Romanian executives forecast rising activity in constructions and retail trade for June-August period, in parallel with higher prices in both fields, while headcount will be stable in industry, trade and services, in line with a survey by the country’s statistics board INS.
Medialine Romania, an international company specializing in providing complete and personalized IT solutions for medium-sized and large companies, present locally since 2002, saw turnover rise by almost 60% in 2023, to over EUR2.5 million.
Electronic parts and equipment manufacturer Zes Zollner Electronic, the local subsidiary of German concern Zollner Elektronic, for 2023 reported turnover worth RON3.086 billion (EUR624.1 million), up 18.3% from 2022.
Lagardere Travel Retail, part of French group Lagardere, with operations in travel retail and the hospitality industry, has won a large part of commercial spaces tendered by Otopeni airport, thus managing to enter with new brand on Romania’s largest terminal.
Italian entrepreneur Heiner Oberrauch, known locally for owing Villa Vinea winery of Mures county, is also a major player in Romania footwear production. Via Italian company Ober Alp S.P.A., he controls Droker SRL company of Sebes, Alba.
Alka Trading, one of the biggest players in the sweet and salty snacks market in Romania, is betting on increasing its business and its exports this year.
OMV Petrom (SNP.RO), the largest integrated power producer in SE Europe, has concluded a supply contract with Expur SA for the acquisition of fully refinable vegetable oil, the company said in a report to the Bucharest Stock Exchange.
Romania's Finance Ministry raised RON3.03 billion from banks on Thursday (June 27), selling government paper in two auctions at annual average yields of 6.10% and 6.68%.
Auchan Romania, one of the leading actors of the local grocery retail, is launching its own franchising program, providing Romanian entrepreneurs with the possibility to open a turnkey retail business under the Simply by Auchan brand.
ING Bank provided Digi Romania and Digi Communications, the parent company of the telecom operator, a EUR150 million funding for three years from the first use, which the group will put toward redeeming its EUR450 million bonds due in 2025.
Modern industrial and logistics space in Romania reached 7.1 million square meters in 2023, making the country the third biggest I&L market of the 13 largest economies in Central and Eastern Europe and developers have more than 500,000 square meters of modern space under construction, real estate consultant Colliers says in a report.
The European Bank for Reconstruction and Development (EBRD) has slightly cut its stake in Banca Transilvania, the largest bank in Romania, via the sale of 13.7 million shares in an accelerated bookbuild placement on the Bucharest Stock Exchange.
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, down from 5.73% in the previous survey.
The number of jobs employers put on the market in the first half of 2024 topped 150,000, of which almost 40,000 came from the part of retail companies, which continue to have the biggest personnel need in Romania.
Romania’s five largest grain farmers by turnover generated RON3.5 billion in 2023, 15% less than in 2022, and their total net profit dropped 2.5 times, in line with ZF calculations based on public data.
The four-star International Hotel in Sinaia, one of the largest in the mountain resort, with a capacity of 180 rooms, ended last year with RON41.5 million revenue, up 10% on the previous year, Finance Ministry data show.