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.
Transavia, Romania's largest poultry market player, is making a major strategic expansion with a €150 million investment to launch a new pet food production division.
Romania is reporting a substantial 20% growth in the digitalisation of its local and national public administration, a figure that is double the European average.
Romanian hydroelectricity producer Hidroelectrica has selected the contractor for the overhaul of three pumping stations in the country.
Wonderful, the enterprise agent platform builder, announced a $100 million Series A funding round on November 11. The round was led by Index Ventures, with participation from Insight Partners and IVP, alongside existing investors Bessemer and Vine Ventures.
Rompetrol Rafinare, part of the KMG International Group, has committed approximately $20 million to the ecological rehabilitation of the historical lagoons.