Romania Feed

Dan Crisan will be taking over as the new Chief Operating Officer (COO) of PENNY | REWE Romania, starting January 2024.

The online phone and gadget store DualStore.ro, launched in Baia Mare in 2007, has invested more than one million euros in expanding its own-brand product category iSEN this year, adding new electronics such as smart watches, headphones, smart car cameras, smart car mirrors, TV box (media player) running Android, projectors, 3D pencils, accessories and gadgets to its portfolio.

CBRE, the leading player on the real estate consulting market, has become the property manager of the U•Center office building developed by Forte Partners and currently owned by Paval Holding.

Criboser of Oradea, the second most dynamic road haulage company by last year's growth in revenue, expects to approach the EUR50 million mark by the end of the year, its officials say.

Private lending in Romania grew by 4.5% in nominal terms (down 4% in real terms) to RON381.1 billion in September 2023 compared to September 2022, central bank data showed on Monday (October 23).

Romania's Finance Ministry raised RON653 million from banks on Thursday (October 23), above the targeted level of RON600 million, selling treasury bills maturing in 2030, at an annual average yield of 7.04%.

Asset manager SAI Certinvest has announced the launch of two investment funds with a predetermined time horizon, namely, Certinvest TARGET 2035 and Certinvest TARGET 2045, as per a press statement.

More than 62,000 part-time jobs have been put on the market since the beginning of 2023, 10% more than in the same period of 2022, according to data from eJobs, the largest recruitment platform in Romania.

End-user spending on cloud services has grown approximately 30% in 2023 compared to 2021, globally, despite a diverse range of offerings, as per an analysis by a local branch of a pre-owned software broker in Central and Eastern Europe.

EVconnect, one of the most extensive electric vehicle (EV) charging station networks in Romania and a partner of EVBox, has installed another 20 fast charging stations in filling stations in the western part of Romania.

82% of companies in Romania see advice during tax raids as being important or very important, as per a survey commissioned by Nowium, a major provider of integrated fiscal and legal consulting services.

Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, has signed the documents for the commissioning of hydro unit 1 (HA1) within the Slatina hydropower plant, which is an important objective in the company’s portfolio.

Greek group Alpha Services and Holdings, which owns Alpha Bank, and Italian group UniCredit have agreed the main financial conditions for the merger between Alpha Bank Romania and UniCredit Bank Romania, as part of an international strategic partnership.

The top position on Romania’s DIY market is the next objective France’s Leroy Merlin wants to achieve, said Mathieu Bauduin, CEO of the retailer, in an interview with ZF.

Freight carrier Sorcani, controlled by entrepreneur Mircea Barbu and founded in 1993, one of Romania’s most dynamic transport companies, ended the first nine months of 2023 with 20% higher turnover than in the same period of 2022.

HTEC Group, a global technology services, consulting and software company based in San Francisco, on Friday announced inauguration of a center of excellence for engineering in Cluj and is to expand to two other cities of Romania, Iasi and Timisoara, soon.

Infinity Capital Investments (SIF5.RO, the former SIF Oltenia) has notified the local capital market of the latest transaction conducted by Gravity Real Estate One, indirectly controlled by Gravity Capital Investments and subsidiary of the Infinity Group.

Romania remains 14th in the European Union in terms of new car registrations in January-September, 110,711 units, an increase of 16.2% on the year-ago period, 11,759 of which full electric and 32,597 hybrid cars, data from Romania’s and Europe’s carmaker associations (ACAROM and ACEA) released on Friday show.

Bucharest, Brasov and Arad will get new hotels under international brands as of 2024. The local market will add more than 580 rooms in such hotels from various brands.

Auchan Romania, one of the leading actors in the local food retail sector, continues its development on the convenience store segment by opening the seventh large supermarket in its network.