Finance | 12 December, 2024 at 10:43 AM
Sphera Franchise Group in 30 years: over RON 1.2 billion state budget contribution
On a monthly basis, Sphera restaurants in Romania serve over 4 million consumers.
On a monthly basis, Sphera restaurants in Romania serve over 4 million consumers.
The distribution network was upgraded by replacing about 8.8 km of cables and more than 1,800 switchboards.
The company continues to heavily invest in research and development, focusing on the Nemesis AI platform.
The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.
FieldOS was founded in 2021 by Cristian Dragomir and Ion Gavrilescu and serves as a digital one-stop shop for managing field employees and their resources.
Sanprod's client portfolio includes major players in the construction of warehouses, logistics centers, factories, malls, DIY stores, and residential buildings.
Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
The lack of real digitization and transparent communication from state institutions throughout 2024 only demotivated taxpayers to invest their financial resources.
In May, Hesburger entered the Romanian market with its first restaurant in Râmnicu Vâlcea.
The works will consist of the construction of two new medium voltage lines that will have a length of 13.5 km.
Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.
Edwin Warmerdam, Partner, Head of Tax at Forvis Mazars in Romania, spoke to Property Forum about the taxation outlook in 2025 and the tax changes that could spur investments in the local market.
The AADMS Integrated Platform, with the power grid analysis and modeling modules, will be realized through European fund.
Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.
The company plans to build 4 new renewable energy plants and opens office in Bucharest.
The Group's management updates the Strategic Plan targets for the period 2025-2027.
The company also announces Daniel Vaum's promotion to manager of the purchasing department as part of its strategy to optimize internal processes.
This investment arrives at a crucial time as Romania aims to develop a recycling industry for waste electrical and electronic equipment, funded through the European Union's PNRR.
This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint.
This unit will transform 21,000 tons of manure annually into over 7,000 tons of organic fertilizer.
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).