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Roofing manufacturer Wetterbest of Baicoi, Prahova county, in 2022 finalized an investment program of around EUR4 million it started in 2021 with the integration in Irish group Kingspan, which bought the company that year.
Dorna Medical, a Romanian business operating on the private healthcare and lab services market, set up by entrepreneurs Rodica and Roman Boca more than two decades ago in Vatra Dornei, Suceava county, has opened a polyclinic in Iasi in an over EUR11 million investment.
Siminel Andrei, one of the most powerful businesspeople in Romania, has developed two bread and bakery factories in Craiova and Braila, involving total investment of EUR10 million.
“Electrified” cars will come to hold a 28.9% market share in 2023, in line with estimates by the Automotive Manufacturers and Importers Association (APIA).
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, ended last year with RON233 million revenue and expects to double this figure in 2023 as the factory will operate at full capacity.
Belgian-held logistics developer WDP will build a logistics center on an area of 6,200 square meters in Almaj, Dolj County, in a EUR4.5 million investment. The building will operate as a distribution center for the Erkut, a supplier of the car manufacturer Ford, with a factory in Craiova.
The insurance brokerage market recorded a 23% increase in revenue from insurance distribution to over RON1.48 billion at the end of the first nine months of 2022, about RON1.35 billion of which were revenue from general insurance, data from the Financial Supervisory Authority report on the trend of the insurance market in the first nine months of 2022 show.
Romanian producer of organic agricultural products, Norofert (NRF.RO), announced in a stock market report on Thursday (Feb 2) that it signed a revolving credit contract with the Export-Import Bank of Romania EximBank, in the amount of EUR2 million.
The Romanian industrial market is going through a period of significant growth and development, with the total demand for industrial space exceeding by 15.6% in 2022 the record set the previous year percent, reaching almost 1.17 million square meters of spaces leased, according to real estate consulting firm JLL.
Belgian real estate developer Speedwell has contracted financing worth EUR24.3 million from BRD Groupe Societe Generale in order to construct two green residential buildings in Romania’s western city of Timisoara.
Sphera Franchise Group (SFG), the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, and of KFC units in Chisinau (Republic of Moldova) and Italy, has appointed Andrada Busuioc to the position of Communications Manager.
Scandinavian furniture and home products retailer JYSK continues its expansion in Romania as it plans to open at least 15 new stores and to also refurbish at least 13 older units in 2023.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 32.8% in December 2022 compared to December 2021, data from Romania's statistics board INS showed on Thursday (Feb 2, 2023).
Banca Transilvania, the leading lender in Romania, is among the 300 most valuable banking brands in the world this year, where it climbed to 297 from 302 in 2022, according to Brand Finance Baking 500 2023.
Romanian authorities issued 43,660 residential building permits in 2022, 14.9% fewer than in 2021, as per data from the country’s statistics board INS.
Polish-held online retailer Answear, which has a presence in Romania since 2015, aims to increase local sales by 20% this year compared with 2022, when its biggest growth, 40% was recorded in the second half.
Romanian medtech startup SanoPass integrates into the platform it manages a solution through which more than 50,000 users of medical and fitness services will have real-time access to all group activities across more than 180 fitness clubs that use the UPfit.cloud software.
Corporate bureaucracy and the longer duration of the internal recruitment process cause candidates to change their minds upon receiving the first job offer (44% in 2022 compared to 42% in 2021) and this situation occurs particularly at candidates under the age of 40, according to an Arthur Hunt Romania study.
With over 2.7 million working-age people in Romania expected to exit the workforce by 2050, and 91 million in the whole Europe, according to UN Word Population Prospects, the effects of labor shortage are already felt across the continent.
Global ESG Monitor – GEM, world leader in analyzing how clearly big companies communicate their ESG (Environment, Social & Governance) reporting reveals that Romanian corporations significantly trail their global peers when it comes to the reporting of non-financial ESG data.19080 items