Romania Feed

Cooking equipment retailer Kitchen Shop will grow to 19 stores after opening its second store in Hungary. The other 17 offline stores are in Romania.

Romanian President Klaus Iohannis on Monday designated USR member Dacian Ciolos for prime minister.

The shareholders of Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group, have reached an agreement with automotive parts wholesaler Augsburg International (AL) to buy 51% in it.

Romania's finance ministry on Monday raised 400 million lei (EUR80.8 million) selling bonds maturing in October 2027 at an average yield of 4.49%, central bank data showed.

Gross wages in private companies in Romania are expected to increase by an average of 8.11% in 2022, after rising by 8.94% in 2020, according to PayWell 2021 survey on salaries and benefits conducted by PwC Romania.

Romania manufactured 315.115 vehicles in the first nine months of 2021, data from the country's carmakers association ACAROM showed Monday.

Software solutions provider Life is Hard (LIH) has signed an EU financing contract which targets investments in developing the 24Broker brokerage platform. Investments are based on big data and are worth a total RON14.8 million, of which RON10.1 million is non-reimbursable funding, per data from the company’s representatives.

The Bucharest Stock Exchange on Monday launched the first index for the AeRO market, called BET AeRO, which includes representative companies from this market.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, started the week of October 11-15 slightly higher at 2.11% a year on Monday (October 11), from 2.10% on Friday (October 8).

Romania's trade balance posted a deficit of EUR14.6 billion in January-August 2021, higher by EUR3 billion compared with the first eight months of 2020, data from the country's statistics board showed Monday.

Real estate group Maurer, with projects underway in Brasov, Constanta, Cluj, Mures and Sighisoara, has borrowed RON136 million from CEC Bank and Libra Bank to support its expansion strategy on the domestic housing market.

Romania's gross domestic product (GDP) grew 13.9% in real terms (in unadjusted data) in the second quarter of 2021 compared with the second quarter of 2020, data from the country’s statistics board showed Monday.

Over the last five years, German-held retailer Lidl has facilitated exports worth above EUR164 million for Romanian products towards European markets, with the retailer collaborating with 400 suppliers on the local market.

Romania's gross domestic product (GDP) grew 4.2% in real terms in 2019 compared with 2018, final data from the country's statistics board INS confirmed Monday.

Dumagas, one of the largest freight carriers in Romania, controlled by investment fund Bancroft, estimates it will end 2021 with turnover worth EUR32 million from EUR42 million last year, according to the company’s head.

Italian fashion group Prada, a major player in the luxury industry, is building a new, 11,000-sqm, plant in Romania, due to be finalized next year.

Paper producer Pehart Tec Grup, controlled by private equity fund Abris Capital, posted net profit worth RON79.3 million (EUR16.5 million), triple the 2019 figure.

Dental clinic chain Dr. Leahu plans to list on the Bucharest Stock Exchange (BSE) after hitting targets included in the agreement sealed with private equity fund Morphosis Capital that entered the company’s shareholding structure last year, said Ionut Leahu, CEO and founder of the network.

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Kinderpedia, a digital communication and management solution for schools and kindergartens, raised EUR1.8 million in a funding round led by Early Game Ventures (EGV), with the participation of existing investors, namely, RocaX, Growceanu and business angels.