Romania’s Trade Deficit Widens 17.7% YoY To EUR30B In January-November 2024
yesterday, 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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FAN Courier Leases 4,500 Sqm In CTPark Deva
10.21.2024
FAN Courier, leader of Romania courier services market, has signed a leasing contract for 4,500 square meters in the CTPark Deva logistics project. more
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Mega Image Owner Ahold Delhaize Seeks To Hire 30 More IT Experts At Bucharest Technology Center
10.21.2024
Dutch-Belgian group Ahold Delhaize, the owner of supermarket and proximity store network Mega-Image, plans to hire 30 more IT experts by the end of... more
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Finance Ministry Raises RON990M From Banks On Oct 21
10.21.2024
Romania's Finance Ministry raised RON990 million from banks on Monday (Oct 21, 2024) selling benchmark bonds, above the planned amount of RON500... more
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Speedwell Appoints Andreea Comsa As Commercial Director
10.21.2024
Speedwell Development, one of the most active real estate developers in Romania, announces the appointment of Andreea Comsa to the position of... more
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Nestlé Romania Sees 5.7% Organic Growth In Jan-Sept 2024
10.21.2024
Nestlé Romania reported solid organic growth of 5.7% for the first nine months of 2024, which reflects the team’s commitment to delivering... more
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Dr. Max Group Leases almost 12,000 Sqms of Logistic Spaces and Offices in ELI Park Iasi
10.21.2024
Dr. Max, a major player on Romania’s pharma market, has signed a leasing contract for 11,800 square meters in ELI Park Iasi, a project part of... more
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Romania Banks Granted RON114B Worth of Loans to Households and Companies in Jan-Aug 2024, Up 28%
10.21.2024
Banks in Romania granted households and companies loans totally worth almost RON114 billion in January-August period, 28% more than in the same... more
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AROBS Set to Develop Control System for Satellite Proximity Operations
10.21.2024
AROBS Polska and AROBS Engineering, both part of AROBS group, the biggest tech company listed on the Bucharest Stock Exchange, have launched the... more
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One United Properties Reports EUR190.6M Residential Sales and Pre-Sales in Jan-Sept 2024
10.21.2024
Real estate developer One United Properties has reported EUR190.6 million residential sales and pre-sales for the first nine months of 2024. more
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Electromagnetica Puts Entire EV Charging Station Production Business Up for Sale
10.21.2024
Electricity and electrical equipment producer Electromagnetica, has announced it wants to sell, via public auction, the entire the activity of... more
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Space of Former Bucharest Eva Fashion Store Sold by Bluehouse Capital To Local Investor for EUR8M
10.21.2024
Greek investment fund Bluehouse Capital, active on the market of Central and Southeastern Europe, has sold the space of former Eva store on Magheru... more
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Paper Bag Maker Barleta Boosts Production Capacity by 15%
10.21.2024
Barleta plant of Bacau, where paper bags are manufactured for major supermarket chains, fast-food networks or bakery producers, has boosted... more
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Mobile Industrial Robots Launches Software Platform MiR Fleet Enterprise
10.18.2024
Mobile Industrial Robots (MiR), a pioneer in Autonomous Mobile Robot (AMR), has launched MiR Fleet Enterprise, a platform designed for companies... more
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KPMG Assisted Token Payment Services In Getting Greenlight From Romania's Central Bank As Payment Institution
10.18.2024
An integrated team of lawyers and advisors from law firm KPMG Legal – Toncescu si Asociaţii and KPMG Advisory, acted as consultant in the... more
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Casa Rusu Stores Go Insolvent As Founders Seek To Save Furniture Manufacturing Operations Of Rus Savitar
10.18.2024
Casa Rusu, the operator of the furniture stores by the same name has gone insolvent at the request of Rus Savitar, the company part of the same... more
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Statistics Board: Romanian Construction Works Down 3.1% YoY In January-August 2024
10.18.2024
The volume of construction works in Romania decreased, in unadjusted data, by 3.1% in January-August 2024 and by 2.5% when adjusted for the number... more
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Transelectrica Close To Completing New Overhead Power Line
10.18.2024
National grid operator Transelectrica (stock symbol: TEL) has announced in a stock market report that the construction works on LEA 220 double... more
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Carrefour Completes Integration of Former Cora Lujerului, Reaches 58 Hypermarkets in Romania
10.18.2024
French-held retailer Carrefour has finalized the integration of former hypermarket Cora Lujerului Bucharest, once the best food store in Romania by... more
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Dutch Group Photon Energy Connects 13th PV Power Plant to Romania Electricity Grid
10.18.2024
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC)... more
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RetuRO: Romanians Returned over 81% of Packaging in September, Best Result since Scheme Launch
10.18.2024
RetuRo, the administrator of the Deposit Return System in Romania, has announced that in September consumers returned 435 million packaging... 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.