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Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 12.3% in unadjusted data and by 7.1% when adjusted for seasonality and number of working days, in February 2024 compared to February 2023, data from the country’s statistics institute INS showed on Wednesday (March 6).
Romania’s national power transmission company Transelectrica (TEL.RO) has completed an investment of roughly RON92 million for the consolidation of energy security in the region of Dobrogea, the development of the electric transmission network and the national energy system, by building two new 400 kV double-circuit connections, with a total length of 55 kilometers , in the Medgidia Sud 400 kV Electric Substation.
Investment fund GapMinder II has led a EUR2 million funding round in Genezio, a startup co-founded by Andrei Pitis, announced Dan Mihaescu, a founding partner at the fund.
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion.
The Romanian subsidiary of China’s telecom equipment maker ZTE for 2023 reported RON79.4 million turnover, up 40% from 2022, in line with Finance Ministry data.
Automotive wiring maker Leoni Wiring Systems Ro, part of German group Leoni, currently has 265 jobs available at Bistrita plant.
Gral Medical, a major player on Romania’s private healthcare market, in 2023 generated EUR60 million turnover and for 2024 forecasts EUR80 million.
Pastry maker Senneville based in Timisoara (western Romania), with a EUR3.7 million turnover in 2023, seeks to invest in a new factory, in the neighboring county of Hunedoara.
Romania's finance ministry will carry out a new issue of Fidelis government bonds for retail investors between April 8 and April 17, 2024.
Sofidel Romania, the producer of hygienic sanitary paper brands such as Onda, Volare and Regina, ended 2023 with a turnover of RON339.7 million (EUR68.7 million), down 2.8% from RON349.7 million (EUR70.9 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Prime Batteries, founded by entrepreneur Adrian Polec and included in the portfolio of European conglomerate InnoEnergy, and Monsson Group put into operation the largest capacity of electric energy storage in batteries in Romania.
Romania is one of the European Union Member States with the lowest house price increases, of 25%, between 2010 and 2023, half the European average, but rents surged 45% to 50% during the same period, data from Eurostat, the statistical office of the European Union, showed on Thursday (April 8).
BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania.
Porsche Romania has appointed Andreas Burgholzer as General Manager, joining Brent Valmar at the helm of the company starting March 2024.
Liberty Steel Group (“LIBERTY”) has appointed international sustainability leader Thomas Gangl as the Chief Executive Officer of its European business, and confirms Vienna as the location for its European headquarters.
Romania's Finance Ministry raised RON1.29 billion from banks on Thursday (April 4), selling government paper in two auctions, at annual average yields of 6.04% and 6.64%, respectively.
Romanian parcel delivery company Sameday is speeding up the expansion of the regional network of easyboxes and shop-in-shop-type parcel delivery and pick-up points by 3,500 new units, up to a total 8,500, and the investments planned to this end total roughly RON150 million.
Romania's central bank has decided at its Board meeting on Thursday (April 4, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's tenth consecutive rate freeze.
Kearney’s Global Business Policy Council has released its 2024 Foreign Direct Investment Confidence Index (FDICI), a survey of investor sentiment regarding future (three-year) FDI flows.
Salt Bank, the first Romanian wholly digital bank, a newly created entity in the wake of Idea Bank acquisition by Banca Transilvania, has launched its operations.19058 items