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2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically. The result is 3% higher than in 2022, in line with data provided by DRPCIV and Autovit.ro, the most powerful car sales platform in Romania.
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, expects the local market to temper its growth in 2024 or even to fall slightly compared with 2023, due to price increases for both utilities and raw materials, which implicitly boosted shelf prices for any product.
Banca Comerciala Romana, Swiss Capital and BT Capital Partners, the three most active stockbrokers on the Bucharest Stock Exchange last year, brokered RON33.9 billion transactions and accounted for 68.4% of the market.
Romania will assemble three electric and two full-hybrid cars as of this year, for the first time ever, considering rising demand for such vehicles.
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, currently has 49 jobs available at its plant in Ghimbav (Brasov County), according to the County Employment Agency in Brasov (central Romania).
Polish software group Symfonia announced on Tuesday (Jan. 9) that it has fully acquired Romanian software company Softeh Plus, taking the first step of its international development plan.
CITR, as the judicial liquidator of Coroana de Aur Hotel, sold the hotel for EUR3.48 million + VAT, to the Moldovan brothers, the owners of the Jelna Winery.
Poland's LPP Group, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, has opened in Romania its first foreign distribution center and the second warehouse managed on the local market, within CTPark Bucharest West, in the commune of Bolintin-Deal.
Romania’s unemployment rate remained unchanged at 5.4% in November 2023 compared to October 2023, data from the country’s statistics institute INS show on Tuesday (January 9, 2024).
Romanian authorities issued 2,700 residential building permits in November 2023, 10.1% fewer than in October 2023 and 15.1% fewer than in November 2022, data from the country’s statistics board INS showed on Tuesday (Jan 9).
Romania's trade balance posted a deficit of EUR25.5 billion in January-November 2023, lower by EUR5.45 billion (-17.6%) compared to January-November 2022 period, data from the country's statistics board INS showed on Tuesday (January 9).
UniCredit Bank Romania has granted a EUR39.3 million loan to Comcris Energy SRL, a subsidiary of Vienna-based renewable energy generation company Energy, with the funds being destined to the development and operation of the solar park of Sarmasag, Salaj county.
CEC Bank has granted a EUR8 million loan to Cerinvest Imobiliare SRL, the developer of shopping center Fashion House Outlet Pallady.
Law firm Filip & Company assisted Fondul Proprietatea in the sale of the minority stake it held in Engie Romania, in a deal worth above EUR86 million.
Farmland operator Holde Agri Invest has taken over another farm, in Braila county, which is set to become the company’s fifth development nucleus.
Nicoltana, the producer of Keia water brands, has taken over natural mineral water bottler Lipova and Lipova 1897 brand.
Prahova-based Feruccio Com, controlled by businessman Ninel-Aurelian Alexandru, one of the eight companies in the processing industry that have signed a state aid contract, will build a precast concrete product plant in Aricestii Rahtivani, near Ploiesti, Prahova county, in an investment put at RON109 million (EUR26 million).
The local hotel market will ad seven new hotels under international brands this year, with around 650 rooms overall.
Romanian state-run aircraft maker Avioane Craiova (AVIO.RO) has called shareholders to decide on extending by six months the contracting of a credit facility under the form of a bank guarantee letter for refunding the advance payment of October 30, 2020, in the amount of RON51.8 million and valid until Jan. 5, 2024, as per a stock market report released on Jan.8.
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (January 8), selling government paper in two auctions, at annual average yields of 6.5% and 6.03%, respectively.19501 items