Romania Feed

The Romanian leu collapsed to a new all-time low against the euro on Wednesday (September 22), as the central bank average reference rate stood at 4.9495 lei to the European currency.

Black Sea Oil & Gas (BSOG), together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus Dacia SRL, on Wednesday announced the installation of the Ana natural gas production platform, the first offshore platform built and installed in Romania in the past 30 years.

Fitbit, part of US giant Google, which has a software development team on the local market, has officially launched in Romania the new health monitoring and physical activity of the Charge range- Charge 5, which will be available as of September 27, 2021.

Connections Consult, a company founded in 2005 and specialized in providing software and IT services, listed its shares on the AeRO market of the Bucharest Stock Exchange, on Sept 22, 2021, under the ticker symbol CC.

Construction company Masterbuild - General Contractor & Developer announces the start of works on the new Research Center in Green Aerospace Technologies – “TGA Technologies for Green Aviation” in Craiova, a total investment worth over EUR17 million, co-funded via the European Regional Development Fund, coordinated by the National Institute for Aerospace Research “Elie Carafoli” (I.N.C.A.S.).

Investments Coca-Cola group made in Romania in 2020-2021 in new products, production capacity expansion or sustainable packaging amounted to EUR35 million, according to the company’s representatives.

Dedeman, Leroy Merlin, MAM Bricolaj, Brick Romania are just a few of the DIY retailers to announce they’ve put Brasov on their expansion list for the coming period.

Private Maternity Hospital Euromaterna, the biggest private maternity unit of Dobrogea, hit turnover worth RON36 million last year, 6% higher year-on-year, and went beyond the threshold of 1,500 births annually.

The over 1,700 foreign tourists who came to Romania for medical treatments in the first six months of this year spent around RON10 million, meaning each tourist spend about RON6,000, according to ZF calculations based on National Statistics Institute data.

Airbag producer GST Automotive Safety Ro, the domestic subsidiary of Germany’s Global Safety Textiles acquired in 2011 by South Korea’s Hyosung, in 2020 generated turnover worth RON66.8 million (EUR13.8 million), down 33% from the previous year, in line with Finance Ministry data.

Rubitech Romania, the domestic arm of Dutch group Rubitech, a supplier of aluminum die castings, for 2020 reported turnover of above RON27.1 million (EUR5.6 million), 23.5% higher than in 2019, according to ZF calculations based on Finance Ministry data.

Passenger road transportation company CDI Transport Intern si International, controlled by businessman Ion Comusi, in 2020 generated turnover worth RON20 million, half the previous year level, and reduced its headcount.

Hipic Prod Impex in Sibiu County, controlled by fashion group Prada, will invest EUR19 million in a new plant in Romania and create more than 330 jobs.

Furniture manufacturer Artemob International posted RON121 million (EUR25.1 million) revenue in 2020, a decrease of 15.5% year-on-year, ZF has calculated from Finance Ministry data.

Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project.

The Avram Iancu international airport in Cluj-Napoca carried its 1,000,000th passenger on Tuesday, Sept 21, 2021.

The shares of Connections Consult, a Romanian company founded in 2005 and specialized in providing software and IT services, will start trading on the AeRO market of the Bucharest Stock Exchange under the ticker symbol CC, on Wednesday, September 22, 2021.

French Accor Group continues the expansion of the ibis Styles brand in Romania, by opening a hotel in Brasov, held by Kronstadt Hotel and operated via a management contract.

Andreea Cosmanescu was appointed interim administrator of regional investment fund SIF Oltenia (SIF5.RO), effective September 15, 2021.

Mercedes-Benz Trucks&Buses Romania will deliver 40 eco-friendly buses, running with compressed natural gas, to Sibiu City Hall, under a contract worth RON77 million (EUR15.7 million).