Romania Feed

The average net salary in Romania increased by 0.2% in nominal terms in April 2023 compared to March 2023, to 4,564 (EUR920), data from the country's statistics board INS showed on Tuesday (June 13).

Romania's annual inflation rate kept decreasing in May 2023 and reached 10.6%, compared to 11.2% in April 2023, 14.5% in March 2023 and 15.5% in February 2023, data from the country's statistics board INS showed on Tuesday (June 13).

Delivery service company Sameday ended the first quarter of 2023 with an 11% turnover increase after revenues went up by 23% in 2022 to RON736 million.

The overall turnover of the main retailers in Romania in 2022 went up by almost 16.3% year-on-year, an increase that tops the average annual inflation rate of 13.8%, reveals a survey carried out by real estate consultancy Cushman & Wakefield Echinox based on the financial figures of 114 companies of 12 different fields.

Simus Trading, the company operating photo, video and accessories equipment store Photosetup, the second player specialized in this market niche after F64 Studio, in 2022 saw its turnover go up by 20%, to RON14.5 million.

Crama Ceptura, a company part of Purcari Wineries, a major player in Moldova’s wine sector, aims to invest around RON4.5 million in 2023, more than twice than in 2022, to retool and modernize Ceptura de Jos winery.

Sofiaman, a Targu-Neam-based company set up more than 25 years ago, specializing in the production and sale of pajamas, has now reached 19 stores countrywide and in 2022 generated turnover worth almost RON25 million, up around 3% from the previous year.

Cris-Tim Holding, one of the largest meats producers in Romania, ended 2022 with RON878 million revenue, more than 15% higher than the RON754 million of 2021, the data the company supplied for ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) yearbook show.

Affidea Romania, the largest actor on the medical imaging services market in Romania, ended 2022 with RON270 million revenue, an increase of 20% on the previous year, the data the company supplied for ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) yearbook show.

Banca Transilvania (TLV.RO), the largest bank in Romania by assets, on Monday evening notified the Bucharest Stock Exchange that it had decided to supplement its EUR500 million MREL eligible bond issue concluded in April by EUR100 million, as a result of high interest from investors.

Microsoft Romania posted its lowest profit in 20 years in 2022 – RON1.57 million, a decline of 96% on the previous year.

Romania's Competition Council on Monday said it approved a transaction through which Silcotub is taking over two collection centers for recyclable industrial waste operated and managed by Silnef.

Doron Klein, CEO of AFI Europe Romania and The Czech Republic, has been appointed Deputy CEO of international group AFI Europe, in addition to his current position.

Green Group, a group of firms active in the recycling sector and majority held by investment fund Abris Capital Partners, has concluded an agreement for the purchase of a majority stake in the company Expert Cleaning, a provider of specialized cleaning solutions for heavy industries and do-it-yourself (DIY) stores in Romania.

Romania's Finance Ministry raised RON1.64 billion from banks on Monday (June 12), selling government paper maturing in May 2027, at an annual average yield of 6.69%.

A volume of 320,000 square meters of retail space is expected to be delivered until the end of 2023 in Romania, both in the main regional centers and in secondary cities, of which no less than 74% of areas under construction are retail parks and 26% are intended for large shopping centers, as per data from real estate consulting firm CBRE.

Safetech Innovations (SAFE.RO), a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London, and Abu Dhabi, has announced in a stock market report on Monday (June 12) the signing of a partnership with Phriendly Phishing, a global company specialized in providing security awareness and phishing simulation training solutions.

Romania's national grid company Transelectrica (TEL.RO) has completed tests for the integration of the battery storage facility into the Balancing Market platform and into the operational control system of the national energy system.

Sales of electric scooters have grown almost 10% over the past year, with Romanians buying some 50,000 new units annually, as per data from online retailer evoMAG.

A total 15,329 housing units were put into use in Romania in the first quarter of 2023, 578 fewer units than in the same period of 2022, data from the country’s statistics board INS showed on Monday (June 12).