Romania Feed

Nine Romanian entrepreneurial companies with a combined turnover of over EUR335 million and some 3,150 employees received the Deloitte Best Managed Companies certification for management excellence assessed against international best practices, at the end of the program’s first edition in Romania, organized in partnership with Banca Transilvania.

The European Commission has approved an aid scheme worth approximately EUR500 million (RON 2.5 billion) notified by Romania to support businesses across all economic sectors in the context of the war in Ukraine.

The Romanian public sector accounted for 23% of total job vacancies in the third quarter of 2022 and the manufacturing industry accounted for just over one quarter of the total number of vacancies (11.6 thousand vacancies), as per a survey published by the country's statistics board INS.

Agricultural holding ROCA Agri RDF, which owns the companies RDF Agricultura and Adidana Agricultura, estimates consolidated revenue of EUR132 million at the end of 2022.

International freight forwarding and logistics group International Alexander, based in Arad, has made a new bet on the local market and launched an online store.

The four-star International hotel of Sinaia, one of the largest units in the mountains resort, with a 180-room capacity, in September and October operated at an average occupancy rate of 80%, above the 2019 level and for November its officials project a 75-80% rate.

Affidea Romania, the biggest player on Romania’s medical imaging market, hopes to open five new centers in 2023.

Swiss-held real estate developer Artemis, which owns a number of logistics properties in Romania, has started work on its fourth building in the Sanandrei Industrial Park near Timisoara.

Electric component maker Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller, has started construction of two new production facilities at its Tautii-Magheraus, Maramures County, site.

Romanians bought medicines worth RON24 billion (EUR5 billion) in the period October 2021 – September 2022, at wholesale prices, 21% more than in the year-earlier period, in line with the Cegedim Customer Information report.

Real estate developer Hercesa on Thursday said it will invest EUR52 million in a new real estate project in capital Bucharest’s Ghencea area.

2Performant Soft (Bento), a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT infrastructure and Cloud services, on Thursday reported operating income of RON19.2 million for the first nine months of 2022, up 1% on the year.

Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), ended the first nine months of 2022 with underwritten premiums of RON1.5 billion, up 35% on the year, as per company data.

iHunt Technology Import-Export (HUNT.RO), a supplier and manufacturer of mobile phones and gadgets, on Thursday reported a net profit of RON3.65 million for January-September 2022, down 28% on the year, the company said in its quarterly report.

Romanian parcel delivery company Sameday, owned by eMag, saw a 20% increase in the volumes delivered on the Black Friday sales campaign, reaching a total 3.6 million parcels.

In September 2022, the volume of construction works in Romania rose, in unadjusted data, by 26.4% compared to September 2021 and was up 27.2% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.

Romanian government via the Authority for State Assets Management will take over 75% in Blue Air, becoming the majority shareholder of the airline.

Wizz Air announced on Thursday (Nov 17) that would operate a new route from Romania to Israel, starting January 2023.

The number of online card transactions in Romania increased by almost 27% on November 11, 2022, when most merchants carried out the Black Friday sales campaign, as compared to the previous edition, as per data from NETOPIA Payments, the most used online payment processor in Romania.

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening on Dec 15, 2022 its first store in Romania, within the ParkLake shopping center.