New Car Registrations in Romania Up 8% To over 100,000 Units in Jan-August 2024 YOY
yesterday, 09:25
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
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Paint Producer Evolor Bets on R&D Investments
06.13.2024
Paint and varnish producer Evolor, part of ROCA Industry holding, is set to invest in R&D in the coming period as the market it operates on is... more
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Michelin Romania Switches To Loss in 2023 amid RON5.365M Turnover
06.13.2024
Michelin Romania, part of French group Michelin, one of the world’s largest tire manufacturers, for 2023 reported turnover worth RON5.365 billion... more
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Unicarm Set to Invest EUR8-10M in 2024 To Expand Store Network
06.13.2024
Businessman Vasile Lucut, one of the most powerful local entrepreneurs, who controls Unicarm group, with activities in retail and production, will... more
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Plimob's 2023 Turnover Down 8.2% YoY To RON203.9M
06.12.2024
Sighetu Marmatiei-based company Plimob ended 2023 with a turnover of RON203.9 million (EUR41.2 million), down 8.2% from RON222.2 million (EUR45... more
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Zabka Plans To Develop Fast In Romania
06.12.2024
Poland’s Zabka Group, which has more than 10,000 stores on its home market, has recently opened its first stores in Romania and plans to expand... more
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TradeVille Reports 120% Higher Net Profit, Of RON16.5M, For 2023
06.12.2024
Stockbroker TradeVille, active mostly on the retail investor segment, reported 120% higher net profit for 2023 versus 2022, while revenue grew by... more
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Ursus Breweries Sees Revenue Up 17% In 2023, Expects Growth To Continue
06.12.2024
Ursus Breweries, the largest brewer in Romania, ended 2023 with RON2.67 billion revenue, up 17% from the previous year, Finance Ministry data show. more
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Statistical Data: 11,360 Housing Units Put Into Use In Romania YoY In Q1/2024
06.12.2024
A total 11,360 housing units were put into use in Romania in the first quarter of 2024, fewer by 3,969 units (-25%) than in the same period of... more
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eMAG: Sellers On Regional eMAG Marketplace Registered 23% More Orders In 2023 vs 2022
06.12.2024
The 56,000 sellers that sell on the eMAG regional Marketplace in Romania, Bulgaria and Hungary registered 23% more orders in 2023 compared to 2022. more
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IKEA Store In Timisoara Sees Almost 800,000 Sales Transactions And Over 35,500 Online Orders In First Year Since Inception
06.12.2024
IKEA Timisoara, the third store of Sweden's IKEA in Romania, has sold over 4 million products, registered 792,223 sales transactions and over... more
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Competition Council Assesses Takeover Of Resity Technologies D.O.O. By Messer SE&Co And Delta Holding D.O.O.
06.12.2024
The Competition Council is assessing the transaction through which Messer SE&Co intends to take over Resity Technologies D.O.O., together with... more
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INS: Net Investments In Romania Up 6.7% YoY To RON34.6B In Q1/2024
06.12.2024
Net investments in Romania’s economy totaled RON34.6 billion in the first quarter of 2024, up 6.7% year-over-year, with new construction works... more
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European Commission Clears Acquisition Of Alpha Bank Romania By UniCredit
06.12.2024
The European Commission has announced it approved the acquisition of Alpha Bank Romania by Italy’s UniCredit S.p.A, under the EU Merger Regulation. more
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iO Partners: Lack Of Office Space Deliveries In Bucharest Forces Companies To Plan Future Lease Contracts Way In Advance
06.12.2024
The decrease in demand for office spaces in Bucharest after the pandemic period reflected in the volume of pre-leases, which saw a reduction of... more
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Denmark’s Eurowind Energy Gets Building Permit for Frumusita Wind Park of Galati
06.12.2024
Eurowind Energy, a Danish renewable energy company, has got the building permit for Frumusita wind park of Galati county, which is due to become... more
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Deloitte: Consumers Spend Almost 30% More Than Last Year On Streaming Video On Demand Services
06.12.2024
Households’ average monthly spending on streaming video on demand (SVOD) platforms has increased by almost 30% compared to last year, from 48 to... more
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Nuclearelectrica And Canadian Nuclear Partners Sign Framework Agreement For Cernavoda NPP Unit 1 Refurbishment Project
06.12.2024
Nuclearelectrica (SNN) and Canadian Nuclear Partners (CNPSA) have signed a long-term framework agreement to provide Project Management Organization... more
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DIY Retailer Leroy Merlin Completes Relocation of Craiova Store to 16% Bigger Space
06.12.2024
Retailer Leroy Merlin has completed the relocation of Craiova store, which will be opened on June 19 in the same shopping center Electroputere... more
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Vertiv Romania Seeks to Hire over 40 Specialists for Cluj Office
06.12.2024
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, has more than 40 positions available at the Cluj... more
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Delgaz Grid, Part of E.ON Romania Group, Invests RON1.5B in Transformer Station Upgrade
06.12.2024
Delgaz Grid, part of E.ON Romania group, plans to invest RON1.5 billion to upgrade 44 transformer stations, in the next six years, of which RON1.1... 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.