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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Alin Niculae Buys Iride Offices in EUR45M Deal
08.27.2024
Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, is set to buy Iride Business Park office project of... more
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Carrion Expedition Returns To Profit In 2023
08.26.2024
Carrion Expedition, the Spanish-owned freight forwarding company based in Cluj-Napoca, posted RON97.2 million (EUR19.6 million) revenue in 2023,... more
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Chimcomplex Bids To Take Over Heating Concession In Iasi
08.26.2024
Chemical producer and supplier Chimcomp0lex Borzesti (CRC.RO), which owns two industrial sites in Onesti and Ramnicu Valcea and is one of the... more
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Coca-Cola HBC Romania Appoints Cornel Caramizaru General Manager
08.26.2024
Coca-Cola HBC Romania has appointed Cornel Caramizaru general manager, replacing Jovan Radosavljevic, who has supervised the Romanian operations in... more
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2Performant Sees Revenue Up 18% In H1 2024
08.26.2024
Technology company 2Performant Network (2P.RO), the largest actor on the affiliate marketing market in Romania, posted RON27.9 million operating... more
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Dedeman Launches IT Project DedeTech
08.26.2024
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital... more
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Rituals Arrives In Romania With Its Own Store In September
08.26.2024
Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several... more
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Romania Private Lending Rises 6.8% To RON403B YOY in July 2024
08.26.2024
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of... more
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Affidea Invests EUR8M in Expansion and Equipment in H1/2024
08.26.2024
Affidea Romania, the largest player on the local medical imaging market, operated EUR8 million investments in the first half of 2024. more
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Revolut Gets Beyond 4 Million Retail Client Threshold in Romania
08.26.2024
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second... more
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Romania Will Have 9 Companies Included in the FTSE Global All Cap Indices Starting September
08.26.2024
Romania will have 9 companies included in the FTSE Global All Cap indices starting September after the shares of Transport Trade Services (TTS) are... more
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Several Investment Funds Look to Become 5 To Go Stakeholders
08.26.2024
Several investment funds, including Morphosis Capital, ACP, Booster and Integral Venture, aim to join the shareholding structure of 5 to go,... more
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UniCredit Bank Makes RON947M Consolidated Net Profit In H1, Up 43% YoY
08.23.2024
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the... more
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Competition Council Conducts Unannounced Inspections At Profi Premises And Stores In Timisoara And Bucharest
08.23.2024
Romania's Competition Council has conducted unannounced inspections at the premises and stores of the company Profi Rom Food SRL in the cities of... more
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Tuca Zbarcea & Asociatii Assists La Cocos Founders in Deal with EBRD, CEECAT Capital and Morphosis Capital Fund II
08.23.2024
Law firm Tuca Zbarcea & Asociatii has assisted Romanian entrepreneurs Gianina and Iulian Nica, the founders of food retail chain La Cocos in... more
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EBRD and Two Investment Funds Want to Turn La Cocos into “Unicorn”
08.23.2024
The European Bank for Reconstruction and Development (EBRD) and private equity funds CEECAT Capital Fund and Morphosis Capital Fund II invested... more
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Deloitte Assisted AFI Europe in Buying Bucharest Financial Plaza from Immofinanz
08.23.2024
Deloitte Romania assisted real estate developer AFI Europe in acquiring office building Bucharest Financial Plaza from Immofinanz group. more
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Farmaceutica Remedia Budgets RON14M for Investments in 2024
08.23.2024
Farmaceutica Remedia, a major player on the local drug wholesale market, has earmarked total investments of over RON14 million for 2024. more
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Trans SESE Steps Into The Black In 2023
08.22.2024
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, returned to profit in 2023, with net... more
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Purcari Expands Presence In Dealu Mare With Acquisition Of 51 Hectares Of Vineyards
08.22.2024
Purcari Wineries Public Company Limited (WINE.RO) on Thursday announced its Romanian subsidiary, Crama Ceptura, had performed a strategic asset... 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.