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Romania’s trade deficit in the first nine months of 2023 shrank by 18.4% to a total of EUR20.3 billion, as the country’s exports rose by 2.1%, while imports dropped by 3.4%, data from the statistics board INS showed on Thursday, November 9.
Local startup bonapp.eco, a Romanian startup that sells discounted food approaching the expiration date, at end-September reached intermediated sales totally worth EUR50,000, five times higher than in the year-earlier period.
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants) continues to expand in Romania and wants to reach at least 300 specialists in the Romania hub by yearend.
Romania's central city of Sibiu is home to a new four-star hotel, called Mercure Sibiu Arsenal.
Porsche Engineering, a wholly-owned subsidiary of Porsche and a technology service provider, has signed a cooperation agreement with Politehnica University of Timisoara.
Shirt manufacturer Gama, launched in 1991 in Sibiu (central Romania), reported a turnover of RON2.2 million for 2022, up 30% on the year, and a production of more than 100,000 shirts per year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed shareholders and investors in a report on Wednesday (Nov 8) that Fitch Rating Agency confirmed its BBB- rating with stable outlook on Nuclearelectrica.
Honey producer Apidava from Alba County, had a turnover of RON42 million in 2022, up 37% on the year, and a net profit of RON3 million, as per finance ministry data.
BNP Paribas, the largest bank in France, raised RON100 million from private pension fund Vital managed by Aegon in September, at a 7.35% yield per year and September 12, 2028 as maturity, as part of the strategy to diversify funding sources to various clients and various currencies.
Timisoara-based SpyShop SRL, which operates spy-shop.ro, one of the largest online security system stores in Romania, expects to see sales up three times during the Black Friday campaign, which it will run in November 3 to 30, compared with a regular month. It prepared for it with a EUR5 million stock of merchandise.
Global leaders view geopolitical challenges (61%), inflationary trends (46%) and concerns about their ability to meet increased environmental, social, and governance (ESG) expectations (40%) as the top risks impacting their third-party relationships, according to Deloitte 2023 Global Third-Party Risk Management Survey, conducted in 40 countries, including Romania.
Romania's Financial Supervisory Authority (ASF) has approved the appointment of Remus Lapusan as a member of the Board of Directors of life insurance company Uniqa Asigurari de Viata, starting from November 2023.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched down 0.9% in unadjusted data and grew by 0.7% when adjusted for seasonality and number of working days, in September 2023 compared to September 2022, data from the country’s statistics institute INS showed on Wednesday (November 8).
Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%.
Banca Transilvania is granting a EUR25.3 million loan to parcel delivery company Sameday, held by eMAG, to support its medium-term investment plan.
The turnover of Romanian companies operating in the agricultural saw the second largest nominal annual increase in the last ten years, of over RON8 billion, touching a record high of RON68 billion in 2022, which is 48% higher than in 2018, as per KeysFin's annual “Romanian Agricultural Sector” study.
Over 60% of managers who participated in the Confidex survey are readying for more challenging work conditions or even a recession, which would follow the trend of markets in the region and the eurozone.
In one of his rare public appearances, Ion Sterian, chief executive officer of Transgaz (TGN.RO), the national natural gas transmission company, says that the Black Sea will not turn Romania into a regional player as people keep saying, because the estimated amount of natural gas will not be enough to at least cover domestic consumption.
Fondul de Pensii Administrat Privat (FPAP) Metropolitan Life has increased its ownership stake in Danube freight carrier Transport Trade Services (TTS.RO) to 5.1%, which translates into 3.06 million TTS shares.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 7 of the awarding of a contract for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).19075 items