Romania | News

The pandemic has not slowed down the constructions works Italy’s Astaldi group is carrying out in Romania, shows the latest financial report published by the company.

The number of housing units delivered annually in each county of Romania and the spectacular growth seen by some counties, such as Brasov (a 139% increase in 2020 against 2010), Sibiu (101% growth) or Timis (223% increase) are pointing both to the degree of housing, economic and social development, and to people’s housing appetite.

Donalam stakeholder AFV Beltrame Group, a major European producer of steel bars and other special steels, has announced a EUR200 million investment in a reinforcing steel and wire rod production unit in Romania.

Romania’s banking system reached a profit of RON3.732 billion at the end of the first five months of 2021, according to a presentation released by Cristian Popa, member of the Board of Directors of Romania’s central bank.

Danish-held furniture and home décor products retailer JYSK continues expansion in Romania by opening new stores, in Timisoara and Rosiorii de Vede, Teleorman, for a total of 106 in the country.

The price of bread in Romania is almost half the European average, more exactly at 56%, in line with Eurostat data.

NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, has resumed expansion in Romania in Bucharest and in Craiova.

CTP, the largest owner of logistics centers in Romania, accelerates its investment plan on the Romanian market and seeks to overshoot the threshold of 2 million square meters until the end of 2021.

The vast majority (85%) of Chief Executive Officers (CEOs) in Romania plan to increase investment in digital transformation in the next three years, according to the CEO Survey 2021 conducted by PwC Romania.

Almost $340 million worth of ‘Made in Romania’ shoes reached Italy in 2020, 25% less than in 2019, ZF has calculated from World Footwear data, a company that analyzes the industry of the world and of each country every year.

Poland’s SMYK All for Kids has 23 offline stores in Romania and will open two more by yearend. The retailer will also launch online operations in Romania. The expansion pace will increase in the next few years and the aim is to double the network that sells products for kids.

Romania’s current account balance posted a EUR7.04 billion deficit in the first half, an increase of almost 74% on the EUR4.05 billion in January-June 2020, Romania’s central bank data published in Friday show.

Romania’s external debt increased by EUR2.09 billion to EUR128.02 billion in the first half, of which the external direct public debt accounted for EUR57.7 billion, an increase of EUR400 million on the end of last year, Romania’s central bank data published on Friday show.

Romania’s industrial production increased by 16% as gross series in the first half, because of rises in manufacturing (+17.8%) and the electricity, gas, steam and air conditioning supply (+12.9%), National Statistics Institute (INS) data show.

Scandinavian furniture and home décor retailer JYSK is expanding further in Romania by opening a new store, in Vaslui, thus getting to a domestic network of 104 units.

Romania’s mergers and acquisitions market saw a significant rebound in the first half, with a total of 69 transactions, reflecting an increase of 19% on the year-ago period, an EY study shows.

Romania’s annual inflation rate sped up in July to 5%, while from June 2021 consumer prices were up 1.0%, in line with data from the country’s statistics board.

Romania’s grain production could reach 34.16 million tons in the 2021 farming year, four times higher than in 2007, when the country joined the EU, says Cezar Gheorghe, founder of agribusiness service provider Casa de Trading a Fermierilor (Farmers’ Trading House) and grain trade expert and consultant of Clubul Fermierilor Romani farmer association.

Romania’s trade balance posted a deficit of EUR10.6 billion in January-June 2021, higher by EUR1.97 billion compared with the same period of 2020, data from the country’s statistics board (INS) show.

The world’s 20 top brands in 2020 are jointly valued at $1,575 billion, in line with an Interbrand consultancy ranking. All these brands are in one way or another present in Romania.