Lidl companies in Romania (Lidl Discount SRL, Lidl Romania SCS, Lidl Romania SRL and Lidl Imobiliare Romania Management SCS) ended 2023 with a consolidated turnover of over RON22.4 billion, up 18% on the year, and net profit of nearly RON1 billion, close to 2022 level.
Romania has become the 15th largest market for Italian agri-food products worldwide, being outranked only by Poland and Greece, in Central and Eastern Europe (CEE).
Italian group Artsana, which manufactures children's textiles in Botosani under brands such as Chicco and Prenatal, is planning to close its factory in Romania, market sources told ZF.
The Dulcinella brand, originating in the Republic of Moldova and present in Romania since 2019, has opened four new pastry shops, in the cities of Bucharest, Iasi and Suceava, following a total investment of over EUR300,000.
Romania’s insurance market has grown a lot and more than doubled in the past decade, while its main segments have either performed the same or tripled or grown ten-fold, like the life insurance business did.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform.
MiniCRM Software SRL, the local subsidiary of Hungary's company of the same name, specializing in the provision of CRM (Customer Relationship Management) software solutions for small and medium-sized enterprises (SMEs), ended 2023 with a 35% increase in turnover, up to nearly EUR1 million (RON5.2 million), as per data provided by the representatives in Romania.
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of Cluj-Napoca.
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD) that will finance the construction and completion of the company’s portfolio of six photovoltaic parks, with a total 29 MWp capacity, in Romania.
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and non-performing loans in Romania sold by Piraeus Bank.
Growth investment fund AGISTA has supported Romania's largest medical recovery chain, Centrokinetic, in acquiring its eighth clinic - Socrates Clinic in Timisoara (western Romania).
The European Bank for Reconstruction and Development (EBRD) is lending over EUR46 million as part of a EUR93 million financing package to build and operate a 102 MW onshore wind farm in Romania.
New car registrations in Romania increased by 34.5% in April 2024 against the same month of 2023, up to 13,276 units, in line with data provided by Romanian carmakers’ association ACAROM and the General Directorate for Driving Licenses and Vehicles Registration (DGPCI) on May 7, 2024.
Polish retailer Martes Sport has reached around ten sporting equipment stores in Romania, betting on expansion in secondary cities such as Sovata, Husi or Rosiorii de Vede.
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced that it will close its factory in Ludus, Mures County.
Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, reached a turnover of RON531 million in Romania in 2023, up nearly 15% versus 2022, and thus maintained a growth pace similar to that in the previous financial year, in line with calculations by Ziarul Financiar (ZF) daily based on data available on the finance ministry website.
Supply on the real estate market in Romania continued to shrink in the first quarter of 2024, increasing only in Brasov of all regional centers, imobiliare.ro data show.