Romania Feed

The Romanian National Commission for Nuclear Activities Control (CNCAN) has approved the Licensing Basis Document (LBD) for the NuScale small modular reactor (SMR) powerplant in Doicesti.

Romania ranks third in Central and Eastern Europe (CEE) and 12th at European level by online sales of goods and services, with a share of 3.17% in the gross domestic product (GDP), in line with data from the latest European E-commerce Report 2023, as cited by the Romanian online store association ARMO.

Delivery platform Tazz seeks to boost the number of its app downloads to 3.4 million in the coming year, amid development plans.

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was named Romania Tax Disputes Firm of the Year at the 2023 edition of ITR EMEA Tax Awards organized by the publication International Tax Review.

German group Stada, which is building in Turda, Cluj county, a drug plant set to produce 130 million drug boxes annually, is likely to open the new production unit next May.

Sales of merchants present on the online commerce platform eMAG Marketplace grew by 14% in the first eight months of 2023, compared to the same period of 2022, according to representatives of eMAG, one of the leading players on the online retail market in the region, which also has a strong foothold in Hungary and Bulgaria.

Romanian ice cream producer Ice Dyp Balas from Timis County, controlled by Vasile and Maria Balas, ended 2022 with a turnover of RON62.3 million (EUR12.6 million), up 23% from over RON50.6 million (EUR10.3 million), as per calculations by Ziarul Financiar (ZF) based on finance ministry data.

Cluj-based dairy producer Bonas Import Export (BONA.RO) ended the first half of 2023 with revenue of RON15.2 million, up nearly 35% year-over-year, the company said in its half-year financial report.

Cluj-based dairy producer Bonas Import Export (BONA.RO) ended the first half of 2023 with revenue of RON15.2 million, up nearly 35% year-over-year, the company said in its half-year financial report.

Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) on Sept 27 signed a financing contract with the energy ministry, through the National Recovery and Resilience Plan (NRRP - Component 6. Energy), in order to develop the project "Construction of Photovoltaic (PV) Park with Power Plant, Post Transformer Building, Access Road, Guard Cabin and Utilities" in Adjud (Vrancea County), it said in a stock market report.

OVES Enterprise, a Romanian software development company from Cluj-Napoca, is diversifying its business lines and announces investments of over EUR500,000 in the production of drones, according to company representatives.

CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 4th place in the ranking of the largest banks in Romania by assets at the end of the first half of 2023, from 6th place at the end of 2022, overtaking ING Bank and Raiffeisen Bank.

Italian luxury fashion group Moncler has invested EUR10 million in expanding production in Bacau and in a kindergarten for employees' children, completing the project a year after the start of construction.

Romanian startup firm MEDIjobs, which developed an online recruitment platform in the medical field, plans to attract an investment worth EUR650,000 through SeedBlink, the financing and equity management platform for European tech startups, according to an announcement made by SeedBlink representatives.

Taxing incomes over a gross RON10,000, a measure expected to be implemented this autumn, puts pressure on recruitment and may prompt employers to lean towards younger candidates who fall within the non-taxable salary limit, according to an analysis by recruitment platform Bestjobs.

Zarea, one of the most important players on the alcoholic beverages market in Romania, posted RON167.7 million (EUR34 million) revenue in 2022, up 14.8% compared with the previous year’s over RON146 million (EUR29.7 million), according to calculations made by ZF based on Finance Ministry data.

ING Bank, the local subsidiary of Dutch ING Group, reported a net profit of RON750 million for the first half of 2023, up 29% on the year, and revenue of RON1.63 billion, up 15% compared to the six months of 2022.

Nokian Tyres, one of the major players on the global tyre market, has appointed Susanna Tusa to the position of General Manager and Vice-President of the local operations, allowing her to also coordinate the project of the factory in Oradea (western Romania).

Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) announced in a stock market report on Thursday (Sept 28) the conclusion of a new transaction with E.ON Energie Romania, a company part of Germany’s E.ON Group.

Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Thomas Bosment as Country Head of its Consumer Healthcare (CHC) business unit.