Romania's Annual Inflation Rises Slightly To 4.7% In October 2024
yesterday, 14:04
Romania's annual inflation edged higher in October 2024, to 4.7%, compared with 4.6% in September 2024, after being on a downward trend since July 2024, data from the country's statistics board INS showed on Tuesday (Nov 12).
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Pillow And Duvet Maker Meltem Textil Builds New Factory
yesterday, 22:46
Meltem Textil, a company based in Mizil, Prahova County, and held by Mustafa Murat Iplikci and Mehmet Iplikci, has signed the contract via the Just... more
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Simtel Team Sees Revenue And Profit Shrink In Jan-Sep
yesterday, 21:56
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and a national leader in... more
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Top 10 Bucharest Stock Exchange Brokers Handle RON1.7B Worth of Deals In October 2024
yesterday, 21:48
The top 10 brokers present at the Bucharest Stock Exchange, listed depending on the value of deals handled and market share, intermediated... more
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Banca Transilvania To Buy Back Up To 2 Million Shares By End Of 2024
yesterday, 21:27
Banca Transilvania (TLV.RO), the largest lender in Romania, on Tuesday notified the Bucharest Stock Exchange that on November 11, its Board of... more
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Inter Computer Romania Achieves 2024’s EUR3M Revenue Target In Nine Months
yesterday, 20:56
Inter Computer Romania, part of Hungary's Inter Computer Group (IC Group), posted EUR3 million revenue in the first nine months of 2024, achieving... more
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Electromagnetica Calls Shareholders To Vote On Share Repurchase Program
yesterday, 20:35
The Board of Directors of electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) has called its shareholders for a... more
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Transilvania Broker de Asigurare's 9-Month Net Profit Plunges 65% YoY To RON2.2M
yesterday, 19:35
Transilvania Broker de Asigurare (stock symbol: TBK), one of the largest insurance brokers in Romania, recorded a net profit of RON2.2 million for... more
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Nuclearelectrica And Framatome Team Up For Production Of Medical Isotope Lutetium-177 In Romania, Used In Fight Against Cancer
yesterday, 19:20
Nuclear power producer Nuclearelectrica (stock symbol: SNN) and Framatome have announced the signing of a Collaboration Agreement for the... more
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IMMO GURU To List Its Shares At Bucharest Stock Exchange On Nov 14
yesterday, 19:06
The Bucharest Stock Exchange has announced on Nov 12 the official opening of the trading session for the listing of the shares of IMMO GURU, a... more
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Insolvent Meat Processor Angst To Put Up For Sale Several Stores In Bucharest And Ilfov
yesterday, 17:50
Meat processor Angst Ro SRL, which went insolvent in March 2024, will put up for sale five retail spaces from Bucharest and Ilfov, worth a total... more
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Polish Group Buys Pet Stuff, One Of Bucharest’s Largest Veterinary Hospitals
yesterday, 16:29
Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is... more
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Horváth: Global Business Services Market To Grow Further By Up To 10%-15% In Romania Over Next 2-3 Years
yesterday, 15:51
Romania continues to be an attractive destination for Global Business Services (GBS) centers due to factors such as competitive labor costs, access... more
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Romania Average Net Salary Up 1.4% In September 2024 vs August 2024
yesterday, 14:26
The average net salary in Romania increased by 1.4% in nominal terms in September 2024 compared to August 2024, to 5,228 (EUR1,051), data from the... more
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Mecanica Ceahlau Losses Widen To RON4.4M in 9M 2024
yesterday, 11:00
Piatra-Neamt-based farming machinery producer Mecanica Ceahlau ended the first nine months of 2024 with a RON4.4 million loss, almost triple the... more
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Mecanica Fina Steps Into the Red in Jan-Sept 2024
yesterday, 10:31
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, registered RON15.1 million turnover... more
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Turism Felix 9M 2024 Profit Plummets 82% To RON1.7M
yesterday, 10:07
Turism Felix, which manages five hotels in Baile Felix resort of Bihor county, reported RON1.66 million profit for January-September 2024 period,... more
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Carbochim Switches to RON385,000 Losses in 9M 2024 after RON117M Net Profit in 9M 2023
yesterday, 09:44
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, in the first nine months of 2024 posted RON376,664 losses after... more
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Ambulance Maker Deltamed Exports 50% of Production, Seeks New Opportunities in Europe, Middle East, South-East Asia
yesterday, 09:34
Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in... more
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Textile Company Techtex Enters Agreement with Creditors
yesterday, 09:26
Techtex SRL, a company specializing in technical textile production, part of Taparo group, has entered an agreement with creditors. more
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Restaurant Chain Spartan Seeks To Expand Abroad Via Franchisees
11.11.2024
Spartan restaurant chain wants to expand into foreign markets under a franchise system, a model it has already tested in Romania. It has already... 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.