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Romania's total monthly average income was RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, higher by 13.8% and by 14.8%, respectively, compared to 2021, in line with data from the country's statistics board INS.
Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, grew by 19.9% in April 2023 to 894,300 compared to April 2022 and overnight stays grew 18.7% on the year, the statistics institute INS said on Wednesday (June 7).
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, remained flat at the start of June at 6.55% a year on Tuesday, June 6, central bank data show.
Intesa Sanpaolo Romania, the local subsidiary of Italy’s banking group by the same name, posted EUR2 million net profit in the first quarter of 2023, a report of its parent group shows.
Carmo-Lact Prod (Bistrita-Nasaud), which makes the Monor dairy products, posted RON209.4 million (EUR42.2 million) revenue in 2022, an increase of more than 32% on the previous year, ZF has calculated from Finance Ministry data.
Hotel company Aro-Palace (ARO.RO) has informed the local capital market of a sealed-bid auction for the sale of the Coroana-Postavarul hotel in Brasov (central Romania).
Bogdan Speteanu, former CEO of BCR Leasing, and Mircea Dihel, former CEO of Tiriac Leasing, are developing a mobility-as-a-service (MaaS) platform, that will offer operating leasing services to individuals, self-employed and small companies on a monthly subscription basis, the co-founders of start-up MOOV Leasing said in a statement.
New car registrations in Romania increased by 27% on the year to a total 60,472 units in January-May 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (June 6).
Two contracts have been signed for the modernization of electricity distribution networks and the beneficiary is Distributie Energie Electrica Romania, according to Energy Minister Virgil Popescu.
Rompetrol Downstream, the retail division of KMG International Group in Romania, has opened two new services centers on the A1 highway (the Nadlac – Sibiu road section), near the locality of Giarmata (Timis County), following an investment of $6.5 million.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) decreased by 1.6% in unadjusted data and by 1.5% when adjusted for seasonality and number of working days, in April 2023 compared to April 2022, data from the country’s statistics institute INS showed on Tuesday (June 6).
Romania’s largest power producer Hidroelectrica on June 6 officially announced intention to go public on the Bucharest Stock Exchange through a sale of up to 20% of the stake held by minority shareholder Fondul Proprietatea (FP.RO).
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 11.6% in April 2023 compared to April 2022, data from Romania's statistics board INS showed on Tuesday (June 6, 2023).
DB Global Technology, Deutsche Bank’s Bucharest tech center, in 2022 registered turnover worth RON528.7 million, 41.1% higher than in 2021.
Local company EXE Software, specialized in software solutions development, ended 2022 with turnover of RON30.7 million (EUR6.2 million), up 16-17% from 2021, in line with its target.
Poultry manufacturer Safir, controlled by Ghiorghi Safir, George Safir and Iulian Safir, has a EUR9 million investment budget for 2023, in line with company data.
HEINEKEN Romania, the second largest player on the beer market, in 2022 reached net profit worth RON53 million, down 55% on the year, in line with ZF calculations. This was a four-year low.
Sandoz, the drug factory owned by Switzerland’s Novartis in Targu Mures, ended 2022 with turnover worth almost RON562 million, up 24% from 2021.
Private healthcare services provider Gral Medical in 2022 registered turnover of above RON238 million at group level, up almost 2% from the previous year. For 2023, the company targets 9% higher turnover at almost RON260 million.19080 items