Romania Feed

The average net salary in Romania grew 0.4% in nominal terms in April 2021 compared with March 2021, to 3,561 lei (around EUR723), data from the country's statistics board showed Friday.

Romania's annual inflation rate grew to 3.8% in May 2021, higher by 0.5% from 3.2% in April 2021, data from the country's statistics board showed Friday.

Pharmaceutical producer Antibiotice budgeted RON93 million investments for 2021, RON10 million more than in 2020, mainly to develop new facilities at its plant in Iasi.

Arad-based freight carrier International Alexander posted RON432 million revenue in 2020, 7% more than the RON402 million of 2019, Finance Ministry data show.

Olimpias Mfg. Romania (formerly Benrom) of Italy’s fashion group Benetton has only six employees left and RON1.5 million revenue.

Construction material wholesaler Temad Brasov ended the first quarter with better than expected results.

Evergent Investments (EVER.RO), formerly SIF Moldova, said Thursday it was starting paying dividends from last year's earnings on Friday, June 11.

The turnover of the hospitality industry in Romania dropped 35% in 2020, to RON17.9 billion, due t pandemic restrictions, while the total losses of all companies in the industry tripled to RON2.3 billion, from RON710 million 2019, a report by the Termene platform showed Thursday.

Each euro invested in the medical subscription market generates an additional 3 euros in added value to the Romanian economy, a study by EY Romania concluded.

Romania's finance ministry on Thursday raised a planned 600 million lei (EUR121.9 million) selling bonds maturing in January 2028 at an average yield of 3%, central bank data showed.

Shares of Transport Trade Services (TTS), the biggest freight transporter on the Danube which closed an IPO last week, will start trading on the Bucharest Stock Exchange on June 14.

Romanian airline Blue Air will be operating 17 weekly flights towards five destinations in Greece this summer, namely, from capital Bucharest to Athens, Heraklion, Rhodes, Mykonos and Zakynthos and from Bacau to Athens.

Appraisal & Valuation, the holder of the NAI Romania brand, active on the appraisal market, is readying its listing on the Bucharest Stock Exchange, aiming to speed up its business growth, including through mergers and acquisitions (M&A).

Paval Holding, the investment vehicle held by brothers Dragos and Adrian Paval, the founders of do-it-yourself store chain Dedeman, has acquired a 5% ownership stake in Romanian engineering and technology entrepreneurial company Simtel Team.

Investors on the Bucharest Stock Exchange stepped up their trading activity in May and the average daily value of transactions with all types of financial instruments doubled compared with April.

IT Genetics, one of the largest providers of hardware and software solutions on the DC/POS (data collection and points of sale) market, on Thursday said it launched the WMS (Warehouse Management System)-type digital platform Planograma aimed at centralizing, streamlining and automating the logistics, storage, courier, distribution and production operations.

Biopharmaceutical company Bristol Myers Squibb Romania has signed a five-year lease extension for its 1,200 square meters of office space in Austrian office developer CA Immo's Europe House, located in the central business district of Bucharest.

Real estate consultancy company JLL Romania has recruited Corina Vladau for the position of Workplace Strategy Director, and Adriana Andrei for the position of Senior Architect within its Tetris Design & Build division.

HAVI Logistics, one of the largest transports and logistics companies in Romania and one of the world’s largest operators for brands in the industry of fast food restaurants and convenience food, will be opening a distribution center, on a total area of 21,000 square meters, within the Chitila Logistics Hub business park, developed by Globalworth and Global Vision near capital Bucharest.

Romanian shipyard Santierul Naval Orsova (SNO.RO) said Thursday in a stock market announcement that it had concluded two external contracts worth EUR5.2 million for the construction of two river vessels to be delivered to The Netherlands.