Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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Meta Estate Trust Buys Land Plot Near Victory Square To Develop Office Building for Private Healthcare Player 11.04.2024
Meta Estate Trust, a holding company operating in the real estate field, has acquired a land plot near Bucharest’s Victory Square where it wants... more
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Romania Forex Reserves Shrink To EUR62.8B In October 2024 11.01.2024
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September,... more
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Fast-Food Chain Hesburger Opens Fifth Restaurant In Romania 11.01.2024
Fast-food restaurant chain Hesburger has opened a new restaurant in the Baneasa Shopping Mall in Bucharest, following an investment of EUR0.5 million. more
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New Car Registrations Up 1.4% YoY To 11,552 Units In October 2024 11.01.2024
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association... more
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Appraisal & Valuation Posts 27% Increase In Revenue To RON5M In Jan-Sep 11.01.2024
Appraisal & Valuation (APP.RO), a company that provides real estate appraisal, consulting and development services, posted RON5.1 million revenue... more
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Axel Johnson Inc Buys La Fantana From Oresa Ventures And Cristian Amza 11.01.2024
Axel Johson Inc (AJI), a US company held by Swedish Johnson family, on Friday announced the acquisition of La Fantana S.R.L., one of the main... more
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Hyatt Looking At Bucharest For Expansion 11.01.2024
The Hyatt Group, which has recently signed the franchise agreement for the ARO Palace Hotel to be reopened under the Hyatt Regency Aro Palace... more
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Yildiz Entegre Romania Sees Revenue Down, Posts Loss In 2023 11.01.2024
Yildiz Entegre Romania, part of the Turkish group with the same name that operates the MDF factory in Oarja, Arges County, posted RON504.4 million... more
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Grain Trader Agro Oil Services Swings To Loss In 2023 11.01.2024
Agro Oil Service (AOS), a grain trader, grain seed, pesticide and chemical fertilizer wholesaler and provider of grain transportation by road,... more
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Sameday Expects 40% Growth In Revenue In 2024 11.01.2024
Sameday, one of the largest actors on Romania’s parcel delivery market expects 40% growth in revenue this year, CEO Lucian Baltaru told a news... more
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Foreign Direct Investment In Romania’s Trade Overshoots EUR20B Mark in 2023 11.01.2024
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector... more
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BCR Reports RON2.21B Net Profit in Jan-Sept 2024, Up 30.6% YOY 10.31.2024
Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2024 registered net profit worth RON2.21 billion... more
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Romradiatoare Switches to Losses in Jan-Sept 2024 10.31.2024
Electrical components manufacturer Romradiatoare Brasov registered a RON11,223 loss in the January-September 2024 period, after a RON834,126 net... more
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Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom 10.31.2024
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn:... more
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BRD 9M 2024 Profit Down almost 11% To RON1.06B 10.31.2024
BRD-SocGen, the fourth largest bank in Romania by assets, in the first nine months of 2024 raked in RON1.06 billion net profit, down almost 11%... more
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Fashion Days Jan-Sept 2024 Sales Rise 13.8%, Above Market Average 10.31.2024
Fashion retailer Fashion Days, part of eMAG group, saw its sales on the Romanian market rise by 13.8% during the January-September period against... more
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Julius Meinl Romania 2023 Profit Up 85% To almost RON5M 10.31.2024
Julius Meinl Romania, a major player on the premium coffee market, in 2023 registered turnover worth RON92.1 million (EUR92.1 million), up 21.4%... more
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Moldovan Carmangerie Returns to Profit in 2023 10.31.2024
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3... more
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Premiere in Romania: Ford Otosan Set to Assemble in Craiova Batteries for the New Puma Gen-E and Electric Versions of Transit and Tourneo Courier 10.31.2024
Ford Otosan Craiova yesterday opened the new battery assembly line set to support the production of EVs due to enter production in the coming... more
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Oil Drilling Company Foraj Sonde Videle Has New Surprise Shareholder: eMAG’s Stanciu 10.31.2024
Iulian Stanciu, one of the best-known entrepreneurs in Romania, president of eMAG group, has entered the shareholding structure of oil drilling... 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.