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Romania Small-Sized Concrete Prefab Market Climbed to EUR215M in 2024

Thu, 18 Sep 2025 08:26:11 GMT

Romania small-sized concrete prefab market reached EUR215 million in 2024, almost twice and a half the level of 2017, in line with Neomar Consulting data.

Practic SA Management Board Proposes Distribution of around RON55M as Dividends

Thu, 18 Sep 2025 08:13:15 GMT

The Management Board of Practic SA, one of the largest owners of commercial spaces in Bucharest, has proposed to shareholders the distribution of RON39.2 million dividends from the retained earnings of 2024, as well the distribution as interim dividends of the sum of RON16.69 million from the current operating income registered in the first half of 2025.

Cushman & Wakefield Echinox: Low Taxation Level Has Supported Real Estate Market Development in Romania

Thu, 18 Sep 2025 08:02:22 GMT

Romania stands out in the European fiscal landscape with a property taxation level that is significantly lower than the EU average, a feature that has spurred the appeal of the local real estate market and created a favorable fiscal framework both for owners and for investors, according to an analysis carried out by Cushman & Wakefield Echinox on the basis of Eurostat data.

London Boutique Hotel Brand The Hoxton Enters Bucharest Market Via Partnership Between One United Properties and Hospitality Firm Ennismore

Thu, 18 Sep 2025 07:31:09 GMT

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the signing of a Memorandum of Understanding (MOU) with Ennismore, the fastest-growing lifestyle hospitality company, to introduce The Hoxton to Romania.

Germany’s Continental Sells OESL Business, with Operations in 15 Countries, Including Romania, To US Company Regent

Thu, 18 Sep 2025 07:21:48 GMT

German company Continental, via ContiTech division, has sold the OESL business, with operations in 15 countries, including Romania, to US private holding company Regent.

Romania Tech Company DocProcess, Taken Over by France’s AGENA3000

Thu, 18 Sep 2025 07:12:27 GMT

Romanian entrepreneurs Daniela and Liviu Apolozan have sold, together with investment fund Morphosis Capital, tech company DocProcess to AGENA3000, a French provider of data management and e-invoicing solutions.

APACA Owner Buys Scala Block of Flats in Recent Years’ Most Spectacular Real Estate Deal in Downtown Bucharest

Thu, 18 Sep 2025 06:42:07 GMT

Daniela Schoppmeyer, a majority stakeholder in Faberrom, the company inheriting the former Romania textile mammoth APACA, has acquired half of Scala block of flats, a flagship building of interwar modernism located on Bucharest’s Maghery boulevard.

Coffee Shop Network Boiler Reaches 15 Units

Thu, 18 Sep 2025 06:32:18 GMT

Specialty coffee shop network Boiler has reached 15 units in Bucharest, Cluj and Brasov, with the last two units being opened in partnership with other brands.

UNIQA Asigurari and UNIQA Asigurari de Viata End H1/2025 With Overall EUR80M Underwritten Premiums, Up 18% YoY

Wed, 17 Sep 2025 18:30:40 GMT

UNIQA Asigurari and UNIQA Asigurari de Viata, operating in Romania under the umbrella of Austrian group UNIQA, ended the first half of 2025 with total underwritten premiums worth EUR80 million, up 18% from the year-earlier period, as per data provided by company representative.

Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 8.5%, In August 2025

Wed, 17 Sep 2025 15:19:06 GMT

Romania posted the highest annual inflation rate, of 8.5%, among European Union (EU) Member States, in August 2025, as per the latest data from the European statistical office Eurostat.

Artmark : Auction Sales In Romania Up To EUR11M In Sep 2024 – Sep 2025

Wed, 17 Sep 2025 15:15:18 GMT

Auction sales in Romania stood at EUR11.07 million in September 2024 – September 2025, an increase of 8.2% on the EUR10.2 million in the previous year, while the sales through the „Dependent de Arta” store reached EUR1.48 milion, 10.4% higher year-on-year, A10 by Artmark auction house announced.

Statistical Office: Romania's Industrial Sales Up 3.8% YoY In January-July 2025

Wed, 17 Sep 2025 15:00:51 GMT

Romania’s industrial sales (on the domestic and external markets) grew by 3.8% in nominal terms in January-July 2025 compared with the same period in 2024, data from the country’s statistical office INS showed on Wednesday (Sept 17).

Revolut Bank UAB Appoints Florina Moisei As Country Manager Of Its Romanian Division

Wed, 17 Sep 2025 14:50:51 GMT

Revolut Bank UAB has appointed Florina Moisei as Country Manager of its Romanian division, Revolut Bank UAB Vilnius Sucursala Bucuresti, according to data provided by the bank's representatives.

Romania's Competition Council: Non-Seasonal Food Prices Up 1.5% In August vs. June

Wed, 17 Sep 2025 14:14:00 GMT

Shelf prices of basic foods, excluding seasonal fruits and vegetables, rose on average by 1.53% in August 2025 compared to June 2025, below the threshold associated with the VAT increase, as per an analysis by Romania's Competition Council based on data provided by six major retail chains.

RetuRO Appoints Rodion Dutca As Chief Financial Officer

Wed, 17 Sep 2025 13:57:00 GMT

RetuRO, the administrator of Romania’s Deposit Return System (DRS), announces the appointment of Rodion Dutca as its new Chief Financial Officer, effective October 1, 2025.

HiSky Launches Transatlantic Flight From Bucharest To Chicago In June 2026

Wed, 17 Sep 2025 11:21:56 GMT

Airline HiSky will launch a new transatlantic flight, from Bucharest to Chicago, in June 2026, two years after the first direct flight from Romania's capital city to New York, the airline said in a statement.

Former Microsoft And Vodafone Executive Alex Baloi Appointed Managing Director Of M247 Global

Wed, 17 Sep 2025 10:29:29 GMT

M247 Global has appointed Alex Baloi managing director as of September 22, 2025, the company said in a statement.

Romania Registers One of Sharpest Increases in Hourly Labor Costs in EU, of 10.4%, in Q2

Wed, 17 Sep 2025 08:58:39 GMT

Romania this year recorded one of the steepest increases in hourly labor costs, of 10.4%, in the second quarter against the year-earlier period, only behind Bulgaria, with 13.4%, and Hungary, with 11%, in Europe, in line with Eurostat data.

Statistics Office: Romania Manufacturing Industry Orders Up 6% in Jan-July 2025 YOY

Wed, 17 Sep 2025 08:37:07 GMT

Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets), went up by 6% in the first seven months of 2025, with the biggest advance, of 12.4%, being registered in the durable goods industry, in line with data the country’s statistics office INS published on Wednesday, November 17.

AnimaWings Aims to Have an 18-Aircraft Fleet in Two Years, Totally Worth over $1B

Wed, 17 Sep 2025 08:15:16 GMT

AnimaWings, the airline owned by brothers Cristian and Marius Pandel, the founders of Christian Tour, plans to expand its fleet to 18 aircraft by end-2027, from 5 at present, with the value of the portfolio set to top $1 billion.