The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.

The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia.
The emerging markets in CE, SE and Eastern Europe include Romania, Poland, Hungary, Turkey, Serbia, Lithuania.

Wednesday, 1 February 2012

Romanian Market News - February 2012

  • Franco-Belgian power operator GDF Suez will build a 48-megawatt wind farm in Romanian eastern locality of Gemenele

  • U.S. carmaker Ford presented the first official pictures of its minivan B-Max to be produced exclusively at its plant in Craiova, southern Romania. It is estimated that 45,000 - 50,000 B-Max vehicles will be built in Craiova in 2012, to be doubled in 2013.
  • Romanian lender Banca Transilvania (TLV.RO) Wednesday reported a preliminary net profit of 131.9 million lei (EUR31 million) for 2011, up 35% on the year, as provisioning costs fell, while net interest revenue was higher.
  • Cigarette producer Philip Morris Romania SRL announced its plan to invest one million EUR in modernizing its plant in Otopeni by installing new energy-efficient colling units.

  • Romanian shoe retailer Il Passo expands with EUR 200,000 store in Craiova. The retailer was set up in 1999 and runs 10 stores in Romania

  • Sales of portable computers (laptops, netbooks, and ultrabooks) rose by 10% to approximately 450,000 units in Romania in 2011 from the 400,000 units sold in 2010.

  • Romanian engineering company Adrem Invest said its sales rose 60% to over 120 million lei (EUR27.5 million) in 2011, fueled by growing business opportunities.
  • Titan Machinery, the largest dealer of farming equipment in the US, which recently entered Romania through the acquisition of Agroexpert Timisoara, chose the local market as its first expansion thanks to its potential and to similarities between the Romanian and the US agriculture. The company aims to sell USD 10 million worth of equipment in Romania in 2012, its first year on the market. Romania is the first European country where Titan Machinery has opened a subsidiary and the company has two sales units in Bucharest and Timisoara.
  • Romanian building materials producer AdePlast Wednesday said its 2011 sales rose 12.5% on the year to 143 million lei (roughly RON33 million), in line with expectations.

  • Genpact Romania, which provides Business Process Outsourcing (BPO) services continues expansion and looks to hire 400 people this year at service centers in Bucharest and Cluj.
Sources: ZF English, Romanian Business Insider

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