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.
-
Biofarm's Net Profit Plunges 17% YoY To RON42M In H1/2024
08.22.2024
Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first half of 2024 with net profit of RON42 million, down 17% from RON50.2... more
-
Cocor Bucuresti Ends H1/2024 With RON2.6M Net Profit, Nearly Threefold Higher YoY
08.22.2024
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, reported net profit of RON2.6 million for the first half... more
-
Vegetable Oil Producer Argus Constanta Borrows RON67M From Banca Transilvania
08.22.2024
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of... more
-
Oil Terminal And Euronova Energies Sign Partnership Agreement For Construction Of Bitumen Terminal In Port of Constanta
08.22.2024
Romanian state-run port operator Oil Terminal (stock symbol: OIL) has announced in a stock market report on August 22 that it signed a partnership... more
-
Anca Luca Takes Over As Chief Growth Officer At InnovX Startup Accelerator
08.22.2024
Anca Luca, who has been a community manager for startups within Banca Comerciala Romana (BCR) over the last years, was recruited by the InnovX... more
-
Alina Iacomi Appointed Chief Operating Officer At ING Italy
08.22.2024
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer... more
-
Deloitte: Back-to-school Spending Likely To Remain Unchanged In 2024
08.22.2024
Back-to-school spending is likely to remain unchanged this year, as 73 percent of parents are concerned about rising prices for everyday purchases,... more
-
Romgaz Sells RON1.5B Worth Of Natural Gas To E.ON Energie Romania
08.22.2024
Romania’s state-owned natural gas producer Romgaz (SNG.RO) announced in a stock market report on Thursday (August 22) the conclusion of a new... more
-
Uniqa Asigurari and Uniqa Asigurari de Viata Report Overall Gross Underwritten Premiums of EUR67M in H1/2024, up 18% YOY; Net Profit Hits EUR8.5M
08.22.2024
Uniqa Asigurari and Uniqa Asigurari de Viata, the local companies part of Austrian group Uniqa, ended the first half of 2024 with cumulated gross... more
-
Cushman & Wakefield: Bucharest Will Boast Biggest New Hotel Supply Growth in CEE Btw 2024-2026
08.22.2024
Bucharest will during the 2024-2026 period register the strongest increase in new hotel spaces among CEE capital cities, with an advance of around... more
-
Winemaker Purcari H1/2024 Turnover Up 3% To RON166M; Net Profit Rises 8% To RON29M
08.22.2024
Winemaker Purcari Wineries in the first half of this year registered RON166 million revenues, up 3%, and RON29 million net profit, 8% above the... more
-
Entrepreneur Silvia Melcescu Aims to Double Turnover of SIVA Uniforms To EUR4M, Eyes International Expansion
08.22.2024
SIVA Uniforms, the main professional outfit plant in Romania, expects turnover to double this year, to EUR4 million, and aims expansion of the... more
-
EBRD, CEECAT Capital and Morphosis Capital Become Majority Stakeholders in La Cocos, Most Powerful Romanian-Held Food Retailer
08.22.2024
The European Bank for Reconstruction and Development (EBRD), CEECAT Capital Fund, a regional private equity fund that works with visionary founders... more
-
IT Solutions Provider Linnify Sees Turnover Rise 12% in 2023, To over RON10M; Profit Drops 43% To RON535,000
08.22.2024
Linnify, a Romanian IT company founded in 2016, saw its turnover top RON10 million (over EUR2 million) in 2023, up more than 12% against 2022. more
-
Door and Window Maker Casa Noastra Earmarks RON1M for Research and Innovation Annually
08.22.2024
Door and window manufacturer Casa Noastra of Dolj county, present on the market with QFort brand, earmarks as much as RON1 million for research,... more
-
Five-Star Marmorosch Hotel In Bucharest Expects At Least 10% Rise In Revenue In 2024
08.22.2024
The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024,... more
-
Oechsler Sees EUR32M Revenue From Its Romanian Plant In 2023
08.21.2024
The manufacturer of plastic parts and subassemblies for the automotive industry Oechsler Romania, the local subsidiary of the German group... more
-
Antibiotice Iasi Export Revenue Doubles In H1 2024 Vs H1 2020
08.21.2024
Antibiotice Iasi (ATB.RO), the largest Romanian-held drug producer, posted RON150 million revenue from exports in the first half of 2024, an... more
-
Bos Automotive Products' 2023 Turnover Drops 5.6% YoY To RON421.6M
08.21.2024
Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, had a turnover of RON421.6 million... more
-
Hungary's Budmil Taps Into Romanian Fashion Market, Opens First Store In Targu-Mures
08.21.2024
Hungarian clothing brand Budmil has entered the Romanian fashion market with the opening of its first store locally, in the town of Targu-Mures,... 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.