Romania’s Trade Deficit Widens 17.7% YoY To EUR30B In January-November 2024
today, 14:01
Romania's trade balance posted a deficit of EUR30 billion in January-November 2024, higher by EUR4.51 billion (+17.7%) compared to the same period of 2023, data from the country's statistics board INS showed on Friday (Jan. 10).
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Statistics Board: Romania's Economy Grows 1.2% YoY In Q3/2024 today, 17:36
Romania's economy increased by 1.2% in unadjusted data in the third quarter of 2024, lower than 2.3% growth reported in the same quarter of 2023, a... more
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Statistics Board: Romania Retail Sales Grow 8.7% YoY In January-November 2024 today, 16:38
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.7% in unadjusted data and by 8.1% when... more
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Filip & Company Assists Qemetica Group In Sale Of Assets Related To Soda Ash And Sodium Silicate Production In Romania today, 15:20
Law firm Filip & Company has provided legal assistance to Qemetica, a major player in the European chemical industry, in a complex project... more
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Dental Elite Wants to Expand to New Cities in 2025 today, 10:12
Ciucu family aims to expand stomatology clinic chain Dental Elite with at least two new clinics in 2025, but final investment decisions will be... more
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Savini Due Expects EUR42M Turnover in 2025, Up 20% YOY today, 10:05
Bathroom furniture producer Savini Due, controlled by Italian businessman Piersante Savini, forecasts EUR42 million turnover for 2025, up 20% from... more
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Fraher Group Wants to Turn TU Dairy Plant of Tulcea into Romania’s Biggest Producer of Mature Cheese today, 09:59
Fraher group, controlled by Hertea brothers, wants to expand TU dairy production and become the largest producer of mature cheese in Romania,... more
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Old 3-Room Apartments in Bucharest End 2024 with Strong Price Increase today, 09:52
December 2024 brought a strong price increase on the Bucharest market of old three-room apartments after a year and a half of advances. more
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EXE Software Sees 18% Growth In 2024, Almost Double The Estimates yesterday, 23:25
EXE Software, a Romanian bespoke software development company, saw business growth in 2024 almost double the 10% target set at the beginning of the... more
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International Alexander Conducted Layoffs At Brandl Factory In Sibiu At End Of 2024 yesterday, 22:58
At the end of 2024, a car parts and accessories factory in Sibiu laid off 181 employees, according to data from the Territorial Labor Inspectorate... more
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Softbinator Technologies Signs RON3M Contract With Silicon Valley Client yesterday, 22:26
Softbinator Technologies (stock symbol: CODE), a Romanian provider of full software development services (product management, product design,... more
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Finance Ministry Raises RON1.28B From Banks Via Two Bond Issues On Jan 9 yesterday, 21:55
Romania's Finance Ministry raised RON1.28 billion from banks on Thursday (Jan 9), selling government paper in two auctions, at annual average... more
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Retailer La Cocos To Open Its First Hypermarket In Brasov On Jan 24 yesterday, 21:40
Retailer La Cocos, famous for its low pricing strategy, announces the opening of its first hypermarket in Brasov (central Romania) on January 24. more
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Romgaz Expands Into Supplying Natural Gas To Household And Non-Household Consumers
yesterday, 18:16
The Energy Ministry welcomes the strategic initiative of Romgaz (SNG.RO) to expand its business to supply natural gas to household and... more
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Statistics Board: Romania Housing Permits Up 1.1% YoY In November 2024 yesterday, 18:04
Romanian authorities issued 2,729 residential building permits in November 2024, 13.8% fewer than in October 2024 and 1.1% more than in November... more
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Competition Council Slaps Holcim Romania, Romcim, Heidelberg Materials Romania With RON217M Fine For Price Fixing yesterday, 14:34
Romania's Competition Council fined the companies Holcim Romania S.A., Romcim S.A. and Heidelberg Materials Romania S.A. a total RON217.96 million... more
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Visual Fan Finalizes Four Photovoltaic Projects for Autoliv Romania yesterday, 11:51
Entrepreneurial company Visual Fan, controlled by Lucian Peticila and that owns Allview brand, has completed the implementation of four... more
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SevenX Raises Stake in Holde Agri Invest yesterday, 11:44
Holde Agri Invest, one of Romania’s largest farmland operators, has announced changes in its shareholding structure, as well as the strategy for... more
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Credit Europe Bank Romania Completes Merger with Parent Bank Credit Europe Bank N.V. of Netherlands yesterday, 11:27
Credit Europe Bank has completed the merger process with the Dutch parent bank Credit Europe Bank N.V. and starting January 1 operates in Romania... more
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Mioveni Dacia Plant Readies for Bigster yesterday, 11:14
Presented for the first time internationally in October 2024, at Paris Motor Show, the Dacia Bigster model can be ordered in Romania starting... more
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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... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
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More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
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Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
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Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
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The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
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The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
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Romania 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
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Fiscal 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
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.