DEVELOPMENT
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Iulian Dascalu Prepares New Real Estate Development on Carbochim Site in Cluj
Carbochim (CBC.RO) is preparing the site in Cluj for a future real estate development; the site is now used by one its plants, which is to be relocated.
Software Developer TARA Interactive Seeks to Expand Team
Romanian software developer TARA Interactive seeks to double the number of employees by mid 2022 and plans to hire 30 people for its Bucharest and Chisinau offices, the company said in a rel...
SoftOne Group Sells 45% Of Shares To Group Of Investors To Fund Development Overseas
An international group of investors buys 45% of the shares of Greek-held company SoftOne Group. The capital infusion is expected to also fund the company’s development overseas as the Romani...
Honey Maker Apidava, in Talks with Investment Funds to Get to Next Development Level
Honey producer Apidava is in talks with investment funds for a partnership that should aid the company get to the next development level, and this partner could even become a majority stakeh...
Romania’s Gaming Industry Revenue Up 19% in 2020
Romania’s gaming industry posted EUR218.5 million revenue in 2020, an increase of 19.1% year-on-year, a report of the Romanian Game Developers Association (RGDA) shows.
Dan Sucu and Conadi to Start Work on Third Phase of Arcadia Apartments Domenii
Businessman Dan Sucu and Conadi are getting ready to start construction on the third phase of the Arcadia Apartments Domenii residential project in Bucharest.
Cisullo, One United: Bucharest Still Has a Lot of Development Potential
Bucharest still has a lot of development potential, considering plots are still available in central locations, while other areas have former industrial sites not yet converted into real est...
Compa Sibiu Sets Up Arini Hospitality to Develop Two Hotels in Sibiu
Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project.
Electricity and Natural Gas Supplier Restart Energy Gets EUR21M Investment from Tejas Capital
Restart Energy One (REO26.RO), an independent electricity and natural gas supplier in Romania, has received a EUR21 million investment from US firm Tejas Capital in a private investment roun...