Antrepreneur Adrian Badescu, owner of Medici’s clinics of Timispara, expects the hospital he’s building in the center of Timisoara to treat the first patients in mid-2023.
eMAG, the largest online retailer in Romania, has started construction of a more than 100,000-square-meter logistics center in Hungary, where it merged with Extreme Digital in 2019.
In the fourth quarter of 2021, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.
Romania's finance ministry on Thursday (March 10) raised RON817 million (EUR165.3 million), selling treasury bills and bonds maturing in April 2022 and July 2029, at annual average yields of 4.38% and 6.49%, respectively.
Romania’s Competition Council has started an inquiry into fuel price hikes, saying it is monitoring the fuel market and arguing that prices has increased too much unreasonably.
Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, on Thursday said it ended 2021 with a net profit of RON8.5 million, up over 20% from 2020, and a turnover of over RON121 million, up nearly 17% on the year.
The Romanian Government has approved a series of derogations from the immigration legislation in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa.
TEILOR, the chain of luxury jewelry stores present across the CEE region, has appointed Roxana Achim as Head of Design & Project Management, on a group level.
Promateris (PPLRO), a Romanian industrial group and leader in Central and Eastern Europe (CEE) region in producing biodegradable and compostable packaging, estimates for 2022 revenues of RON236.1 million (EUR47.7 million), EBITDA of RON36.2 million (EUR7.3 million) and a net profit of RON21.5 million (EUR4.3 million), in line with a stock market report.
Aquila (AQ.RO), the largest player on the consumer goods distribution market with over 26 years of experience, has been included in the main index BET and in BET-TR, the total return version of BET, the Bucharest Stock Exchange announced on Thursday.
Net investments in the Romanian economy grew 2.1% in 2021 compared with 2020, to RON120.148 billion, data from the country's statistics board showed Thursday.
Romania’s two carmakers, Automobile Dacia and Ford, in February 2022 produced 44,111 passenger cars, 12% more than in February 2021. Of these, 24,878 units were manufactured by Automobile Dacia and 19,233 units by Ford.
The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says Radu Burnete, executive manager of Concordia Employers’ Confederation representing the biggest companies in Romania.
China-held OPPO, one of the world’s biggest players on the smartphone market, has managed to reach a 10% share of Romania’s smartphone market at the end of 2021, namely in around one year and a half since officially entering the market, and wants to reach the third position on the market this year.
Mobexpert, a major player on Romania’s furniture market, with both production and retail activities, plans to open new stores, develop new products in its own plans and expand B2B services this year.
Romanian massage chair retailer Komoder plans to invest in 2022 to open showrooms in Malaga, Zurich, while readying the second showroom in London, explained Adrian Rus, founder of Komoder.
Antibiotice Iasi, the biggest local Romanian-held drug maker, targets RON1 billion turnover by 2030, in line with its multi-annual plan, with half of this sum due to be generated by exports.
Spectral Mobila, a furniture manufacturer in Barlad (eastern Romania) that also owns a network of stores under the same name, plans to reach 24 stores this year.
U.S. vice-president Kamala Harris will come to Romania on Friday (March 11) and will meet with Romanian President Klaus Iohannis at the presidential Cotroceni Palace in capital city Bucharest, according to the presidential administration.