Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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Turbomecanica And Prebet Aiud To Be Included In MSCI Frontier IMI And MSCI Romania IMI As Of Nov 26, 2024
11.08.2024
Starting November 26, 2024, the shares of two new companies listed on the Bucharest Stock Exchange, namely Turbomecanica (stock symbol: TBM) and... more
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Romania's Central Bank Further Keeps Key Rate Steady At 6.5% a Year
11.08.2024
Romania's central bank has decided at its Board meeting on Friday (Nov 8, 2024) to keep its key interest rate unchanged at 6.5% a year, the level... more
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Entrepreneur Stefan Mandachi Invests EUR5M in 12 Premium House Compound in Miroslava
11.08.2024
Entrepreneur Stefan Mandachi, who founded and subsequently sold Spartan restaurant chain, is investing EUR5 million in a 12 premium villa compound... more
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Ferenc Korponay Buys Canning Factory In Alba County, Starts Making Pet Food
11.07.2024
Romanian entrepreneur Ferenc Korponay, known for founding, developing and then selling the Maravet business, which operates in the animal products... more
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Port Operator Socep Shareholder Asks For RON55.7M Dividends
11.07.2024
Port operator Socep Constanta (SOCP.RO) on Thursday evening notified the Bucharest Stock Exchange that Sammarina Imobiliare, which owns 6.31% in... more
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Packaging Maker Electric Ends 2023 With Over RON63M Turnover
11.07.2024
Packaging maker Electric, based in the town of Focsani and owned by the Buzaianu family, ended 2023 with a turnover of RON63.4 million (EUR12.8... more
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Arctic Stream Reports RON8M Net Profit And RON107M Revenue For January-September 2024
11.07.2024
IT infrastructure and security integrator Arctic Stream (stock symbol: AST) reported net profit of RON7.96 million for the first nine months of... more
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Workshop Doors Borrows RON21M From First Bank To Refinance Previous Bank Loans And Fund Working Capital
11.07.2024
Workshop Doors, a subsidiary of construction holding company ROCA Industry, has announced in a stock market report on Nov 7 that it signed three... more
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Poland’s Elemental Holding Will Complete EUR20M Investment In Deva Recycling Plant In Almost Two Years
11.07.2024
The almost EUR20 million investment of Poland’s Elemental Holding Group, the largest electronics and electrical equipment recycling operator in... more
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Finance Ministry Raises RON1.09B From Banks Via Two Bond Issues On Nov 7
11.07.2024
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (Nov 6), selling government paper in two auctions, at annual average... more
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Competition Council Greenlights La Fantana's Takeover By Axel Johnson Inc.
11.07.2024
Romania's Competition Council has approved the transaction through which Axel Johnson Inc. intends to take over part of the capital of La Fantana... more
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Statistics Board: Romania Retail Sales Grow 8.4% YoY In January-September 2024
11.07.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.4% in unadjusted data and by 7.7% when... more
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Coface CEE TOP 500 Companies: Poland In The Lead, Followed By Czech Republic, Hungary, Romania
11.07.2024
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and... more
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IBC Focus: Six of Ten Largest Builders in Romania Expect Turnover Growth in 2024, 70% of Them Feel Skilled Workforce Shortage
11.07.2024
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey,... more
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Cushman & Wakefield Echinox: New Retail Space Deliveries Likely to Overshoot 200,000 Sqms in 2024, Close to 2023 Record High
11.07.2024
New retail project deliveries are likely to cross the 200,000-sqm threshold this year as well, close to the level of 2023, when developers built... more
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BVB 9M 2024 Operating Revenues Down 18% To RON30M, Net Profit Drops 39% To RON11M
11.07.2024
BVB in the first nine months of 2024 registered standalone operating revenues worth RON30 million, 18% lower than in the year-earlier period, and... more
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OMV Petrom Signs SAF Supply Contract with TAROM
11.07.2024
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract... more
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CIS Gaz 2023 Net Profit Up 74.8% To RON28.3M
11.07.2024
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth... more
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Norofert Invests RON17M in Filipestii de Padure Plant Lab
11.07.2024
Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years... more
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Bicycle Maker Eurosport DHS Revenue Shrinks 56.7% To RON232.2M In 2023
11.06.2024
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON232.2 million (about EUR47 million) revenue in 2023, down 56.7%... 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.