Romania Feed

Net investments in Romania’s economy totaled RON30 billion in the first quarter of 2023, up 13.6% versus the same period of 2022, with more than half being represented by new construction works, data from the country’s statistics board INS showed on Monday (June 12).

HP Inc. Romania, the local subsidiary of the US computer and printer supplier and IT services provider of the same name, for 2022 reported turnover worth RON536.8 million (EUR108.8 million), up 29% from 2021.

Datanet Systems, an integrator of complex IT&C solutions and systems and a member of Slovak Soitron Group, seeks to recruit new specialists nationwide and has several positions available.

BSH Electrocasnice part of Bosch group in 2022 registered RON470 million turnover in Romania, more than 14% higher than in 2021. Profit also went up, by 40%, to RON25.2 million.

Home appliances manufacturer De’Longhi Romania, the biggest exporter of Cluj county, in 2022 generated turnover of RON2.089 billion (EUR423.7 million), down 7.5% on 2021, in line with ZF calculations based on Finance Ministry data.

Aluminum aircraft part manufacturer Universal Alloy Corp, part of Montana group controlled by Austrian entrepreneur Michael Tojner, ended 2022 with turnover worth RON892 million (EUR181 million) on the local market, more than double the 2021 level.

The overall turnover of the top largest players in Romania modern retail, which have more than 4,000 stores together, for the first time neared the RON100 billion threshold last year after an 18.5% increase vs 2021.

Job stability has become essential for most Romanians against the backdrop of economic uncertainty in 2023, prompting them to predominantly apply for jobs with disclosed salaries in advertisements or in fields that have proven resilient to crises, such as Sales, Accounting, Engineering, IT, and Production/Logistics, as per data from recruitment platform BestJobs.

The Trattoria il Calcio restaurant chain, which includes five units, was acquired by Nuba Group in a transaction worth over EUR1.5 million.

The company GalicSud based in Ramnicu Valcea is set to build a photovoltaic (PV) park of nearly 200,000 square meters in Mehedinti County, in the Izvoru Barzii commune, for which Libra Internet Bank is granting financing of EUR8 million, the lender said on Friday (June 9).

Private medical clinics chain Regina Maria has acquired 51% in dental clinic chain Dr. Leahu, sources on the capital market told Ziarul Financiar (ZF) daily.

The Romanian State and nuclear power producer Nuclearelectrica on Friday (June 9) signed a support agreement for the development of the National Strategic Project Units 3 and 4 at the Cernavoda nuclear power plant.

Romania's trade balance posted a deficit of EUR8.85 billion in January-April 2023, lower by 11.8% compared with January-April 2022, data from the country's statistics board INS showed on Friday (April 9).

Romania lending institutions in the first quarter of 2023 tightened lending standards for all loan categories amid expectations about the overall economic situation, monetary or macroprudential policy decisions and the current or expected situation of bank capital, reveals Romania central bank’s quarterly survey.

Tesla Motors Romania, the company Tesla uses to sell cars in Romania, posted almost RON267 million (EUR53 million) sales in 2022, Finance Ministry data show. Last year was Tesla’s first full year in business in Romania.

SoftOne Romania, the local subsidiary of Greek software solution provider of the same name, has acquired the company QBS Retail & Logistics based in Brasov (central Romania).

US-held paint producer PPG Romania posted RON357 million revenue in 2022, following a 17% increase in sales, while profit went up, as well, to more than RON50 million and the average number of employees remained at about 385, the latest data on the Finance Ministry website show.

Romania's Finance Ministry raised RON2.6 billion from banks on Thursday (June 8), selling government paper maturing in 2038, at an annual average yield of 7.04%.

UniCredit Bank has participated, alongside other banks in Romania, to the granting of a syndicated loan worth a total EUR250 million to RCS-RDS Group.

Gebrüder Weiss Romania, one of the leading players on the local transport and logistics solutions market, has started the construction of a new logistics hub in Popesti Leordeni, in the south-eastern part of Bucharest, and the investment reaches EUR20 million.