Romania Feed

Lödige Industries, one of the world's leading suppliers of logistics systems and lifting solutions, is expanding its capacities at its factory in Brasov (central Romania), aiming to almost double the production area to more than 4,000 square meters and to also build additional office and sanitary facilities.

Lithuanian Group Apex Alliance and Paval Holding, the latter of which is held by the Paval brothers, the owners of DIY retail chain Dedeman, have completed the acquisition of the Grand Hotel Gardone and announced an investment plan of EUR45 million for renovation and restauration works due to start in 2024.

ENGIE Romania has teamed up with Etrel and launched a management solution for electric vehicle (EV) charging stations, available to individuals, companies and public charging stations.

Germany’s Bosch ended fiscal 2022 with consolidated sales of RON2.5 billion (EUR512 million) in Romania, an increase of 4% on 2021, while investments made last year stood at RON410 million (some EUR83 million), going mainly to the development of the production facilities in Cluj and Blaj, as well as to the Bosch engineering center in Cluj.

Macromex, leader in the Romanian food industry in the frozen and refrigerated products segment, has appointed Mihai Calin to the position of Chief Financial Officer (CFO).

Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022.

Cooling systems producer RAAL posted a turnover of nearly RON389.3 million (about EUR79 million) in 2022, up 20.5% compared to 2021, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data.

Romanian-held edtech startup Youni has expanded presence in Central Asia by opening two new offices in Kazakhstan and Uzbekistan and plans to open new offices in Poland and Hungary by the end of 2023.

IULIUS Group plans to start in 2024 the construction of the eighth office building within the Palas Iasi project.

Flip.ro, a Romanian startup founded in 2019 that encourages circular economy by refurbishing mobile phones that are reintroduced on the market as good as new, has paid EUR4.8 million to Romanians who sold their phones through the online platform during the first four months of 2023, up 32% compared to the same period of 2022.

The current role of the CFO in Romania today is more oriented on protecting and optimizing value (38%) than on growing value (24%), while the future ideal state shifts the focus of the Finance leaders towards the growing value activities (40%) and less on protecting the value (22%).[2]

ALD Automotive has completed the full acquisition of LeasePlan, one of the world's global leaders specialized in car fleet management and mobility solutions, from a consortium run by TDR CAPITAL.

Tire maker Pirelli Tyres Romania, the local subsidiary of Italy’s Pirelli, currently owned by state-run China National Chemical, posted RON4.388 billion (EUR889.8 million) revenue in 2022, an increase of 38.5% on the RON3.168 billion (EUR644 million) of 2021, Finance Ministry data show.

Real estate developer One United Properties (ONE.RO) has notified shareholders about the signing of an agreement to sell an asset, an office building of One North Gate SA, in which it owns 76.395%, the developer said in a report to the Bucharest Stock Exchange.

FAN Courier, the leader of the parcel delivery market in Romania, is doubling its locker network to some 2,000 FANboxes in the entire country, the company said in a release.

OTP Bank has officially confirmed via an announcement by its management that OTP Bank Romania is up for sale, a process that may take a few months and if successful, the deal should be closed in one year, banking market sources told ZF.

US-held eBay, one of the largest actors in online commerce in the world, has started a campaign to draw the Romanian small and medium-sized enterprises to its marketplace, enabling them sell abroad this way. The decision was made because of the growth of the market and the still low percentage of companies selling online, which it sees as a growth opportunity for the future.

Romanian managers’ confidence in the economy is at the highest level in three years, despite uncertainties in the market, the eighth Confidex survey conducted by Impetum Group to measure Romanian managers’ confidence in the economy in the first half of 2023 shows.

Julien Ducarroz, chief executive officer of Orange Poland since 2020, will trade places with Orange Romania CEO Liudmila Climoc in September.

Globalworth, the leading office investor in Central and Eastern Europe (CEE) and the leader of the Romanian office space market, has signed an agreement with eMAG to set up its headquarters as a tenant in the Globalworth Square building in the Floreasca – Barbu Vacarescu area of Bucharest.