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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Softronic Expects 25% Higher Turnover in 2024
08.30.2024
Craiova-based Softronic, the only manufacturer of electric locomotives and multiple units in Eastern Europe, estimates it will end 2024 with 25%... more
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Business Solution Integrator TOP TECH Slips Into The Red In 2023
08.29.2024
Local company TOP TECH, a business solutions integrator, posted a loss of more than RON1.6 million (EUR334,000) at the end of 2023, from a profit... more
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Metropolitan Life Exceeds 5% In Aquila Part Prod Com
08.29.2024
Aquila Part Prod Com (AQ.RO), an entrepreneurial fast-moving distribution and logistics company, on Thursday evening notified the Bucharest Stock... more
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Sphera Franchise Group Calls Shareholders To Vote On Second Dividend In 2024
08.29.2024
The board of directors of franchise operator Sphera Franchise Group (SFG.RO) has called shareholders for an ordinary general meeting on October 7... more
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E.ON Energie Romania Installed Over 3,500 PV Systems At Residential Customers In Jan-Aug 2024
08.29.2024
E.ON Energie Romania has installed more than 3,500 photovoltaic systems at residential customers in the first eight months of 2024, eight times... more
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Park Properties Sells All Apartments In First Two Buildings Of SunLake Residence
08.29.2024
Park Properties, the developer of SunLake Residence, located on the shores of Lake Fundeni in Bucharest has successfully finalized the sale of all... more
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Cushman & Wakefield Echinox: Romania New Retail Space Deliveries Triple in H1/2024 vs H1/2023
08.29.2024
Deliveries of new retail spaces in Romania in the first half of 2024 totaled 87,400 square meters, significantly up from 30,000 square meters... more
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Meta Estate Trust Generates RON6.3M Profit in H1/2024, Double H1/2023 Level
08.29.2024
Meta Estate Trust, a holding company operating in the real estate field, in the first half of 2024 posted RON6.3 million net profit, double the... more
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Dacia Has New Marketing Director
08.29.2024
Starting September 1, 2024, Mihai Tanase, 38, is the new Marketing Director of Dacia brand in Romania and the Republic of Moldova. He will directly... more
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Premier Energy Reports EUR512M Revenues in H1/2024, Up 10% vs H1/2023. Net Profit Slides 60% To EUR20M
08.29.2024
Premier Energy Group, a producer, distributor and supplier of electricity and distributor and supplier of natural gas, ended the first half of 2024... more
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JYSK Opens Stores in Cluj-Napoca and Bucharest; Reaches 145-Unit Network in Romania
08.29.2024
Scandinavian home furnishings retailer JYSK, continues to expand in Romania and is opening two new stores, in Cluj-Napoca and Bucharest, thus... more
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Strabag Sees 2023 Turnover More than Double To almost RON2.2B YOY
08.29.2024
Austrian builder Strabag ended 2023 with turnover worth almost RON2.2 billion, more than double the previous year, in line with Finance Ministry data. more
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Rasnov Dino Parc Owner Wants to Invest EUR15M in Two Thematic Parks in Sf. Gheorghe and Bucharest
08.29.2024
Adrian Apostu, owner of Dino Parc of Rasnov, Brasov county, is readying another two similar projects, with different thematic, near Bucharest and... more
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Elba Timisoara Sees RON301.9M Revenue, Returns To Profit In 2023
08.28.2024
Timisoara-based lighting fixture and system manufacture Elba, a supplier of automotive lights for such groups as Dacia-Renault and Skoda, posted... more
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Software Developer Systematic Sees Revenue Up 22%, Profit Up 197% In 2023
08.28.2024
Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO... more
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Chimcomplex Calls Shareholders To Vote On Extension Of EUR40M Loan Facility From CEC Bank
08.28.2024
The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among... more
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PwC: Romania Media and Entertainment Market Seen Growing 2.5% in 2024, Region’s Lowest Growth Rate
08.28.2024
Romania media and entertainment market is expected to grow by 2.5% this year, to EUR4.43 billion, with most segments set to register increases, in... more
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Allianz-Tiriac Asigurari Ends H1 2024 With Over RON1.8B Gross Written Premiums
08.28.2024
Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago... more
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Reff & Asociatii and Deloitte Romania Assisted Helinick Founders in Sale to Convergint
08.28.2024
A Reff & Asociatii lawyer team and fiscal experts of Deloitte Romania assisted local company Helinick, operating in the field of electronic... more
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Turbomecanica Rakes in 40% Higher Net Profit in H1/2024
08.28.2024
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in the first six months of 2024 recorded RON8.6... 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.