Raffaello Shoes Factory, Romania’s largest footwear producer, owned by Italy’s Grisport, in 2022 generated turnover worth RON403.7 million (EUR81.8 million), up around 16% from 2021.
Austria’s brick manufacturer Wienerberger, which has seven plants in Romania, posted local sales worth EUR46.6 million in the first half of 2023, down 25% from the year-earlier period.
Healthcare network Auxologico of Italy, which entered the Romanian market directly via a takeover, plans to strengthen its foothold in Romania, but also possibly expand via an acquisition or a greenfield investment, depending on market opportunities.
Polish retailer SMYK All For Kids is expanding its Romania network with a new store, in Alba Iulia, reaching a total number of 29 units locally.
Photon Energy has announced that Photon Energy Engineering Romania, the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected two solar photovoltaic (PV) power plants in Romania.
Simona Filip, running LPP Romania operations from the position of country manager, says Polish fashion retailer LPP is expanding irrespective of the economic context. The company has a EUR35-40 million investment budget for Romania in 2023.
Furniture and home products retailer JYSK, is expanding further in Romania and is set to open a new store in Calafat city, Dolj county, thus hitting a 135-unit network locally.
Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022.
Startup Cyscale, a Cluj-based software developer of data protection solutions and applications in the cloud, in 2022 posted turnover worth RON2.3 million in Romania, against zero turnover in the previous year.
Noriel, the main player on the Romanian toy and game retail market, held by Turkish Sunman Group, is opening a store in Botosani Shopping Center, reaching two units in Botosani and 91 units in Romania.
Software developer Cognyte will be developing a specialized team in Romania dedicated to Blockchain analytics.
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, estimates from the country's statistics board INS showed on Wednesday (August 16).
Belgium's industrial and logistics space developer WDP reported rental income of EUR35.1 million related to the 69 properties it owns in Romania.