12 iun 2024

A total 11,360 housing units were put into use in Romania in the first quarter of 2024, fewer by 3,969 units (-25%) than in the same period of 2023, data from the country’s statistics board INS more

12 iun 2024

IKEA Timisoara, the third store of Sweden's IKEA in Romania, has sold over 4 million products, registered 792,223 sales transactions and over 35,500 online orders in the first 12 months since opening. more

12 iun 2024

The decrease in demand for office spaces in Bucharest after the pandemic period reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, as per an iO Partners more

12 iun 2024

Net investments in Romania’s economy totaled RON34.6 billion in the first quarter of 2024, up 6.7% year-over-year, with new construction works accounting for 53.3% and purchases of machinery, more

12 iun 2024

Nuclearelectrica (SNN) and Canadian Nuclear Partners (CNPSA) have signed a long-term framework agreement to provide Project Management Organization (PMO) services for the preparation and more

12 iun 2024

Households’ average monthly spending on streaming video on demand (SVOD) platforms has increased by almost 30% compared to last year, from 48 to 61 USD, amount which covers an average of four more

12 iun 2024

The number of real estate deals in Romania, which includes houses, lands and apartments, stood at 43,601 in May 2024, lower by 13,598 than in the same period of 2023, data from the national cadaster more

11 iun 2024

Romanian-held logistic and freight forwarding group International Alexander of Arad, the biggest player on this market, ended 2023 with a turnover of RON665.4 million, up nearly 5% year-over-year. more

11 iun 2024

Medical services network MedLife is starting the expansion of its MindCare chain of mental health centers by opening a second unit, in the city of Constanta, after the first unit located in capital more

11 iun 2024

Timisoara-based group of companies IT LASTING, which includes firms LASTING System, LASTING Software and SPHINX IT, reported a combined turnover of over RON246 million (EUR49.5 million) and total net more

11 iun 2024

Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, launched, through the public procurement information system, a procurement procedure for the modernization of more

11 iun 2024

Nearly half (47%) of respondents continue to be optimistic about the future, as per the latest EY Future Consumer Index (FCI), which surveyed more than 23,000 consumers across 30 countries – despite more

11 iun 2024

JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has successfully completed the initial public offering (IPO) carried out at the Bucharest Stock Exchange, through more

11 iun 2024

OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR750 million at Petrobrazi to transform the refinery into the first major producer of sustainable more

11 iun 2024

DB Global Technology, Deutsche Bank’s Bucharest tech center, ended 2023 with a turnover of RON713.4 million, up 34.9% year-over-year, in line with data from the balance sheet submitted by the more

11 iun 2024

VOS Logistics Cargo, the local subsidiary of Dutch group VOS, ended 2023 with a turnover of RON492.2 million (EUR99.5 million), down 3.6% from nearly RON510.6 million (EUR103.5 million) reported in more

11 iun 2024

Telekom Romania Mobile has launched on Monday (June 10) the VoWiFi (Voice over WiFi) service that allows users to make and receive voice calls via a WiFi connection. more

10 iun 2024

Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, reported a turnover of RON1.049 billion (EUR212.1 million) for 2023, up 18.7% from nearly more

10 iun 2024

State-run company Nuclearelectrica (BSE:SNN), Romania’s sole nuclear power producer, and Korea Hydro & Nuclear Power (KHNP) have announced the start of works on the first tritium removal facility in more

10 iun 2024

The cross-border merger by absorption of Credit Europe Bank Romania S.A. into Dutch parent company Credit Europe Bank N. V. was initiated and, after the merger, the former will continue its activities more

10 iun 2024

Forty Management, a Romanian developer of real estate projects with mixed destination and green urban reconversion, has announced that it will inaugurate on June 12 the Lagoon Park Bucharest project, more

10 iun 2024

Romania's Finance Ministry raised RON1.03 billion from banks on Monday (June 10), selling government paper in two auctions, at annual average yields of 6.29% and 6.69%, respectively. more

10 iun 2024

Romania's trade balance posted a deficit of EUR9.3 billion in January-April 2024, higher by 5% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (June more

10 iun 2024

The total monthly average income in Romania stood at RON7,175 per household, in nominal terms, in 2023, representing RON2,872 per person and increasing by 11% and by 11.5%, respectively, compared to more

10 iun 2024

The top 10 brokers present at the Bucharest Stock Exchange, listed depending on the value of deals handled and market share, intermediated operations worth RON14 billion in January-May 2024, against more