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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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
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Germany’s Stada Opens EUR70M Turda Plant in Less Than Two Years
10.31.2024
A new drug plant has officially launched in Romania after Germany’s Stada inaugurated the production unit of Turda, Cluj county. more
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Bucur Obor Ends First Three Quarters of 2024 with RON18M Turnover, RON11M Net Profit
10.30.2024
Bucur Obor company, which manages the Bucharest shopping center of the same name, posted RON18.2 million turnover in the first nine months of 2024,... more
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TeraPlast Switches to RON7M Losses in Jan-Sept 2024; Turnover Rises 32%
10.30.2024
Building materials producer TeraPlast Bistrita during the first nine months of 2025 registered losses of around RON7 million, after a RON6.8... more
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Raiffeisen Bank Reports RON1.26B Profit for Jan-Sept 2024, Slightly Down from Jan-Sept 2023
10.30.2024
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name and the sixth largest bank in Romania by assets, generated RON1.26... more
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Grain Trader Promat Comimpex Sees 2023 Turnover Drop 18.1% To RON1.348B
10.30.2024
Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa, a major grain trader locally, in 2023 derived turnover worth... more
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Austrotherm Romania 2023 Net Profit Slides 60% to RON8.8M
10.30.2024
Polystyrene producer Austrotherm Romania, the local subsidiary of the Austrian group of the same name, for 2023 reported turnover worth RON177.5... more
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Evopack Set to Open Subsidiary and Warehouse in Budapest
10.30.2024
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia... more
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Bucharest’s Corinthia Hotel Set to Open in Q1/2025
10.30.2024
Bucharest’s Corinthia hotel will open in the first part of 2025, more specifically in the first quarter, Simon Casson, Corinthia Group CEO, told ZF. more
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OMV Petrom Reports 6% Lower Sales, 54% Higher Net Profit in Jan-Sept 2024
10.29.2024
OMV Petrom, Romania’s largest company by turnover, reported sales worth RON26.7 billion in the first nine months of 2024, down 6% from the... more
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Italsofa 2023 Turnover Down 29.3% in 2023 To RON238.9M
10.29.2024
Armchair and sofa manufacturer Italsofa Romania, the local subsidiary of Italian group Natuzzi, for 2023 reported turnover worth RON238.9 million... more
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ARO Palace Signs Franchise Contract with Hyatt to Rebrand Brasov Hotel
10.29.2024
Hotel company ARO Palace, controlled by Transilvania Investments, has signed the franchise agreement with hotel chain Hyatt to transfer the ARO... more
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IMF Delegation Set to Visit Bucharest in November 5-8 Period
10.28.2024
A delegation of the International Monetary Fund led by Jan Kees Martjin, head of the IMF mission in Romania, will visit the country during November... more
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MedLife Takes Over 60% in Routine Med Group
10.28.2024
Private healthcare company MedLife is continuing acquisitions and announces the takeover of the majority stake of 60% in Tulcea-based Routine Med. more
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Romania’s Lunet Eyewear Mulls Listing on AeRO
10.28.2024
Lunet Eyewear, the only local producer of glasses, launched in 2019, is considering the opportunity of listing on the AeRO platform of the... more
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One United Properties Sales of Long-Term Rental Properties Reach EUR52.4M in Past 18 Months
10.28.2024
Real estate developer One United Properties sold long-term rental properties, part of its commercial project portfolio, worth EUR52.4 million in... more
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Germany’s Optibelt Slips into the Red in 2023
10.25.2024
Car parts manufacturer Optibelt Power Transmission, the local subsidiary of Germany’s Arntz Optibelt, in 2023 posted turnover worth RON325.7... 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.