Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 12.3% in unadjusted data and by 7.1% when adjusted for seasonality and number of working days, in February 2024 compared to February 2023, data from the country’s statistics institute INS showed on Wednesday (March 6).
Romania’s national power transmission company Transelectrica (TEL.RO) has completed an investment of roughly RON92 million for the consolidation of energy security in the region of Dobrogea, the development of the electric transmission network and the national energy system, by building two new 400 kV double-circuit connections, with a total length of 55 kilometers , in the Medgidia Sud 400 kV Electric Substation.
Investment fund GapMinder II has led a EUR2 million funding round in Genezio, a startup co-founded by Andrei Pitis, announced Dan Mihaescu, a founding partner at the fund.
Libra Internet Bank in 2023 registered RON317.2 million net profit, up around 33% from 2022, while the bank’s assets rose by 14% to RON11.1 billion.
The Romanian subsidiary of China’s telecom equipment maker ZTE for 2023 reported RON79.4 million turnover, up 40% from 2022, in line with Finance Ministry data.
Automotive wiring maker Leoni Wiring Systems Ro, part of German group Leoni, currently has 265 jobs available at Bistrita plant.
Gral Medical, a major player on Romania’s private healthcare market, in 2023 generated EUR60 million turnover and for 2024 forecasts EUR80 million.
Pastry maker Senneville based in Timisoara (western Romania), with a EUR3.7 million turnover in 2023, seeks to invest in a new factory, in the neighboring county of Hunedoara.
Romania's finance ministry will carry out a new issue of Fidelis government bonds for retail investors between April 8 and April 17, 2024.