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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Gral Medical Set To Open New Centers In Four Cities In Romania In 2024
06.18.2024
The Gral Medical Group, created by the Serban family, will expand with four new centers in 2024 to add to the network of medical laboratories,... more
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First ibis Styles Hotel On Romanian Black Sea Coast Opens In Venus Resort
06.18.2024
ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut... more
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OMV Petrom Plans To Distribute RON1.9B Special Dividends
06.18.2024
OMV Petrom (SNP.RO) is calling shareholders for July 25 to approve, among others, the distribution of a RON0.03 gross special dividend per share or... more
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Visa: 83% Of Romanians Planning A Holiday Abroad Will Pay Digitally When Away
06.18.2024
This year, 37% of Romanians intend to go on holiday abroad and the most popular direction proved to be Greece; on the longest of foreign journeys,... more
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Winemaker Purcari Gets New CFO
06.18.2024
Purcari (WINE.RO), one of the leading wine producers in Central and Eastern Europe, on Tuesday announced the appointment of Anatol Belibov as the... more
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Over 800.000 SMEs In CEE Can Gain Access To Market Proven Sustainability Know-how And Tools After Significant Regional Investment
06.18.2024
SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local... more
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European Investment Fund Launches Gender Smart Equity Investment Program
06.18.2024
The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions... more
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Competition Council Sets Off Inquiry Into Archive Services Market For Pensioners
06.18.2024
Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 5th Consecutive Month
06.18.2024
Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared... more
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Two Financial Services Firms Lease 1,500 Sqms of Office Space in America House Office Building
06.18.2024
America House, the office building having among shareholders Morgan Stanley and David Hay, has added to financial services multinationals, VSR and... more
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Becali Family Chases Dobrogea Wind
06.18.2024
A giant project of around 770 MW in Suceava got Transelectrica’s technical ok last month to connect to the network. more
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UPS Banks on Romania Firms’ Exports to Boost Local Business
06.18.2024
UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to... more
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Deloitte’s IT Services Center Growth Rate Abruptly Slows Down In 2023
06.17.2024
Deloitte Tehnologie SRL, the IT services center the consulting and auditing company opened in Bucharest in 2016, saw its revenue growth pace... more
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IBB Holding Seeks To Raise EUR10M Via Bucharest Stock Exchange
06.17.2024
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise... more
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Agroland Business System Calls Shareholders To Vote On Equipment Purchase And Loans
06.17.2024
Entrepreneurial group Agroland Business System (AG.RO), which owns the largest farming supplies store chain in Romania, on Monday added more items... more
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Votrom's 2023 Profit Up 19.5% YoY To Almost RON21M
06.17.2024
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than... more
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Japan’s Nidec Hits EUR45.1M Turnover In 2023 With Oradea Plant, Up 5.6% YoY
06.17.2024
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6%... more
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INS: Romania Manufacturing Industry Orders Down 3.6% On The Month In April 2024
06.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in... more
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INS: Romania Industrial Sales Edge Down 0.3% On The Month In April 2024
06.17.2024
Romania’s industrial sales (on the domestic and external markets) inched down 0.3% in nominal terms in April 2024 compared to March 2024, but... more
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Japan’s Sumitomo Buys Romania's Farming Input Wholesaler Naturevo
06.17.2024
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler,... 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.