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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NY’ER Romania's 2023 Turnover Up 13% YoY To RON586.6M
06.19.2024
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, reported a turnover of RON586.6 million (EUR118.6 million) for... more
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eMAG Close To One Million Customers For Its Genius Service
06.19.2024
eMAG, one of the largest online retailers in the region is nearing one million customers for its Genius service launched four years ago, which... more
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Artemob International Sees Turnover Plunge 16.8% YoY To RON111.7M In 2023
06.19.2024
Furniture maker Artemob International, controlled by French company P3G Industries, ended 2023 with a turnover of RON111.7 million (EUR22.6... more
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Libra Internet Bank Sees Romania's GDP Growing 2.6%, Key Rate Falling To 6.25%, Annual Inflation Dropping To 4.5% In 2024
06.19.2024
Libra Internet Bank expects Romania's gross domestic product (GDP) to grow 2.6% in 2024, Lucian Anghel, the bank's deputy chief executive officer... more
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Clifford Chance Badea Advises MORE In Acquisition Of 86 MW Project In Buzau
06.19.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, is advising Greek-based Motor Oil Renewable Energy Single Member... more
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BNR Okays Porsche Bank Acquisition by Altex Owner Dan Ostahie
06.19.2024
Romania’s central bank (BNR) has approved the direct acquisition by Dan Ostahie (90.10%), Altex owner, and Real Estate Srl (9.89) of the 100%... more
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One United Properties Secures EUR47M Financing From Banca Transilvania
06.19.2024
Real estate developer One United Properties (BSE:ONE) has announced in a stock market report on Wednesday (June 19) that its subsidiary One United... more
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INS: Romanian Construction Works Surge 10.3% On The Month In April 2024
06.19.2024
In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the... more
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Genesis Property Installs over 1,000 Photovoltaic Panels on YUNITY Park Buildings
06.19.2024
Developer Genesis Property, owned by Liviu Tudor, the biggest Romanian owner of offices, has announced the electricity for all projects in the... more
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Colliers: Romanians Are Increasingly Interested in Buying Houses
06.19.2024
Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis,... more
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Alexandrion Launches New Vodka Brand, Omu
06.19.2024
Alexandrion group has launched a new vodka brand, Omu, named after Omu Peak in Romania. more
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Major Changes in OMV Petrom 2030 Strategy
06.19.2024
OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green... more
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Furniture Maker ADA Switches Back to Profit in 2023
06.19.2024
ADA Fabrica de Mobila, a major local furniture producer, for 2023 reported turnover worth RON203.5 million (EUR41.2 million), up 3% from 2022, in... more
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Ukraine’s Richest Man Buys another Solar Park in Romania, Nears 1 GW Target for 2028
06.19.2024
DRI, the subsidiary of DTEK group owned by Ukrainian billionaire Rinat Akhmetov, has taken another step toward hitting the target of 1,000 MW in... more
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Vel Pitar Budgets EUR20M Development Investments for 2024
06.19.2024
Vel Pitar, Romania’s largest bakery producer, taken over last year by Mexican group Bimbo, has budgeted EUR20 million investments for this year... more
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Sameday Set To Invest RON150M To Boost Delivery Capacity In Romania, Hungary And Bulgaria
06.19.2024
Sameday, one of the largest parcel delivery companies in Romania, has budgeted investments of RON150 million to increase its delivery capacity in... more
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Fuel Supplier Smart Diesel Arad See Net Profit Nearly Triple YoY To RON137.7M In 2023
06.18.2024
Arad-based fuel supplier Smart Diesel ended 2023 with net profit of RON137.7 million (EUR27.8 million), almost three times higher than the net gain... more
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Banca Transilvania To Pay Its Shareholders RON1B Dividends On June 26
06.18.2024
Banca Transilvania (BSE:TLV), the largest credit institution in Romania, on June 26 will be distributing dividends worth RON1 billion from its 2023... more
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Ingram Micro Distribution's 2023 Net Profit Surges 58% YoY To RON9M
06.18.2024
Bucharest-based company Ingram Micro Distribution, part of US IT&C distribution group of the same name, had a net profit of RON8.9 million in 2023,... more
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Nuclearelectrica Revises Revenue And Profit Expectations Slightly Downwards
06.18.2024
State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, is getting ready to amend its 2024 budget to reflect a 2%... 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.