Category: Uncategorized

The Edenred Digital Center, the technology hub of the Edenred Group in Romania, has expanded significantly, reaching over 300 employees. Located in Bucharest, this center is the only one of its kind the group has in Europe and plays a pivotal role in Edenred’s technological division. The center has been instrumental in driving Edenred’s transformation…

Romanian real estate developer One United Properties reported sales and pre-sales figures for the first half of 2024, totaling EUR 123.3 million. During this period, the company sold and pre-sold 452 apartments and commercial units, covering a total surface area of 43,809 sqm, along with 624 parking spaces and other unit types. Victor Capitanu, co-CEO…

Romania has retained its position as one of the most affordable countries in Europe for new housing, ranking third after Bosnia and Herzegovina and Greece, according to the latest Deloitte Property Index. The average price for new housing in Romania was EUR 1,504 per sqm in 2023, a slight increase from EUR 1,461 per sqm…

Bucharest’s short-term rental market has experienced significant growth, generating over EUR 40 million in revenues last year, according to the latest Crosspoint Real Estate Hotel Market Report. By the end of 2024, the industry is projected to see a 25% year-on-year increase. In 2023, the sector achieved revenues of EUR 41.3 million, nearly double the…

South Korean electronics group Samsung has opened its first café in Romania, named Galaxy AI Café, located in Iulius Mall Cluj-Napoca. The café is designed for Generation Z, offering a space where visitors can enjoy coffee while exploring the latest AI features on Samsung devices. “We are excited to bring the Galaxy AI Café concept…

The Finnish fast-food chain Hesburger plans to open ten restaurants in its first year on the Romanian market, and estimates EUR 8 million investments in this project, the company’s CEO, Kari Salmela, told Wall-street.ro. Hesburger made a significant entry into Romania in May by launching its first restaurant in Râmnicu-Vâlcea with an investment of EUR 300,000.…

Irish fashion retailer Primark has inaugurated its first store in Western Romania at Iulius Mall, part of the mixed-use Iulius Town in Timișoara. The store, which opened on August 7, 2024, marks Primark’s third location in Romania following an investment of EUR 10 million. “We are delighted to open our doors today and welcome customers…

Hili Properties, the real estate division of Maltese group Hili Ventures, has secured full ownership of the MIRO Office Building in Bucharest by acquiring the remaining 25% shareholding in Baneasa Real Estate SRL from Belgian developer Speedwell. This transaction, finalized on August 1, 2024, marks a significant milestone for Hili Properties, reinforcing its strategic expansion…

An order issued by the Romanian Minister of Energy to approve a state aid scheme under the form of Contracts for Difference (CfD) for the production of electricity from onshore wind and solar photovoltaic (PV) sources was published in the Official Gazette (Monitorul Official) on August 5. The state aid scheme aims to secure CfD…

The Romanian Ministry of Finance (MF) has announced a new public offering for Fidelis government bonds, set to take place at the Bucharest Stock Exchange between August 8 and 20, 2024. This marks the fourth such offer this year and the eighteenth since the Fidelis program was reinstated in July 2020. The Ministry has successfully…