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.
-
Bathroom Furniture Maker Savini Due Eyes 10% Higher Turnover In 2024 11.25.2024
Bathroom furniture manufacturer Savini Due, held by Italian businessman Piersante Savini, expects a nearly 10% increase in turnover in 2024... more
-
Feper Sells Complexul Hotelier Orizont In Predeal For RON52.3M Plus VAT 11.25.2024
Feper (FEP.RO), a manufacturer of industrial equipment, which also has hotel operations, on Monday notified the Bucharest Stock Exchange of having... more
-
Fitch Ratings Upgrades Romanian Garanti To 'BB'; Outlook Stable 11.25.2024
International rating agency Fitch Ratings has upgraded Garanti Bank S.A.'s (GBR) Long Term Issuer Default Rating (IDR) to 'BB' from 'BB-'. and the... more
-
Exim Banca Romaneasca Shareholders Approve Management Team For Next Four Years 11.25.2024
The shareholders of Exim Banca Romaneasca have approved on Monday (Nov 25) the bank's management team for the next four years. more
-
Romania Rejects All Bids For April 2028 Bonds 11.25.2024
Romania's finance ministry on Monday (Nov 25) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price... more
-
Bucharest Stock Market Slips Into The Red After First Round Of Presidential Elections 11.25.2024
The Bucharest Stock Exchange (BVB) opened “in the red” on Monday, Nov 25, with all stock market indices dropping after the results of the first... more
-
Retele Electrice Muntenia Set to Invest RON445M in Modernization of Electrical Infrastructure in Ilfov and Giurgiu 11.25.2024
Retele Electrice Muntenia, part of PPC Group in Romania, has launched a public tender of over RON445 million on SEAP platform for the design and... more
-
Bucharest’s Calea Victoriei Up Two Positions to 38 in Ranking of World’s Most Expensive Shopping Streets 11.25.2024
Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the... more
-
HORSE Romania Reaches 2,600 Employees 11.25.2024
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest. more
-
Spectral Development Investments Hit around EUR4M in 2024 11.25.2024
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments... more
-
Agrii Romania Invests EUR3.5M in Two Repacking Lines at Timisoara Plant 11.25.2024
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own... more
-
Number of SMEs in Romania Up 40% in 16 Years 11.25.2024
In the past 16 years, the number of microenterprises, small and middle-sized companies has gone up by almost 40%, with the growth primarily... more
-
Ford Otosan Craiova Overshoots 200,000 Assembled Cars Mark, Boasts Record October 11.25.2024
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with... more
-
Simtel Team Seeks Up To EUR20M Investment Loans 11.22.2024
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and national leader in the... more
-
Cybersecurity Company Fort, Part Of Bittnet Group, Reports RON9.3M Turnover For Jan-Sept Period, Down 15% YoY 11.22.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first nine months of 2024 with a turnover of RON9.3 million, down 15%... more
-
Statistics Board: Over Half Of Total Number Of Enterprises Operated In Market Services In 2023 11.22.2024
Over half of the total number of active enterprises (52%) in Romania operated in the sector of market services in 2023 and reported the highest... more
-
UniCredit Bank Completes RON750M Bond Issue, Its Largest In Romania 11.22.2024
UniCredit Bank announced successful completion of a new leu-denominated corporate (senior, unsecured ) bond issue due in five years, with a fixed... more
-
Electrica And Esyasoft (UAE) Set Up Company Dedicated To Energy Storage Technologies And Digitalization Of Electrical Networks 11.22.2024
Electricity supplier and distributor Electrica (stock symbol: EL) and the company Esyasoft based in the United Arab Emirates are establishing a... more
-
tbi bank Signs Partnership Deal With DAW Management Broker Enabling Romanian Clients To Buy Insurance Via BNPL Solution 11.22.2024
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker DAW Management, whereby customers can... more
-
CEC Bank Successfully Closes A New Bond Issue Worth EUR300M On International Markets 11.22.2024
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
more
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
more
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
more
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
more
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
more
The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
more
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
more
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
moreAnalysis
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.