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Terapia Cluj, one of the largest pharmaceuticals manufacturers in Romania, has an investment budget of EUR5.5 million for the 2022-2023 financial year and seeks to bring ten new drugstores to its portfolio.
The Italian brand Ducati, part of the Volkswagen group, is entering the Romanian market with a range of safety footwear designed for those working in difficult conditions, to be sold through the online store Armorum.
Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus 2020, in line with preliminary data from the country’s Financial Supervisory Authority (ASF).
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stagnated at 3.55% a year on Tuesday (Feb 15), in line with central bank data.
Parcel delivery company Sameday, owned by eMag, has leased a space of almost 4,360 square meters in the Globalworth Square building for a five-year period.
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last three months of the year, in line with data from real estate consulting firm Colliers Romania.
Scandinavian furniture and home products retailer JYSK continues expansion in Romania and opens a store in Aiud, Alba County, on Thursday, February 17, reaching a network of 114 stores in the country.
World Class Romania, the largest fitness center network in the country, is aiming for revenue of almost EUR35 million, the level recorded in 2019, the company officials say.
Romania’s e-commerce sector has reached the threshold of EUR6.2 billion at end-2021, almost 10% higher than in 2020 when the electronic commerce was estimated at EUR5.6 billion, in line with a report by GPeC and the Association of Romanian Online Stores (ARMO).
The number of online card transactions processed by Netopia Payments grew by 40% and their total value surged by 55% year-over-year in 2021, with an average 2 million online transactions processed monthly, through all payment methods.
Lender ING has lowered its economic growth projection for Romania to 3.2% in 2022 from 4.5% previously, and kept unchanged its projection for 2023 at 4.5%, ING Romania chief economist Valentin Tataru said in an analysis.
Lender Banca Comerciala Romana (BCR) has revised its forecast on Romania’s economic growth down to 3.2% in 2022 from a previous forecast of 4%.
Construction materials manufacturer Prefab Bucuresti (PREH.RO) had a turnover of RON99 million in 2021, up 12% from 2020, and its net profit soared by 77% to RON10.8 million, in line with the company’s financial report released Tuesday.
AFV Beltrame Group, the shareholder of Donalam, one of Europe’s largest producers of steel bars and special steels, has received the approval of Romania’s Competition Council for the acquisition of the functional production assets of the special steel plant (COS) Targoviste which currently faces judicial reorganization.
German-held home appliances manufacturer Miele Romania had a turnover of RON80 million in Romania in 2021, up 28% against 2020, and washing machines, vacuum cleaners and kitchenware were the most sought-after products.
The demand for industrial space in Romania has exceeded the threshold of one million square meters in 2021 for the first time ever for the market, with the lease activity being fueled by new contracts which accounted for over 80% (802,000 square meters) of the transacted volume, in line with data from real estate consulting firm Cushman & Wakefield Echinox.
Eight in ten (81%) companies in Romania plan to increase salaries in 2022 although they say the professional experience of candidates is bad and their salary demands are too high, in line with a survey by recruitment website eJobs, held by Swiss company Ringier.
Romanian state-run power grid operator Transelectrica (TEL.RO) reported total operating revenue of RON3.7 billion in 2021, up 58% on the year, and a loss of RON6 million versus a net profit of RON145 million in 2020, the company’s preliminary financial report showed Tuesday.
Romania's gross domestic product (GDP) grew 5.6% in real terms (in unadjusted data) in 2021 compared to 2020, the country’s statistics board INS said Tuesday.
Rehau, a German manufacturer of window, installation and furniture solutions, has started the process of obtaining the necessary permits to start the construction of a regional hub in Sibiu, in order to serve the market and customers more easily and to be closer to European roads.19029 items