Romania | News

Romania's Minister of Energy Sebastian Burduja and the Mayor of Suceava Ion Lungu signed on Friday a financing agreement for the modernisation of district heating in Suceava, northern Romania. 

Romania has a total modern retail space stock of more than 4.3 million square meters, of which over 2.7 million square meters are malls and the rest mainly retail parks, the annual market report published by real estate consultant Colliers shows.

US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania, in Bucharest, at the same time as in Poland, Warsaw and Sweden, Stockholm.

German-held retailer Kaufland has opened its fifth store in Constanta, bringing its network to 175 stores in Romania.

Fashion group C&A, which has over 1,300 stores in 17 countries around the world, is still working with only five partner factories in Romania that make clothes for the Dutch brand. The number has steadily declined, from around 40 in 2016, to 20 production facilities in 2019, to eight the following year and five today.

Romania ranks 14th in the European Union by new car registrations in January 2024, with a volume of 12,733 units, an increase of 3.8% on January 2023, data from the Romanian and European carmakers associations ACAROM and ACEA show.

Romania produced a quantity of crude oil of 2.795 million tons of oil equivalent (toe) in 2023, fewer by 129,200 toe (-4.4%) than in the same period of 2022, in line with data released by the National Institute of Statistics (INS).

Romania's wine production was 15% higher in 2023 vs 2022, despite coming from a total vineyard area slightly reduced compared to the previous years, in line with data from ONVPV, analyzed by Wines of Romania.

Developers mull building two new data centers with overall 40-45 MW power in Romania, meaning total investments of almost EUR500 million, in line with data provided by Knight Frank, the real estate consultancy.

The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to just EUR5.1 billion in 2023, the lowest annual amount of the last decade, but 2024 outlook shows renewed optimism, as per a report drafted by iO Partners in collaboration with JLL.

Photon Energy Engineering Romania has completed and grid-connected its tenth PV farm in Romania, with a generation capacity of 3.8 MWp.

Romania met several major criteria for France’s Biocodex to decide opening its own Bucharest subsidiary: a good macroeconomic framework, well-trained workforce and cultural closeness to France.

RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its second beverage packaging collection center in the country, within the logistics park in Giarmata (Timis County).

Gas transmission system operators of Romania, Moldova and Ukraine have launched public consultations on an expansion of the Trans-Balkan gas pipeline’s reverse capacity within the framework of the incremental capacity procedure.

Turkish agri fintech Tarfin is readying to launch Tarfin PRO platform in Romania in a bid to streamline the supply process, according to the company’s officias.

JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday, reaching 139 units locally.

Customs officers thwarted an attempt by a Ukrainian national to illegally export a batch of artefacts, including Byzantine glass, elements of horse harness and jewelry, to Romania.

New car registrations in Romania increased by 4.15% on the year to 12,733 units in January 2024, in line with data released on Feb 2 by Romanian carmakers’ association ACAROM and the General Directorate for Driving Licenses and Vehicles Registration (DGPCI).

In 2023, Romania, China and Türkiye were the major importers of Ukrainian agricultural products.

The head of the General Staff of Romania’s armed forces, General Vlad Gheorghiță, said on Wednesday that in case Russia wins the war against Ukraine, Moldova could become its next primary target.