Romania Unemployment Rate Edges Down To 5.3% Month-On-Month In November 2024
yesterday, 14:01
Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point than 5.4% recorded in October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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FDI in Romania Real Estate and Construction Field Up by EUR2.1B in 2023
10.10.2024
Foreign direct investments in Romania’s real estate and construction field in 2023 rose by EUR2.1 billion, holding the second biggest weight in... more
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Luther Imobiliare Takes Over and Continues “Fosta Fabrica” Project
10.10.2024
Luther Imobiliare has taken over and will continue “Fosta Fabrica” project, a monument conversion and consolidation and urban regeneration one. more
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Sweden’s WIP Industries Switches to Losses in 2023
10.10.2024
Furniture parts supplier WIP Industries Romania, the local subsidiary of Sweden’s WIP Holding, for 2023 reported turnover worth RON90.8 million... more
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OMV Petrom Hydrocarbon Output Down 5.6% in Q3/2024 Vs Q3/2023
10.10.2024
OMV Petrom, Romania’s main local oil and gas producer, in July-September 2024 reached total hydrocarbon production of 107.2 thousand barrels of... more
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Stonevault 2023 Net Profit Up 26.5% YoY To RON16.1M In 2023
10.09.2024
Stonevault, a Baia Mare-based producer of sofa springs, reported a net profit of RON16.1 million (EUR3.2 million) for 2023, up 26.5% from a net... more
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TeraPlast Group Acquires 70% In Optiplast, The 3rd Largest Flexible Packaging Manufacturer In Croatia
10.09.2024
TeraPlast Group on October 9 announced the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third largest... more
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2.26% In Bucharest Stock Exchange Changes Shareholders For RON10M
10.09.2024
A transaction with 200,000 shares of the Bucharest Stock Exchange, representing 2.26% of the total shares of the local stock exchange, was... more
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SITA Opens Research & Development Center In Cluj-Napoca
10.09.2024
SITA, the world's leading specialist in air transport communications and information technology, has announced the opening of a research and... more
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Control F5 Software 2023 Turnover Up 41% YoY To RON3.9M
10.09.2024
Control F5 Software, a developer of personalized software solutions, ended 2023 with a turnover of over RON3.9 million, up 41% on the year, as per... more
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Intesa Sanpaolo Bank Romania Appoints Alessio Cioni As General Manager And Chief Executive Officer
10.09.2024
Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, Italy's largest banking group, has appointed Alessio Cioni as General... more
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City Grill Takes Over Majority Stake in Cluj Restaurant Chain Marty
10.09.2024
Restaurant group City Grill, controlled by Dragos Petrescu, is taking over the majority stake in restaurant chain Marty, launched by Marcelus Suciu... more
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Footprints AI Has EUR2M Funding Round Underway for International Expansion
10.09.2024
Local startup Footprints AI, which has developed an AI-based Retail Media platform, currently has a funding round totally worth EUR2 million underway. more
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Nhood Romania Aims to Invest EUR100M Locally
10.09.2024
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), is continuing the investment envisaging the... more
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Chimcomplex In Talks for Potential Acquisition of Azomures
10.09.2024
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary... more
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Insolvent Elefant Online's Loss Widens To RON17.7M, Turnover Plunges Three-fold To RON15.8M In H1/2024
10.09.2024
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for... more
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Nuclearelectrica Appoints Daniel Adam As Chief Financial Officer
10.08.2024
Nuclear power producer Nuclearelectrica (stock symbol: SNN), the operator of the power plant in Cernavoda, announced in a stock market report on... more
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Bogdan Lungu Takes Over As New CFO Of Holde Agri Invest
10.08.2024
The management of Holde Agri Invest (stock symbol: HAI), one of the largest farmland operators in Romania, announced in a stock market report on... more
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Norofert Set To Raise Up To RON15M Via Corporate Bonds To Expand Irrigation System And Its Operations In The USA And Brazil
10.08.2024
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest... more
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5 to go Opens Its First Café In The Republic Of Moldova
10.08.2024
Romanian coffee shop chain 5 to go, launched on the local market less than a decade ago, has opened its first café in the Republic of Moldova, in... more
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CITR: Number Of Impact Companies Facing Imminent Insolvency Up 18% In 2024, To Over 8,190
10.08.2024
The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.