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Scandinavian furniture and home décor retailer JYSK is expanding further in Romania by opening a new store, in Vaslui, thus getting to a domestic network of 104 units.
The year 2021 started well for the alcoholic beverage importer BDG, as sales returned to growth and beat not only the 2020 but the 2019 level, as well.
The Romanian market is, by store number, among the 3 most important European ones, for the Dutch-Belgian group, together with the Netherlands and Belgium.
Dragos Sarbu, CEO of electronics retailer Flanco, says expansion abroad is still part of the company’s plans, despite COVID-19 pandemics. The first country the Romanian firm will enter is Hungary, most likely in 2022.
East Grain, a grain trader controlled by several entrepreneurs of Romania and Hungary, last year completed a EUR7.6 million investment in a agricultural logistic centre in Sanpaul commune of Mures county.
The government on Wednesday agreed to increase the number of foreign workers newly admitted on the Romanian labour market in 2021 by another 25,000.
Electrica (EL.RO) shareholders have approved the establishment of a renewable energy generation company, Electrica Productie Energie, a report to the Bucharest Stock Exchange shows.
Integrated mobility service provider Autonom Services has reached an agreement with BRD-Group Société Generale as intermediary of a prospective corporate bond offering program in the fourth quarter of 2021, the company announced on the Bucharest Stock Exchange.
Romania’s mergers and acquisitions market saw a significant rebound in the first half, with a total of 69 transactions, reflecting an increase of 19% on the year-ago period, an EY study shows.
Romanians have over the past year made payments worth above RON13 billion through PayPoint network, namely 123 million transactions, with an average value of RON105.
The local subsidiary of Dutch-held retailer Used Products, which sells new and used products, will open its second franchised store in the country, in Timisoara, in October, following a more than EUR50,000 investment.
Alro Slatina group, one of Europe’s biggest vertically integrated aluminum producers, posted losses of RON47.5 million in the first six months of 2021, compared with profit worth RON253.6 million in the corresponding period of last year, while consolidated sales reached RON1.53 billion, up 13% from 1H/2020.
The pandemic led to changes in the residential rental market in Bucharest, both in terms of the average rent apartment owners ask and in terms of potential tenants, who chose to give up living in a rented place because remote work or online classes allowed them to live anywhere without having to stay in the city.
Romania’s annual inflation rate sped up in July to 5%, while from June 2021 consumer prices were up 1.0%, in line with data from the country’s statistics board.
Sweets producer Mars Romania, part of the Mars group, one of the largest foods businesses in the world, ended 2020 with RON568 million revenue, 3.4% lower year-on-year, data from financial analysis platform Confidas show.
Profi store chain, controlled by Mid Europa Partners investment fund, is raising its bet on rural areas, with almost half of the 90 stores opened in 2021 being under the Loco format, destined to villages and communes.
Agrana Romania, the biggest player on the Romanian sugar market, ended 2020 with turnover worth RON760 million, 27% higher than in 2019, in line with Finance Ministry data.
German-held retailer Tedi, operating on the non-food segment, is readying to enter the Romanian market, already having 30 rental contracts signed, according to ZF sources.
Pharmaceutical company Ropharma (RPH.RO) held by several Cyprus-based companies has secured approval from shareholders to sell an 8,852 square meter plot on Soseaua Bucium in Iasi to Rewe Projectentwicklung Romania, the real estate arm of Germany’s retailer Penny.
Local furniture manufacturer and interior design consultant Theta has leased 1,000 square meters in the City Gate office buildings and will relocate its central office and showroom there by March 2022.20531 items