Romania Feed

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.

Engineering company Simtel will also start operating on the renewable energy production segment this summer, with the first MW in photovoltaics, and is likely to reach capacities of 15 MW by yearend, explained Sergiu Bazarciuc, Simtel co-founder and operating director.

Geological prospecting company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, targets a gross profit of RON28.2 million in 2023, up 71% from the gross result of RON10.4 million reported in 2022, and a turnover of RON234.1 million, up 54.7% versus 2022.

Porcelain products manufacturer and Ikea supplier switched loss in 2022, reporting a negative result of RON12.1 million (EUR2.4 million), from a net profit of RON6.1 million (EUR1.2 million) in 2021, as per data publicly available.

Solina Romania, the former Supremia Grup, one of Romania’s biggest makers of food ingredients and spices, ended 2022 with a turnover of nearly RON197.7 million (EUR40 million), up 33.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Ursus Breweries, the beer market leader, posted RON2.279 billion (about EUR462 million) revenue in 2022, up more than 6% from the previous year, Finance Ministry data show.

The largest actor in Romania’s economy is OMV Petrom (SNP.RO), which posted RON55 billion revenue in 2022, an increase of 137% year-on-year, followed by a company of the same group, OMV Petrom Marketing, which operates about 600 Petrom and OMV gas stations, and generated RON27 billion revenue.

Electronics retailer Flanco has been using since April 2023 its own car fleet for deliveries in capital city Bucharest and its surrounding Ilfov County, respectively eight vehicles with two couriers each.