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Romania's beer market continued to decline in 2023 for the second consecutive year, reaching 15 million hectoliters, 5% fewer than in 2022, in line with data provided by the Romanian Brewers Association.
Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to more than RON4 billion.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6.3% in February 2024 compared to February 2023, considering that prices on the domestic market fell by 9% and prices on the non-domestic market rose by 1.4%, data from Romania’s National Statistics Institute INS showed on Tuesday (April 2, 2024).
Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance premiums accounted for RON15.2 billion and life insurance premiums for RON2.96 billion, the Financial Supervisory Authority says in its report on the performance of the insurance market in 2023.
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), has expanded its local management team.
The transition to circular economy slowed globally in 2023, as the vast majority of raw materials entering economies are still coming from virgin sources, while the share of secondary, reused materials has steadily decreased over the past five years, from 9.1% in 2018 to 7.2% in 2023, as per the “Circularity Gap 2024” study carried out by Deloitte and the Circle Economy Foundation.
The number of jobs employers have posted since the start of 2024 has reached 75,000, almost 10% fewer than in the same period of last year.
ProCredit Bank Romania has granted a EUR3.4 million funding to company group 3D Steel Design & Construct SRL and Hansarom Management & Consulting SRL, for the construction of two photovoltaic parks in Prahova county, with capacities of 5.6 MWp and 4.3 MWp, both equipped with a battery energy store system of 1 MW.
Romania companies earmark budgets ranging between EUR2,000 and 5,000 for automation and after noticing the benefits they tend to increase the investment to EUR10,000-50,000 in the first year.
Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended 2023 with turnover worth around RON1.2 billion (EUR242.6 million), up 5.7% from 2022, in line with ZF calculations based on company and Finance Ministry data.
Andreas STIHL Power Tools SRL, a subsidiary of Germany’s STIHL AG&Co, has started building a new EUR165 million production unit on an area of around 147,000 square meters in Eurobusiness I Industrial Park.
Low-cost airline Wizz Air will introduce a new route from Bucharest to Izmir, the third largest city in Turkey, and it will also reopen routes from Bucharest to Salzburg and to Budapest.
Romanian state-run port operator Oil Terminal (OIL.RO) has announced in a stock market report on April 1 the signing of two contracts for services provision and delivery for a period between April 1 and December 31, 2024.
Parmafood Group Distribution, the largest company of the Parmafood Group, ended 2023 with a turnover of RON237 million (nearly EUR47.5 million), up 14% from 2022, as per finance ministry data.
MedLife (M.RO), the largest private medical operator in Romania, has outlined its main directions for 2024 and wants to achieve a consolidated revenue target of more than RON2.6 billion, up 18% on 2023.
Approximately 65% of the furniture sold by Mobexpert, the main Romanian furniture manufacturer and retailer, is now produced in Romanian factories, compared with 50% before the pandemic, a time that brought with it a change in strategy for the company, Mobexpert CEO Adelina Badea told Ziarul Financiar in an interview.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) announced in a stock market report on Monday (April 1) that Nicolae-Paul Dumitrescu's mandate of general manager ended on March 31, 2024.
Ever since 2019, Romania has been in a complicated budgetary context and a balanced approach from the authorities is needed to ensure the assumed deficit for 2024.
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the Raiffeisen shareholders for the new Supervisory Board member.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its third regional center for DRS packaging collection, located within the VGP logistics park, in the county of Brasov.20633 items