New Car Registrations in Romania Up 8% To over 100,000 Units in Jan-August 2024 YOY
yesterday, 09:25
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
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Poland’s Resource Partners Takes Over Majority Stake in Vola.ro
09.02.2024
Resource Partners, a major regional manager of private equity funds, has taken over an 80% stake in Vola.ro, leader of Romania’s online tourism... more
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Purcari Deputy CEO Alex Filip Set to Take Company Reins in January 2025
09.02.2024
Winemaker Purcari has announced Alex Filip, the company’s deputy CEO, will take over as Group CEO starting January 1, 2025. more
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Romania Hotels and Pensions Rake In Record High RON10.8B Revenues in 2023, RON2B Profit
09.02.2024
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the... more
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Farmacia Bajan Reaches 40 Units
09.02.2024
Farmacia Bajan, one of the most powerful local pharmacy networks, added eight new pharmacies in the first half of 2024, reaching a 40-unit network... more
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Agroland Business System Seeks To Raise Up To RON15M From Investors Via Bond Issue
08.30.2024
Entrepreneurial company Agroland Business System (AG.RO) plans to raise funds from investors through a bond issue of up to RON15 million at a... more
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Zentiva Doubles Net Profit To RON143M In H1 2024
08.30.2024
Pharmaceutical producer Zentiva (SCD.RO), 96% held by Zentiva Prague and thus not much traded on the Bucharest Stock Exchange, doubled its net... more
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Arobs Posts 52% Lower Profit In H1 2024
08.30.2024
Entrepreneurial company Arobs Transilvania Software (AROBS.RO), the largest issuer in the IT sector listed on the Bucharest Stock Exchange, ended... more
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TTS Revenue Down 32% To RON300M In H1 2024
08.30.2024
Transport Trade Services (TTS.RO), a freight carrier on the Danube, posted RON298.7 million revenue in the first half of the year, down 32.1%... more
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Romcab Losses Widen To RON61M In H1 2024
08.30.2024
Cable manufacturer Romcab Targu Mures (MCAB.RO) ended the first half of 2024 with a loss of RON61.4 million, up from the RON16.7 million loss of... more
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Autonom Services Sees Profit Up 53% In H1 2024
08.30.2024
Mobility network Autonom Services, held by brothers Marius and Dan Stefan, ended the first half of 2024 with a net profit of RON18.8 million, up... more
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IAR Brasov Ends H1 2024 With 55% Decline In Profit To RON20M
08.30.2024
IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded a net profit of RON20.2 million in the first half of... more
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Farmaceutica Remedia H1/2024 Turnover Rises 24% To RON355M; Profit Down To RON33,000
08.30.2024
Farmaceutica Remedia, a major player on the drug wholesale market, registered RON355.2 million revenues in the first half of 2024, 24% above the... more
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Romania’s Defense Ministry Launches Bill For Acquisition Of 32 F-35 Jets for $6.5B
08.30.2024
Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’... more
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MedLife Sees Profit Triple in H1/2024
08.30.2024
Private healthcare provider MedLife in the first half of 2024 saw its net profit rise threefold, from RON5 million in H1/2023 to RON17.4 million. more
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THR Marea Neagra Posts RON19.3M Revenues in H1/2024, Down 39% from H1/2023. Net Profit Drops 78%
08.30.2024
THR Marea Neagra, which manages several units at the seaside, ended H1/2024 with revenues worth RON19.3 million, down 39% from H1/2023. more
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Libra Internet Bank Ends H1/2024 with RON50M Net Profit, RON11.6B Total Assets
08.30.2024
Libra Internet Bank, part of US investment group New Century Holdings (NCH), in the first half of 2024 registered RON149.5 million net profit, down... more
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Sphera Franchise Group H1/2024 Net Profit Doubles To RON41M
08.30.2024
Sphere Franchise Group, the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, in the first half of 2024 doubled its net... more
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One United Properties Convenes Shareholders to Vote on Interim Dividends, Share Consolidation
08.30.2024
Real estate developer One United Properties, controlled by entrepreneurs Victor Capitanu and Andrei Diaconescu is convening its shareholders for... more
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Laguna Euromob Reports EUR15.5M Turnover for 2023, Down 3.3% YOY
08.30.2024
Furniture manufacturer Laguna Euromob for 2023 reported turnover worth RON76.8 million (EUR15.5 million), down 3.3% from 2022, in line with ZF... more
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Readymix Romania 2023 Turnover Up 7.3% YOY To RON146.3M
08.30.2024
Concrete producer Readymix Romania reported turnover worth RON146.3 million (EUR29.6 million) for 2023, up 7.3% from 2022. 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.