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German-owned discount store chain Penny, one of the most active retailers in Romania, continues its expansion plans by opening 13 new stores in December 2022, reaching a total 36 new units in 2022.
Romanian wine producer Crama Liliac, owned by amb Wine Company, expects a 17% increase in turnover in 2022 after selling 383,000 bottles of wine in the first eleven months of 2022, close to total sales of 2021 when its turnover reached EUR1.7 million.
The financing for tech startups in Romania reached EUR226 million in the first ten months of 2022, 36% more than in 2021, despite the high inflation and the macroeconomic situation, a report by SeedBlink and Horvath Consulting on the market trends, the main actors and the impact of the platform in Central and Eastern Europe shows.
One United Properties (ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, continues its investments in urban regeneration with a new acquisition: an unfinished, abandoned building in Bucharest's old town, which will be turned into a five-star lifestyle hotel – One Plaza Athénée.
The rampant inflation has affected Romanians’ budgets for holiday presents, as the amount allocated in 2022 is 40% lower than last year’s, according to the latest survey carried out by online recruitment platform BestJobs.
The increase in labor, real estate and energy costs places Romania eighth as the most attractive manufacturing markets in Europe, after the Czech Republic, Poland, Hungary or Portugal, according to the Manufacturing Risk Index 2022 survey conducted by real estate consulting firm Cushman & Wakefield.
Automobile Dacia delivered 10,000 Spring electric cars in Romania between October 13, 2021 and December 20, 2022.
Low-cost airline Wizz Air has announced an increase in frequency of flights on three routes operated from the Avram Iancu International Airport of Cluj to Brussels Charleroi, Milan Bergamo and Paris Beauvais.
Romanian cybersecurity company Safetech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, said in a stock market report on Tuesday (Dec 20) that it established a subsidiary in Abu Dhabi (the United Arab Emirates), which is called Safetech Cybersecurity Limited Cyber Risk Management Services LLC.
Romania recorded a 22% increase in the gross domestic product (GDP) per capita to EUR10,700 in the first nine months of 2022, the highest growth in the European Union, but keeps the second spot in terms of value, as per an analysis by lender Alpha Bank.
Automotive component manufacturer Lear Corporation Romania, the local subsidiary of US-held Lear Corporation, has 91 jobs available for its plant in Letcani industrial park near Iasi, the Iasi county employment agency (AJOFM) website shows.
The Romanian Government has approved a bill that provides, among others, the establishment of an agency tasked with monitoring and assessing the performance of public enterprises.
Nuclear power producer Nuclearelectrica (SNN.RO) informed its shareholders and investors that it placed with Banca Romaneasca a term deposit without extension in the amount of RON61.4 million, on December 19, 2022, in line with a stock market report.
Electricity distributor and supplier Electrica (EL.RO) announced in a stock market report on Tuesday (Dec 20) that it concluded two agreements for market making services with brokerage companies BRK Financial Group (BRK) and Wood & Company (Wood&Co) for a period of 2 years, starting with January 3, 2023, with the possibility of extension.
Romania’s National Defense Ministry via Compania Nationala Romtehnica has signed a framework agreement with Israel’s Elbit Systems Ltd for up to seven UAS Watchkeeper X systems worth a total of about RON1.891 billion, VAT not included.
Despite solid margin growth, more than half of the world’s banks continue to experience profitability problems and a return on equity that is below their cost of equity, as per the 12th edition of the McKinsey Global Annual Banking Review.
The Board of Directors of Romanian state-owned energy utility group Electrica (EL.RO) has extended the mandate of Cristian Bosoanca as Chairman of the Board starting January 1, 2023 until December 31, 2023.
Accenture's “Payments Gets Personal” report shows that up to $89 billion (4.6%) of global payment revenues could be at risk in the next three years for banks that are slow to offer next-generation payments options.
Romania’s insurance market reached a volume of underwritten gross premiums of RON12.1 billion in the first nine months of 2022, up 23% versus the year-ago period, the country’s Financial Supervisory Authority (ASF) said in its latest report on the evolution of the local insurance market.
FAN Courier, the leader of the local courier services market, has leased 5,000 square meters of storage and office space in the P3 Bucharest A1 logistics park where it plans to develop the main shipping hub in the west of capital city Bucharest, which will serve all FAN Courier customers in this part of the capital.19015 items