Shipbuilder Santierul Naval Orsova has sealed a EUR2.6 million contract for the construction of a river ship for Gebr.DE JONGE Shipbuilding Services of the Netherlands.
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, currently has 50 jobs available at the plant of Nadab locality, located around 40 km from Arad county.
CloudCart, the professional eCommerce-as-a-service platform, has launched CloudIO, an innovative AI solution available to all 1600 customers – online merchants across seven countries, including Romania, where the company operates.
Made by Society, the former Vagabond Studio, one of the most powerful Romanian fashion brands by sales and size of the retail chain, plans to expand to Poland, after having opened stores in the UK and Bulgaria. Expansion in Poland will be done both directly and via franchisees.
Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended the first nine months of 2023 with a turnover of nearly RON820 million (EUR165.6 million), down 3.5% from a turnover of RON850 million (EUR172.4 million) reported in the same period of 2022, as per company data.
Spectral Mobila, a furniture manufacturer of Tutova (Vaslui County), has opened 11 new stores in 2023, a record number for the company, thus reaching 34 units across Romania, according to its manager, Dan Dodita.
The European Commission has approved EUR33.9 million from the European Union Solidarity Fund (EUSF) to support Romania in addressing the extensive damages caused by droughts and wildfires in 2022.
Romania’s Competition Council on Monday announced it was reviewing the deal whereby travel agency Christian Tour intends to take over AnimaWings Aviation, a company specializing in charter flights.
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (December 4) selling bonds with a nominal value of RON500 million due in 2027, at an annual average yield of 6.58%.
All seven mandatory private pension funds in Romania, known as Pillar II, the largest investors at the Bucharest Stock Exchange and the second largest buyer of bonds issued by the finance ministry, after the banking system, in October 2023 increased their ownership stakes in companies listed on the local capital market, in line with data aggregated by Ziarul Financiar (ZF) daily.
Romania's foreign exchange reserves stood at EUR58.89 billion at the end of November 2023, higher by EUR700 million than EUR58.18 billion at the end of October 2023, central bank data showed on Monday (December 4).
JYSK, the Scandinavian furniture and home products retailer, generated a turnover of RON1 billion in Romania, in the 2022-2023 financial year, up 19% from the previous one, as per data released by the company on Monday (Dec 4, 2023).
Romania’s unemployment rate stood at 5.4% in October 2023, the same as in September 2023, data from the country’s statistics institute INS show on Monday (Dec 4).
Groupe Atlantic, a French company in the HVAC field has opened its first plant of Romania in PWP Bucharest North industrial park of Aricestii Rahtivani, Prahova county, where it will start the production of heating equipment.
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services companies, for the Romania entity reported RON86.9 million turnover, up 62% on the year.
Beltrame, the Italian group that controls the Calarasi and Targoviste steel plants, has invested around EUR28 million in the two production units and investments will not stop here.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura, reported turnover worth around RON99.7 million (EUR20.2 million) in 2022, down 23% on the year, in line with ZF calculations based on Finance Ministry data.
Affidea Romania, the biggest player on the local medical imaging market, has expansion and consolidation plans for 2024, after having pursued an organic growth strategy this year.