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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ASA CONS Aims to Invest RON5M in 2024 to Boost Production
09.16.2024
Romanian precast concrete product manufacturer ASA CONS, owned by Consolis group, has budgeted RON5 million investments for 2024 to develop... more
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Paval Holding Looks to Invest on Local Hotel Market
09.16.2024
After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is... more
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INS: Employment Rate For Working Age Population Hit 64.4% In Q2/2024, Higher By 0.2 Percentage Points vs Q1/2024
09.13.2024
In the second quarter of 2024, the employment rate for the working age population (15-64 years) was 64.4%, increasing by 0.2 percentage points... more
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Statistics Board: Romania's Industrial Production Edges 0.2% Higher YoY In July 2024
09.13.2024
Romania’s industrial production inched up 0.2% in unadjusted data in July 2024 versus July 2023 but fell 3.9% when adjusted for seasonality and... more
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Competition Council Approves Acquisition Of More Companies By Vetimex Capital SRL and D Craig Holding SA
09.13.2024
Romania's Competition Council has approved the transaction by which Vetimex Capital SRL and D Craig Holding SA intend to take over Vet HoldCo SRL,... more
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Connections Consult Ends H1/2024 With Record Net Profit Of RON4.67M
09.13.2024
Connections Consult (stock symbol: CC), a group of companies specialized in providing software solutions and IT services, reported record net... more
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Romania's Current Account Deficit Widens To EUR15B In January-July 2024
09.13.2024
Romania's current account deficit stood at EUR15 billion in January-July 2024, compared with EUR11.3 billion reported in the same period of 2023,... more
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Electrica Completes Acquisition of Foton Power Energy
09.13.2024
Electricity supplier and distributor Elecrica on Friday informed the local capital market that on September 12, 2024 it has completed the... more
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TeraPlast Raises EUR20M in Share Capital Increase Operation
09.13.2024
TeraPlast group has closed in advance, after just one day, the second phase of the share capital increase due to high investor’s demand who have... more
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Local Startup Ogre AI Aims to Step Up Europe Expansion
09.13.2024
Ogre AI, the Romanian-British startup that has developed an AI-based platform for prognoses in the energy field, wants to accelerate expansion in... more
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Polish Travel Group eSky Set To Close Romanian Subsidiary, Operate Local Platform From Poland
09.12.2024
eSky.ro, the Polish group's platform operating on the local market, is managed by the eSky Travel Search company, which is to be closed, and the... more
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Mediapost Hit Mail Sees Revenue Up 3% In H1
09.12.2024
Mediapost Hit Mail Group, the biggest player in direct and relationship marketing controlled by a subsidiary of the French Post, saw its business... more
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Fuchs Completes EUR8.5M Investment, Plans To Double Revenue In 10 Years
09.12.2024
Fuchs Condimente Romania, part of the German group Fuchs, has invested EUR8.5 million in the expansion of the plant in Curtea de Arges and is... more
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M&A Deal Values In Europe Up 31% To EUR439B In H1 2024
09.12.2024
Aggregate M&A deal values in Europe increased by 31% to EUR439 billion, while the transaction volumes were down by 8% over the same period compared... more
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Cerealcom Dolj 2023 Turnover Halves To RON607M
09.12.2024
Romanian-held grain trader Cerealcom Dolj ended 2023 with a turnover of RON607 million, compared with over RON1.1 billion reported in 2022, as per... more
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Comvex Constanta's Turnover Drops To RON152M, Net Profit Halves To RON44M YoY In H1/2024
09.12.2024
Port operator Comvex Constanta (stock symbol: CMVX) reported a turnover of RON152 million for the first half of 2024, lower than RON216 million in... more
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Finance Ministry Raises RON500M From Banks On Sept 12
09.12.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 12), selling government paper at an annual average yield of 6.78%. more
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Hungary's MOL Group Invested RON300M In Romania's Infrastructure In Last 3 Years
09.12.2024
Hungary's MOL Group has invested RON300 million over the last three years to develop Romania's infrastructure. more
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Pastry Shop Chain Dulcinella Invests EUR100,000 In New Unit In Capital City Bucharest
09.12.2024
Dulcinella, originating in the Republic of Moldova and present in Romania with 17 pastry shops, has invested EUR100,000 in opening a new unit in... more
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Competition Council Looks Into Takeover Of Eldrive Holding Gmbh By EBRD And Renalfa Solarpro Group Gmbh
09.12.2024
Romania's Competition Council is assessing the transaction through which the European Bank for Reconstruction and Development (EBRD) intends to... 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.