Romania Unemployment Rate Edges Down To 5.3% Month-On-Month In November 2024
yesterday, 14:01
Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point than 5.4% recorded in October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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Fuel Supplier Artoil Projects 10% Higher Turnover in 2024
11.18.2024
Timisoara-based fuel supplier Artoil, controlled by entrepreneurs Alexandra and Alex Bunceanu, expects to end 2024 with 10% higher turnover than in... more
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Brewer Bermas Sees 9M 2024 Profit almost Double YOY
11.18.2024
Suceava-based brewer Bermas reported RON2.7 million net profit in the first nine months of 2024, almost double the year-earlier level, amid RON34.2... more
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EnergoNuclear Signs Contract With FCSA Joint Venture For Development Of Units 3 And 4 In Cernavoda
11.15.2024
EnergoNuclear, a Nuclearelectrica fully owned subsidiary, and FCSA Joint Venture comprised of Fluor B.V., Fluor Energy Transition Inc. Wilmington... more
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Fondul Proprietatea Makes RON210M Net Profit In Jan-Sep 2024
11.15.2024
Fondul Proprietatea (FP.RO) ended the first nine months of 2024 with RON209.6 million net profit, compared with a loss of RON968.9 million in the... more
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Compa Sibiu Profit Halves To RON5M, Revenue Down 20% In 9M 2024
11.15.2024
Auto parts maker Compa Sibiu (CMP.RO) posted net profit of just over RON5 million in January-September 2024, down to half of the year-ago... more
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THR Marea Neagra Posts RON9.1M Net Profit, RON23M Revenue In 9M 2024
11.15.2024
THR Marea Neagra (EFO.RO), which manages several hotels on the Romanian Black Sea coast, posted RON9.1 million net profit in the first nine months... more
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European Commission Slashes 2024 Economic Growth Forecast For Romania From 3.3% To 1.4%
11.15.2024
The European Commission has slashed its real GDP growth forecast for Romania to 1.4% in 2024 from the 3.3% estimated in the spring, the EC said on... more
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Banca Transilvania’s Long-Term Deposit And Issuer Rating Outlook From Moody’s Changed From Stable To Positive
11.15.2024
Moody's Ratings has today affirmed the Baa2 long- and short-term deposit ratings and the Baa3 long- and short-term issuer ratings of Banca... more
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Purcari Group Posts 4% Growth In Revenue To RON262M In Jan-Sep 2024
11.15.2024
Winemaker Purcari (WINE) posted RON262 million revenue in the first nine months of 2024, an increase of 4% year-on-year, while the net profit went... more
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Hidroelectrica’s Net Profit And Revenue Shrink In Jan-Sep 2024
11.15.2024
Hidroelectrica (H2O.RO), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, ended the first... more
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Three-Month ROBOR Climbs to 5.58%/Year on Nov 15 After Staying Flat at 5.55% For Two Months
11.15.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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ROCA Industry Steps into the Black in Jan-Sept 2024
11.15.2024
ROCA Industry, a Romanian holding specializing in building materials production, for January-September 2024 reported RON12.5 million net profit at... more
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Furniture Maker Taparo Goes Insolvent
11.15.2024
Taparo, a Maramures-based furniture manufacturer, has entered insolvency, in line with a decision by Maramures Tribunal. more
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Romcarbon Switches to Losses in First Three Quarters of 2024
11.15.2024
Plastic packaging producer Romcarbon in the first nine months of 2024 logged RON4 million losses at an individual level, from RON5.3 million profit... more
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MedLife 9M 2024 Revenues Near RON2B; Net Profit Reaches RON20M
11.15.2024
Private healthcare company MedLife posted RON1.98 billion operating revenues in the first nine months of 2024, up from RON1.64 billion in Jan-Sept... more
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IAR Brasov Sees 9M 2024 Net Profit Slide almost 60%. Turnover Drops 18%
11.15.2024
IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded RON15 million net profit in the first nine months of... more
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Antibiotice Iasi Ends Jan-Sept 2024 with RON511M Revenues, Up 7%. Net Profit Rises 15% To RON88M
11.15.2024
Romanian drug manufacturer Antibiotice Iasi, in which the Romanian state hold 53%, registered RON511 million revenues in the first nine months of... more
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Romgaz Reports RON5.6B Turnover for Jan-Sept 2024, Down 17%. Net Profit Hits RON2.3B
11.15.2024
State-owned Romgaz, a natural gas producer and supplier, reported RON5.6 billion turnover for the first nine months of 2024, down 17% from the... more
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Sphera Group 9M 2024 Revenues Up 6.4% YOY To RON1.1B; Profit Rises 66% To RON71.4M
11.15.2024
Sphera Franchise Group, the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, ended the first nine months of 2024 with... more
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Kandia Dulce Expects 17% Higher Turnover in 2024
11.15.2024
Kandia Dulce, Romania’s largest chocolate producer, expects to end 2024 with turnover of around RON268 million, up 17% from 2023. 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.