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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EssilorLuxottica Group Builds Integrated Business on Romania Optical Market
09.11.2024
EssilorLuxottica giant, which has recently acquired OPTIBlu and Optiplaza stores, is also investing in local production and building an integrated... more
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Trendyol Gains 500,000 Customers In Eight Months Since Arrival In Romania, Aims For 1M By Yearend
09.10.2024
Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000... more
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Nuclearelectrica Extends Provisional Mandate Of Vasile Dascalu As CFO For Two More Months
09.10.2024
The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), the operator of the power plant in Cernavoda, has decided to extend the... more
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Simtel Team Reports RON6M Net Profit, RON98.1M Revenues For H1/2024
09.10.2024
Engineering and technology company Simtel Team (stock symbol: SMTL), the national leader in the field of renewable energy, reported consolidated... more
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Iulius Project On Former Carbochim Site In Cluj-Napoca To Be Called Rivus
09.10.2024
The urban reconversion and regeneration project in Cluj-Napoca developed by Iulius on the former site of the Carbochim plant will be called Rivus,... more
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Patria Bank Completes Takeover Of RON97M Loan Portfolio From Alior Bank
09.10.2024
Patria Bank (PBK.RO) announces completion of the implementation of the contract for the assignment of a RON97 milion (as of April 30) personal loan... more
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CPI Romania Signed Lease Contracts For 41,500 Sqm Of Office Space In 2024
09.10.2024
CPI Romania, part of CPI Property Group, has signed lease contracts for a total area of 41,500 square meters of office space, so far in 2024. more
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Romania Reports 51.067 Real Estate Deals For August 2024
09.10.2024
The number of real estate deals in Romania stood at 51,067 in August 2024, 5,954 fewer than in July 2024 and 8,358 fewer than in August 2023, data... more
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Competition Council Clears Acquisition Of MedEuropa And MedEuropa Investitii By Affidea
09.10.2024
Romania's Competition Council has approved the transaction through which the company Affidea Development SRL plans to acquire MedEuropa SRL and... more
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Romania’s Agricultural Production Hit EUR16.6B In 2023, Up 14% YoY
09.10.2024
Romania’s agricultural production was worth EUR16.6 billion in 2023, up 14% compared with 2022, with the country reporting the second highest... more
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US Corteva Set to Invest $0.8M in Afumati Plant
09.10.2024
Corteva Agriscience, an international farming innovation company, has announced $800,000 investments in its Afumati production unit. more
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Agis Computer 2023 Turnover Down 3% To RON134M, Net Profit Slides 14% To RON6.5M
09.10.2024
Cluj-based Agis Computer, one of the largest players on the local IT&C wholesale market, in 2023 registered turnover worth RON134.3 million (EUR27... more
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Marisan Cold Cuts Producer Returns to Profit in 2023
09.10.2024
Maribo Prodcarn, the producer of Marisan cold cuts, owned by Anghel family, for 2023 reported turnover worth RON135.3 million (EUR27.3 million), up... more
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Transilvania Nuts Aims to Invest EUR7M in New Plant in Ciugud
09.10.2024
Transilvania Nuts, controlled by entrepreneurs Levente Bara and Alexandru Chiric, with operations in the field of walnut kernel processing, wants... more
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Poland’s bValue Plans To Invest EUR20M In At Least Three Companies In Romania
09.09.2024
Polish investment firm bValue is looking to invest in Romania in the coming period, allocating EUR20 million budget for companies in this country. more
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Organic Farm Input Producer Norofert Expands To Brazil
09.09.2024
Norofert (NRF.RO), a producer of organic ffarm inputs and provider of biotechnology for agriculture in Romania, listed on the Bucharest Stock... more
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Premium Aerotec Reports 20.1% Higher Turnover, Of RON457.9M, For 2023
09.09.2024
Airbus aircraft parts maker Premium Aerotec, a company member of Airbus group, reported a turnover of RON457.9 million (EUR92.6 million) for 2023,... more
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Zoppas Industries Romania's 2023 Turnover Down 12.6% YoY To RON979.5M
09.09.2024
Home appliance component Maker Zoppas Industries, the local subsidiary of Italy's Zoppas Group, had a turnover of RON979.5 million (EUR198 million)... more
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TopTech, Part Of Bittnet System Group, Increases Credit Line From BRD SocGen By RON4M
09.09.2024
Business solutions integrator TopTech, part of Bittnet System Group (stock symbol: BNET), has informed investors in a stock market report on Sept 9... more
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Romania Rejects All Bids For April 2028 Bonds
09.09.2024
Romania's finance ministry on Monday (Sept 9) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price... 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.