Romania Feed

Romania's Finance Ministry raised RON950 million from banks on Monday (June 19), selling government paper maturing in April 2030, at an annual average yield of 6.72%.

Romania's national grid company Transelectrica (TEL.RO) has announced in a stock market report on June 19 the distribution of the accounting profit left after deducting the profit tax on December 31, 2022 in the amount of nearly RON514.6 million.

Private equity firm Enterprise Investors (EI) is reviewing a number of projects in various stages of development, the firm said.

French DIY retailer Leroy Merlin has appointed Mathieu Bauduin to the position of Chief Executive Officer (CEO) of its Romanian subsidiary, starting this week.

Building materials maker Cemacon Cluj (CEON.RO) completed on June 16, 2023 the acquisition of ceramic block maker Euro Caramida SA based in Bihor County, by signing the transaction closing certificate.

The Romanian capital market grew by 7.1% in the first five months of 2023, through the BET-TR index, which also includes dividends attributed to shareholders.

Furniture retailer and manufacturer Mobexpert will open three new stores in Romania, in Piatra Neamt, Targoviste and Ramnicu Valcea by the end of 2023, CEO Adelina Badea says.

Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 51,0125 vehicles in May 2023, 28.38% more than 39,822 units produced in May 2022, as per data from the country's carmakers association ACAROM.

US giant Procter & Gamble (P&G) has appointed executive Radu Maftei to the position of senior vice president for Southeast Europe (SEE) and in this role, Maftei will coordinate the Group's operations across 12 markets, including Romania.

Central and Eastern Europe, including Romania, is benefiting from the relocation of production activities from more far away countries, such as Asian ones, closer to consumers, particularly owing to the significantly lower costs compared to Western Europe, reads a report drawn up by real estate consultancy Cushman & Wakefield.

One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has announced it continues its partnership with Veolia Romania Solutii Integrate (VRSI), a company part of Veolia Romania, with an agreement to implement innovative energy solutions for two other developments in its portfolio: One Lake Club and One High District.

Germany’s construction materials manufacturer Hasit, part of Fixit group, has started preparations for building a new plant in Bucharest.

Artprint, the first private printing house after 1990, has already completed a first retooling scheme started in 2018 and for the coming period it is keeping its investments on hold, with a decision regarding new investment projects set to come starting 2024.

Even as mobility electrification is gaining momentum, Octano Downstream, a player launched in 2017, is going against the current by investing in a classic gas station network.

iSTYLE, the largest Apple Premium Reseller retail chain in Central and Eastern Europe will open its second Apple Premium Partner store in Romania on Saturday, June 17.

Romania’s national gas transmission company Transgaz (TGN.RO) on Friday, June 16, signed the order to begin work on the Tuzla-Podisor gas pipeline, the company said in a report to the Bucharest Stock Exchange.

Total exports of processed tobacco products such as cigarettes and heated tobacco product refills stood at EUR1.48 billion in 2022, an increase of EUR140 million on 2021, National Statistics Institute (INS) data show.

Brasov-Ghimbav International Airport, the only international airport built in Romania from scratch in the last 50 years, officially opened for flights on Thursday, June 15 with a flight operated by the country’s flag carrier Tarom.

The total number of tourists housed in accommodation units in the first quarter of 2023 stood at 356.6 thousand, with their expenditures amounting to RON938.5 million, namely around RON2.632 per person on average, in line with data from the country’s statistics board INS.

Romania ended the first quarter of 2023 with a 5.8% unemployment rate (471,800 people), about the same as in the fourth quarter of 2022, while employment rate in the 20-64 age group stood at 68.5%, data from the National Statistics Institute (INS) showed on Friday.