Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
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Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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Chimcomplex In Talks for Potential Acquisition of Azomures
10.09.2024
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary... more
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Insolvent Elefant Online's Loss Widens To RON17.7M, Turnover Plunges Three-fold To RON15.8M In H1/2024
10.09.2024
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for... more
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Nuclearelectrica Appoints Daniel Adam As Chief Financial Officer
10.08.2024
Nuclear power producer Nuclearelectrica (stock symbol: SNN), the operator of the power plant in Cernavoda, announced in a stock market report on... more
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Bogdan Lungu Takes Over As New CFO Of Holde Agri Invest
10.08.2024
The management of Holde Agri Invest (stock symbol: HAI), one of the largest farmland operators in Romania, announced in a stock market report on... more
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Norofert Set To Raise Up To RON15M Via Corporate Bonds To Expand Irrigation System And Its Operations In The USA And Brazil
10.08.2024
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest... more
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5 to go Opens Its First Café In The Republic Of Moldova
10.08.2024
Romanian coffee shop chain 5 to go, launched on the local market less than a decade ago, has opened its first café in the Republic of Moldova, in... more
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CITR: Number Of Impact Companies Facing Imminent Insolvency Up 18% In 2024, To Over 8,190
10.08.2024
The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches... more
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tbi bank, With Operations In Romania Too, Opens Its Own Technology Hub In Türkiye
10.08.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own... more
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Rompetrol Rafinare Invests In Increasing Efficiency Of Strategic Equipment
10.08.2024
Rompetrol Rafinare, a member company of the KMG International group, has announced in a press statement on Oct 8 that it continues to invest in... more
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Competition Council Approves OMV Petrom S.A. Service Outsourcing
10.08.2024
Romania's Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership... more
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JTI Romania Sets Up IT Center in Romania
10.08.2024
Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech... more
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Top Ten Firms Listed CCIR’s National Ranking of Companies Reach EUR270B Combined Turnover in 2023. Operating Profit Tops EUR25B
10.08.2024
The overall turnover of companies holding the top ten spots in the National Ranking of Companies compiled by the Chamber of Commerce and Industry... more
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Real Estate Developer RRG Real Estate Starts First Phase of Lakeside11 Housing Project in EUR60M Investment
10.08.2024
Real estate developer RRG Real Estate Group is starting the first phase of housing project Lakeside11 of Bucharest’s Straulesti area and expects... more
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Lunet Studio Ends H1/2024 with 72% Higher Turnover
10.08.2024
Lunet Studio, a Romanian medical optics company founded by brothers Alexandru and Stefan Gugurel, in the first six months of 2024 registered 72%... more
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OMV Petrom Expands Natural Gas Supply Activities to Bulgaria
10.08.2024
OMV Petrom, the second largest natural gas producer in Romania and the largest integrated energy producer in southeastern Europe, has expanded its... more
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Piatra Design Reaches RON26M Turnover, Seven Showrooms in 2023
10.08.2024
Showroom network Piatra Design has reached seven centers and also invested in e-commerce in 2023. more
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OnePlus: Smartphone Sales in Romania Flat by Volume in Jan-Sept 2024, Up by Value
10.08.2024
In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the... more
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Romconstruct 2023 Turnover Up 4.4% To EUR36M YOY
10.08.2024
Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth... more
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Nexxon Turnover Up 10% YoY To Nearly RON88M In H1/2024
10.07.2024
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and... more
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Purcari Aims To Double Key Operating Metrics By Company’s Bicentenary In 2027
10.07.2024
Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new... 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.