IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, will stand at 5.86% a year in July-September 2024, calculated based on the interbank transactions in the first quarter of 2024, Romania’s central bank announced on Friday.
Proximity store network LaDoiPasi, a franchise developed by METRO Romania, has opened 60 stores in a single day, getting beyond 2,400 units countrywide.
The listing of Hidroelectrica (H2O), Fidelis government bond issues, the financial results that have brought all-time highs for stocks such as OMV Petrom (SNP), Banca Transilvania (TLV), together with the efforts by the Bucharest Stock Exchange to promote financial education, have pushed the number of active investors to an all-time high.
Romania issued 14,050 housing construction permits in the first five months of 2024, down 0.5%.
Romanian executives forecast rising activity in constructions and retail trade for June-August period, in parallel with higher prices in both fields, while headcount will be stable in industry, trade and services, in line with a survey by the country’s statistics board INS.
Medialine Romania, an international company specializing in providing complete and personalized IT solutions for medium-sized and large companies, present locally since 2002, saw turnover rise by almost 60% in 2023, to over EUR2.5 million.
Electronic parts and equipment manufacturer Zes Zollner Electronic, the local subsidiary of German concern Zollner Elektronic, for 2023 reported turnover worth RON3.086 billion (EUR624.1 million), up 18.3% from 2022.
Lagardere Travel Retail, part of French group Lagardere, with operations in travel retail and the hospitality industry, has won a large part of commercial spaces tendered by Otopeni airport, thus managing to enter with new brand on Romania’s largest terminal.
Constanta-based building materials warehouse chain, owned by Dumitru family, is adding a new warehouse in Medgidia.
UBM Feed Romania, leader of the local feed market, will invest EUR3 million in new silo this year.
Italian entrepreneur Heiner Oberrauch, known locally for owing Villa Vinea winery of Mures county, is also a major player in Romania footwear production. Via Italian company Ober Alp S.P.A., he controls Droker SRL company of Sebes, Alba.
Vaslui-based meat processor Vascar aims to enter the US market by end-2024.
Cluj-based cosmetics producer Farmec is readying to start works for the new plant, where it will relocate its activity.