in Romania are advised to turn off the inverters of their residential photovoltaic systems if they are not at home,