Compa, one of Romania's largest automotive component manufacturers, announced the second phase of Arsenal Residence, a residential project in central Sibiu next to Sub Arini park. The total investment will exceed €30 million, confirming the company's strategy to diversify its portfolio and actively participate in urban development.
Bucharest remains the leader on gross rental yields, while the overall prices in the residential market rose by 14% in 2024, according to a market study by The Concept.
Nova Power & Gas, part of the E-INFRA group, has announced the commercial operation of Romania's largest battery energy storage facility, with a capacity of 200 MW and 400 MWh, located in Florești, Cluj County.
Romania leads the European Union in both VAT and corporate tax collection failures, losing approximately one-third of potential revenue from each tax, according to a European Commission analysis published this week.
Romania's annual inflation rate remained unchanged at 9.8% in November.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.
As winter holidays approach, Romanians experience both the joy of gift preparation and the pressure of festive spending.