Romania | News

The European Investment Bank (EIB) has signed a EUR40 million loan to Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Romania, Bulgaria and Lithuania over the next three years.

The European Investment Bank has sealed a EUR40 million loan agreement with Austria’s Eldrive Holding, controlled by Bulgarian investors, for the deployment of 8,472 EV charging stations in Bulgaria, Lithuania and Romania in the next three years.

Romania’s M&A market in 2023 recorded 241 deals, with a total estimated value of $7.1 billion, up 6.1% from the 2022 value, even as the number of mergers and acquisitions was 6.2% lower, reveals a EY Romania analysis.

Passenger traffic on Romania’s airports reached 25 million people in 2023, an increase of 17% on the previous year, data from the Romanian Airport Association (AAR) show.

Romania ranks 14th in the EU by the number of new passenger cars registered in 2023, with a volume of 144,611 units, up 11.8% from 2022, out of which 15.368 were full-electric vehicles and 44,217 were hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.

eMAG has appointed Mircea Tomescu to the position of Chief Marketing Officer for Romania, Hungary, and Bulgaria.

Romania’s new commissioned power plants included 496MW solar, 72MW wind and 56MW hydrocarbon, in 2023, totaling 624MW of installed power, new production capacities now available to the national energy system, according to the country's energy minister, Sebastian Burduja.

The representatives of Ukraine and Romania have started negotiations on signing a bilateral security commitments agreement.

Companies in Romania have over EUR5 billion available in the first half of this year under the form of non-reimbursable funding schemes due to be launched on the market, which can be used for investments in green energy, building materials production, food industry, agriculture and others, reveals an analysis by consulting firm REI.

Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut down the operations in the country on February 1, 2024.

KPMG, one of the world’s largest audit and consulting companies, sees Romania’s economy growing by 2.5% in 2024, while inflation should reach 6.9%. Its forecasts were included in the ‘Global Economic Outlook’ report, which in this year’s edition included a review of Romania, along 36 other countries from all continents, such as US, Switzerland, Brazil and Japan.

Romania, one of the NATO member states that feels the proximity of the Russian threat the most, has been actively helping Ukraine in addressing the emerging logistical issues.

2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically. The result is 3% higher than in 2022, in line with data provided by DRPCIV and Autovit.ro, the most powerful car sales platform in Romania.

Romania will assemble three electric and two full-hybrid cars as of this year, for the first time ever, considering rising demand for such vehicles.

New car registrations in Romania increased by 9.6% to 141,788 units in 2023, of which 45,280 were Dacia vehicles, 13% more on the year, in line with data from Romanian carmakers’ association ACAROM.

Data from the country's statistics board INS provided on December 21, 2023 show that Romania has high prices for the arable land.

EBRD announced on Monday that it is lending 80 million euros to Delgaz Grid, E.ON's electricity and gas distribution subsidiary in Romania.

CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased a new area of 13,000 square meters of production space within CTPark Deva II, in western Romania, to leading Chinese automotive component company KSHG Auto Harness.

Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-November, with a volume of 133,238 units, up 14% from the year-earlier period.

The major issues have arisen due to Poland’s border blockade, and Romania has helped Ukraine despite the difficulties caused by strikes.