Romania | News

Scandinavian home furnishings retailer JYSK continues to expand in Romania and is opening a new store in the town of Tecuci, Galati County, on Thursday (Feb. 6), thus reaching a 147-unit network in the local market, according to calculations by Ziarul Financiar (ZF) daily.

Amundi, the European leader in asset management, is expanding its operations through a new partnership for the distribution of investment funds in Romania with TradeVille, the largest retail broker on the local market, the companies said in a press release.

tbi bank plans to launch new MREL-eligible bond issues in Romania and Greece, alongside Bulgaria, aiming to raise a total of EUR60 to EUR80 million to support its rapid business growth from a regulatory perspective.

PragmaGo, the Polish fintech providing funding services for SMEs, supported by investment fund Enterprise Investors, aims for fast growth in Romania via local company Omnicredit it has acquired recently, with the target envisaging tripling its loan portfolio in the next three years.

Dutch group Versuni, which includes Philips and Saeco brands in its portfolio, boosted Romania sales by over 10% in 2024.

Generali, Italy’s largest insurer and one of Europe’s top three, is closely monitoring any opportunity of growing Romania operations via acquisitions, but for the time being no such possibility is visible given European insurers’ high interest in the local market.

State-run grid company Transelectrica (TEL.RO) on Friday notified investors about the registration with the Trade Register Office of a joint venture company, "GECO POWER COMPANY - GREEN ENERGY CORRIDOR POWER COMPANY LIMITED LIABILITY COMPANY" based in Romania, which will implement the Green Energy Corridor project, put at EUR3.5 billion.

Anglo-Dutch giant Unilever, a leading player on the consumer goods market, is set to shut down its ice cream plant of Veliko Tarnovo, Bulgaria and move part of production to Romania, in Suceava.

German retailer Kaufland has inaugured on Thursday (Jan. 30) its second store in the town of Bragadiru (Ilfov County), thus reaching a network of 188 hypermarkets in Romania.

Direct selling company Avon, one of the largest actors on the cosmetics market in Romania, expanded into retail last year, opening franchised stores.

The Scurtu Mare project is Econergy Group’s third connected facility in Romania.

BRD Asset Management managed a significant leap in the ranking of Romania’s largest investment managers by assets and reached the top position at the end of 2024, from fourth at the end of 2023, as its assets increased by around RON2.3 billion. Its market share expanded by 3.7%.

Sporting goods retailer Decathlon, which arrived in Romania in 2009, will resume expansion in the country and open new stores in 2025 and 2026, after having focused on remodeling some of the already existing ones. The remodeling will continue, as well.

Romania has become Europe’s third largest vacuum cleaner exporter after Germany and Austria and one of the top ten exporters in the world, as a result of the manufacturing investments of Germany’s Kärcher.

British American Tobacco (BAT), the leader of the Romanian tobacco and nicotine products market, is recognized as Top Employer in Romania and 4 other markets in the South Eastern European Area in the company, meaning that 5 of the 10 BAT European organizations recognized as Top Employers are from this Area, the company has announced in a press statement on Thursday (Jan. 23).

Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers consultants predict in the report ”Top 10 Forecasts for the Romanian Real Estate Market in 2025”.

German group Rehau appointed Paul Chipriean as Country Manager for Romania in early 2025, while Alexandru Oprea will fill a strategic position at regional level.

BASF Agricultural Solutions, one of the largest suppliers for the local plant protection product market, has a new country manager for Romania and the Republic of Moldova, Gabor Krasznai.

Romania has installed 1,200 megawatts (MW) of capacity in 2024 and aims to double this amount in 2025.

Law firm Filip & Company has provided legal assistance to Qemetica, a major player in the European chemical industry, in a complex project regarding the sale of calcined soda ash and sodium silicate production assets and activities in Romania, through Ciech Soda Romania, previously known as Uzinele Sodice Govora.