The fast-moving consumer goods (FMCG) market shrank in volume in January-September 2023, which is the best indicator of the spending appetite of Romanian consumers. On the other hand, retailers’ sales continued to increase in value, but solely because of prices went up by 15% to 23%.
Real estate consulting company Cushman & Wakefield Echinox is consolidating its team by recruiting Raluca Stanislav as Head of Business Development.
IT group Bittnet Systems (BNET.RO) notified the Bucharest Stock Exchange of having completed its corporate bonds offer conducted between November 27 and December 12.
OMV Petrom, the largest integrated energy company in Southeastern Europe, has continued to make significant progress in implementing Neptun Deep project.
International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO).
Natural gas and electricity distribution company Delgaz Grid has completed development works on the gas distribution network in Toplita (Harghita County), therefore, the municipality of Toplita is connected to the network starting from December 2023.