Romania | News

Perfumery brand Obsentum has opened its first store in northeastern Romania in Iasi, in the Palas shopping center, and has reached a network of nine niche perfumeries in the country.

French-held retailer Carrefour has expanded its convenience store chain in Romania in 2023, reaching 162 Express units following 22 store openings across nine towns and cities.

German supermarket chain REWE, one of the most powerful retailers in Europe, said on Monday (Dec 18) that it opened a new Penny store in Romania, its 363rd in the country.

Romania recorded an 86% increase in the number of FDI (foreign direct investment) projects in 2022, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.

Online fashion retailer Answear has managed to boost its Romania business by 20% this year, reaching over 400,000 clients locally, 10% more than in 2022.

Bulgaria, Romania and Türkiye plan to sign a trilateral agreement to combat mines in the Black Sea next month, with a signing ceremony scheduled for January 11.

German non-food discounter TEDi has opened a store in Piatra Neamt, within Galleria Mall, thus reaching a network of 32 units in Romania.

Israel-based company Nofar Energy has acquired the largest solar photovoltaic (PV) park in Romania, developed by Portland Trust in the locality of Corbii Mari (Dambovita County).

Net investments in Romania’s economy totaled RON118 billion in the first nine months of 2023, up 14.4% year-over-year, with new construction works accounting for 62.6% and purchases of machinery, including transport vehicles, for 29.3%, data from the country’s statistics board INS showed on Monday (December 11).

A total 17,916 housing units were put into use in Romania in the third quarter of 2023, 2,307 fewer units than in the same period of 2022, provisional data from the country’s statistics board INS showed on Monday (December 11).

Law firm PeliPartners has advised Mitiska REIM in the largest real estate deal of 2023, the sale of the 25 retail parks owned in Romania, by Britain’s LCP Group, part of M Core.

HCLTech, a leading global technology company, has announced the launch of its new Global Delivery Center (GDC) in Romania, in the eastern city of Iasi.

Raiffeisen Bank Romania and Raiffeisen Bank International granted a EUR60 million loan for the development of the largest photovoltaic park of Romania and Southeastern Europe, which became operational in 2023 in Ratesti, Arges county, equally held by Israel’s Econergy and Nofar Energy.

Footprints AI, a cutting-edge retail media platform that provides retailers with valuable insights into consumer shopping habits, has partnered up with Danubius, the main supplier of Datecs cash registers in Romania, and is launching the Retail Media network with the largest geographical coverage in Romania and thus provides SMEs, for the first time, with access to Footprints AI technology, according to representatives of the two companies.

Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most active real estate developers on the Bucharest residential market.

JYSK, the Scandinavian furniture and home products retailer, generated a turnover of RON1 billion in Romania, in the 2022-2023 financial year, up 19% from the previous one, as per data released by the company on Monday (Dec 4, 2023).

Romania's Ministry of Energy announced on Monday that it has signed a memorandum of understanding with American Bio-Carbon Delaware for the adoption of biofuels in southwestern Romania. 

The number of foreigners who will be able to come to work in Romania in 2024 is likely to reach 140,000, up 40% from the threshold admitted for this year, namely 100,000.

Furniture and home product retailer JYSK continues expansion in Romania with the inauguration of a new store in Ramnicu Valcea on Thursday, November 30, for a total of 138 in the country.

Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.