Romania Feed

EY Romania has recruited Carmen Sauer for the position of SAP Practice Director within the Technology Consulting Department.

More than a third of Romanians (34.3%) want to take out a loan in the coming months, of which almost 62% want a personal loan, according to a tbi bank survey among 1,057 respondents across the country.

E.ON Energie Romania has completed the construction and installation of a solar power generation system for the company Printmasters (in Maramures County), in the wake of a nearly EUR500,000 investment.

Romania's current account balance posted a deficit of EUR13.7 billion in January-August 2023, lower than the EUR18.5 billion level reported in the same period of 2022, central bank data showed on Friday (October 13, 2023).

Mihaela Lupu, currently Chief Financial Officer for Central and Eastern Europe within UniCredit Group, will be the new Chief Executive Officer (CEO) and Chairman of the Board of Directors of UniCredit Bank in Romania, starting with October 16, 2023.

Employees in the IT sector are considering looking for new jobs in order to mitigate the financial impact of the government's latest tax measures, as per a survey by online recruitment platform Bestjobs.

Instant.ro, the first AI-based platform in Romania that mediates second-hand car sales, has closed its first funding round, raising EUR300,000 from several investors.

Romania will in 2024 become a regional logistic hub for Noark Electric Europe, part of Chinese conglomerate CHINT, and the coming years are also likely to bring Noark production facilities in the local economy, explained Eugen Toma, country manager at Noark Electric Romania.

Donna Medical Center of Bucharest, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specializing in breast imaging, has opened a new clinic in Romania’s capital city, a women’s oncology center, in the wake of EUR250,000 investments.

In November 2013, PepsiCo’s plant of Popesti-Leordeni had 288 employees and one million snacks bags were churned out. Today, a decade later, the plant’s output has doubled, its number of employees tops 500 and in recent years the unit has been the target of EUR100 million investments in production lines, new technologies and a bigger warehouse.

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, continued to stagnate at 6.40% a year since early October, just like in September and in the second half of August 2023.

The seven mandatory private pension funds in Romania (Pillar II) generated an annual average yield of 18% between September 2022 and September 2023, for the 8 million Romanian participants.

Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, reported a turnover of RON170.8 million (EUR34.6 million) for 2022, up 23.5% from RON138.3 million (EUR28.1 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Concrete prefab manufacturer Prebet Aiud (PREB.RO) has secured shareholders’ vote to increase its ownership stake in Roca Investments through the acquisition of shares or participation in the share capital increase within the limit of the amount of EUR5 million, as shown by the decision of the General Meeting of Shareholders of Oct 11 sent to the Bucharest Stock Exchange.

The foreign direct investment (FDI) stock on the construction and property deal segment reached EUR18.59 billion at end-2022, seeing the third highest growth rate among all economic sectors in 2022, after industry (EUR32.6 billion in 2022 vs EUR29.4 billion in 2021) and trade (EUR19.1 billion in 2022 vs EUR17.2 billion in the previous year), as per data from Romania's central bank, analyzed by real estate consulting firm Cushman & Wakefield Echinox

Bauer Kompressoren, part of German BAUER Group, one of the world market leaders in the production of medium and high-pressure compressors up to 500 bar, has inaugurated its new factory in Ghimbav (Brasov County). Compania Bauer Kompressoren, parte a grupului german Bauer cunoscut pentru compresoarele sale care încarcă buteliile de aer respirabil pentru pompieri şi scafandri, a inagurat oficial fabrica de compresoare de la Ghimbav, judeţul Braşov, unde în prezent lucrează 150 de oameni.

Communications agency GMP PR has announced that it changed its name to GMP&U, an IDEA Company, following an eight-month rebranding process.

Romania’s industrial production decreased by 5.8% in unadjusted data in August 2023 versus August 2022 due to drops reported for the electricity, gas, steam and air conditioning supply (-8.3%) and manufacturing (-6.2%), data from the country’s statistics board INS showed on Thursday (October 12, 2023).

Romania's Finance Ministry raised RON973.1 million from banks on Thursday (October 12), above the targeted level of RON600 million, selling treasury bills maturing in October 2033, at an annual average yield of 7.13%.

Romania's statistics board INS on Thursday (Oct 12) reconfirmed the country's gross domestic product (GDP) growth of 1.7% in real terms (in unadjusted data) in the first half of 2023 versus the same period of 2022, to a total of RON695 billion.