Romania Unemployment Rate At 5.3% Month-On-Month In November 2024
today, 14:01
Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point compared to October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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Zara Closes Store In Bucuresti Mall After Almost 15 Years
10.01.2024
Fashion brand Zara, held by Spanish group Inditex of billionaire Amancio Ortega, has closed its store within the Bucuresti Mall shopping center. more
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Jumbo To Open Its First Store In Cluj
10.01.2024
Greek toy and interior decoration retailer Jumbo will be opening its first store in the city of Cluj, within the future Rivus shopping center... more
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Competition Council Slaps OKI Europe Limited With RON3.35M Fine
10.01.2024
Romania's Competition Council fined the peripheral equipment manufacturer OKI Europe Limited a total RON3.35 million for limiting exports and... more
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RetuRO Opens 7th Regional Center For DRS Packaging Collection, In Prahova County
10.01.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its 7th... more
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Alexandru Dincovici Takes Over As General Manager Of Romanian Business Leaders Foundation
10.01.2024
Alexandru Dincovici, with a vast experience in research both in the private and in the academic sectors, took over the position of general manager... more
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Romania Forex Reserves Rise To EUR65.77B In September 2024
10.01.2024
Romania's foreign exchange reserves increased by EUR2.5 billion over the course of September 2024, up to EUR65.77 billion at the end of the month,... more
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Alfa Group Acquires The Bulk Of Iride Park Project In Northern Bucharest
10.01.2024
Alfa Group, through the company Iride Development, has acquired from CPI Romania the largest part of the IRIDE Park project, the related logistics... more
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Aliant Buys 67% In SoftPepper
10.01.2024
Romanian company Aliant, an integrator of IT solutions and provider of Hyper Automation and Managed Print Services solutions, announces the... more
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Swiss Energy Company MET Partners Up With Celsius To Expand Activities On LNG Segment
10.01.2024
MET Group, a Swiss-based European energy company with activities in natural gas, and power markets, focused on multi-commodity wholesale, trading... more
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KPMG Romania And Moldova Announce Promotion Of Several Professionals To Roles Of Partner and Associate Partner
10.01.2024
KPMG Romania and Moldova announced the promotion of Andreea Niculae, Ioana Zenaida Rizea-Popp, Irina Rubeli and Mihaela Ionescu to the role of... more
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RoPower Nuclear Gets $99M from Export-Import Bank of USA To Develop SMR Project
10.01.2024
RoPower Nuclear SA, the project company for the development of small modular reactors (SMRs) in Romania on the site of the former coal-fired... more
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Teilor Holding Readies RON40M Bond Issue on Bucharest Stock Exchange
10.01.2024
Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, is readying to raise funding on the Bucharest Stock Exchange via a... more
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First Bank Becomes 15th Bank in Romania Banking System To Add Instant Payment Services to Portfolio
10.01.2024
First Bank, part of Intesa Sanpaolo Group, has broadened its portfolio with the Instant Payments service developed by TRANSFOND, allowing for the... more
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MedLife Completes Antares Clinic Acquisition
10.01.2024
Private healthcare company MedLife has completed the acquisition of Antares Clinic group, which owns three units in Piatra Neamt, Botosani and... more
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Romanian Footwear Retailer Benvenuti Reopens Vivo! Cluj-Napoca Store, Reaches 54-Unit Nationwide Network
10.01.2024
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, has reopened the store of shopping center Vivo! Cluj-Napoca in a new... more
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Raffaello Shoes Factory Posts 15-Fold Profit Increase in 2023, To RON13.3M
10.01.2024
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2023 registered turnover worth RON315.1 million... more
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Spirits Producer Prodal 94 Reports RON192.7M Turnover in 2023, Up 9.8% YOY
10.01.2024
Prodal 94, a major spirits producer on the Romanian market, ended 2023 with turnover worth around RON192.7 million (around EUR39 million), 9.8%... more
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Heraeus 2023 Turnover Up 15.8% To RON458.8M
10.01.2024
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, in 2023 registered turnover worth... more
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Entrepreneur Mihai Simiuc Relaunches FruFru Brand
10.01.2024
Entrepreneur Mihai Simiuc is relaunching healthy food brand FruFru, which he bought back this year from Anglo-Dutch giant Unilever, and is... more
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Joysonquin Automotive Systems Romania Switches Back to Profit in 2023
10.01.2024
Car parts manufacturer Joysonquin Automotive Systems Romania, the local subsidiary of China’s Joyson, for 2023 reported turnover worth RON739.7... 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.