Romania’s industrial production shrank by 11.1% in May 2024 against the same month of 2023, in unadjusted data, amid declines registered by production and supply of electricity, steam, gas and air conditioning (-12.1%), processing industry (-11.5%) and mining industry (-1.8%), data from the country’s statistics board INS showed on Friday, July 12, 2024.
The average net salary in Romania went down by 1.9% (RON99) in May 2024 compared to April 2024, to RON5,118, data from the country’s statistics board INS showed on Friday, July 12, 2024.
Arobs representatives will continue to grow the group via acquisitions, but also through organic expansion, Voicu Oprean, Arobs CEO, told ZF.
Viorica Cosmetic Romania, a cosmetics producer of the Republic of Moldova, with 12 own brand stores locally, ended 2023 with turnover of almost RON11 million, double the 2022 level. However, losses also doubled to almost RON5 million.
The retail sector continues to be appealing both to major investors, with investment funds willing to develop projects of hundreds of million euros, and for Romanian ones, who increasingly choose to develop retail schemes in secondary or tertiary cities.
Computer and electronics retailer Altex and furniture manufacturer and retailer Mobexpert are teaming up for a EUR16 million to EUR17 million project to be developed in the Pallady area in the east of Bucharest.