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Romania’s industrial production increased by 3.9% in unadjusted data In February 2022 compared to January 2022 and was down 1.0% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Wednesday.
Romania’s health insurance market reached RON497 million gross written premiums at the end of 2021, an increase of 10% on 2020.
Romania's finance ministry raised EUR259.5 million on Tuesday (April 12) selling bonds maturing in 2025, at an annual average yield of 1.94%.
Artsani Com, the company through which the business of the two Artsani DIY stores in Prahova, owned by entrepreneurs George Tapu and Oleg Tataru, is operated, has returned to growth and posted RON173 million sales in 2021, up 5% from the previous year, data available on the Finance Ministry website show.
OTP Asset Management Romania has launched OTP Innovation Fund, the first fund in Romania that offers the possibility to invest, internationally, in companies that allocate a significant share of their revenues for Research & Development (R&D).
Romania's finance ministry on Monday (April 11) raised RON351 million, below the planned target of RON600 million, selling bonds maturing in 2026 and 2030, at annual average yields of 6.38% and 6.61%, respectively.
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County), ended 2021 with a turnover of RON193.2 million (over EUR39 million), up 20% from 2020, and targets a 30% increase in turnover in 2022.
Timisoara-based company Glissando, one of the leading distributors of pesticides, chemical fertilizers and other inputs for agriculture, has contracted a loan of RON14.2 million from lender EximBank in order to fund the company’s current activity.
Restart Energy, one of the largest independent energy suppliers on the Romanian market, signed a contract worth over EUR1 million with Alba-based building materials manufacturer Florea Grup whereby the former will install 3,867 solar panels on the rooftops of the Petra Pavaje plants in Alba Iulia, Ploiesti, Arad and Roman.
Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interiors, construction and flooring Egger, has budgeted an investment program of about EUR15 million for this year, for the implementation of new technologies, improvement of product quality, infrastructure work, upgrading the machinery fleet, maintenance of current production facilities and environmental protection.
Automotive component supplier Eckerle Automotive, the local subsidiary of the German Eckerle Group, posted RON229.7 million (EUR46.7 million) revenue in 2021, up 20% on the previous year, ZF has calculated from Finance Ministry data.
Germany’s Rehau Group, a provider of solutions for windows, building and furniture and automotive, has started construction works on a regional hub in Sibiu County (central Romania) worth approximately EUR10 million.
The real estate market ended 2021 with a sense of optimism, which continued into the first quarter of 2022, with total investment volume reaching EUR98.6 million, a 75% increase over the first quarter of 2021, a Crosspoint analysis says.
Real estate developer Speedwell has obtained the building permit for the first phase of the PALTIM project in Romania's western city of Timisoara.
The Investment Committee of the Modernization Fund has approved Romania’s request for financing for the future gas-fired power plants of state-run energy holding Complexul Energetic Oltenia (CE Oltenia) and also confirmed the financing for photovoltaic (PV) park projects.
Artificial intelligence (AI)-based advertising is seen as a USD$1.3 trillion business by 2032, which means that AI-enabled advertising will represent more than 90% of all advertising as channels like TV, Audio and Outdoor become more digital, addressable and programmatic, as per a report of GroupM, the main player on the global media market.
A total 72,522 housing units were delivered across Romania in 2021, a record level on the local residential market since 1989, which translates into a 7% increase compared to 2020, as per an analysis by real estate consulting firm Cushman & Wakefield Echinox based on statistical data released by the country’s statistics board INS.
E-Distributie, the electricity distribution operator part the Enel Group, has installed integrated photovoltaic and storage systems worth approximately EUR500,000 at three primary substations in the regions of Muntenia, Dobrogea and Banat where it operates.
The Bucharest Stock Exchange on Monday (April 11) published its first environmental, social and governance (ESG) reporting guidelines for listed companies, developed with the technical assistance of the European Bank for Reconstruction and Development (EBRD).
International rating agency Fitch has recently affirmed Romania's sovereign long-term rating (IDR) at BBB-, keeping it at the lowest investment-grade level, but it maintained the Negative Outlook.19075 items