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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Raiffeisen Bank Launches MoonShotX To Support Companies Scale Up Their Businesses Regionally
06.17.2024
Raiffeisen Bank Romania is launching MoonShotX, a project aimed at supporting companies with a turnover between EUR5 million and EUR50 million... more
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Lender BRCI Becomes 13th Bank in Romania to Add Instant Payments Services to Portfolio
06.17.2024
Romanian lender Banca Romana de Credite si Investitii has expanded its services portfolio with the Plati Instant service developed by TRANSFOND,... more
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Fidelis, 17th Edition: Romanians Can Buy Govt Bonds In June 18-28 Period
06.17.2024
Starting June 18 until June 28, retail investors can subscribe Fidelis government bonds at interest rates of 7% for lei and 5% for euro in a new... more
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Oracle Global Services Romania Sees 2023 Turnover Slide almost 16 % To RON518.4M
06.17.2024
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023... more
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Inter Computer Romania Eyes EUR3M Turnover in 2024
06.17.2024
Inter Computer (IC) Romania, the local subsidiary of the Hungarian group of the same name, operating on the tech solutions market, targets EUR3... more
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Fashion Retailer Peek & Cloppenburg Launches Smaller Store Format to Expand to Romania Secondary Cities
06.17.2024
Fashion retailer Peek & Cloppenburg, which operates on the market of large, multibrand-type stores, is launching a smaller format, so as to be able... more
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Albrau Hits RON70.9M Turnover in 2023, Up almost 23% YOY
06.17.2024
Local brewer Albrau registered RON70.9 million turnover in 2023, almost 23% higher than in 2022. more
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Number of Prosumers in Romania Hits 121,000; Likely to Triple by 2030
06.17.2024
While in early 2020 Romania had just 271 prosumers, this exclusivist club has now turned into a significant player in the local energy field. Thus,... more
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Autonom Appoints BRD As Intermediary For Possible Bond Issue At Bucharest Stock Exchange In Q4/2024
06.14.2024
Mobility network Autonom Services, founded by brothers Marius and Dan Stefan, has signed a contract with BRD – Groupe Société Générale S.A.... more
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Premier Energy Buys Two New PV Parks With A Capacity Of 86 MW
06.14.2024
Premier Energy Group, through Alive Renewable Holding Limited and together with Motor Oil Renewable Energy Single Member S.A. (MORE), has acquired... more
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Electroarges Calls Shareholders To Vote On Name Change
06.14.2024
Home appliances and home appliance component maker Electroarges (ELGS.RO) has called shareholders for July 26 to vote on the sale of the stakes the... more
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Grup Serban Holding Reports RON4.5M Net Profit For Q1/2024, Down 15% YoY
06.14.2024
Grup Serban Holding (stock symbol: GSH), a Romanian entrepreneurial company operating in the agribusiness sector, ended the first quarter of 2024... more
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METAV Start EUR40M Residential Development In Pipera, North Of Bucharest
06.14.2024
Real estate developer METAV has started construction of a new residential complex, Bellemonde, in Pipera, north of Bucharest, after securing the... more
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UniCredit Bank Acts As Joint Global Coordinator And Bookrunner In Nearly EUR291M Financing For Rezolv Energy-Low Carbon JV's Wind Energy Project
06.14.2024
UniCredit Bank has completed a syndicated transaction as Joint Global Coordinator and Bookrunner, consisting of a financing package of up to EUR291... more
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Lactalis Closes Dairy Plant In Miercurea Ciuc
06.14.2024
Lactalis Romania group has started the procedures to close the plant in Miercurea Ciuc it got together with Covalact in 2016, but announced... more
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INS: Employment Rate For Working Age Population Hit 64.2% In Q1/2024, Higher By 1.2 Percentage Points vs Q4/2023
06.14.2024
The employment rate for the working age population (15-64 years) was 64.2% in the first quarter of 2024, higher by 1.2 percentage points compared... more
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Romania Average Net Salary Up 0.6% In April 2024 vs March 2024
06.14.2024
The average net salary in Romania edged up 0.6% in nominal terms in April 2024 compared to March 2024, to 5,217 (EUR1,049), data from the country's... more
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Nuclearelectrica Wants to Grant Loan of Up to RON814M to EnergoNuclear Subsidiary for Cernavoda 3 and 4 Reactor Investments
06.14.2024
State-owned Nuclearelectrica, Romania’s sole nuclear power producer, is convening shareholders to approve among others the amendment of the 2024... more
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Statistics Board: Romania's Industrial Production Grows 12.1% YoY In April 2024
06.13.2024
Romania’s industrial production increased by 12.1% in unadjusted data in April 2024 versus April 2023 and by 3.6% when adjusted for seasonality... more
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Pepco Sees Sales Up 11% To Almost RON2.6B In 2023
06.13.2024
Polish-held fashion discounter Pepco, the leader of the fashion market in Romania, ended 2023 with almost RON2.6 billion sales, 11% higher than in... 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.