Romania Unemployment Rate Edges Down To 5.3% Month-On-Month In November 2024
yesterday, 14:01
Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point than 5.4% recorded in October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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eMAG Overshoots EUR800M Sales Mark In First 12 Hours Of Black Friday Campaign 11.08.2024
eMAG, the region's largest online retailer, has overshot the RON800 million mark for this year’s Black Friday it had set out to achieve. In fact,... more
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Banca Transilvania Posts RON3.9B Consolidated Net Profit In Jan-Sep 2024 11.08.2024
Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON3.9 billion consolidated net profit in January-September, an increase of 70%... more
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TeraPlast Group Inaugurates The Opal Stretch Film Factory In Saratel Industrial Park 11.08.2024
TeraPlast Group has inaugurated this week its new Opal stretch film factory located in the Saratel Industrial Park following a total investment of... more
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Electrica Gets Shareholder Approval For Up To EUR500M Bond Issue And RON3.1B Syndicated Loan 11.08.2024
Electricity supplier and distributor Electrica (stock symbol: EL) on Nov 8 received the approval of shareholders for several projects, including a... more
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Impact Developer & Contractor Sold 73 Apartments For EUR8M In October 2024 11.08.2024
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has announced in a stock market report on Nov 8 that it started the last... more
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Nuclearelectrica Makes RON233M Term Deposit With Exim Banca Romaneasca 11.08.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON233... more
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Turbomecanica And Prebet Aiud To Be Included In MSCI Frontier IMI And MSCI Romania IMI As Of Nov 26, 2024 11.08.2024
Starting November 26, 2024, the shares of two new companies listed on the Bucharest Stock Exchange, namely Turbomecanica (stock symbol: TBM) and... more
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Romania's Central Bank Further Keeps Key Rate Steady At 6.5% a Year 11.08.2024
Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level... more
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Entrepreneur Stefan Mandachi Invests EUR5M in 12 Premium House Compound in Miroslava 11.08.2024
Entrepreneur Stefan Mandachi, who founded and subsequently sold Spartan restaurant chain, is investing EUR5 million in a 12 premium villa compound... more
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Ferenc Korponay Buys Canning Factory In Alba County, Starts Making Pet Food 11.07.2024
Romanian entrepreneur Ferenc Korponay, known for founding, developing and then selling the Maravet business, which operates in the animal products... more
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Port Operator Socep Shareholder Asks For RON55.7M Dividends 11.07.2024
Port operator Socep Constanta (SOCP.RO) on Thursday evening notified the Bucharest Stock Exchange that Sammarina Imobiliare, which owns 6.31% in... more
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Packaging Maker Electric Ends 2023 With Over RON63M Turnover 11.07.2024
Packaging maker Electric, based in the town of Focsani and owned by the Buzaianu family, ended 2023 with a turnover of RON63.4 million (EUR12.8... more
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Arctic Stream Reports RON8M Net Profit And RON107M Revenue For January-September 2024 11.07.2024
IT infrastructure and security integrator Arctic Stream (stock symbol: AST) reported net profit of RON7.96 million for the first nine months of... more
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Workshop Doors Borrows RON21M From First Bank To Refinance Previous Bank Loans And Fund Working Capital 11.07.2024
Workshop Doors, a subsidiary of construction holding company ROCA Industry, has announced in a stock market report on Nov 7 that it signed three... more
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Poland’s Elemental Holding Will Complete EUR20M Investment In Deva Recycling Plant In Almost Two Years 11.07.2024
The almost EUR20 million investment of Poland’s Elemental Holding Group, the largest electronics and electrical equipment recycling operator in... more
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Finance Ministry Raises RON1.09B From Banks Via Two Bond Issues On Nov 7 11.07.2024
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (Nov 6), selling government paper in two auctions, at annual average... more
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Competition Council Greenlights La Fantana's Takeover By Axel Johnson Inc. 11.07.2024
Romania's Competition Council has approved the transaction through which Axel Johnson Inc. intends to take over part of the capital of La Fantana... more
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Statistics Board: Romania Retail Sales Grow 8.4% YoY In January-September 2024 11.07.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.4% in unadjusted data and by 7.7% when... more
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Coface CEE TOP 500 Companies: Poland In The Lead, Followed By Czech Republic, Hungary, Romania 11.07.2024
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and... more
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IBC Focus: Six of Ten Largest Builders in Romania Expect Turnover Growth in 2024, 70% of Them Feel Skilled Workforce Shortage 11.07.2024
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey,... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
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More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
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Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
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Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
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The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
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The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
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Romania 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
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Fiscal 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
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.