Category: Uncategorized

Romania’s retail sales index gained momentum to 9.7% y/y in Q2 after the already robust 6.4% y/y advance in Q1 and confirmed private consumption’s leading role in the country’s economic growth this year. Retail sales had gradually lost momentum from 10.2% y/y in 2021 (post-COVID revenge buying) to 4.5% y/y in 2022 and 1.6% y/y…

Greek utility company PPC, already active in Romania’s supply and distribution markets and planning investments in renewable energy capacities, announced that it has entered into a binding agreement with Evryo Group, owned by funds managed by Macquarie Asset Management, to acquire its 629 MW renewable energy generation portfolio in Romania.  The portfolio includes mainly wind…

The Bucharest public transportation company STB sold over 23 million tickets and 1.2 million subscriptions in the first six months of 2024, an increase compared to the same period last year. Specifically, compared to the first six months of 2023, there was an 8% increase in the sale of tickets and a 4% increase in…

The National Bucharest Airports Company is set to initiate modernization works on the passenger terminals at Henri Coandă International Airport in Bucharest, which will include upgrading the air conditioning system.  The company that administers the airport announced the signing of the contract for the design, technical assistance, and execution of works for the modernization of…

Romanian gymnast Ana Bărbosu, who took part in the floor exercise final at the Paris 2024 Olympic Games, lost her spot on the podium after American gymnast Jordan Chiles filed a challenge. Similarly, gymnast Sabrina Maneca-Voinea, who took part in the same event, was penalized by the judges, who pushed her into fifth place, despite…

The Italian manufacturer of household appliances De’Longhi inaugurated on August 5 its third production facility in Romania, in Satu Mare. In Romania, the company also has plants in Jucu, in Cluj county, and in Salonta, in Bihor county. The Satu Mare plant, which covers an area of ​​52,000 sqm, will produce automatic coffee machines. The…

In the first half of 2024, Altexpress reported a significant 44% increase in sales activity compared to the same period last year, reporting a mid-year turnover of EUR 1.08 mln, along with an EBITDA of 6%. This growth has been driven by the acceleration of e-fulfillment and courier services across key markets, including Romania, Bulgaria,…

The most renowned non-sporting competition in the European automotive industry, Car of the Year, has announced the list of eligible cars for the 2025 edition. Among the contenders is the Dacia Duster, a SUV produced in Romania.  The winner of the competition will be announced next year. However, the Duster still has to pass two…

Endava (NYSE ‘DAVA’), a global provider of digital transformation, agile development, and intelligent automation services, announces a strategic deal with OpenAI to deploy ChatGPT Enterprise licenses to all of its 11,000+ global employees. The collaboration marks a significant step forward in Endava’s commitment to leveraging cutting-edge AI technology to drive results for its customers. The…

DRS-Architects, one of the leading local architecture firms with a portfolio that includes numerous commercial centers, residential spaces, hospitality projects, and urban regeneration solutions, concluded the first half of 2024 with a turnover of approximately 500,000 euros. This growth places the company on the projected development path, aiming for an annual turnover of 1 million…