Romania Unemployment Rate At 5.3% Month-On-Month In November 2024
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Romania’s unemployment rate stood at 5.3% in November 2024, lower by 0.1 percentage point compared to October 2024, data from the country’s statistics institute INS show on Wednesday (January 8, 2025).
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Prefab Bucuresti Sees Profit Plunge In Jan-Sep 2024
11.14.2024
Pre-cast concrete part manufacturer Prefab Bucuresti (PREH.RO), controlled by entrepreneur Petre-Marian Milut through Romerica International,... more
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Conpet Sees Turnover Rise 10% In Jan-Sept Period, To RON402M
11.14.2024
National oil transporter by rail Conpet Ploiesti (stock symbol: COTE) reported a turnover of RON401.8 million for January-September 2024 period, up... more
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Transgaz's 9-Mo Net Profit Jumps Nearly Four-Fold YoY To RON144M
11.14.2024
Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) ended the first nine months of 2024 with a net profit of... more
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Rondocarton Leases 4,500 Sqm Of Warehouse Space In VGP Park Timisoara
11.14.2024
Rondocarton, part of the Austrian Rondo Ganahl Group, a leading corrugated cardboard manufacturers in Romania, has leased 4,580 square meters of... more
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Finance Ministry Raises RON500M From Banks On Nov 14
11.14.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 14, 2024) selling benchmark bonds, at an annual average yield of 6.88%. more
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Romgaz To List At Bucharest Stock Exchange Its First Bond Issue Ever, Of EUR500M, On Nov 19
11.14.2024
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) will be listing at the Bucharest Stock Exchange, on Nov 19, the company's... more
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Zentiva Group Announces Intention To Delist Zentiva Romania From Bucharest Stock Exchange
11.14.2024
Drug producer Zentiva (SCD.RO) on Thursday announced the decision of the Financial Supervisory Authority on the approval of the notice that the... more
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Erste Group Cuts Romania's 2024 GDP Growth Forecast To 0.8% From 1.9%
11.14.2024
Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic... more
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Romanian Mihai Ionescu To Run KingsRock Advisors Business In Eastern Europe
11.14.2024
Mihai Ionescu, former CEO of Deutche Bank Romania, was recruited by KingsRock Advisors, a global independent financial advisory firm headquartered... more
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Cushman & Wakefield Echinox: Demand For Logistics And Industrial Spaces Reached 575,000 Sqm In Jan-Sept 2024, Down 20% YoY
11.14.2024
The demand for logistics and industrial spaces reached 575,000 square meters in the first nine months of 2024, which is lower by 20% compared with... more
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Wizz Air Adds New Aircraft To Its Bucharest Base, Unveils New Route
11.14.2024
Low-cost carrier Wizz Air has announced on Nov 14 the expansion of its Bucharest base with the addition of an Airbus A321neo aircraft in the summer... more
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Statistics Board: Romania's Economy Grows 1.1% In Q3/2024 vs Q3/2023
11.14.2024
Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged... more
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IMMO GURU Marks Its Debut On AeRO Market Of Bucharest Stock Exchange
11.14.2024
IMMO GURU, a company that operates in the field of renting own real estate as short-term and long-term accommodation, has made its entry to the... more
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Infinity Capital 9M 2024 Net Profit Soars 180% To RON138M
11.14.2024
Alternative investment fund Infinity Capital Investments ended the first nine months of 2024 with RON137.8 million net profit, 179% above the... more
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Alumil Ends 9M 2024 with RON88M Revenues, RON4.7M Net Profit
11.14.2024
Alumil Rom Industry, a leader on the aluminum systems market, reported RON87.7 million revenues for the first nine months of 2024, up 4%... more
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Meta Estate Trust Sees Revenues Rise 65% in Jan-Sept 2024, To RON25M. Net Profit Inches Up
11.14.2024
Real estate holding Meta Estate Trust posted RON25.5 million revenues in January-September 2024, 65% above the year-earlier level. more
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Banca Transilvania Convenes Shareholders To Vote on Merger by Absorption with OTP Bank Romania and BT Building
11.14.2024
The board of directors of Banca Transilvania, Romania’s largest lending institution, has convened the Extraordinary General Meeting of... more
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Furniture Maker Elvila Halves Turnover To RON8.2M in 9M 2024; Losses Narrow To RON4.8M
11.14.2024
Furniture maker Elvila, controlled by businessman Viorel Catarama, halved its turnover in the first nine months of 2024 to around RON8.2 million,... more
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Digi Communications Ends Jan-Sept 2024 with EUR1.4B Revenues, EUR435M EBITDA
11.14.2024
Telecom operator Digi Communications reported EUR1.4 billion revenues in the first nine months of 2024, up from EUR1.2 billion, and EBITDA of... more
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Transelectrica Reports RON1.74B Operating Income, Up 16%, and RON410M Net Result on Segment of Activity with Allowed Profit in 9M 2024, Double 2023 Level
11.14.2024
Romania’s national grid company Transelectrica in the first nine months of 2024 regisyered RON1.74 billion operating income, up 16%, mainly due... 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.