Greenvolt Group, a leading international operator in the renewable energy market through multiple technologies, enters the Romanian market in the Distributed Generation segment.
Prysmian Romania has commenced construction of a new production line at the Slatina energy plant, following a €23 million investment.
Aquila has budgeted investments of €16.9 million for means of transport and warehouse equipment, in line with its sustainability objectives.
PickTwo Architecture Studio has embarked on its second venture in Zanzibar, focusing on the design and development of a luxury residential complex.
Ana Hotels announces the reopening of the emblematic "Europa" hotel in Eforie Nord, after the completion of a complex modernization process.
The new production unit will be located near Bucharest and will be inaugurated this autumn.
The modernization of the North Power Station involved the complete consolidation of the building and the replacement of electro energetic equipment.
Norofert announces the start of a production line for inputs and an investment of €250,000 in one of the most important agricultural area in the USA
The works will consist in making loops on medium voltage lines, supplied from the 110/20/10 kV Fratelia and Cetate transformer stations in the Timișoara area.
The fund's strategy is in line with the Green Deal focusing on climate and environmental impact.
Investments include the completion of a new bottling and storage facility, as well as the expansion of the distribution network, key strategic elements in the upcoming period.
The Romanian investment market recorded transactions of around €476 million last year, down by more than half over 2022's cycle high of €1.25 billion.
Libris, an online bookstore in the Romanian market, closed 2023 with a turnover of RON 80 million, representing a 20% increase compared to 2022.
The retailer Flanco announced the acquisition of its first two real estate projects for new greenfield stores. They are located in commercial areas of Botoșani and Brașov and were purchased in the last six months.
As of April 2020, Romania has been in the excessive deficit procedure (EDP), as a result of exceeding, in 2019, the 3% budget deficit limit set in the Stability and Growth Pact (SGP).
In the December 2024 business cycle survey, managers in the manufacturing industry forecast a moderate decrease in the volume of production for the next three months.
Bringing forward the timetable for elimination of tax facilities for the IT industry, starting January 2025, is a deeply negative signal towards a strategic sector of the economy.
On the other hand, 28% say they are optimistic about the year ahead, with a significantly higher percentage among those with incomes over RON 6,000 (33%).
The elimination of the holiday vouchers will freeze or cancel investments in tourism infrastructure.