Scandinavian furniture and home décor retailer JYSK opens its second store in Sibiu and 95th in Romania on Thursday, December 17.
Frisbo, the first full provider of e-fulfillment services in Romania, which takes over depositing and processing the orders of online shops, said Monday it was expanding operations to five new countries: Moldova Bulgaria, Hungary, Slovakia, Spain, Italy and Belgium.
Romania’s largest milling and bakery business Boromir has invested EUR8 million in boosting grain storage capacity and corn flour and bread production capacity to meet rising demand, its officials say.
Romanians spent more than 20 billion lei in pharmacies last year, as their medicine and food supplement purchases rose by 8% in 2019 year on year, Trade Register data show.
Swedish real estate developer Skanska has sold office buildings Campus 6.2 and Campus 6.3 in Bucharest to Austrian developer S Immo, which owns the Sun Plaza shopping center in Bucharest.
Romanians took out new mortgage loans worth 1.36 billion lei in October, the highest level in 2020. The volume was down 8.1% compared with the year-ago month.
TeraPlast, the parent-company of TeraPlast Group, announced Friday the sale of its window profiles business to Dynamic Selling Group, a producer and distributor of window profiles for thermal insulating carpentry, for EUR4.5 million.
Impact Developer & Contractor (IMP.RO) starts a private placement offer for 48 million shares of Star Residence Invest, the first Real Estate Investment Trust (REIT) to be listed on the Bucharest Stock Exchange at a price of RON0.218/share.
ROCA Investments, part of Impetum Group, said Friday it has acquired 30% of the shares of irrigation pump manufacturer Mecanex Botosani and plans to invest EUR1 million to make it a major player on the regional irrigation market.
Lender Patria Bank (PBK.RO) on Friday said the Bucharest Stock Exchange has approved the admission to trading on its regulated market of EUR8.2 million worth of bonds.
Romanian shipyard Santierul Naval Orsova (SNO.RO) said Friday in a stock market announcement that it had concluded two external contracts worth a total EUR3.3 million for the construction of inland vessels.
Romania’s general election result points to continued political uncertainty and hence a still-challenging policy-making environment and the need to pass a 2021 budget will be a near-term test of the next administration’s cohesion and an indication of likely fiscal policy settings, Fitch Ratings said
Purcari Wineries Group completed on December 9 the sale of its holding in Moldova’s glass packaging producer Glass Container Group to Vetropack Group, for EUR7.22 million.
Romanians’ household expenditure, namely, costs with housing, water, electricity, gas and other fuels, saw the largest decrease among EU Member States, between 2009 and 2019, Eurostat data showed Friday.
The average net salary in Romania grew 0.7% in nominal terms in October 2020 compared with September 2020, to 3,343 lei (around EUR686), data from the country's statistics board showed Friday.
Romania's annual inflation rate inched down to 2.1% in November 2020 from 2.2% in October and 2.5% in September, data from the country's statistics board showed Friday.
Delphi Diesel Systems Romania, the local subsidiary of US’ Delphi group, posted 2.23 billion lei (EUR471.2 million) revenue in 2019, an increase of merely 1% year-on-year, ZF has calculated from Finance Ministry data.
Romanian-held furniture manufacturer Aramis has seen unexpected sales growth during the pandemic starting July, which led to an increase in the number of employees by 500.
Car production in Romania reached 404,699 units in January-November 2020, 10.52% fewer than 452,272 units in the same period in 2019, data from Romania’s carmakers association ACAROM showed Friday.
Bulgaria and Serbia are the only countries from which Romania imported more furniture in January-July 2020 compared with the year-ago period, data from Romania’s association of furniture manufacturers APMR show.