Romania | News

Comarch, a Polish company that develops software solutions for several industries, has hundreds of clients in Romania and plans to increase their number during 2024.

The total monthly average income in Romania stood at RON7,175 per household, in nominal terms, in 2023, representing RON2,872 per person and increasing by 11% and by 11.5%, respectively, compared to 2022, data from the country's statistics board INS showed on Monday (June 10).

Passenger car sales with rise by 1.7% in Romania in 2024 yearly, and those of light commercial vehicles will inch up by 0.6%, reveals PwC Autofacts report drawn up in Romania, Poland, Czechia, Hungary and Slovakia.

In the context in which the number of investors in mutual funds increased by 20,000 in April 2024 versus March and by 78,000 so far in 2024, all large asset management companies in Romania saw significant increases in assets, with BRD AM becoming the largest local investment management company, managing assets worth RON4.7 billion.

The 20 largest actors in the meat industry in Romania posted RON13.6 billion or almost EUR3 billion revenue together last year, an increase of 7.5% on the previous year, ZF has calculated from the data provided by companies and from public data available from the Finance Ministry.

Delphine Mirelle Garcin-Meunier, who served as head of group strategy with Société Générale and has been a member of the Executive Committee of the group since 2023, has received approval of Romania’s central bank for her position as chairperson of the Board of Directors of BRD-Groupe Société Générale, the bank said in a report to the Bucharest Stock Exchange on Tuesday.

New car registrations in Romania increased by nearly 15% in May 2024 against the same month of 2023, up to 15,700 units, in line with data provided by Romanian carmakers’ association ACAROM.

Romania's Aerostar Bacau, a company that repairs and retools military aircraft, and US Lockheed Martin partnered up and inaugurated Europe’s first certified HIMARS Sustainment Center, in Bacau (eastern Romania).

OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on May 30 that it closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026.

OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania.

Raiffeisen Bank will be inaugurating Raiffeisen Tech, the new finance and banking tech and software development center in Romania, on July 1, 2024, the parent group informed in a release on Wednesday (May 29).

Black Sea Oil & Gas SRL (BSOG), a company owned by investment fund Carlyle International Energy Partners and the EBRD, is launching BSOG Energy SRL in Romania, a company focused on biogas plant development.

German retailer Kaufland, present in Romania with around 180 hypermarkets, invested RON1.35 billion (EUR275 million) in Romania in 2023, relatively flat from the level reported in each of the past years.

The investment level planned by the six largest drug makers in the plants they have in Romania reaches RON350 million in the 2024-2025 period, in line with ZF calculations, as projects are starting to shape up.

The President of Romania promulgated the Law on Offshore Wind Energy, making of Romania the first country in the Black Sea region to adopt such a law and one of the leading nations in offshore wind in Southeastern Europe.

Russian retailer Svetofor has “quietly” reached 11 stores opened in Romania and RON80 million turnover.

Lidl companies in Romania (Lidl Discount SRL, Lidl Romania SCS, Lidl Romania SRL and Lidl Imobiliare Romania Management SCS) ended 2023 with a consolidated turnover of over RON22.4 billion, up 18% on the year, and net profit of nearly RON1 billion, close to 2022 level.

Romania has become the 15th largest market for Italian agri-food products worldwide, being outranked only by Poland and Greece, in Central and Eastern Europe (CEE).

Italian group Artsana, which manufactures children's textiles in Botosani under brands such as Chicco and Prenatal, is planning to close its factory in Romania, market sources told ZF.

Germany’s Bosch Group ended fiscal 2023 with RON2.5 billion (EUR516.2 million) consolidated sales in Romania, the same as in 2022.