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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Forvis Mazars Promotes Liviu Gheorghiu To Tax Partner Within Its Romanian Team
09.09.2024
Liviu Gheorghiu was promoted to the position of Tax Partner within the Romanian management team of Forvis Mazars, an internationally integrated... more
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Jovan Radosavljevic Joins CTP As Managing Director For Romania
09.09.2024
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has appointed... more
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Romania’s Trade Deficit Widens 15.6% YoY To EUR18B In January-July 2024
09.09.2024
Romania's trade balance posted a deficit of EUR18.03 billion in January-July 2024, higher by 15.6% compared to the same period of 2023, data from... more
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Deloitte: Seven In Ten Organizations Adopt Marketing Technologies, Including Gen AI
09.09.2024
Organizations embrace marketing technologies (martech), as seven out of ten (75%) marketers say that they are using them, according to the latest... more
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Tech Company 2Performant Buys Profitshare Romania and Bulgaria Operations for RON4M
09.09.2024
Tech company 2Performant Network, the biggest player on Romania’s affiliate marketing market, has sealed a preliminary agreement for the... more
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Altex Posts 6% Turnover Growth in H1/2024, Expects Same Pace for Entire Year
09.09.2024
Altex, Romania’s largest electro-IT retailer, registered 6% higher turnover in the first half of this year and expects to keep the pace until... more
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Austria’s Baumit Wants to Build New Construction Materials Plant in Bacau County in over RON200M Investment
09.09.2024
Construction materials producer Baumit, owned by an Austrian group, wants to build a new plant in Bacau county. The investment amounts to RON203... more
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City Grill Forecasts 18% Higher Turnover for 2024
09.09.2024
City Grill group, a major player on Romania’s restaurant market, founded by Dragos Petrescu, expects EUR65 million turnover by yearend, 18%... more
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Cybersecurity Company Fort Ends H1/2024 With Lower Net Profit And Revenue
09.06.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first half of 2024 with net profit of RON47,000, lower than RON703,000... more
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Socep Constanta Raises RON29.4M From Investors In Capital Increase
09.06.2024
Port operator Socep Constanta (SOCP.RO) notified the Bucharest Stock Exchange that 293.5 million of the 346.2 million shares offered for the... more
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BCR Revises 2024 Economic Forecast For Romania Downwards
09.06.2024
BCR, the second largest bank in Romania, has revised its 2024 economic growth forecast for the country to 1.9% from 2.6%, as previously stated. The... more
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ING Bank Revises Romania’s 2024 Economic Growth Forecast To 1.3% From 2%
09.06.2024
ING Bank has decided on Friday (Sept 6) to revise its growth forecast for Romania's economy in 2024 to 1.3% from its previous estimate of 2% after... more
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Competition Council Looks Into Takeover Of Intersystems Holding Inc. By A-AG Holdco Ltd
09.06.2024
Romania's Competition Council is assessing the transaction through which A-AG Holdco Ltd intends to acquire Intersystems Holding Inc. and the... more
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New Tezaur Treasury Bills Available As Of Monday, September 9
09.06.2024
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, September 9, the ministry announced on Friday (Sept 6). more
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Te-Rox Prod Enters Into Insolvency
09.06.2024
Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital, has filed a request for the insolvency of its subsidiary in... more
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Statistics Board Confirms Romania's Economic Growth Of Just 0.7% YoY In H1/2024
09.06.2024
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the... more
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Law Firm PeliPartners Assisted Octogon Gas & Logistics Owners in Sale to Nawaf Salameh Family Office
09.06.2024
Law firm PeliPartners has assisted Bogdan Idu and companies of his group in the sale of their entire stake in Octogon Gas & Logistics, the company... more
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Quehenberger 2023 Turnover Slides 9% To RON364.8M
09.06.2024
Quehenberger Logistics Rou, a major player on the transport and logistics market, for 2023 reported turnover of RON364.8 million (EUR73.7 million),... more
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Kastamonu Romania H1/2024 Turnover Flat at EUR70M
09.06.2024
Kastamonu Romania, controlled by Turkey’s Kastamonu Entegre, ended the first half of 2024 with interim turnover of around EUR70 million, flat... more
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Paval Holding and Apex Alliance Buy Five-Star Hotel in Switzerland for EUR70M
09.06.2024
Pavel Holding and Apex Alliance have recently sealed an agreement for the acquisition of Waldhaus Flims Wellness Resort, a five-star hotel compound... 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.