The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, shows that the activity in Romania’s manufacturing industry kept shrinking in August 2024, as companies continued to contend with weak demand conditions.
Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’ Lockheed Martin. According to official information, Romania should sign for the acquisition of the 32 F-35 jets at the end of this year or early in 2025.
Scandinavian home furnishings retailer JYSK, continues to expand in Romania and is opening two new stores, in Cluj-Napoca and Bucharest, thus reaching a 145-unit network locally.
IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it already has two, says Jesper Brodin, CEO of Ingka Group, the largest IKEA franchiser.
Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in Bucharest. This is its largest store in the country.
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second largest, after the UK, globally.
Israel’s Nofar Energy, one of the leading renewable energy investors in Romania, has signed a loan facility agreement and a VAT facility agreement totaling EUR122 million with the European Bank for Reconstruction and Development (EBRD) and Raiffeisen International, as lenders.
German-held discounter PENNY, which has some 380 stores in Romania, has started works on its fifth warehouse in the country, located in Mihailesti, in the county of Giurgiu, and the investment is estimated at EUR35 million.
Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the previous forecast, particularly for the end of 2024, the institution says in the minute of the monetary policy meeting of August 7.
Leanpay Romania, the local subsidiary of Slovenian startup specializing in BNPL-type services, aims to reach 1,000 partners by end-2025 as Romania is one of the biggest markets in the region for such new lending services, with the potential of the market revolving around EUR1 billion, in line with the company’s estimates.
Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L., the subsidiaries of software company Globant, merged at the end of June 2024, as per shareholders' decision published in the Official Gazette.
Romania’s first regional investment fund for business acceleration, an initiative of the West Regional Development Agency, with a total budget of EUR14 million, has reached the stage of selecting its manager.
Sweden's Syntronic, a leading design house specializing in advanced product and systems development, production, and aftermarket services, has opened a site in Romania, in Timisoara, and the new entity is named Syntronic Production and Aftermarket Services.
PPC Group (Public Power Corporation) has announced that it has signed an agreement with Evryo Group, owned by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania, which comprises 629 MW RES (renewable energy sources) in operation, and about 145 MW in pipeline assets.
Italian group De'Longhi, one of the world's largest actors in the small household appliances manufacturing market, has inaugurated its third production facility in Romania, in Satu Mare.
Underline Ventures, the venture capital fund set up by Bogdan Iordache, in its two years of activity has invested around $6 million in 13 tech startups both from Romania and the other countries of the region, in projects with international expansion potential.