Germany’s Bosch Group ended fiscal 2023 with RON2.5 billion (EUR516.2 million) consolidated sales in Romania, the same as in 2022.
The Dulcinella brand, originating in the Republic of Moldova and present in Romania since 2019, has opened four new pastry shops, in the cities of Bucharest, Iasi and Suceava, following a total investment of over EUR300,000.
Supermarket and convenience store chain Profi ended 2023 with a turnover of RON12.9 billion, up 11% from 2022, but the advance is half the level reported in 2022 versus 2021.
Telekom Romania Mobile, the fourth mobile telephony operator in Romania, recorded loss in 2023 too, lower revenue and a lower average number of employees, in line with data from the balance available on the finance ministry website.
The total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, reached EUR1.68 billion in 2023, higher by EUR200 million compared to 2022, in line with the latest data released by Romania's statistics board INS.
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rate will average 5.73%, up from 5.33% from the previous survey.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the contracting a RON150 million loan to be used for the acquisition of 100 electrical trolleybuses.
Rating agency Fitch has assigned Romgaz, a natural gas producer and supplier controlled by the Romanian state, investment grade credit rating “BBB-“ with a stable outlook.
Local company Senior Software, which specializes in development and integration of IT systems for business management, in 2023 generated net profit worth over RON10 million, up 44% year-on-year.
The Bucharest Stock Exchange (BVB) announced in a stock market report on May 21 that it would start a share buyback program from May 22, which was approved by shareholders on April 24, 2024.