Romania | News

Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) will collaborate with Laurentis Energy Partners (LEP), a subsidiary of Ontario Power Generation (OPG), on the production of life-saving medical isotopes at the Cernavoda Nuclear Power Plant (NPP) and explore the possibility of heavy water production in Romania.

CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 4th place in the ranking of the largest banks in Romania by assets at the end of the first half of 2023, from 6th place at the end of 2022, overtaking ING Bank and Raiffeisen Bank.

Local startup Youni, which develops the platform of the same name for pupils who want to study at universities abroad, will open its second education hub of Romania, in Craiova.

Sporting goods retailer Sportisimo, present in Romania since 2015, plans to continue expanding on the Romanian market, which it deems as one of the most important for the group.

The overall turnover of Romania’s 20 largest agricultural cooperatives in 2022 reached RON1.82 billion, 30% higher than in 2021, in line with ZF calculations based on data provided by BRIDGE-to-INFORMATION, a data analysis platform.

Kuwait’s Alshaya group in 2022 generated turnover worth RON57 million in Romania from fashion and cosmetics, given that it operates Victoria’s Secret and Bath & Body Works franchises locally.

Germany’s Rewe Group, one of the most powerful retailers in Europe, which owns discount store chain Penny Market in Romania, is aiming for EUR2 billion sales a year on this market soon, CEO Lionel Souque says.

The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to 58,929 units, in line with data provided by the country’s carmakers association ACAROM.

Nespresso, part of Swiss giant Nestle, will in 2023 reach a ten-store network in Romania, said Ana-Maria Doxan, business executive officer at Nespresso Romania.

A total 32,077 housing units were put into use in Romania in the first half of 2023, 494 fewer units than in the same period of 2022, data from the country’s statistics board INS showed on Monday (September 11).

Mogotel group, a Latvia-based international hotel operator, wants to enter Romania market and plans to open 20 hotels in Bucharest and countrywide.

Romania's Ministry of Foreign Affairs has urgently summoned Elena Kopnina, the minister counsellor of the Russian Embassy in Bucharest, to express a protest over a fall of drone fragments on the territory of Romania.  

Romania is stepping up measures to protect civilians in border settlements on the Danube due to Russia's shelling of Ukrainian ports.

Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data, data from the country's statistics board INS showed on Thursday (Sept 7).

Polish fashion retailer Modivo has opened its second store in Romania and in capital city Bucharest, which covers an area of 400 square meters and is located in the AFI Cotroceni shopping mall.

E.ON Group carried out investments of RON654 million (some EUR133 million) in Romania in 2022, which targeted the expansion and modernization of natural gas and electricity networks in order to meet the needs of the energy transition, to boost networks' capacity to connect new sources of renewable sources, as well as to stimulate the digitalization of services, as per the annual sustainability report.

Spain’s Inditex Group, which owns some of the best-known fashion brands in the world, among which Zara, confirms the opening of the first Lefties store in Romania. ZF has recently reported that the only brand of the group that was not yet present in the country will arrive in 2023.

President of Romania Klaus Iohannis insists that no Russian drones or their parts reached the territory of Romania on the night of September 4, 2023.

E-Distribution and Romanian Energy Ministry have signed two non-refundable contracts for the restoration of distribution networks in southeastern Romania, financed predominantly through the EU's Modernisation Fund.

Ukraine has the photo evidence of the Shahed-type drones crashing on the territory of Romania during Russia’s overnight attack against Ukraine on the night of September 4, 2023.