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Retail sales in Romania, excluding vehicle sales, increased by 7.5% in unadjusted data in December 2022 compared to November 2022 and by 1.4% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed on Monday (Feb 6).
The shares of Safetech Innovations will be listed on the Main Market of the Bucharest Stock Exchange (BVB) under the stock ticker SAFE, on Feb 6, after the transfer from the AeRO market, the equity segment of BVB's Multilateral Trading System.
Building materials producer TeraPlast, controlled by Dorel Goia, has opened a logistic and rapid delivery center in Galati, set to serve Galati, Braila, Tulcea, Vrancea, Ialomita and Constanta counties.
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted EUR500,000 in 2023, more than double the 2022 level.
Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit.
Licurici Impex, a FMCG wholesaler of Onesti, Bacau county, in 2022 generated turnover worth above RON488 million (EUR99 million), up 9% from 2021, in line with ZF calculations based on company and Finance Ministry data.
Zitec, an IT and digital marketing services provider, seeks to hire 20 IT specialists, both for technical and non-technical positions.
The total amount of foreign investments in Romanian companies exceeded EUR50 billion in 2022 and the top three sources of foreign investments were the Netherlands (EUR9.3 billion), Germany (EUR5.4 billion) and Austria (EUR5.3 billion), as per data from Romania's Trade Register, analyzed by law firm ONV LAW.
Modern retail chains Profi and Auchan have recently concluded a partnership for joint negotiations with large suppliers for the purpose of improving the bargaining power of the two chains "to the advantage of end consumers."
Sales of over-the-counter (OTC) drugs reached RON6.7 billion (almost EUR1.4 billion) in 2022, up 23% from the previous year, data from market research company Cegedim show.
Romanian natural gas producer and supplier ROMGAZ (SNG.RO) and SOCAR TRADING, a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on February 3, 2023, in Baku, a new individual contract for gas deliveries from Azerbaijan to Romania.
New registrations of road vehicles for passenger transport decreased by 12.3% in Romania in the fourth quarter of 2022 compared to the fourth quarter of 2021, data from the country’s statistics board INS showed Friday (Feb 3).
The Romanian investment market recorded transactions worth over EUR1.25 billion in 2022, well above the EUR890 million level recorded in 2021, seeing the highest value since 2007, as per the 2022 Annual Report released by Colliers.
Romania registered 8% more company insolvencies, 21% more suspensions and 15% more company deletions or dissolutions in 2022 versus 2021 , as per the latest edition of the KeysFin Macro Update report.
PEDRO Construct, the company controlled by businessman Petre Niculae, has invested EUR18 million in the Politehnica Business Tower office building.
Startup Milluu, which developed a home renting application, has raised a new funding round worth EUR1 million, which was led by Polish investment fund Cofounder Zone. company representatives said in a statement.
Law firm Reff & Associates | Deloitte Legal has obtained from Romania's High Court of Cassation and Justice (HCCJ) the annulment of almost RON10 million interest rates imposed by Romanian authorities on a multinational company operating in the field of building products, which was forced to reimburse a state aid granted from the national budget.
Crazy Bubble, a business of Polish origins that owns 138 stores internationally, has reached 18 units in Romania, both owned and in franchise, and is set to focus on opening units in high-traffic areas.
Transelectrica (TEL.RO), the operator of the national energy transmission system, has signed a Grant Agreement worth around $1.1 million with the US government, represented by the United States Trade and Development Agency (USTDA) regarding the setting up of an Operational Security Center.
Samy Numai, managing director of Nimet, one of the biggest chrome plated steel bars and tubes producers, says the company’s 2023 investment budget revolves around EUR18 million and is destined to boost production capacity.19080 items