Romania Feed

The Romanian leu dropped to a fresh all-time low against the euro on Wednesday (July 14), as the central bank average reference rate stood at 4.9283 lei to the European currency.

Recruitment website eJobs, held by Swiss company Ringier, ended the first half of 2021 with a turnover of over EUR5.5 million (RON27 million), up nearly 70% compared with the same period in 2019, per data provided by company representatives.

Romania's current account balance posted a deficit of EUR5.947 billion in the first five months of 2021, compared with a deficit of EUR3.207 billion in the same period in 2020, central bank data showed Wednesday.

A total 35 MyAuchan proximity stores were opened in Petrom filling stations, in ten Romanian counties, in January-June 2021, but the aim is to open 100 units annually, said Tiberiu Danetiu, marketing director at Auchan Retail Romania.

Alexandrion Group, the largest spirits producer in Romania, with a nearly RON955 million turnover in 2020, is entering the gin market, with the Kingsbury London Dry Gin product launched simultaneously on the Romanian market and globally.

The second bond issue, worth EUR7 million, of Vivre Deco, one of the largest online retailers of furniture and decorations in Central and Eastern Europe, has started trading on the Multilateral Trading System of the Bucharest Stock Exchange on July 14, 2021, under the ticker symbol VIV26E.

EximBank has granted a financing facility of RON167 million to ALRO Slatina, the only producer of aluminium and aluminium alloys in Romania and one of the largest vertically integrated aluminium producers in Europe, measured by production capacity.

The Board of Directors of Sphera Franchise Group, the operator of Pizza Hut, KFC, and TacoBell in Romania, plans to pay some RON35 million to shareholders in dividends from the 2019-2020 undistributed profits.

Mihail Kogalniceanu International Airport in Constanta saw only 14,700 people passing through it in the first half, about 72% fewer than in the year-ago period, the data the company officials supplied show.

Bucharest Stock Exchange closed at a new all time high on July 13, 2021 and overshoot the 12,000-point mark for the first time ever, if looking at its main index, BET, which shows the trend of the 17 most traded companies.

Meta Estate Trust, a new company on the Romanian real estate market, on Tuesday announced that it has successfully closed its private placement of shares, raising RON21 million from investors.

Regional investment fund SIF Transilvania (SIF3.RO) has been authorized by the Financial Supervisory Authority (ASF) as a Retail Investor Alternative Investment Fund (RIAIF), under Authorization no. 150/09.07.2021, per a stock market report.

Transport Trade Services (TTS.RO), Romania's biggest freight transporter on the Danube, which was listed on the Bucharest Stock Exchange on June 14, 2021, will benefit from market maker services provided by BRK Financial Group (BRK), starting July 14, 2021.

The housing rental market in Romania is expected to grow in the coming years, as the overcrowding rate is ramping up and increases in housing prices and construction costs limit people’s possibility of owning a larger house, thus supporting the evolution of the rental market, per an analysis by real estate consulting firm Colliers.

Some 70% of Romanian technology startups were affected by the COVID-19 pandemic and the average revenues of this type of business reach EUR150,000 countrywide, with a seniority below four years, per the survey “Impact of COVID19 on Tech Startups in Romania” initiated by the Romanian Tech Startups Association (ROTSA), in partnership with over 130 players in the national startup ecosystem.

Bosch, a leading global supplier of technology and services, has officially announced the start of construction works on a new office building within its engineering center in Cluj-Napoca, an investment estimated at approximately EUR21 million.

Germany’s DIY retail chain Hornbach Romania has invested EUR27 million in a new store to be opened in the city of Cluj-Napoca, on July 15, 2021, which brings its total investments to EUR202.2 million since its entry on Romanian market in 2007.

Romania’s industrial production increased by 16.9% as gross series in the first five months of 2021 compared to the same period in 2020, and by 17.5% as series adjusted by number of working days and seasonality, the country’s statistics board INS said Tuesday.

Romania manufactured 236,663 vehicles in the first half of 2021, data from the country's carmakers association ACAROM showed Tuesday.

Romania's annual inflation rate grew to 3.9% in June 2021, higher by 0.3% from 3.8% in May 2021, data from the country's statistics board showed Tuesday.