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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FAN Courier Ends H1/2024 with 15% Higher Turnover
09.03.2024
FAN Courier, leader of Romania courier services market, ended the first half of 2024 with 15% higher turnover, in line with its budget, with... more
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Real Estate Developer One United Wants Ford Museum and Theater in Former Calea Floreasca Plant
09.03.2024
One United Properties, one of the most dynamic investors and developers of housing, office and mixed-use projects locally, will include a museum... more
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Perla Harghitei Expects 20% Turnover Growth in 2024
09.03.2024
Mineral water producer Perla Harghitei expects turnover to rise by 20% this year, with growth also supported also supported by the high... more
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First Swissotel Hotel In Romania Opens In Poiana Brasov
09.03.2024
The first Swissotel Hotel in Romania has opened in Poiana Brasov, its officials announced on LinkedIn. The hotel should have opened this spring,... more
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Rondocarton Fully Acquires Cardboard Packaging Maker Rondo Offset
09.03.2024
Rondocarton, part of Austria’s Rondo Ganahl Group, one of the largest corrugated cardboard manufacturers in Romania, has announced acquisition of... more
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Strabag To Build The Arc For PPF
09.03.2024
Czech Republic’s PPF has announced the start of the office space project The Arc in the Orhideea area in Bucharest and chose Strabag as general... more
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Tosmur Group Investment In Doubling Production Capacity Of Medgidia Plant 39% Completed
09.02.2024
Türkiye’s Tosmur Group, which owns the starch plant in Medgidia inaugurated in 2022, has reached 39% progress in implementing the doubling of... more
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Average Old And New Apartment Prices Up 17% YoY In August 2024
09.02.2024
Average sale prices of apartments, both old and new, increased by 17% in August compared with the year-ago month, the latest data from Storia, the... more
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BCR PMI Index: Romania’s Industrial Activity Contracted Further In August 2024
09.02.2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards,... more
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Hidroelectrica Kicks Off Modernization Of Vaduri, Remeţi And Arcesti Hydroelectric Plants
09.02.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania, has signed contracts with the consortium formed by Hidroserv and UCMH for the... more
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tbi bank Ends H1 2024 With EUR23.2M Net Profit
09.02.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of... more
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Finance Ministry Raises Nearly RON950M From Banks Via Two Bond Issues On Sept 2
09.02.2024
Romania's Finance Ministry raised RON945.2 million from banks on Monday (Sept 2), selling government paper in two auctions, at annual average... more
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Fitch Reaffirms Romania's Stable Outlook
09.02.2024
Fitch Ratings has reaffirmed Romania's outlook at 'stable' and the local currency issuer default ratings (IDR) at 'BBB-'. more
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Competition Council Assesses Acquisition Of G.I. Industrial By Baxi S.p.A.
09.02.2024
Romania's Competition Council is analyzing the transaction through which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its... more
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Competition Council Looks Into Takeover Of Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA By OMV Petrom
09.02.2024
Romania's Competition Council is assessing the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL,... more
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EY: 72% Of Investors See Grants As Key To Investing In Romania
09.02.2024
A total of 72% of investors consider the availability of non-repayable grants to be a decisive factor in choosing a country to invest in, according... more
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Romania Forex Reserves Shrink To EUR63.1B In August 2024
09.02.2024
Romania's foreign exchange reserves decreased by EUR392 million over the course of August 2024, down to EUR63.1 billion at the end of the month,... more
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Genesis Property Secures BREEAM Outstanding Certification For YUNITY Park’s Building F
09.02.2024
Genesis Property, one of the leading office building owners in Romania, has secured the BREEAM Outstanding Certification for the F building of the... more
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Romania Factoring Market Grows 8% in H1/2024, To EUR4.3B
09.02.2024
Romania factoring market reached EUR4.33 billion in the first half of this year, up 8% from the same period of last year. more
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Deloitte Romania Promotes To Directors Five Professionals From Audit And Assurance, Tax and Enabling Services Departments
09.02.2024
Deloitte Romania's management team expands as of September 1, 2024, following the promotion to directors of employees Ioana Lucaciu, Mihai Ionica... 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.