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Romania’s two carmakers, Automobile Dacia and Ford, in February 2022 produced 44,111 passenger cars, 12% more than in February 2021. Of these, 24,878 units were manufactured by Automobile Dacia and 19,233 units by Ford.
The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says Radu Burnete, executive manager of Concordia Employers’ Confederation representing the biggest companies in Romania.
China-held OPPO, one of the world’s biggest players on the smartphone market, has managed to reach a 10% share of Romania’s smartphone market at the end of 2021, namely in around one year and a half since officially entering the market, and wants to reach the third position on the market this year.
Mobexpert, a major player on Romania’s furniture market, with both production and retail activities, plans to open new stores, develop new products in its own plans and expand B2B services this year.
Romanian massage chair retailer Komoder plans to invest in 2022 to open showrooms in Malaga, Zurich, while readying the second showroom in London, explained Adrian Rus, founder of Komoder.
Antibiotice Iasi, the biggest local Romanian-held drug maker, targets RON1 billion turnover by 2030, in line with its multi-annual plan, with half of this sum due to be generated by exports.
Spectral Mobila, a furniture manufacturer in Barlad (eastern Romania) that also owns a network of stores under the same name, plans to reach 24 stores this year.
U.S. vice-president Kamala Harris will come to Romania on Friday (March 11) and will meet with Romanian President Klaus Iohannis at the presidential Cotroceni Palace in capital city Bucharest, according to the presidential administration.
Trencadis, a technology company specialized in software development solutions for the government and business environment, has appointed Marian Murgulet to the position of CEO effective March 1, 2022.
Adrian Viman, known as the executive who had run Kaufland Romania for nine years, has joined the Executive Board of Meta Estate Trust, which operates on the Romanian real estate market.
Germany’s parcel delivery company DHL has inaugurated a new delivery center in capital city Bucharest, within the AFI Lake View office building.
The number of real estate deals in Romania stood at 58,663 in February 2022, 19,153 more than in January 2022, data from the national cadaster agency ANCPI showed Wednesday.
Romania has ended the state of alert almost two years after the onset of the pandemic, and companies shift their operational plans moving forward based on an increasing number of employees returning to the office in the near future, as per a recent survey by Genesis Property.
Bucharest underground system operator Metrorex has signed a contract of EUR1.2 billion with a Turkish consortium made up of Alsim Alarko and MAKYOL for the construction of a 6.6-km subway section of the sixth mainline (M6) that will link capital city Bucharest with the Henri Coanda (Otopeni) international airport, according to company officials.
Fitch Ratings has assigned Romania-based CEC Bank S.A. (CEC) a Long-Term Issuer Default Rating (IDR) of ‘BB’ with Stable Outlook, Viability Rating (VR) of ‘bb’ and Government Support Rating (GSR) of ‘b’.
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, reported RON58.7 million operating revenue in 2021, up 40% on the year, and net profit worth RON6.1 million, 55% higher than in 2020.
Private healthcare operator MedLife reported RON1.4 billion turnover in 2021, up 33% against the previous year.
Lazar group, specialized in freight transportation, controlled by entrepreneur Ion Lazar, plans to invest EUR11 million this year.
Romanian paint and coatings producer Sarcom, part of ROCA Industry holding, plans to boost its production and logistic capacities in the coming period and will bring more workers from Asia to meet rising demand.
Seventy percent of Gastronom Buzau (GAOY.RO), a company that leases commercial space, changed hands in a transaction in which Transilvania Investments Alliance (formerly SIF3) sold its stake on Tuesday.19058 items