Net investments in new construction works exceeded RON74.188 billion in the first nine months of 2023, accounting for 62.6% of total investments in Romania's economy, compared to 62% in the similar period of 2022, in line with data centralized by the country's statistics board INS.
Gábor Mozga, a former Head of Retail Sales & Operations at MOL Poland, has been appointed Chief Executive Officer (CEO) of MOL Romania, effective January 1, 2024.
Cegeka Romania, the local subsidiary of Belgian IT Group of the same name, announced on January 8 that it appointed Lucian Popovici as the company’s new Director of Applications, company representatives said in a statement.
iBanFirst analysts expect a slight depreciation trend for the Romanian leu (RON) versus the euro and dollar in the first quarter of 2024, amid weak growth of the Romanian economy.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 3.8% in unadjusted data and by 3.3% when adjusted for seasonality and number of working days, in November 2023 compared to November 2022, data from the country’s statistics institute INS showed on Monday (January 8).
The seven mandatory private pension funds in Romania (Pillar II) generated an annual average yield of 17.9% in 2023, the best annual performance in the entire history of the system and over 10% above the inflation rate estimated for 2023.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, will end 2023 with EUR120-130 million turnover and expects a similar level for this year, according to the company’s officials.
Andrei Ursulescu, general manager of Scandia Food, a major player in the local food industry, says turnover budgeted for 2024 is similar to that of 2023 as the company expects local consumption to slow down its decline and stabilize, doubled by the continuing shift to cheaper products amid the still shrinking purchasing power.