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Hosiery manufacturer Ciserom in Sebes, Alba County, posted over RON19 million (EUR3.8 million) revenue in 2022, up 4.7% on the previous year, according to ZF calculations based on Finance Ministry data.

The members of TechAngels, the largest group of angel-type investors in Romania, invested EUR1,013,000 in technology startups in the first half of 2023, which represents only a third of the investments carried out in the same period of 2022, considering that caution was the key word for investors both domestically and globally.

The asking prices of old three-room apartments in Bucharest increased in August after a slight decline in July.

Business software developer Wizrom Software ended 2022 with more than EUR1.37 million revenue, an increase of over 8% year-on-year, Finance Ministry data show.

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched up 0.7% in unadjusted data and grew 1.2% when adjusted for seasonality and number of working days, in July 2023 compared to July 2022, data from the country’s statistics institute INS showed on Wednesday (Sept 6).

Small modular reactors (SMRs) can be the answer to the cheap and secure energy dilemma as they are more flexible than large-scale reactors, are easy to locate next to large industrial consumers and can replace district heating that pollutes from coal and gas, Romania's Energy Minister Sebastian Burduja said during the US-Romania Economic Forum organized by AmCham Romania.

Renovation Solar, a company part of Renovatio group, a major player in Romania’s solar energy and green technology, has recently completed a 400 kWp photovoltaic project for logistics company KLG Europe Logistics Romania.

Edtech startup Ascendia in the first half of this year registered operating revenues of RON6.2 million, double the level of the year-earlier period, and net profit of RON730,000, from RON473.588 losses in the first half of 2022.

Vending machine operator O’Fresh Vending Solutions, in which investment fund Integral Venture Partners has recently bought a majority stake, wants to double or even triple its business in five years, both via direct development and acquisitions, local and regional ones.

International Lazar, a freight forwarding company controlled by entrepreneur Ion Lazarus, ended the first half of this year with a 10%-12% decline in revenue, amid lower demand for freight forwarding, its officials say.

Belor Romania, part of Germany’s Belor Eurofert GmbH, ended 2022 with a turnover of RON459.8 million (EUR93.2 million), up 13.3% from RON405.9 million (EUR82.5 million) reported for 2021, as per finance ministry data.

Polish fashion retailer Modivo has opened its second store in Romania and in capital city Bucharest, which covers an area of 400 square meters and is located in the AFI Cotroceni shopping mall.

Philip Morris International (PMI), one of the largest manufacturers of cigarettes and IQOS heated tobacco products, will invest $130 million in its plant in Otopeni, near Bucharest, Romania, by the end of 2024, its officials announced at the 30th anniversary of its presence in this country.

E.ON Group carried out investments of RON654 million (some EUR133 million) in Romania in 2022, which targeted the expansion and modernization of natural gas and electricity networks in order to meet the needs of the energy transition, to boost networks' capacity to connect new sources of renewable sources, as well as to stimulate the digitalization of services, as per the annual sustainability report.

Spain’s Inditex Group, which owns some of the best-known fashion brands in the world, among which Zara, confirms the opening of the first Lefties store in Romania. ZF has recently reported that the only brand of the group that was not yet present in the country will arrive in 2023.

Diehl Controls, a German manufacturer of components for household appliances, is starting the construction of its factory in Brasov (central Romania) and the production will set off in mid-2024.

The non-performing loan (NPL) ratio remained below 3% in the first half of 2023, the same as in the second half of 2022, ranging between 2.6% and 2.7%, according to Ziarul Financiar (ZF) daily.

Idea::Bank is expanding its management team by appointing Viorel Ruse to the position of Director of Marketing and Communications and Viorel Vasile to the position of Director of the Card Management Division.

Transgaz, a company majority owned by the Romanian state, will also operate the natural gas transmission system of the Republic of Moldova, on the basis of a 5-year contract signed by its subsidiary, Vestmoldtransgaz, with Moldovatransgaz.

Bucharest’s 5-star hotel Sheraton in the first half of this year posted an average occupancy rate of between 60 and 70% and over 10% turnover growth amid rising accommodation tariffs.