The overall turnover of Romania’s 20 largest agricultural cooperatives in 2022 reached RON1.82 billion, 30% higher than in 2021, in line with ZF calculations based on data provided by BRIDGE-to-INFORMATION, a data analysis platform.
Kuwait’s Alshaya group in 2022 generated turnover worth RON57 million in Romania from fashion and cosmetics, given that it operates Victoria’s Secret and Bath & Body Works franchises locally.
Germany’s Rewe Group, one of the most powerful retailers in Europe, which owns discount store chain Penny Market in Romania, is aiming for EUR2 billion sales a year on this market soon, CEO Lionel Souque says.
The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to 58,929 units, in line with data provided by the country’s carmakers association ACAROM.
Nespresso, part of Swiss giant Nestle, will in 2023 reach a ten-store network in Romania, said Ana-Maria Doxan, business executive officer at Nespresso Romania.
A total 32,077 housing units were put into use in Romania in the first half of 2023, 494 fewer units than in the same period of 2022, data from the country’s statistics board INS showed on Monday (September 11).
Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data, data from the country's statistics board INS showed on Thursday (Sept 7).
Polish fashion retailer Modivo has opened its second store in Romania and in capital city Bucharest, which covers an area of 400 square meters and is located in the AFI Cotroceni shopping mall.
E.ON Group carried out investments of RON654 million (some EUR133 million) in Romania in 2022, which targeted the expansion and modernization of natural gas and electricity networks in order to meet the needs of the energy transition, to boost networks' capacity to connect new sources of renewable sources, as well as to stimulate the digitalization of services, as per the annual sustainability report.
Spain’s Inditex Group, which owns some of the best-known fashion brands in the world, among which Zara, confirms the opening of the first Lefties store in Romania. ZF has recently reported that the only brand of the group that was not yet present in the country will arrive in 2023.
Raffaello Shoes Factory, Romania’s largest footwear producer, owned by Italy’s Grisport, in 2022 generated turnover worth RON403.7 million (EUR81.8 million), up around 16% from 2021.
Austria’s brick manufacturer Wienerberger, which has seven plants in Romania, posted local sales worth EUR46.6 million in the first half of 2023, down 25% from the year-earlier period.
Healthcare network Auxologico of Italy, which entered the Romanian market directly via a takeover, plans to strengthen its foothold in Romania, but also possibly expand via an acquisition or a greenfield investment, depending on market opportunities.
Photon Energy has announced that Photon Energy Engineering Romania, the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected two solar photovoltaic (PV) power plants in Romania.
Simona Filip, running LPP Romania operations from the position of country manager, says Polish fashion retailer LPP is expanding irrespective of the economic context. The company has a EUR35-40 million investment budget for Romania in 2023.
Furniture and home products retailer JYSK, is expanding further in Romania and is set to open a new store in Calafat city, Dolj county, thus hitting a 135-unit network locally.
Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022.
Startup Cyscale, a Cluj-based software developer of data protection solutions and applications in the cloud, in 2022 posted turnover worth RON2.3 million in Romania, against zero turnover in the previous year.