Romania Feed

FAN Courier, the leader of the courier services market in Romania, expects to end 2022 with a turnover of over RON1.1 billion, up 10% from the level recorded in 2021, amid a year full of challenges and uncertainty with direct impact on the company’s turnover.

The average net salaries for the most sought-after jobs in the banking sector increased by 4% to 46% between 2018 and 2022, in line with data from Undelucram.ro, an online community of employees in Romania.

Real estate investors and developers active in Romania plan to expand their local portfolios over the next three years despite pressures stemming from various factors such as inflation, increasing financing costs, the geopolitical situation and also increasing construction costs, according to the first edition of the Cushman & Wakefield Echinox’s “Real Estate Investors Sentiment Barometer”.

Euroest Car, a Romanian company specializing in car part import and distribution, has leased 9,500 square meters in industrial park CTPark Chitila, developed by CTP in north-western Bucharest.

The Romanian state-owned railway company CFR SA sealed 45 contracts totally worth RON700 million, VAT not included, for the execution of some works of the Quick Wins type with a view of lifting speed restrictions on routes Apahida-Baia Mare, Razboieni-Episcopia Bihor and Arad-Oradea, which should allow for trains to run at maximum speeds of 120 km/h.

Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, has contracted a EUR5 million (RON25 million) loan from ING Bank Romania for the purchase of photovoltaic panels and inverters to counter potential delays and price hikes for these items.

Romanian shipyard Santierul Naval Orsova has informed its shareholders it sealed a EUR1.55 million contract with Romanian company Black Sea Offshore Centre of Constanta for the delivery of a river ship.

The local subsidiary of Belgium’s Reynaers Aluminium plans to expand its showroom network in 2023 and reach a total of 7, after opening in Brasov, Constanta and Chisinau, explained Daniel Popa, country manager at Reynaers Aluminium Romania.

Builder CON-A, owned by entrepreneur Mircea Bulboaca, has finalized an investment of RON211 million (around EUR43 million) envisaging the modernization of Sibiu municipal stadium.

Diana Baicu, co-founder of TopLine, a company active on market of cosmetics import and wholesale to clinics and beauty salons, plans to expand the business on a new market, but also develop operations in countries the group is already present in.

Remedia group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, posted RON390 million turnover in the first nine months of 2022, up 13% from the year-earlier period.

Constanta, Iasi, Brasov and Bucharest boast the largest investments underway in accommodation units, reveals a ZF analysis carried out based on IBC Focus platform data.

Romania had the one of the highest annual economic growth rates in the European Union, of 4.7%, in the third quarter of 2022, being outpaced only by Ireland (10.6%), Croatia (5.5%), Cyprus (5.4%), Malta (5.2%) and Portugal (4.9%), as per data released Wednesday (Dec 7) by Eurostat, the statistical office of the European Union.

Romania had one of the highest annual economic growth rates in the European Union, of 4.7%, in the third quarter of 2022, being outpaced only by Ireland (10.6%), Croatia (5.5%), Cyprus (5.4%), Malta (5.2%) and Portugal (4.9%), as per data released Wednesday (Dec 7) by Eurostat, the statistical office of the European Union.

Swiss-based European energy firm MET Group has announced its entry into the Romanian renewables market with the acquisition of a 100% stake in a solar project currently under development in southern Romania.

Globally, extraction of raw materials stands at over 100 billion tons, annually. This staggering figure is driven by both the persistently high levels of material consumption in high-income countries and the rapidly growing needs in emerging economies.

Dennis Selinas, the future CEO of Globalworth, has been elected Chairman of the Board of Directors of the Association of Real Estate Investors in Romania (AREI), for the next two years.

The Council of the European Union and the European Parliament have adopted on Nov 28 the EU Corporate Sustainability Reporting Directive (CSRD) which fundamentally changes the current regime for sustainability reporting, according to Deloitte specialists.

Crowdfunding platform Rōnin, founded by the company’s CEO Ovidiu Ghiman and by Bogdan Almasi and Felix Crisan, has attracted in its first year of activity a total 3,400 members and financing of over EUR1 million within the campaigns conducted, considering that the minimum investment threshold is EUR100, the company said on Wednesday.

Romanian stock market brokerage firm Investimental on Wednesday (Dec 7) was cleared by the country’s Financial Supervisory Authority (ASF) for all types of financial transactions, which is a first for the last 14 years on the Romanian capital market.