New Car Registrations in Romania Up 8% To over 100,000 Units in Jan-August 2024 YOY
today, 09:25
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
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Formens' 2023 Turnover Up 3% YoY To RON287M
09.16.2024
Botosani-based suit manufacturer Formens, held by French entrepreneur Losson Gerard Justin Joseph, for 2023 reported a turnover of RON287 million... more
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Prodalcom 2023 Turnover Up 3.2% YoY To RON28M In 2023
09.16.2024
Prodalcom Botosani, the producer of the Voronskaya vodka brand, owned by three Romanian entrepreneurs, ended 2023 with a turnover of RON28 million... more
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Adiss Concludes RON23M Contract To Expand And Rehabilitate Water Treatment Stations
09.16.2024
Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, has announced on Monday (Sept 16) that it concluded a significant... more
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Digi Romania Announces Redemption Of EUR450M Notes Due In 2025
09.16.2024
Telecommunications operator Digi Communications (DIGI.RO) announced that on September 16, its Romanian subsidiary issued a notice of full... more
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Iulius Mall Suceava Starts EUR40M Expansion Process
09.16.2024
Iulius Mall Suceava has begun an expansion process that will result in the largest retail area in the north of Romania, over 60,000 square meters,... more
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Finance Ministry Raises RON500M From Banks On Sept 16
09.16.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 16), selling government paper at an annual average yield of 6.48%. more
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OVES Enterprise: IT Service Budgets Are Nearly 20% Lower Compared To Two Years Ago
09.16.2024
Romania's IT industry, which has seen significant growth until recent years, is now feeling the effects of the global economic crisis; compared to... more
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Romanian Ed-tech Startup Youni Raises EUR1M In New Funding Round To Launch New AI-Based Technology
09.16.2024
Romanian ed-tech start-up Youni, which developed the younichoice.com platform that helps students find the right university abroad, has attracted a... more
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ALD Automotive And LeasePlan To Operate In Romania Under New Name Of Ayvens
09.16.2024
ALD Automotive I LeasePlan launches in Romania, Ayvens, its new global mobility brand, uniting the two companies together under a single common... more
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Kearney: Romanian Clients Are Less Loyal To Traditional Banks Than Their European Peers
09.16.2024
More than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer, but Romanian... more
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Lidl Opens Three New Stores in Bucharest, Sibiu and Rasnov
09.16.2024
German retailer Lidl continues to invest in Romania by opening three new stores in Bucharest, Sibiu and Rasnov, for which 86 new jobs have been... more
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Competition Council Looks into PPC Takeover of Several Romanian Renewable Power Producers
09.16.2024
Romania’s Competition Council is assessing the deal whereby Greece’s Public Power Corporation (PPC) plans to take over local companies Felix... more
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Automobile Dacia Banks on Automation
09.16.2024
Dacia’s Mioveni plant will implement a new car paint process in the coming period, a reason why Renault group has asked for a RON37.5 million... more
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CFA Romania Analysts Forecast 4.95% Inflation Rate for Next 12 Months, See Leu at 5.0735 Units/Euro
09.16.2024
Financial analysts part of CFA Romania Association anticipate a 4.95% inflation rate for the next 12 months (August 2025), higher than they... more
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PwC Assisted US’ Kiteworks in Buying Romanian 123FormBuilder
09.16.2024
A team of deal specialists of PwC Romania has assisted US company Kiteworks in the deal whereby it acquired 123FormBuilder of Timisoara, a... more
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ASA CONS Aims to Invest RON5M in 2024 to Boost Production
09.16.2024
Romanian precast concrete product manufacturer ASA CONS, owned by Consolis group, has budgeted RON5 million investments for 2024 to develop... more
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Paval Holding Looks to Invest on Local Hotel Market
09.16.2024
After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is... more
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INS: Employment Rate For Working Age Population Hit 64.4% In Q2/2024, Higher By 0.2 Percentage Points vs Q1/2024
09.13.2024
In the second quarter of 2024, the employment rate for the working age population (15-64 years) was 64.4%, increasing by 0.2 percentage points... more
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Statistics Board: Romania's Industrial Production Edges 0.2% Higher YoY In July 2024
09.13.2024
Romania’s industrial production inched up 0.2% in unadjusted data in July 2024 versus July 2023 but fell 3.9% when adjusted for seasonality and... more
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Competition Council Approves Acquisition Of More Companies By Vetimex Capital SRL and D Craig Holding SA
09.13.2024
Romania's Competition Council has approved the transaction by which Vetimex Capital SRL and D Craig Holding SA intend to take over Vet HoldCo SRL,... 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.