Avioane Craiova, an aircraft manufacturer controlled by the Romanian state, in H1/2024 registered total revenues worth RON74.4 million, almost three times higher than in the same period of last year.
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project that Nala Renewables bought from OX2.
The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary consolidation moves, the gap is likely to go beyond 7% of GDP this year, with the risk of its heading toward 8% of GDP, reads a Fiscal Council report.
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value of 5.1062 units/euro.
Motorola Solutions Romania, the local subsidiary of the US company of the same name, a provider of emergency communications solutions, reported lower turnover and slightly higher net profit for 2023.
Canon’s Timisoara software research and development center had a stable headcount in 2023 and higher turnover than in 2022.
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, reported turnover of RON8.2 million (EUR1.6 million) for 2023, up 77% from 2022.
Leanpay Romania, the local subsidiary of Slovenian startup specializing in BNPL-type services, aims to reach 1,000 partners by end-2025 as Romania is one of the biggest markets in the region for such new lending services, with the potential of the market revolving around EUR1 billion, in line with the company’s estimates.
Medicover, Romania’s third largest private healthcare provider, the subsidiary of the Swedish group of the same name, plans to consolidate the centers it owns in Romania.
Oresa Industra currently has a 77,000-sqm portfolio concentrated in two logistic projects, a 35,000-sqm project in Iasi, and a 42,000-sqm one in Arad.
Romanians are expected to spend RON3.4 billion on kids’ clothes and footwear this year, over four times less than on women’s clothes and shoes, in line with ZF calculations based on data provided by market research company Euromonitor.