Romania | News

Germany’s Kärcher, which owns two local vacuum cleaner plants in Romania in Curtea de Arges, is investing EUR20 million in the development of local production.

A total 15,329 housing units were put into use in Romania in the first quarter of 2023, 578 fewer units than in the same period of 2022, data from the country’s statistics board INS showed on Monday (June 12).

Net investments in Romania’s economy totaled RON30 billion in the first quarter of 2023, up 13.6% versus the same period of 2022, with more than half being represented by new construction works, data from the country’s statistics board INS showed on Monday (June 12).

HP Inc. Romania, the local subsidiary of the US computer and printer supplier and IT services provider of the same name, for 2022 reported turnover worth RON536.8 million (EUR108.8 million), up 29% from 2021.

BSH Electrocasnice part of Bosch group in 2022 registered RON470 million turnover in Romania, more than 14% higher than in 2021. Profit also went up, by 40%, to RON25.2 million.

Tesla Motors Romania, the company Tesla uses to sell cars in Romania, posted almost RON267 million (EUR53 million) sales in 2022, Finance Ministry data show. Last year was Tesla’s first full year in business in Romania.

IKEA Romania, one of the largest furniture and home décor retailers, part of Swedish IKEA Group, has opened on Thursday (June 8) its third store in Romania, in the locality of Dumbravita, near Timisoara (western Romania).

Danish roof window manufacturer Velux in 2022 generated RON73 million turnover in Romania, 16% higher than in 2021. The RON685,000 profit was however smaller than the over RON900,000 level reached in the previous year.

New car registrations in Romania increased by 27% on the year to a total 60,472 units in January-May 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (June 6).

US-held Adobe, one of the largest software businesses in the world, mainly known for its photo and video editing applications (Photoshop, Lightroom and Premiere Pro), posted growth in revenue in Romania in 2022.

China’s Huawei saw growth in Romania in 2022 despite the restrictions it is facing on the 5G technology segment and the decline of the smartphone business due to being denied access to hardware and software from US companies, the company’s filing with the Finance Ministry shows.

A survey conducted by Impact Hub and Bravva Angels for ING Bank Romania shows that one in four companies in Romania is 100% owned by women.

Germany’s Bosch ended fiscal 2022 with consolidated sales of RON2.5 billion (EUR512 million) in Romania, an increase of 4% on 2021, while investments made last year stood at RON410 million (some EUR83 million), going mainly to the development of the production facilities in Cluj and Blaj, as well as to the Bosch engineering center in Cluj.

A Memorandum of Understanding on the continuation of natural gas and electricity network interconnection projects between Romania and Moldova was signed by the respective governments.

Romania continues to rank 14th in the European Union by the number of new passenger cars registered in January-April 2023, with 46,831 units, 25% more than in the same period of 2022, data from the European Automobile Manufacturers Association (ACEA) showed on Wednesday (May 17).

The number of companies with foreign capital newly established in Romania grew by 10.3% in the first three months of 2023 compared to the same period of 2022, to 1,809 units, as per data from Romania's Trade Register Office.

French-held building materials manufacturer Saint-Gobain and ENGIE Romania have started the construction of the largest on-site photovoltaic park in Romania.

Alstom, one of the largest actors in the transportation technology sector in the world, has 110 positions open for Romania at the moment, its career website shows. Alstom makes a complex range of transportation technologies from high-speed trains, subways or streetcars to turn-key transportation infrastructure systems or electric mobility solutions.

Private equity firm BlackPeak Capital has appointed Virgil Chitu, a banker with more than ten years of experience, head of its Romanian operations and announced an up to EUR40 million investment plan to support small and medium-sized businesses in Romania.

Swedish furniture and home décor retailer IKEA will be opening its third store in Romania, in western city of Timisoara, on June 8, 2023.