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.
-
Romania, Azerbaijan, Georgia, Hungary Conclude Agreement For Green Energy Corridor Project Company
09.04.2024
Romania's national grid company Transelectrica (stock symbol: TEL), Georgian State Electroysstems, AzerEnerji and MVM Electrical Works have signed... more
-
Knauf Insulation Completes Tarnaveni Plant
09.04.2024
Mineral wool producer Knauf Insulation, part of Knauf group, has finalized the construction of Tarnaveni, Mures county, plant, the company’s most... more
-
Competition Council Slaps FCC Environment Romania SRL With RON2M Fine For Abuse Of Dominant Position
09.04.2024
Romania's Competition Council fined FCC Environment Romania SRL a total RON2.045 million (EUR410.000) for abusing its dominant position on the... more
-
Insolvent Hidroconstructia Puts Up For Sale Assets Worth Over EUR65M
09.04.2024
Construction company Hidroconstructia, which went insolvent in early 2022, will be putting up for sale a portfolio of assets worth over EUR65... more
-
20,000 Public Sector Jobs Put on the Market in Romania in 2024
09.04.2024
Romania public sector registered a job boom in 2024, with almost 20,000 jobs put on the market since the start of the year. more
-
Online Travel Agency Vola.ro Expects over 30% Turnover Growth, To RON24M in 2024
09.04.2024
Travel platform Vola.ro forecasts a 30% revenue increase in 2024, to RON24 million, according to Daniel Truica, its CEO. more
-
2024, First Year With No Major Office Building Delivered
09.03.2024
The pandemic, the rise in interests and material prices, the work for home and the acute shortage of construction permits in the past four years... more
-
Green Leaves Technical Reports 8% Lower Turnover, Of RON231M, For 2023
09.03.2024
Green Leaves Technical SRL, the sole licensed distributor of Chinese smart devices brand OnePlus/Oppo in Romania, ended 2023 with a turnover of... more
-
FMCG Wholesaler Licurici Impex Ends H1/2024 With RON275M Turnover, Up 15.5% YoY
09.03.2024
Licurici Impex, a consumer goods wholesaler of Onesti, Bacau county, ended the first half of 2024 with a turnover of RON275 million (EUR55.2... more
-
Bathroom Furniture Maker Savini Due Invests Over EUR35M In New Plant In Sebes
09.03.2024
Bathroom furniture manufacturer Savini Due will finalize a more than EUR35 million investment project this year, which entailed construction of a... more
-
New Car Registrations In Romania Plunge 22.64% To 9,972 Units YoY In August 2024
09.03.2024
New car registrations decreased by 22.64% to 9,972 units in Romania in August 2024 compared with the same month of 2023, in line with data provided... more
-
Premier Energy Got Pilar II And Pillar III Pension Funds To Buy About 8.8% Since IPO
09.03.2024
Premier Energy (PE.RO) a recent addition to the main market of the Bucharest Stock Exchange, attracted eight Pillar II and Pillar III pension funds... more
-
Biotech Startup The Cat Health Company Raises EUR500,000 In Pre-Seed Funding Round
09.03.2024
Biotech startup The Cat Health Company (TCHC), which aims to develop novel drugs against age-related diseases in felines, has raised a total... more
-
Florin Petolea, CTIO At Telekom Romania Mobile Communications, Leaves Company
09.03.2024
Florin Petolea, Chief Technology & Information Officer (CTIO) with Telekom Romania Mobile Communications since January 2023, has left the mobile... more
-
HILS Development Invests EUR3M In First Green Homes Certification
09.03.2024
HILS Development, an entrepreneurial company dedicated to responsible real estate development, announces the pre-certification of Green Homes for... more
-
Statistics Board: Romania Industrial Production Prices Up 2.6% YoY In July 2024
09.03.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) rose 2.6% in July 2024 compared to July 2023, data... more
-
Statistics Board: Romania's Hourly Labor Costs Up 6.7% In Q2/2024 Vs Q1/2024
09.03.2024
Romania's hourly labor costs adjusted to the number of working days climbed 6.79% in the second quarter of 2024 compared to the first quarter of... more
-
ROCA Industry Wants to Raise Up To EUR10M from Local Capital Market Investors Via Bond Issue Program
09.03.2024
The shareholders of ROCA Industry, a Romanian construction materials holding, have recently approved the proposal to launch the company’s first... more
-
ClusterPower 2023 Turnover Down 38% To RON8M
09.03.2024
Cluster Power SRL, which operates one of Romania’s biggest data centers, located near Craiova, in 2023 registered RON8.1 million turnover, down... more
-
Prebet Aiud Sees H1/2024 Profit Halve To RON1.9M
09.03.2024
Concrete prefab manufacturer Prebet Aiud, in the first six months of 2024 posted RON1.87 million net profit, from RON3.71 million in the same... 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.