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Romania ranks 31st by purchasing power out of the 42 countries included in the European ranking of GfK, with an average of EUR7,453 per capita, 50% lower than the European average.
Practic SA (PRBU.RO), one of the largest owners of street front retail space in Bucharest, is selling a 27,845 square meter plot in Brasov to Onix Residence Bucuresti and a 1,361 square meter plot in Primaverii area in Bucharest to real estate developer Hagag.
Net investments in the Romanian economy amounted to RON78.7 billion in the first nine months of this year, up by 6.1% against the year-earlier period, data from the national statistics board showed Friday.
Romania’s trade balance posted a deficit of EUR19.2 billion in the first ten months of this year, higher by EUR4.3 billion compared with the first ten months of 2020, data from the country’s statistics board INS showed.
Antibiotice Iasi, the biggest local Romanian-held drug maker, aims for exports to weigh 50%-60% in turnover by 2028.
Roca Industry, a holding set up by Roca Investments with the name of Holdingrock1 at the Trade Registry, grouping Romanian producers of building materials, at present Bico and Sarcom, with total turnover of around RON120 million and net profit of RON15 million in 2020, is readying to list on the Bucharest Stock Exchange via a private placement handled by BT Capital Partners.
Chiajna-located Omnia Plast, controlled by Italy’s group Sunino Spa, which produces winter sports equipment, toys and other plastic items in three local plants, plans to build a fourth plant in Ilfov in the next two years.
Visual Fan, owner of Allview brand, controlled by Lucian Peticila, announced it would tap into the electric car market.
Household appliance manufacturer De’Longhi Romania, the biggest exporter of Cluj, has 328 jobs available at the coffee machines plant of Jucu, Cluj county.
Car parts producer Preh Romania, a supplier to Porsche, Mercedes, Tesla, Audi or BMW, in 1H/2021 generated EUR126 million turnover, over 27% higher than in the year-earlier period and expects 2021 turnover to total around EUR220 million.
Italian cable manufacturer Prysmian will invest EUR10 million in 2002 to expand its plant of Slatina, according to Federico Cianciosi, chief operating officer at Prysmian Romania.
Romania’s Finance Ministry reopened a bond issue due in 2030 and raised RON771 million from banks on Thursday, more than double the scheduled level of RON300 million, at an annual yield of 5.56%.
French group Lagardère Travel Retail wants to reposition the Inmedio network, which currently has 231 stores in Romania, and expand it with new locations, both in malls and shopping arcades and through new formats or channels.
Banca Comerciala Romana (BCR) has released a new bond issue, worth RON600 million, with a maturity of seven years, which will be listed on the Bucharest Stock Exchange.
Clifford Chance Badea law firm is expanding its team by bringing Eleonora Udroiu, a lawyer with nearly 18 years of experience on board, who will oversee competition and energy law projects in the M&A practice led by partner Nadia Badea.
Grup Serban Holding, an entrepreneurial business established by Nicolae Serban, operating in several agricultural fields, announced the successful conclusion, from the very first day, of the private placement for its stock, in the wake of which it raised RON12.7 million from investors.
Croissant producer Derpan located in Smardan, Galati county, controlled by brothers Valentin and Emil Ancuta, projects RON42 million turnover for 2021, similar with the 2020 level, after gas prices tripled and raw materials and packaging are in ever shorter supply on the market, according to the company’s representatives.
Dunca Expeditii, one of the largest freight carriers in Romania, in which Dunca family owns a majority stake, has budgeted 5% higher turnover for this year. The company ended 2020 with RON167 million turnover.
Penny continued to open new stores during the pandemic, 20-25 units per annum, but wants to step up and even double up the pace toward 40 units starting 2022.
Poland’s mobile games studio Ten Square Games’ office in Bucharest, which opened in 2021, plans to expand the local team and has several positions currently open for roles such as Java solution architect, senior economy designer, 2D/3D senior game artist, game designer or technical game designer.19015 items