Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
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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Meta Estate Trust Sees Revenues Rise 65% in Jan-Sept 2024, To RON25M. Net Profit Inches Up
11.14.2024
Real estate holding Meta Estate Trust posted RON25.5 million revenues in January-September 2024, 65% above the year-earlier level. more
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Banca Transilvania Convenes Shareholders To Vote on Merger by Absorption with OTP Bank Romania and BT Building
11.14.2024
The board of directors of Banca Transilvania, Romania’s largest lending institution, has convened the Extraordinary General Meeting of... more
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Furniture Maker Elvila Halves Turnover To RON8.2M in 9M 2024; Losses Narrow To RON4.8M
11.14.2024
Furniture maker Elvila, controlled by businessman Viorel Catarama, halved its turnover in the first nine months of 2024 to around RON8.2 million,... more
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Digi Communications Ends Jan-Sept 2024 with EUR1.4B Revenues, EUR435M EBITDA
11.14.2024
Telecom operator Digi Communications reported EUR1.4 billion revenues in the first nine months of 2024, up from EUR1.2 billion, and EBITDA of... more
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Transelectrica Reports RON1.74B Operating Income, Up 16%, and RON410M Net Result on Segment of Activity with Allowed Profit in 9M 2024, Double 2023 Level
11.14.2024
Romania’s national grid company Transelectrica in the first nine months of 2024 regisyered RON1.74 billion operating income, up 16%, mainly due... more
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Nuclearelectrica 9M 2024 Net Profit Down 35% To RON1.2B
11.14.2024
Nuclearelectrica, Romania’s sole nuclear energy producer, ended the first nine months of 2024 with RON3.39 operating income, down 40% from the... more
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WE AS WEB Expects to End 2024 with EUR32M Turnover, EUR5M Net Profit
11.14.2024
Software developer WE AS WEB forecasts it will end 2024 with EUR32 million turnover, up 28% from 2023, and EUR5 million net profit. more
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Medicover Romania Aims to Expand to Major Cities It Is Not Present In, Yet
11.14.2024
Medicover, the third largest private healthcare provider by turnover locally, looks to expand in areas where it is not present in, yet, according... more
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Nuclearelectrica Seeks Shareholder Approval For $98M Loan For Subsidiary Ropower Nuclear
11.13.2024
Ropower Nuclear SA, the project company for the development of small modular reactors in Romania, set up by Nuclearelectrica (SNN.RO) and Nova... more
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Bakery Producer Lidas Sees Revenue Up Almost 50% To RON 163.5M In 2023
11.13.2024
Lidas, a company held by entrepreneur Elena Anastase, which owns an industrial bakery in Mineri, Tulcea County, and its own network of stores,... more
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Survcontrol Agro Revenue Down 17.8% To RON371.9M In 2023
11.13.2024
Survcontrol Agro, a company that sells farm inputs such as seeds and feed, as well as grain, posted RON371.9 million (EUR75.2 million) revenue in... more
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CEC Bank Redeems RON660M Notes On Bucharest Stock Exchange Early
11.13.2024
CEC Bank, the largest state-run lender in Romania, fully owned by the Finance Ministry, has redeemed RON660 million worth of notes listed on the... more
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Alro Slatina Switches To RON127M Profit In January-June 2024
11.13.2024
ALRO, one of the largest vertically integrated aluminium producers in Europe, recorded a net profit of RON126.8 million in January-September 2024,... more
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Bitdefender Posts $391.9M Net Revenue In 2023, 16% Higher YoY
11.13.2024
Bitdefender, one of the most successful IT businesses in Romania, which became a global leader on the market of cybersecurity solutions, posted... more
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Romania's Current Account Deficit Widens To EUR19.7B In January-September 2024
11.13.2024
Romania's current account deficit stood at EUR19.7 billion in January-September 2024, compared with EUR16 billion reported in the same period of... more
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Statistics Board: Romania's Industrial Production Up 14% In September 2024 vs August 2024
11.13.2024
Romania's industrial production increased by 14% in September 2024, in unadjusted data, compared to August 2024, but was down 0.1% . when adjusted... more
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Dendrio Contracts RON5M Loan from ING to Fund the Business
11.13.2024
Dendrio, part of Bittnet group, has contracted a RON5 million credit line from ING Bank to fund working capital and current activities. more
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Oil Terminal Almost Doubles Profit in 9M 2024 To RON45M
11.13.2024
Oil Terminal, the operator of the oil terminal in Constanta harbor, in the first three quarters of 2024 registered RON45.3 million net profit,... more
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Aquila Ends Jan-Sept 2024 with RON2.1M Revenues, Up 20%, RON57M Net Profit, Down 19%
11.13.2024
Aquila, an entrepreneurial FMCG wholesale and logistics company, ended the first nine months of 2024 with RON2.1 billion revenues, up 20%, and... more
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Safetech Innovations 9M 2024 Turnover Up 49% To RON30M, Net Profit Rises 58% To RON9.3M
11.13.2024
Safetech Innovations, a Romanian cybersecurity company, for the first nine months of 2024 reported RON30 million turnover, up 49%, and RON9.3... 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.