Romania Feed
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ZF English - 17:06 Jun 15, 2023
Romania’s industrial sales (on the domestic and external markets) declined 16.3% in nominal terms in April 2023 compared to March 2023 and by 3% versus April 2022, data from the country’s statistical office INS showed on Thursday (June 15). -
ZF English - 16:42 Jun 15, 2023
Romania's new coalition government, led by social democratic Prime Minister Marcel Ciolacu, on Thursday (June 15) received the Parliament's endorsement with 290 votes in favor to 95 against, surpassing the minimum requirement of 233 votes for approval. -
ZF English - 16:08 Jun 15, 2023
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) saw a decline of 18%, in nominal terms, in April 2023 compared to March 2023, and of 0.7% compared to April 2022, data from the country's statistics board INS showed on Thursday (June 15). -
ZF English - 12:16 Jun 15, 2023
The legislation for authorizing the construction of renewable energy projects has seen a new amendment aimed at creating common authorization conditions for projects built in and outside urban areas, as per an analysis by law firm PeliPartners. -
ZF English - 11:30 Jun 15, 2023
Enel X Way Romania, part of Enel X Way, a company of the Enel Group dedicated to electric mobility, collaborates with retailer PENNY for the installation of a network of 64 charging stations for electric vehicles, representing a total of 128 charging points. -
ZF English - 11:20 Jun 15, 2023
Deloitte Romania opens application for the 24th edition of the Technology Fast 50 Central Europe competition, addressed to large and small local companies in the technology sector, public and private, which register accelerated growth. -
ZF English - 11:09 Jun 15, 2023
Romania's final electricity consumption fell by 7.7% year-over-year in January-April 2023, considering that electricity consumption in the local economy fell by 5.4%, household consumption plunged by 13.8%, and public lighting by 16.3%, data from the country's statistical office INS showed on Thursday (June 15). -
ZF English - 07:06 Jun 15, 2023
Grup Serban Holding, a Romanian entrepreneurial company active in several farming segments, has invested RON5 million in the acquisition of an Angus cattle farm in Sascut, Bacau county. -
ZF English - 06:38 Jun 15, 2023
Online retailer DY Fashion, founded 11 years ago by local entrepreneurs Irina and Dragos Aipu, bets on 15% turnover growth this year as the business already expanded by around 15-20% in early 2023. -
ZF English - 06:30 Jun 15, 2023
Romanian massage chair retailer Komoder has started an investment worth EUR3.2 million in a 5,200-sqm multifunction space that will include 4,000 square meters of logistic spaces and 1,200 square meters of offices, explained Adrian Rus, CEO and founder of the company. -
ZF English - 06:22 Jun 15, 2023
Fast-food restaurant chain Mesopotamia has budgeted investments worth RON25 million for 2023, slightly down from last year. -
ZF English - 06:16 Jun 15, 2023
Software company BlueTweak, set up in 2022 and spun off from business process outsourcing company Conectys, aims to reach the EUR2 million sales threshold at end-2023 and double its team of specialists, said Andrei Ghiorghiu, the company’s CEO. -
ZF English - 20:02 Jun 14, 2023
Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, posted about RON883.9 million (EUR179.2 million) revenue in 2022, down 18% from the RON1.080 billion (EUR219.5 million) of 2021, according to ZF calculations based on the Finance Ministry data. -
ZF English - 19:52 Jun 14, 2023
Rio Bucovina, a distributor of non-alcoholic beverages and food products, part of the Polish group Maspex, posted RON143 million (EUR29 million) revenue in 2022, up 21% from the previous year, ZF has calculated from Finance Ministry data. -
ZF English - 19:23 Jun 14, 2023
Sennheiser International Manufacturing GMBH, the Romanian branch of German headphones and audio systems manufacturer Sennheiser, posted RON322.6 million revenue in 2022, almost RON1 million more than in 2021, Finance Ministry data show. -
ZF English - 19:05 Jun 14, 2023
SIF Oltenia (SIF5.RO) has announced in a stock market report on Wednesday (June 14) that it will organize a new round of public auction on June 21, 2023 in order to sell a package of 39,628 shares held in Elba, a Timisoara-based lighting fixtures and systems manufacturer which supplies headlights for Dacia-Renault and Skoda. -
ZF English - 19:02 Jun 14, 2023
Pillar II pension fund BRD Pensii, which has a 4% market share, was the most active of the seven such funds in Romania in April, buying more stock in five companies listed on the Bucharest Stock Exchange (BVB.RO), Ziarul Financiar has found. -
ZF English - 18:41 Jun 14, 2023
The Board of Directors of TeraPlast Bistrita (TRP.RO) has decided to extend the term of office as Chief Financial Officer (CFO) of Ioana Birta for four more years, until September 2027, the company announced in a stock market report on Wednesday (June 14). -
ZF English - 18:29 Jun 14, 2023
Germany’s Kärcher, which owns two local vacuum cleaner plants in Romania in Curtea de Arges, is investing EUR20 million in the development of local production. -
ZF English - 18:17 Jun 14, 2023
The Belis-Fantanele Hotel in Cluj County, owned by Transilvania Trek, will be operated under the Hampton by Hilton brand on the basis of a franchise contract.