Romania Feed

Antibiotice Iasi (ATB.RO), Romania’s largest producer of generic drugs, on Wednesday notified the Bucharest Stock Exchange of having received RON4.08 million from the Ministry of European Investment and Projects to build a 2.5 MW photovoltaic park.

Dental clinic chain Dr. Leahu ended 2022 with cumulative revenue of RON132 million, up 31% versus 2021, and 169 dental offices in 19 clinics across 13 towns and cities.

Deloitte Romania is expanding its management team by promoting Andrei Cozachevici and Razvan Ungureanu to the position of Audit and Assurance Partners, and Marius Vasilescu to the position of Partner in the Financial Advisory Practice, starting June 2023.

Dona Group, which includes the pharmacy chain of the same name and pharmaceutical distributor Dona Logistica, ended 2022 with a turnover of RON2.8 billion, up 18% on the year, as per data provided by the company for "The largest players in the economy" yearbook released by Ziarul Financiar (ZF) daily.

Greek toy retailer Jumbo, which has 16 stores in Romania's largest cities, ended 2022 with sales of RON995 million on the local market, up 10% versus 2021, as per publicly available data from the finance ministry.

TotalSoft, one of the largest software developers in Romania, saw a significant rise in sales in the first quarter of 2023, the company said in a release.

Lender Banca Transilvania forecasts an increase of 2.9% in private consumption in 2023 and of 4.8% in 2024 and 2025, respectively, in parallel with an average inflation rate of 9.3% in 2023, on the harmonized index of consumer prices (HICP), and of 4.4% in 2024.

The International Energy Agency (IEA) is bringing together global energy and climate leaders in France this week for a major ministerial meeting on energy efficiency, with new IEA analysis showing that the world needs to double progress on efficiency between now and 2030 as part of efforts to improve energy security and affordability while keeping the goal of limiting global warming to 1.5 °C within reach.

Romania's hourly labor costs adjusted to the number of working days increased by 2.29% in the first quarter of 2023 compared to the fourth quarter of 2022, in line with data from the country's statistics board INS.

Romania's total monthly average income was RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, higher by 13.8% and by 14.8%, respectively, compared to 2021, in line with data from the country's statistics board INS.

Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, grew by 19.9% in April 2023 to 894,300 compared to April 2022 and overnight stays grew 18.7% on the year, the statistics institute INS said on Wednesday (June 7).

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, remained flat at the start of June at 6.55% a year on Tuesday, June 6, central bank data show.

Intesa Sanpaolo Romania, the local subsidiary of Italy’s banking group by the same name, posted EUR2 million net profit in the first quarter of 2023, a report of its parent group shows.

Carmo-Lact Prod (Bistrita-Nasaud), which makes the Monor dairy products, posted RON209.4 million (EUR42.2 million) revenue in 2022, an increase of more than 32% on the previous year, ZF has calculated from Finance Ministry data.

Hotel company Aro-Palace (ARO.RO) has informed the local capital market of a sealed-bid auction for the sale of the Coroana-Postavarul hotel in Brasov (central Romania).

Bogdan Speteanu, former CEO of BCR Leasing, and Mircea Dihel, former CEO of Tiriac Leasing, are developing a mobility-as-a-service (MaaS) platform, that will offer operating leasing services to individuals, self-employed and small companies on a monthly subscription basis, the co-founders of start-up MOOV Leasing said in a statement.

New car registrations in Romania increased by 27% on the year to a total 60,472 units in January-May 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (June 6).

Two contracts have been signed for the modernization of electricity distribution networks and the beneficiary is Distributie Energie Electrica Romania, according to Energy Minister Virgil Popescu.

Rompetrol Downstream, the retail division of KMG International Group in Romania, has opened two new services centers on the A1 highway (the Nadlac – Sibiu road section), near the locality of Giarmata (Timis County), following an investment of $6.5 million.

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) decreased by 1.6% in unadjusted data and by 1.5% when adjusted for seasonality and number of working days, in April 2023 compared to April 2022, data from the country’s statistics institute INS showed on Tuesday (June 6).