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Most Romanians (77%) fear a possible economic crisis in 2022 and the rising consumer prices represent their biggest fear, in line with a survey conducted by Avangarde.
Romania’s mergers and acquisitions (M&A) market recorded 48 transactions in the first three months of 2022, 17% more than in the first quarter of 2021, as per an analysis by consulting firm Ernst&Young (EY).
Suceava-based paving stone manufacturer Symmetrica has announced an investment of EUR10 million to fully retrofit its factory in Veresti (Suceava County), the company’s first production unit inaugurated in 1999.
Financial analysts expect Romania’s central bank to increase its benchmark interest rate to at least 4.25%, the national currency to depreciate to an average of 5.082 units to the euro and the inflation is seen averaging 8.03% in the next 12 months, a monthly poll by CFA Romania showed Tuesday.
Cornerstone Communications, a local consulting firm specializing in investor relations and capital markets advisory, together with MIA Marketing, a Romanian market research company, published a new series of results from the study regarding the capital market and the analysis of the behavior of Romanian retail investors.
More than 60% of Eastern European Chief Financial Officers (CFOs) say their businesses have returned to pre-pandemic levels – the end of 2019, according to the CFO Panel 2022 survey conducted earlier 2022 by management consulting company Horváth.
Nine in ten companies in Romania will invest in staff reskilling and training for their financial departments, as they implement and use new technologies for daily activities, in line with the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 Chief Financial Officers (CFOs) in Romania.
Perfumery chain Douglas, which entered Romania in 2007, continues its expansion in the country and opens three new stores outside Bucharest, in Corbeanca, Targoviste and Alba Iulia. To this end, a partnership has been agreed with real estate developer Prime Kapital, the company said in a press release.
Germany’s Bosch is consolidating its development activities in Romania and the strategic position within its global engineering network, by expanding the Bosch Engineering Center in capital Bucharest, within the company’s head office.
Electricity distributor and supplier Electrica (EL.RO) on Monday said the Board of Directors approved on April 15 the consolidated value of the Investment Plan (CAPEX) of Electrica Group for 2022, in the total amount of RON750.5 million, as per a stock market report.
The number of employees in the Romanian furniture industry continued to decrease in 2021, although at a more moderate pace compared to previous years, reaching 54,700 employees in 2021, in line with data from Romania’s association of furniture manufacturers APMR.
Enel X Romania, part of Enel X, the advanced energy services division of Italy’s Enel Group, said in a statement that it put into operation two photovoltaic power plants, with a total installed capacity of over 900 kWp, for two stores of cash & carry chain Selgros, located in the counties of Mures and Timis.
Carbochim Cluj-Napoca (CBC.RO), the largest manufacturer of professional abrasives in Romania, indirectly controlled by Iulius Group owner Iulian Dascalu, announces investments of more than EUR5 million in relocating and upgrading its plant, with a focus on expanding industrial activity.
Entrepreneur Horatiu Tepes, the owner of Brasov-based roofing systems maker Bilka, said the company’s RON245 million profit reported in 2021 will go into new investments.
Companies based in capital Bucharest exported goods worth EUR12.5 billion in January-November 2021 period, accounting for 18.3% of Romania’s exports in the first eleven months of 2021, higher by 25.6% than in the same period of 2020, a median superior to the increase in the Romanian expert during the respective period (19.4%), as per an analysis by the Bucharest Chamber of Commerce and Industry.
The personal car remains the most used daily travel mode for 40% of Romanians, and 63% believe it will remain the preferred mobility choice in the coming years, according to “Deloitte 2022 Global Automotive Consumer Study” conducted across 25 countries around the world, including Romania.
More than 27,000 homes are currently under construction in capital Bucharest and its surroundings, being the largest number of housing units under construction in the region in the modern history of the local residential market, as per the “Romania Residential Market Genome 2022” report released by real estate consulting firm SVN Romania.
Romanian blockchain and artificial intelligence start-up Humans.ai has announced its listing on Liquid, the number one crypto-currency exchange in Japan, thus continuing its expansion on the East Asian market.
Business process outsourcing company CGS Romania Solutions has grown from 3,500 to 4,500 employees during the pandemic.
International rating agency Standard&Poor’s (S&P) has affirmed Romania's sovereign rating at BBB-, in line with the other two major rating agencies and just above the investment grade lower border.19075 items