Romanian authorities issued 43,660 residential building permits in 2022, 14.9% fewer than in 2021, as per data from the country’s statistics board INS.
Polish-held online retailer Answear, which has a presence in Romania since 2015, aims to increase local sales by 20% this year compared with 2022, when its biggest growth, 40% was recorded in the second half.
Romanian medtech startup SanoPass integrates into the platform it manages a solution through which more than 50,000 users of medical and fitness services will have real-time access to all group activities across more than 180 fitness clubs that use the UPfit.cloud software.
Corporate bureaucracy and the longer duration of the internal recruitment process cause candidates to change their minds upon receiving the first job offer (44% in 2022 compared to 42% in 2021) and this situation occurs particularly at candidates under the age of 40, according to an Arthur Hunt Romania study.
With over 2.7 million working-age people in Romania expected to exit the workforce by 2050, and 91 million in the whole Europe, according to UN Word Population Prospects, the effects of labor shortage are already felt across the continent.
Global ESG Monitor – GEM, world leader in analyzing how clearly big companies communicate their ESG (Environment, Social & Governance) reporting reveals that Romanian corporations significantly trail their global peers when it comes to the reporting of non-financial ESG data.
Medisprof Cancer Center, a company founded by doctor Carolina Udrea, which owns a hospital in Cluj Napoca providing services to cancer patients, will start building its second oncologic hospital in 2024.
AROBS Transilvania Software, a Romanian IT company controlled by Cluj entrepreneur Voicu Oprean, has acquired the majority stake, of 94%, in Syderal Polska, a software producer of Gdansk, with EUR1 million turnover in 2022.
Amid soaring prices, especially at filling stations, OMV Petrom, the biggest company listed on the Bucharest Stock Exchange, boasted record high financial results in 2022.
ROCA Industry, the building materials holding part of Impetum group, wants to continue expanding through acquisitions in 2023 after having reached four companies in its portfolio and 1,000 employees, double the 2021 level, last year.
Industrial material manufacturer Comelf Bistrita (CMF.RO) has notified the Bucharest Stock Exchange that SIF Banat-Crisana (SIF1.RO) is no longer a shareholder in the company as of the end of January.
The Bacau-based door and window trim manufacturer Barrier, owned by Adrian Garmacea, completed investments with a total value of EUR15 million in 2022, and has set other development plans for 2023.
Approximately 500,000 square meters of office spaces are unoccupied in capital city Bucharest, reflecting a vacancy rate of 15.2%, and the highest availability is reported in the Pipera North, Center-West and Floreasca – Barbu Vacarescu submarkets, as per data from real estate consulting firm Cushman & Wakefield Echinox.
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.
Libra Internet Bank, a member of U.S. investment group New Century Holdings, is opening a subsidiary in Pipera, one of the most dynamic development areas in capital city Bucharest, reaching a 55-unit network across Romania.
Romanian tech startup Kubeark, an open and infrastructure-agnostic platform aiming to support enterprises fix their scalability, delivery and lifecycle management challenges, raised $2.8 million in a pre-seed funding round, company representatives said in a statement.
Romania's foreign exchange reserves stood at EUR50.2 billion on January 31, 2023, higher by EUR3.56 billion versus December 2022, central bank data showed Wednesday (Feb 1).
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.