Romania Feed

Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, reported a turnover of RON170.8 million (EUR34.6 million) for 2022, up 23.5% from RON138.3 million (EUR28.1 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Concrete prefab manufacturer Prebet Aiud (PREB.RO) has secured shareholders’ vote to increase its ownership stake in Roca Investments through the acquisition of shares or participation in the share capital increase within the limit of the amount of EUR5 million, as shown by the decision of the General Meeting of Shareholders of Oct 11 sent to the Bucharest Stock Exchange.

The foreign direct investment (FDI) stock on the construction and property deal segment reached EUR18.59 billion at end-2022, seeing the third highest growth rate among all economic sectors in 2022, after industry (EUR32.6 billion in 2022 vs EUR29.4 billion in 2021) and trade (EUR19.1 billion in 2022 vs EUR17.2 billion in the previous year), as per data from Romania's central bank, analyzed by real estate consulting firm Cushman & Wakefield Echinox

Bauer Kompressoren, part of German BAUER Group, one of the world market leaders in the production of medium and high-pressure compressors up to 500 bar, has inaugurated its new factory in Ghimbav (Brasov County). Compania Bauer Kompressoren, parte a grupului german Bauer cunoscut pentru compresoarele sale care încarcă buteliile de aer respirabil pentru pompieri şi scafandri, a inagurat oficial fabrica de compresoare de la Ghimbav, judeţul Braşov, unde în prezent lucrează 150 de oameni.

Communications agency GMP PR has announced that it changed its name to GMP&U, an IDEA Company, following an eight-month rebranding process.

Romania’s industrial production decreased by 5.8% in unadjusted data in August 2023 versus August 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-8.3%) and manufacturing (-6.2%), data from the country’s statistics board INS showed on Thursday (October 12, 2023).

Romania's Finance Ministry raised RON973.1 million from banks on Thursday (October 12), above the targeted level of RON600 million, selling treasury bills maturing in October 2033, at an annual average yield of 7.13%.

Romania's statistics board INS on Thursday (Oct 12) reconfirmed the country's gross domestic product (GDP) growth of 1.7% in real terms (in unadjusted data) in the first half of 2023 versus the same period of 2022, to a total of RON695 billion.

The average net salary in Romania decreased by 0.7% in nominal terms in August 2023 compared to July 2023, to 4,531 (EUR913), data from the country's statistics board INS showed on Thursday (October 12).

Real estate consulting firm CBRE has appointed Marius Scuta as Head of Business Development, starting with November 1, 2023, as part of the company’s strategy to strengthen its position in the market and develop its business.

Romania's annual inflation decreased to 8.8% in September 2023, after stagnating at 9.4% month-on-month in August 2023, data from the country's statistics board INS showed on Thursday (October 12).

The passenger car output of the two automotive plants of Romania, Dacia and Ford, dropped by 1.8% year-on-year to 375,860 units in the January-September 2023 period, in line with data provided by the country’s carmakers association ACAROM.

CreditAmanet holding, a Romanian-held provider of pawnbroking and money exchange services, aims to invest more than EUR1 million this year in business digitalization, which has become a priority in its development strategy.

Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, has opened a new unit, a KFC restaurant in Slobozia, Ialomita county.

Romanian-held bakery producer Pambac started to export its products seven years ago and now they reach stores in Germany, Spain, The Netherlands, Italy and the UK.

Carmaker Automobile Dacia placed sixth in a ranking of carmakers in Eastern Europe by turnover, reporting EUR5.17 billion for 2022.

The largest Ukrainian retail chain in the one dollar store format, Aurora Multimarket, has entered the Romanian market and opened its first store in Romania, in the city of Suceava.

MedEuropa, the most dynamic company in the medical field by its 2022 financial results in Romania, with four radiotherapy clinics on the local market, aims to open seven new units by the end of 2025.

The shareholders of the national gas transmission company Transgaz (TGN.RO) convened in ordinary general meeting on October 11 and approved, among others, the appointment of Ilinca von Derenthall as a provisional member of the Board of Administration.

Chromosome Dynamics (CHRD.RO), a developer of IT & AI solutions for the agribusiness sector, announced in a stock market report that Vasile Dragoi has reached an ownership stake of 6.8411% in the company following the finalization of the share capital increase operation.