Romania | News

Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology designed to improve diagnostic capabilities and increase efficiency in patient care.

Fashion retailer C&A, a major player on Romania’s market, will open four stores locally this year, from three units in 2023.

Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement their position on the real estate market.

CER Cleaning Equipment, which operates Kärcher production in Romania, entered the club of RON billionaires after doubling its turnover in the past two years.

Romania at the end of last year had 997 km of highway, 48 more than in 2022, which account for 5.6% of the national road network, National Statistics Institute data show.

A decision should be made at the NATO level to shoot down missiles in Ukrainian airspace heading towards Poland or Romania.

Revolut is launching a product for the refinancing of loans taken out from other banks and Romania is the first market to benefit from this type of personal loan.

Europe will resume magnesium mining for the first time in more than a decade, while the UE is trying to curb its dependence on imports of Chinese critical raw materials imports. Romania, an EU member, on Friday, April 12, 2024 granted a mining concession to Verde Magnesium, which is backed by US investment company Amerocap.

The largest oil producers in the European Union in 2022 were Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), data from Eurostat, the statistical office of the European Union, showed on Monday (April 15).

Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a portfolio of almost 90 photovoltaic projects of up to 2,000 MW in Romania, Italy, Bulgaria and Croatia.

Czech group Packeta, which operates the delivery platform of the same name, plans to invest EUR5 million in Romania this year, banking on the development of new partnerships and logistic development, explained Alexandr Jeleascov, Packeta CEO for Romania, Bulgaria, Greece, Italy and Turkey.

Six months after entering Romania, Ukrainian retailer Aurora has reached 10 stores, all in the area of Moldavia, and is continuing expansion in the same region.

Flanco, one of the largest local retailers of IT&C, electronics, and home appliances, will undergo a rebranding process as it aims to reposition itself as the first smart electro-IT discounter in Romania.

EDP Renewables (EDPR), the Portuguese group that is a major player on the global green energy market, last month got the technical connection permit for two solar parks in Romania.

Prime Batteries, founded by entrepreneur Adrian Polec and included in the portfolio of European conglomerate InnoEnergy, and Monsson Group put into operation the largest capacity of electric energy storage in batteries in Romania.

Romania is one of the European Union Member States with the lowest house price increases, of 25%, between 2010 and 2023, half the European average, but rents surged 45% to 50% during the same period, data from Eurostat, the statistical office of the European Union, showed on Thursday (April 8).

BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania.

Romania’s M&A market in the first quarter of this year registered 63 deals, a frail increase from the 61 deals posted during the same period of 2023, showing however stepped-up activity compared to the two previous quarters, shows an EY Romania analysis.

The State Oil Company of Azerbaijan (SOCAR) may extend the gas supply contract signed with Romania for another two years, but everything will depend on the desire of the Romanian side, SOCAR Vice President Elshad Nasirov said on April 1 during the 8th meeting of the Azerbaijani-Romanian intergovernmental joint commission on trade and economic relations […]

The Cabinet of Ministers of Ukraine had approved the agreement on the opening of the international checkpoint Bila Tserkva (Ukraine) - Sighetu Marmatiei (Romania).