Romania | News

Kaufland, one of the biggest actors in modern retail in Romania, is among the top exporters of food in 11 categories, to be precise, according to data from the National Statistics Institute (INS) analyzed by ZF. Thus, the retailer is present in the ranking of exporters of vegetable preparations, fruit, milk and dairy products, fish and shellfish or coffee and tea, the source said.

Romanian executive Mihai Cioltea (44), who was in charge with Inditex, Zara owner, expansion in Romania, Kazakhstan and Russia for eight years, has been recently appointed as development manager at NEOM, a real estate project of Saudi Arabia that envisages the construction of several smart cities in the desert.

Romania’s National Defence Ministry has provided details of an incident with the Russian missile that allegedly crossed into its airspace on Friday.

The Air Force of the Armed Forces of Ukraine had an opportunity to shoot down the Russian missiles that had crossed into the airspace of Romania and the Republic of Moldova but did not do so due to risks to the population of a foreign country.

Romania’s National Defence Ministry has declined to confirm that one of Russian missiles crossed into its airspace on Friday.

Yuri Ignat noted that this is not the first Russian provocation in the airspace of foreign states. The Air Force .....

German-held Hays Technology Solutions, specialized in tech solutions developments, has opened its second office in Romania: a research-development center in Timisoara, where it plans to hire over 70 IT specialists.

Moldova expects to receive gas from Azerbaijan through Romania thanks to an agreement signed by Azerbaijan’s State Oil Company SOCAR and the Romanian Romgaz S.A.,...

Romanian natural gas producer and supplier ROMGAZ (SNG.RO) and SOCAR TRADING, a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on February 3, 2023, in Baku, a new individual contract for gas deliveries from Azerbaijan to Romania.

Romania's Minister for the Environment, Water and Forests emphasised his country's demand for green technology investments during the 25th anniversary of the Foreign Investors Council in Romania.

Crazy Bubble, a business of Polish origins that owns 138 stores internationally, has reached 18 units in Romania, both owned and in franchise, and is set to focus on opening units in high-traffic areas.

Scandinavian furniture and home products retailer JYSK continues its expansion in Romania as it plans to open at least 15 new stores and to also refurbish at least 13 older units in 2023.

Low-cost airliner Wizz Air carried 8.5 million passengers from and to Romania in 2022 and half of them were carried from and to capital city Bucharest.

The shortage of skilled workers has been a problem affecting European manufacturers for several years, and estimates show that by 2050 the European labor market will lose 91 million employees, of which over 2.7 million in Romania.

Romania’s finance ministry will be launching new government bond issues for the general population only, on Friday (February 3, 2023), through the TEZAUR program.

The average value of properties transacted in Romania increased in 2022, reaching EUR25 million versus EUR17 million in 2021, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Romania’s airports reported a total 21 million passengers for 2022, 87.53% more than in 2021 and almost threefold more than in 2020, in line with data from the Romanian Airports Association, or AAR.

The EBRD provided EUR709 million of investments in 32 operations in Romania in 2022, as part of a record EUR13.1 billion at reported rates delivered across the Bank’s regions in 2022.

Private equity fund Innova Capital, one of the most dynamic financial investors in CEE, including Romania, is raising its seventh fund and wants to collect EUR350 million overall. At least 15-20% of this sum would be injected in companies of Romania, with the local market being the second most appealing for the fund, after Poland.

The mergers and acquisitions (M&A) market in Romania reached a record high in terms of value and number of transactions in 2022, as the total estimated market value for both disclosed and undisclosed value transactions reached approximately EUR6.5 billion-EUR7.5 billion, while disclosed value transactions amounted to EUR4.1 billion, according to an analysis by Deloitte Romania.