Industry | 10 April, 2025 at 2:22 PM
Penny Romania plans to invest €3 billion over a decade
Penny Romania announced its expansion plans, targeting 1,000 stores and a total investment of €3 billion over the next decade.
Penny Romania announced its expansion plans, targeting 1,000 stores and a total investment of €3 billion over the next decade.
Romanian real estate holding Meta Estate Trust has recorded a 15% year-on-year increase in net profit, reaching RON 10.8 million (€2.2 million) in 2024, while its total revenues rose 22% to RON 34.5 million (around €7 million).
Public telecom company Digi Communications has secured substantial financing facilities to bolster its operations.
Romanian developer Iulius will start this month a remodelling of its mixed-use project Palas Iași, based on a concept by architecture firm Foster + Partners.
THR, the public company controlled by Transilvania Investments Alliance, has sold the Balada Hotel, in Saturn resort, to a Romanian buyer for €6.1 million.
A recent study has revealed that energy efficiency investments remain out of reach for many Romanian households.
KÉSZ România has inaugurated a new production factory near the city of Turda, located just 1.5 km from the A3 Transylvania highway.
The contracts involve Expro's subsea landing string, SeaCure cementing technology, tubular running services and Coretrax Advance drilling tool.
The project involves the phased construction of nine wind farms distributed across northern Botoșani County, with a timeline for completion extending to approximately 2031.
The launch of the flagship EIB Group Investment Report calls for EU market integration, simplification and investments in innovation, echoing the most recent EC initiatives.
EIB extends the scope of its Sustainability Awareness Bond to include two new social objectives: gender equality and women's economic empowerment.
Hagag Development Europe is preparing to reopen the Știrbei Palace on Calea Victoriei, in H2 2025, as a luxury department store.
Gold continues to be a key safe-haven asset resulting in sustained upward pressure on prices.
The Timișoara City Hall recently approved the Zonal Urban Plan (PUZ) for a new urban regeneration project by Țiriac Imobiliare, owned by Romanian billionaire Ion Țiriac.
In addition to the IFC's contribution, the AIIB (Asian Infrastructure Investment Bank) will invest an equivalent amount, bringing the total value of the bond issue to €200 million.
Chimcomplex is the main manufacturer and supplier of vital chemicals in Eastern Europe, specializing in polyols, chloro alkali, amines and oxo-alcohols.
Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, opens a new shopping center in the Arad region.
This acquisition marks the third transaction for Morphosis, having committed to deploy over 30% of the Fund's investable capital within the first 7 months of its first closing.
The Series A investment is led by True Ventures, a venture capital fund from Silicon Valley, with the participation of Early Game and Play Ventures.
Solero Technologies, a global supplier of automotive components, has announced a significant expansion into Europe through the acquisition of Kendrion's automotive business.
SmartBill, the local provider of billing and management software solutions part of Visma group, has announced the appointment of Alex Leca as its new CEO.
The average dividend yield proposed for shareholders' voting for a selection of companies within the BETPlus index is 4.8%, according to a Tradeville report.
The European Bank for Reconstruction and Development (EBRD) has announced the launch of an international tender to find new investors for Giurgiulești International Free Port.
Remus Vulpescu will be the new CEO of the Bucharest Stock Exchange (BVB) starting this summer, following a board decision