Romania Feed

The electric vehicle (EV) battery recycling sector in the European Union (EU) will require EUR9 billion investment to expand capacity by 2035 to keep pace with increased production, according to the “EU recycling market” report by strategy&, PwC's global strategy practice.

Online travel agency Vola.ro is entering the Bulgarian market under the brand Vola.bg, which is the first step in the international expansion strategy under this name. Vola is already present in Poland under the name of FRU.pl.

Romania could raise its national income by almost three times in the next three decades while taking action to improve resilience against climate change and reduce carbon emissions, if it continues broader economic reforms, according to the World Bank Group’s Romania Country Climate and Development Report (CCDR) released on October 24.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 6.38% a year on Tuesday (Oct 24), after staying put at 6.40% for 53 days, as per central bank data.

In its 2024 Foreign Exchange Market Outlook released this week, iBanFirst provides Romanian companies, especially those doing international payments, with an overview of key trends for the upcoming year, helping them shape their currency risk management strategy for 2024.

Eszter Martin is the new Chief HR Officer of NN Romania starting November 15, 2023, succeeding Meliha Yardim who has taken over the role of Chief HR Officer in NN Spain.

Ford Otosan has officially started the production of Courier models at its plant in Craiova on Tuesday (October 24), being the first new models produced since the plant was taken over in summer 2022 by Turkey-based holding company Koc Holding.

Over and above the risks that have already been mentioned many times, some of which continue to intensify (financial stability, social and political risks), the fight against inflation has not yet been won: excluding energy, inflation remains well above the targets set by central banks, while the situation on the oil market has became tense again following the attacks in Israel.

Building materials maker TeraPlast Bistrita for the first nine months of 2023 reported net profit worth RON6.8 million and RON517 million revenues.

Giant PepsiCo is building an automated warehouse next to the snacks plant of Popesti-Leordeni, near Bucharest.

Romanian state-run port operator Oil Terminal (OIL.RO) is starting the selection process for the construction of a bitumen terminal in the Black Sea Port of Constanta.

Real estate consulting firm Cushman & Wakefield Echinox has coordinated the BREEAM Excellent certification process for the portfolio of almost 550,000 square meters of logistics parks owned by eMAG in Romania and Hungary.

Dan Crisan will be taking over as the new Chief Operating Officer (COO) of PENNY | REWE Romania, starting January 2024.

The online phone and gadget store DualStore.ro, launched in Baia Mare in 2007, has invested more than one million euros in expanding its own-brand product category iSEN this year, adding new electronics such as smart watches, headphones, smart car cameras, smart car mirrors, TV box (media player) running Android, projectors, 3D pencils, accessories and gadgets to its portfolio.

CBRE, the leading player on the real estate consulting market, has become the property manager of the U•Center office building developed by Forte Partners and currently owned by Paval Holding.

Criboser of Oradea, the second most dynamic road haulage company by last year's growth in revenue, expects to approach the EUR50 million mark by the end of the year, its officials say.

Private lending in Romania grew by 4.5% in nominal terms (down 4% in real terms) to RON381.1 billion in September 2023 compared to September 2022, central bank data showed on Monday (October 23).

Romania's Finance Ministry raised RON653 million from banks on Thursday (October 23), above the targeted level of RON600 million, selling treasury bills maturing in 2030, at an annual average yield of 7.04%.

Asset manager SAI Certinvest has announced the launch of two investment funds with a predetermined time horizon, namely, Certinvest TARGET 2035 and Certinvest TARGET 2045, as per a press statement.

More than 62,000 part-time jobs have been put on the market since the beginning of 2023, 10% more than in the same period of 2022, according to data from eJobs, the largest recruitment platform in Romania.