Romania | News

Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey conducted by a research group part of the Bucharest University of Economic Studies commissioned by The Romanian Employers Association in the Software Industry (ANIS).

The three Retele Electrice companies, part of the PPC Group in Romania, have initiated a public tender on the SEAP platform, with a maximum combined value of nearly RON55 million (excluding VAT), for the purchase of transformers from medium voltage to low voltage, which are necessary in modernization projects aimed at increasing the resilience and reliability of their distribution networks.

Romania’s construction sector reached record highs in 2023 and 2024, backed by strong private demand for certain property segments and a significant increase in public investments, but 2025 is expected to be challenging, as per an analysis of real estate consulting firm Colliers regarding the evolution of the real estate market in the first six months of 2024.

New passenger car registrations in Romania rose by 4.3% in January-September 2024 against the same period of last year, to 115,509 units, while at EU level the number of new car registrations inched up by 0.3% to 7,993,829 units, in line with ACAROM and ACEA data.

French-held retailer Carrefour has finalized the integration of former hypermarket Cora Lujerului Bucharest, once the best food store in Romania by sales, in the context of its acquisition of Cora chain.

Romania’s state-owned gas producer Romgaz has successfully launched its inaugural bond issuance, raising €500 million through the Euro Medium Term Notes (EMTN) program, the energy ministry in Bucharest said.

Romania continues to be a strategic center for Brazil’s Stefanini Group, which provides innovation and digital transformation solutions, owing to its capacity to attract talents and linguistic diversity, said Farlei Kothe, who took over the position of CEO for North America, EMEA and APAC at Stefanini Group.

French group Auchan, one of the most powerful players in Romania’s food retail, will end 2024 in the black as both the value of the average receipt and the number of clients have risen.

tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, announces an upward revision of its net profit for the first half of 2024, after the auditors’ review of the interim financial data, to EUR24.4 million (EUR1.2 million more than initially reported).

tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own technology hub - tbi tech, in Türkiye.

Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech center in Romania, with around 140 employees at present.

The Romanian government aims to have most of the 1,000-plus vehicles Cobra II vehicles manufactured in Romania.

The total monthly average income in Romania stood at RON8,210 per household, in nominal terms, in Q2/2024, representing RON3,274 per person, 2% more than in Q1/2024 and 18.8% higher than in Q2/2023, data from the country’s statistics board INS showed on Monday (Oct 7).

Romania has reported the discovery of debris from a Russian drone.

Romania M&A Market in the first nine months of 2024 registered 198 deals, up 8.2%, with the estimated value rising by 22% to $5.2 million, mainly supported by Energy and Utilities activity, reveals an EY Romania analysis.

A Patriot air defense system donated by Romania has arrived in Ukraine.

The number of new remote jobs on the market has declined in the past year, after during 2020-2022 period it had soared, reaching as high as over 10% of the total number of jobs posted in one year, reveals an analysis by eJobs.ro, the main online recruitment platform in Romania.

Romania attracted foreign direct investments (FDI) totaling EUR6.74 billion in 2023, compared with a record level of EUR10 billion reported for 2022, an analysis by the country's central bank and the statistics board INS showed on Monday (Sept 30).

Some F-16s have already been delivered to the international training center based in Romania to train pilots, including those from Ukraine.

UK’s Kingfisher Group, which owns DIY retailer Brico Dépôt in Romania, is in talks to sell the operations in the country, market sources told ZF.