Economy | 25 June, 2024 at 11:27 AM
Primark to open third store in Romania on 7th August
Primark will open in Iulius Town, Timișoara, and will be the first store in the western part of the country, creating over 150 jobs.
Primark will open in Iulius Town, Timișoara, and will be the first store in the western part of the country, creating over 150 jobs.
The company plans to expand its portfolio through both greenfield projects and co-development opportunities.
This agreement was facilitated by the InvestEU programme, which aims to trigger over €372 billion in additional investment over the period 2021-2027.
Increased and accelerated low and zero carbon projects: ~2.5 GW renewable power capacity (including partnerships) and over 5,000 EV charging points by 2030.
The new programme will promote women leaders in venture capital and private equity and is open for pan-EU participation.
Speedwell's developments pay particular attention to quality of life, both in terms of comfort and sustainable living.
OMV Petrom is building a facility for the production of sustainable aviation fuels (SAF) and renewable diesel (HVO[1]) and two facilities for the production of green hydrogen.
In 2023, eMAG Romania recorded a turnover of RON 5.979 billion, an increase of 11% compared to the previous year.
The project included the expansion of the departures terminal by approximately 7,200 square meters, the creation of flows for Schengen and Non-Schengen destinations.
Investment in production machinery and military equipment in Romania increased by 80% last year compared to the pre-pandemic period.
The value of the tender is RON 41.8 million, and the beneficiary of the work is the company Rețele Electrice Dobrogea.
This special equipment is designed and executed for operation at considerable temperatures and pressures, in an environment with the presence of hydrogen.
In the next five years, those who delay adopting AI solutions risk being overtaken by companies that embrace these technologies now.
The U.S. - Romania Economic Forum: Partnership for Growth will gather officials from both administrations and leaders of American companies in Romania.
The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest.
The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
New Electric Arc Furnace will deliver huge environmental and competitive advantages.
Investments mark 20 years of DP World in Romania, with the business predicting it will become an increasingly important hub for European trade.
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.
Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.
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.
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.
Digi Spain has announced its intention to launch an initial public offering (IPO) on the Spanish stock exchanges, aiming to raise approximately €150 million.