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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Celestica Romania Close To RON2B Turnover In 2023
06.13.2024
Celestica Romania, the local subsidiary of Canadian group Celestica, ended 2023 with a turnover of RON1.967 billion (EUR397.8 million), up 19.1%... more
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Electronic Component Maker Plexus Revenue Up 36.2% To Nearly RON1.5B In 2023
06.13.2024
Electronic components manufacturer Plexus Services Ro, the local subsidiary of the US group Plexus, posted RON1.484 billion (EUR300.1 million)... more
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End Of An Era: Dafora Medias Withdraws From Bucharest Stock Exchange
06.13.2024
Drilling company Dafora Medias (DAFR.RO), included on the special watch list of the stock market operator, will withdraw from trading on the... more
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Vertiv Romania's 2023 Turnover Up 11% YoY To Over RON91M
06.13.2024
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, ended 2023 with a turnover of over RON91 million... more
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Rezolv Energy & Low Carbon Secure Funding For Vifor Wind Farm In Buzau County
06.13.2024
Rezolv Energy and Low Carbon, via their project subsidiary First Looks Solution, have received loan facilities of up to EUR291 million to support... more
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Undelucram.ro: 41% Of HR Experts In Romania Back Use Of AI Tools To Make Employees’ Work Easier And Faster
06.13.2024
Nearly 41% of HR specialists in Romania support the use of Artificial Intelligence (AI) tools to make employees’ work easier and save time,... more
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Real Estate Developer Mitiska REIM Gets EUR19M Loan To Finance Retail Park In Pitesti
06.13.2024
Real estate developer Mitiska REIM has obtained a loan of EUR19 million from Erste Group Bank AG to finance its newest retail park in Pitesti, with... more
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Romania's Competition Council Sets Off Inquiry Into Local IT&C Equipment Market
06.13.2024
Romania's Competition Council has conducted unannounced inspections at the premises of 14 companies active on the Romanian information and... more
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Finance Ministry Raises Nearly RON3.3B From Banks Via Two Bond Issues On June 13
06.13.2024
Romania's Finance Ministry raised RON3.33 billion from banks on Thursday (June 13), selling government paper in two auctions, at annual average... more
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Vasile Tiple Joins KPMG Legal - Toncescu si Asociatii
06.13.2024
KPMG Legal- Toncescu si Asociaţii has announced in a press statement on June 13 that Vasile Tiple has joined the firm in a collaboration designed... more
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Cristina Lupascu Appointed Head of Marketing At Cushman & Wakefield Echinox
06.13.2024
Real estate consulting company Cushman & Wakefield Echinox has appointed Cristina Lupascu, a specialist with more than 20 years of experience in... more
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Romania's Current Account Deficit Widens 26% YoY To EUR6.5B In January-April 2024
06.13.2024
Romania's current account deficit stood at EUR6.5 billion in January-March 2024, higher by nearly EUR1.5 billion (+26%) compared to the level... more
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Tenaris Romania Investments Top $500M
06.13.2024
Tenaris, a global manufacturer that owns among other a pipe plant in Zalau, a steel mill in Calarasi and the sucker rods plant of Campina, has in... more
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Three-Month ROBOR Hits Two-Year Low
06.13.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Alexandrion Group Wants to Enter Top-5 Largest Winemakers in 2024
06.13.2024
Alexandrion group, the largest local spirits producer and one of the biggest players on the wine market, has carried out a new rebranding for the... more
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Metaminds Invests EUR3M in Digital Identity, Large Data Volume Management and Security
06.13.2024
Metaminds, a Romanian integrator of IT&C solutions and cybersecurity solutions provider, will invest EUR3 million in coming years to create and... more
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Paint Producer Evolor Bets on R&D Investments
06.13.2024
Paint and varnish producer Evolor, part of ROCA Industry holding, is set to invest in R&D in the coming period as the market it operates on is... more
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Michelin Romania Switches To Loss in 2023 amid RON5.365M Turnover
06.13.2024
Michelin Romania, part of French group Michelin, one of the world’s largest tire manufacturers, for 2023 reported turnover worth RON5.365 billion... more
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Unicarm Set to Invest EUR8-10M in 2024 To Expand Store Network
06.13.2024
Businessman Vasile Lucut, one of the most powerful local entrepreneurs, who controls Unicarm group, with activities in retail and production, will... more
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Plimob's 2023 Turnover Down 8.2% YoY To RON203.9M
06.12.2024
Sighetu Marmatiei-based company Plimob ended 2023 with a turnover of RON203.9 million (EUR41.2 million), down 8.2% from RON222.2 million (EUR45... 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.