Romania Unemployment Rate At 5.3% Month-On-Month In November 2024
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Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point compared to October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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Inter Computer Romania Achieves 2024’s EUR3M Revenue Target In Nine Months
11.12.2024
Inter Computer Romania, part of Hungary's Inter Computer Group (IC Group), posted EUR3 million revenue in the first nine months of 2024, achieving... more
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Electromagnetica Calls Shareholders To Vote On Share Repurchase Program
11.12.2024
The Board of Directors of electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) has called its shareholders for a... more
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Transilvania Broker de Asigurare's 9-Month Net Profit Plunges 65% YoY To RON2.2M
11.12.2024
Transilvania Broker de Asigurare (stock symbol: TBK), one of the largest insurance brokers in Romania, recorded a net profit of RON2.2 million for... more
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Nuclearelectrica And Framatome Team Up For Production Of Medical Isotope Lutetium-177 In Romania, Used In Fight Against Cancer
11.12.2024
Nuclear power producer Nuclearelectrica (stock symbol: SNN) and Framatome have announced the signing of a Collaboration Agreement for the... more
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IMMO GURU To List Its Shares At Bucharest Stock Exchange On Nov 14
11.12.2024
The Bucharest Stock Exchange has announced on Nov 12 the official opening of the trading session for the listing of the shares of IMMO GURU, a... more
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Insolvent Meat Processor Angst To Put Up For Sale Several Stores In Bucharest And Ilfov
11.12.2024
Meat processor Angst Ro SRL, which went insolvent in March 2024, will put up for sale five retail spaces from Bucharest and Ilfov, worth a total... more
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Polish Group Buys Pet Stuff, One Of Bucharest’s Largest Veterinary Hospitals
11.12.2024
Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is... more
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Horváth: Global Business Services Market To Grow Further By Up To 10%-15% In Romania Over Next 2-3 Years
11.12.2024
Romania continues to be an attractive destination for Global Business Services (GBS) centers due to factors such as competitive labor costs, access... more
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Romania Average Net Salary Up 1.4% In September 2024 vs August 2024
11.12.2024
The average net salary in Romania increased by 1.4% in nominal terms in September 2024 compared to August 2024, to 5,228 (EUR1,051), data from the... more
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Romania's Annual Inflation Rises Slightly To 4.7% In October 2024
11.12.2024
Romania's annual inflation edged higher in October 2024, to 4.7%, compared with 4.6% in September 2024, after being on a downward trend since July... more
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Mecanica Ceahlau Losses Widen To RON4.4M in 9M 2024
11.12.2024
Piatra-Neamt-based farming machinery producer Mecanica Ceahlau ended the first nine months of 2024 with a RON4.4 million loss, almost triple the... more
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Mecanica Fina Steps Into the Red in Jan-Sept 2024
11.12.2024
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, registered RON15.1 million turnover... more
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Turism Felix 9M 2024 Profit Plummets 82% To RON1.7M
11.12.2024
Turism Felix, which manages five hotels in Baile Felix resort of Bihor county, reported RON1.66 million profit for January-September 2024 period,... more
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Carbochim Switches to RON385,000 Losses in 9M 2024 after RON117M Net Profit in 9M 2023
11.12.2024
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, in the first nine months of 2024 posted RON376,664 losses after... more
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Ambulance Maker Deltamed Exports 50% of Production, Seeks New Opportunities in Europe, Middle East, South-East Asia
11.12.2024
Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in... more
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Textile Company Techtex Enters Agreement with Creditors
11.12.2024
Techtex SRL, a company specializing in technical textile production, part of Taparo group, has entered an agreement with creditors. more
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Restaurant Chain Spartan Seeks To Expand Abroad Via Franchisees
11.11.2024
Spartan restaurant chain wants to expand into foreign markets under a franchise system, a model it has already tested in Romania. It has already... more
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Five-Star Radisson Blu In Cluj-Napoca Set To Open New Wing In Second Half Of 2025
11.11.2024
Five-star Radisson Blu Hotel in Cluj-Napoca, developed by Winners Park Invest and opened in the summer of 2022, operated at 58% occupancy in... more
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Argus Reports RON155.7M Revenue For January-September 2024 Period, Up 15.6% YoY
11.11.2024
Vegetable oil producer Argus Constanta (UARG.RO) reported operating revenue of RON155.7 million for the first nine months of 2024, up 15.6%... more
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Grup Serban Holding Calls Shareholders For December 16 To Vote On EUR73M Loan From BRD-SocGen
11.11.2024
Entrepreneurial company Grup Serban Holding (GSH.RO), which operates in agriculture, has called shareholders for an extraordinary general meeting... 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.