Romania Feed

Aerostar Bacau, a manufacturing and maintenance company in the aviation industry, currently has 280 jobs available.

Health insurance provider Signal Iduna plans to increase its revenues by over 15% in 2023, with efforts largely to focus on integrating the two companies it has acquired, namely Erdo Asigurari and Ergo Asigurari de Viata, maintains Tiberiu Maier, chairman of the company’s board of directors.

Roxana Manolescu, CEO of cold cuts producer Caroli Foods Group, says the company in 2022 has improved its logistic chain, so that a major project envisaged investments in a new logistic center, in Oarja.

Franklin Templeton International, the manager of Fondul Proprietatea (FP.RO), announced the start of an accelerated bookbuilding offering of its entire stake in OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, on the Bucharest Stock Exchange.

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) said in a stock market report on Tuesday (Dec 13) that its Board of Directors decided to extend the mandate of Viorel-Sorin Ciutureanu as the company's interim Chief Executive Officer (CEO) for four months, starting January 1, 2023.

The e-commerce (electronic commerce) market in Romania, which witnessed an unprecedented boom in online sales during the pandemic, saw slower growth in 2022, as it was dominated by trends of “resettlement” in sales and “moderation” on the part of Romanian consumers, shows an analysis comprising the main findings of some of the leading providers of e-commerce solutions.

OMV Petrom and Romgaz submitted the statement of commercial discovery for the Neptun Deep block with Romania’s national agency for mineral resources ANRM, market sources said. The statement is important in the final decision-making process about an investment, attesting the economic viability of the project.

72% of Romanian employees say they already have flexible jobs and 97% consider flexibility to be one of the most important aspects, as per the latest survey by Mindspace, the global flexible office provider, which polled 1,470 employed people in Romania, Poland, the Netherlands, Germany, Israel, the UK and the US.

Green Genius, one of the main European renewable energy developers, part of Lithuania’s Modus Group, has signed the first solar power development contract in Romania, a EUR8 million project in Ulmi, Dambovita County (south of the country).

Automotive component manufacturer Hella Romania, the local unit of German-held company Hella, is set to open an engineering design and development center in the Palas Campus office project in the city of Iasi where it leased 1,300 square meters of office space.

Beyond the increasing of uncertainty, the conflict in Ukraine did not have visible effects on the local office market, but its aftermath – particularly the higher inflation and the rising cost of risk – is relevant, said Silviu Pop, Director CEE & Romania Research at Colliers.

Enel X Romania, part of Enel X Global Retail, the advanced energy services division of Italy’s Enel Group, will build a photovoltaic (PV) park with a total installed capacity of 2.5 MW for Romanian pharmaceutical manufacturer Antibiotice Iasi.

Romania registered again the highest value-added tax (VAT) gap among European Union (EU) Member States, with 35.7% of VAT revenues going missing in 2020, according to the European Commission's recent VAT Gap report for 2020.

The average net salary in Romania increased by 0.1% in nominal terms in October 2022 compared with September 2022, to 4,008 lei (EUR817), data from the country's statistics board INS showed on Tuesday (Dec 13).

Romania's annual inflation rate climbed to 16.8% in November 2022 as compared to November 2021, data from the country's statistics board INS showed on Tuesday (Dec 13).

Delivery platform Bringo has leased a 600-sqm area in Eminescu Offices office building developed by Akcent Development in downtown Bucharest and managed by the Asset Services team of Cushman & Wakefiled Echinox.

Romania in November posted record high inflation, of 16.8%, a 20-year high, and December is most likely to bring the peak of this growth cycle, at around 17%, according to ING Bank analysts.

Crowdfunding platform Ronin, launched a year ago, plans to accelerate the pace of campaigns next year.

Medical device manufacturer Hamilton Central Europe plans to invest around EUR18 million to raise a new building near the current plant of Giarmata locality, Timis county.

TenarisSilcotub had to give up investments earmarked for 2022 because of the soaring energy prices.