Economy | 18 September, 2024 at 1:00 PM
VAT Romania breaks ground on factory in VGP Park Arad
The new 21,000 sqm facility will feature state-of-the-art manufacturing technologies, attractive offices and an employee canteen.
The new 21,000 sqm facility will feature state-of-the-art manufacturing technologies, attractive offices and an employee canteen.
Romanian construction group IBB Holding will issue euro-denominated bonds and list them on the Bucharest Stock Exchange, following a decision of its shareholders.
With the establishment of Redport Contractor, the group has completed the process of internalizing the critical aspects necessary for the success of the projects it develops.
The Romanian unit of Strabag has been selected as generator contractor for the construction of a new office building for PPF Real Estate in Bucharest.
Private equity (PE) fund investments in Central and Eastern Europe (CEE) reached a total volume of €1.71 billion in 2023, while Romania ranked 4th at the CEE level.
The construction sector has reached historic highs, driven by massive EU fund investments and a quite active private sector.
The construction of the Bellemonde project is scheduled to begin in June and will benefit from a total investment of over €40 million.
The construction materials whose prices are increasing, however, are Oriented Strand Boards (OSB), with an advance of 6%, and sandwich panels, whose price is rising by 4%.
Alina Vladulescu and Catalina Toma are partnering and launching WIN Advisors, a regional hub for hotel consulting and management.
New Electric Arc Furnace will deliver huge environmental and competitive advantages.
Building A covers an area of 25,950 sqm and has already two significant tenants, who have signed lease contracts for a total of 8,158 sqm.
Speedwell announces the start of construction works for the second residential building of the mixed-use urban regeneration project, PALTIM.
For Terra Romania Utilaje de Construcții, part of the Austrian group Terra Holding, 2023 was the best year in its history on the local market.
Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices and the interest rate, they are currently under strain.
Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.
The European Retail Banking Radar, Kearney's latest study now in its 18th edition, shows that Europe is entering a period of normalisation following the conditions of 2023–2025. For Romania, the challenge extends beyond the normalisation of interest rates.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.
Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.
The European Commission has approved, under EU State aid rules, Romanian measures for the national investment and development bank Banca de Investiții și Dezvoltare (BID).