Industry | 27 March, 2025 at 3:17 PM
El Al expands partnership with Tarom
Israel's national airline El Al has announced the signing of a partnership with Romanian state-owned airline Tarom.
Israel's national airline El Al has announced the signing of a partnership with Romanian state-owned airline Tarom.
The European luxury retail market experienced more moderate growth in 2024, following the significant advances in the post-pandemic period. Within this context, Romania stands out as a market with significant development potential in this segment, although the availability of suitable retail spaces presents a challenge, according to a Cushman & Wakefield report.
The InvestALIM program, designed to support the development of the food industry, will provide funding for 12 projects with a total investment value of over €300 million.
Romanian DIY retailer Dedeman, is set to further extend its national presence with the acquisition of approximately 6 ha of land near Vama Giurgiu, on the border with Bulgaria.
Catalyst Romania Fund I has announced the sale of its shares in avocatnet.ro, a Romanian Information as a Service platform specialising in compliance and regulatory insights.
The US government is currently reviewing Romania's recent inclusion in the Visa Waiver Program (VWP) to ensure it meets the program's strict security requirements.
OMV Petrom and state-owned gas producer Romgaz have announced the initiation of drilling for the first gas production well in the Neptun Deep project.
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.
Symmetrica, a local manufacturer of vibrated pressed paving stones and kerbstones, is preparing to complete its new factory in Bolintin Vale.
Stanleybet Capital, owner of a network of sports betting and slot machine agencies, has listed its second corporate bond issue worth RON 14.8 million (almost €3 million).
The European Patent Office (EPO) received nearly 200,000 patent applications last year, according to the Patent Index 2024, with computer technology leading the way for the first time.
While there's significant interest in battery storage systems among Romanian prosumers, cost remains a major obstacle.
Construction labour cost and availability have become the primary concerns for real estate developers in Central Europe, according to a new survey by Deloitte. This shift sees it surpassing project financing, which has been the dominant issue in recent years.
Price caps on electricity and natural gas will remain in place under the same conditions as at present, from the start of April to the end of June 2025 for electricity.
Niro Investment Group has officially opened its luxury boutique hotel Corinthia Grand Hotel du Boulevard Bucharest, following a franchise agreement with the Corinthia hotel chain.
The European Commission (EC) has determined that Romania's €200 million (RON 1 billion) recapitalisation of CEC Bank.
Bucharest's residential real estate sector is experiencing a significant downturn, with a notable drop in both permits and completions, raising concerns about the market's trajectory, according to an opinion by Dr. Sebastian Sipos-Gug - Ebuild srl, Eastern European Construction Forecasting Association (EECFA) Romania.
Romanian textiles maker Brainconf is looking to start an urban reconversion project on a land plot it owns in Brăila.
Romania produced 219,000 tonnes of oil equivalent (toe) in January 2025, down 4.5% compared to the same period of the previous year.
Romania's banking sector has a relatively low exposure to the commercial real estate (CRE) market, indicating stability and significant growth potential, according to an analysis by Cushman & Wakefield Echinox.
The government has greenlit a memorandum to approve a €500 million financing contract between Romania and the European Investment Bank (EIB) to support the A1 Sibiu-Pitești motorway project.
Vastint Romania has joined a wider initiative for the revitalisation of the Dâmbovița River, its banks, and surrounding areas.
DRUID AI, the developer of an enterprise AI platform, has secured a $31 million Series C financing round to propel the global expansion of its agentic platform.
Exim Banca Românească has provided approximately €14 million in financing for a new greenfield investment.
Coca-Cola HBC Romania has completed an investment of RON 5 million (€1 million) in a new photovoltaic park at its plant in Timișoara.