Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance premiums accounted for RON15.2 billion and life insurance premiums for RON2.96 billion, the Financial Supervisory Authority says in its report on the performance of the insurance market in 2023.
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), has expanded its local management team.
The transition to circular economy slowed globally in 2023, as the vast majority of raw materials entering economies are still coming from virgin sources, while the share of secondary, reused materials has steadily decreased over the past five years, from 9.1% in 2018 to 7.2% in 2023, as per the “Circularity Gap 2024” study carried out by Deloitte and the Circle Economy Foundation.
The number of jobs employers have posted since the start of 2024 has reached 75,000, almost 10% fewer than in the same period of last year.
ProCredit Bank Romania has granted a EUR3.4 million funding to company group 3D Steel Design & Construct SRL and Hansarom Management & Consulting SRL, for the construction of two photovoltaic parks in Prahova county, with capacities of 5.6 MWp and 4.3 MWp, both equipped with a battery energy store system of 1 MW.
Romania companies earmark budgets ranging between EUR2,000 and 5,000 for automation and after noticing the benefits they tend to increase the investment to EUR10,000-50,000 in the first year.
Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended 2023 with turnover worth around RON1.2 billion (EUR242.6 million), up 5.7% from 2022, in line with ZF calculations based on company and Finance Ministry data.
Andreas STIHL Power Tools SRL, a subsidiary of Germany’s STIHL AG&Co, has started building a new EUR165 million production unit on an area of around 147,000 square meters in Eurobusiness I Industrial Park.
Low-cost airline Wizz Air will introduce a new route from Bucharest to Izmir, the third largest city in Turkey, and it will also reopen routes from Bucharest to Salzburg and to Budapest.
Romanian state-run port operator Oil Terminal (OIL.RO) has announced in a stock market report on April 1 the signing of two contracts for services provision and delivery for a period between April 1 and December 31, 2024.