Romania | News

Fraher group, controlled by Hertea brothers, wants to expand TU dairy production and become the largest producer of mature cheese in Romania, explained Nicolae Hertea, Fraher co-founder.

Israel-based defense technology company Elbit Systems announced this week that it secured a contract worth a quarter of a billion shekels to supply counter-drone systems to a 'European country.' Legal documents from Romania reveal how its state-owned rival, Rafael, lost the tender

Romania experienced robust economic growth between 2016 and 2021, resulting in a substantial reduction in poverty; the poverty rate ($6.85/day PPP) dropped by 14.7 percentage points to 7.1 percent, according to a recent World Bank report.

The number of new cars registered in Romania increased by 2.4% to 148,105 units in 2024, 58,470 of which were hybrid vehicles (35% more) and 9.765 were full electric (32% fewer), the association of carmakers in Romania ACAROM data show.

Poland’s Polish group Zabka, which has a network of more than 10,000 stores in its home market, entered Romania’s grocery retail market about eight months ago, when it opened its first store.

DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe.

D&B David si Baias, PwC's correspondent law firm in Romania, has assisted the Altex group, owned by Romanian entrepreneur Dan Ostahie, in its acquisition of the Brico Dépôt DIY store chain in Romania from Kingfisher plc.

Nine months after its launch in Romania, Munch app that aids reduce food waste, has reached 180 partners in 291 locations of Bucharest and Iasi, marking a 40% increase over the past six months.

The Government of the Republic of Moldova declared a 60-day state of emergency starting on 16 December 2024. In response, Romania has pledged its support to help the country navigate this critical period.

E-commerce continues to grow at a fast pace in Romania, with 73% of internet users making online purchases in 2024, in line with national statistics board data quoted by the Romanian Association of Online Stores (ARMO), confirming Romanians’ high appetite for digital purchases.

Hungarian state company MVM and Germany's E.ON Group have reached an agreement on Dec. 16 for the acquisition by MVM of E.ON's energy retail and customer solutions business in Romania, according to an announcement by E.ON.

Renewable energy provider Enery has announced the successful signing of a EUR214.45 million bank loan facility with UniCredit Bank, Banca Comerciala Romana (BCR) and Erste Group Bank AG to support the development and consolidation of its renewable energy projects in Romania.

Romania’s public debt, in both lei and foreign currency, stood at RON916.7 billion at the end of September 2024, which is nearly 17% higher since the beginning of 2024 and accounts for 53.1% of gross domestic product (GDP), Finance Ministry data show on Monday (Dec. 16).

Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases

German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania.

While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the forefront in Romania, according to Daniel Anghel, Country Managing Partner, PwC Romania.

A total of 42,312 housing units were put into use in Romania in January-November 2024, fewer by 7,681 units than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (Dec. 11).

Drug producer Zentiva plans new production investments in Romania and wants to bring new products to manufacture in Bucharest, explained Simona Cocos, general manager of Zentiva Romania and the Republic of Moldova.

Over 250,000 Romanians from diaspora are coming to Romania during the month of December for the winter holidays and many of them are set to undergo various dental treatments considering that prices are up to 80% more affordable than in the West, as per data from LIFE Dental Spa and VIVO Dental, dental clinic chains specialized in high-precision laser dental treatments, part of the LIFE Group medical services network.

French group Carrefour, present locally with around 450 stores under various formats, is accelerating its development in a franchise system in Romania, aiming to reach over 100 units operated by partners in the near future, from 33 today.