Romania Feed

Romanian-held furniture manufacturer Aramis has seen unexpected sales growth during the pandemic starting July, which led to an increase in the number of employees by 500.

Car production in Romania reached 404,699 units in January-November 2020, 10.52% fewer than 452,272 units in the same period in 2019, data from Romania’s carmakers association ACAROM showed Friday.

Bulgaria and Serbia are the only countries from which Romania imported more furniture in January-July 2020 compared with the year-ago period, data from Romania’s association of furniture manufacturers APMR show.

Romania's finance ministry on Thursday raised 781 million lei (EUR99.2 million), versus RON600 planned, selling bonds maturing in June 2026 at an average yield of 2.96%, central bank data showed.

Romania's finance ministry on Thursday raised a planned 500 million lei (EUR102.6 million) selling one-year maturity treasury bills at an average yield of 2.37%, central bank data showed.

Foreign investors in Romania report negative sentiment regarding the COVID impact on business, with 68.2% of the respondents estimating a moderate decrease and 13.6% a rather significant decrease, according to the September FIC Business Sentiment Index.

FAN Courier, the leading courier services company in Romania, expects to end the year with a turnover of EUR205 million – close to the RON1 billion mark – 22% higher compared with 2019 as the pandemic boosted demand for delivery services.

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, said Thursday it has opened a new KFC restaurant in Miercurea Ciuc.

Real estate developer HAGAG Development Europe, part of Hagag Group of Israel, on Thursday said it started construction works on its H Eliade 9 Residence luxury residential project located in the Primaverii area in capital city Bucharest.

Real estate investors and office building tenants have kept in 2020 the trend of gradually expanding outside of capital city Bucharest too, with stocks in the four main regional cities currently reaching a little over one million square meters, respectively, a little over one third of the stock in Bucharest, per data from real estate consulting firm JLL.

Fashion retailer Marc O’Polo, with over 2,000 points of sale in 37 countries, opens its fourth mono-brand store in Romania in the AFI Palace Cotroceni shopping center in Bucharest, a transaction brokered by Cushman & Wakefield Echinox.

E.ON Energie Romania, one of the largest utility suppliers on the local market, has completed a project for the installation of 19 electric car charging stations in the country with the latest station in the parking lot of a Penny supermarket in Lugoj, Timis county.

Real estate developer Impact Developer & Contractor (IMP.RO) said it had sold almost entirely the stock of apartments built within the first three development phases of the Greenfield Baneasa compound in capital Bucharest, and that it would continue expansion works on the project.

The Board of Directors of real estate developer Impact Developer&Contractor (IMP.RO) has approved the document for the presentation of the issue of corporate bonds, registered, dematerialized, non-convertible and unsecured, with maturity 2026, issued by the company.

Real estate developer Practic Bucuresti (PRBU.RO) seeks shareholders’ approval for the distribution of dividends in the amount of RON11.4 million, from the net profit of 2019.

Net investments in the Romanian economy grew 0.7% in January-September 2020 compared with the same period last year, to RON68.8 billion, data from the country's statistics board showed Thursday.

Private healthcare operator Gral Medical, the fifth largest on its market by sales, posted more than EUR33 million revenue in the first ten months of the year and expects to end the year with EUR40 million sales, the company said.

Romania's trade balance posted a deficit of EUR14.85 billion in January-October 2020, EUR827.5 million higher compared with the same period in 2019, data from the country's statistics board showed Thursday.

UK online fashion giant Asos works with 191 plants in Europe, one third of which in Romania.

Computer and electronics retailer Flanco has budgeted growth for next year, after 2020 has been a good year for its industry, since Romanian consumers spent more time at home and bought products to make their life easier.