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Romania had the second highest economic growth rate in the European Union in the fourth quarter of 2022, 5% compared with the year-earlier period, after Ireland (15.7%) and ahead of Cyprus (4.4%), data released by Eurostat, the statistical office of the European Union on Tuesday, (February 14) show.
Independent investment fund management company SAI Certinvest has appointed Adrian Dudu investment director as of February 2023.
The revenue of the winemakers in Romania increased by more than 20% in 2021 compared with 2020, reaching its highest level ever, almost RON2.1 billion, a KeysFin report says.
The Central Counterparty (CCP), through which the derivatives market of the Bucharest Stock Exchange (BVB) is being relaunched, could be operational in the last three months of 2023, CEO Adrian Tanase says in a press release.
Pluridio, a local fintech that develops software solutions and customized products for bank treasuries, has recruited Ovidiu Kislaposi as Chief Product Officer, a position from which he will develop and implement product strategies, as well as new technology products to complement the current offering.
Romania’s industrial production slumped by 1.8% in 2022 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-9.4%), mining industry (-2.8%) and processing industry (-0.4%), data from the country’s statistics board INS showed on Tuesday, February 13, 2023.
Romania's gross domestic product (GDP) grew by 4.6% in gross series in the fourth quarter of 2022, while at the level of the entire year GDP rose by 4.8%, in line with data published by the country’s statistics board INS on Tuesday (February 14).
Consumer price growth slightly slowed down in January, from the last months of 2022, with the annual inflation rate declining to 15.1%, from 16.4% in December 2022 and 16.8% in November, data from the country's statistics board INS showed on Tuesday (Jan 14).
Hidroelectrica, Romania’s largest energy producer, which also has the lowest production cost, has reached an 8.75% share of the energy supply market, in line with data provided by the energy market watchdog ANRE for the first 10 months of 2022.
Adinish, one of the best-known local businesses focused on the sale of children’s items, plans to expand this year by opening stores in Timisoara and Iasi.
Sipex, a major building materials wholesaler in Romania, with 12 warehouses locally, wants to add two new distribution centers in the coming period, in Constanta and Mogosoaia.
Transavia, Romania's largest chicken producer owned by Romanian entrepreneur Ioan Popa, has hired Rothschild investment bank to probe the market for potential interest in acquiring the company, sources on the advisory market say.
Agricover Group, one of the leading players in agribusiness, has appointed Bogdan Dimcea, an executive with more than two decades of commercial and operational experience, CEO of Agricover Distribution, an input wholesaler who has 8,300 farmers as customers.
Philip Morris International has appointed Mircea Scaunasu as managing director for Romania, replacing Daniel Cuevas, who had led the company for the past two years and was appointed managing director of Philip Morris Italia.
Romania's Finance Ministry raised RON365 million on Monday (February 13) selling bonds maturing in October 2030, at annual an average yield of 7.62%.
Romania's current account balance posted a deficit of EUR26.57 billion or 8.9% of GDP in 2022, higher by almost EUR17.47 billion than in 2021, central bank data showed on Monday (February 13, 2023).
Bittnet Systems (ticker symbol BNET), an IT&C solutions integrator and IT training services provider, announced that the combined revenue of all group companies reached RON268.7 million last year, an increase of 25% on 2021, according to its unaudited preliminary financial report.
Romania’s economy is expected to grow by 2.5% in 2023, the European Commission said in its winter economic forecast published on Monday, higher than the fall forecast of only 1.8%.
Kaufland, one of the biggest actors in modern retail in Romania, is among the top exporters of food in 11 categories, to be precise, according to data from the National Statistics Institute (INS) analyzed by ZF. Thus, the retailer is present in the ranking of exporters of vegetable preparations, fruit, milk and dairy products, fish and shellfish or coffee and tea, the source said.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continues downward trend, slipping to 7.09% on Monday, February 13, from 7.11% on Friday, in line with NBR data.19015 items