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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Fortim Trusted Advisors: Romanian Investors Clinch Most Commercial Real Estate Deals in 2024 Locally
08.28.2024
The ranking of real estate investors in the local commercial sector is led by Romania ones, who acquired 12 properties, with prices ranging between... more
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Safetech Innovations Reaches RON30.2M Revenues in H1/2024, Up 53%, RON6.1M Net Profit
08.28.2024
Cybersecurity company Safetech Innovations, with offices in Bucharest, London and Abu Dhabi, in the first half of 2024 registered RON30.2 million... more
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One United Properties Reports RON699M Consolidated Turnover, Down 17%, RON228M Net Profit, Up 5% for H1/2024
08.28.2024
Real estate developer One United Properties in the first half of 2024 posted RON699.4 million consolidated turnover, down 17% from H1/2023, and net... more
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Schwarz Global Services 2023 Turnover Up 44% To over RON66.7M
08.28.2024
Schwarz Global Services, the IT company providing digital and business services for Schwarz group (owner of Kaufland and Lidl retail giants)... more
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Trencadis Budgets 30% Turnover Growth for 2024
08.28.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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IPEC Alba Iulia Mulls Relocation Abroad
08.28.2024
Covaciu family is considering moving IPEC Alba Iulia to another country because of recent years’ energy price evolution and the government’s... more
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Salt Bank Sees RON31M Losses In H1 2024
08.27.2024
Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange,... more
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IKEA Plans To Open More Stores In Romania
08.27.2024
IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it... more
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Miele Tehnica Brasov Leases 2,000 Sqm Facility From VGP Park Brasov
08.27.2024
Miele Tehnica Brasov, the subsidiary of Germany’s Miele Group, has leased a 2,000 square meter shed from VGP Brasov to expand its manufacturing... more
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Poland’s Froo Opens 20th Franchised Store In Romania
08.27.2024
Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in... more
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Leoni Loses Stated Aid After Dropping Investment Project In Romania
08.27.2024
Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision... more
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Premier Energy Increases Stake In Subsidiary True Energy Management From 60% To 75%
08.27.2024
Premier Energy (PE.RO), a producer, distributor and supplier of electricity and distributor and supplier of natural gas, has increased its stake in... more
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DN Agrar Reports RON83M Turnover, RON15M Net Profit for H1/2024
08.27.2024
DN Agrar Group, Romania’s largest integrated livestock farm, in H1/2024 registered turnover worth RON83.3 million, up 3.6% from H1/2023. more
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ING Bank Romania Ends H1/2024 with 9.6% Higher Revenues; Gross Profit Down on Turnover Tax
08.27.2024
ING Bank Romania saw its revenues rise 9.6% in the first half of 2024, to RON1.79 billion, supported by the rising number of clients and expansion... more
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Carbochim H1/2024 Slides Below RON250,000; Turnover Down 13%
08.27.2024
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, ended the first half fo 2024 with RON246,422 net profit, from... more
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Agricover Holding Posts RON806M Revenues, RON35M Net Profit in H1/2024
08.27.2024
Agricover Holding, an entrepreneurial agricultural business, reported RON35 million net profit in the first half of 2024, from around RON1 million... more
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Clifford Chance Badea Advises Nofar Energy In Acquisition Of Aviv Renewable Investment
08.27.2024
Clifford Chance Badea advised Nofar Energy, one of the most dynamic renewable energy investors in Romania, in the signing of the agreement for the... more
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Electrica H1/2024 Operating Income Down 29% To RON4.7B
08.27.2024
Electricity supplier and distributor Electrica for the first half of this year reported operating income worth RON4.7 billion, down 29%, and RON102... more
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Tissue Paper Maker Don Pedro Sees 2023 Turnover Rise 11% To over RON250M
08.27.2024
Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, ended 2023 with RON251 million turnover, up 11% from 2002. more
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Paver Maker Elis Pavaje Wants to Build New Plant in Olt County, in RON203M Investment
08.27.2024
Local paver manufacturer Elis Pavaje of Alba county has this year started to expand the plant it has near Ploiesti, in Stoenesti locality, and... 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.