Founded in 1992 as a family business with 100% Romanian capital, the Adrem Group today has 1,600 employees and an extensive network of more than 30 offices nationwide.
Organic growth was 2.2%, with a return to positive real internal growth of 0.8%, and both strengthened in the second half.
Existing investors reinvest to support continued innovation and expansion.
Over the long term, the company plans to resume its expansion and development strategies, with the goal of expanding its operational area from 16,300 hectares to 36,000 hectares.
AKTOR Romania aims to increase its backlog in Romania by participating in new infrastructure projects and delivering future-proof infrastructure.
Phase IV, the final phase of the residential project, has obtained the urban planning certificate and is in the documentation preparation stage for obtaining the building permit.
This development strengthens ElectroPutere Parc's position as the leading shopping destination in Oltenia, boasting over 100,000 square metres of retail space.
Speedwell Polska, the new division of Speedwell, has made its debut in Poland with the acquisition of a 2,290 sqm plot jointly owned by BPI Real Estate Poland and Acteeum.
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million.
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,