08.11.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has dropped further to 8.02% a year on more

07.25.2022

OMV Petrom, Romania’s largest natural gas producer after Romgaz, ended the first half of this year with a natural gas production of 1.7 billion cubic meters, 11% lower from the same period of last more

07.20.2022

Hidroelectrica, Romania's largest state-owned energy producer, ended the first half with a 3 TWh decrease in energy production compared with last year when the company injected more than 10 TWh into more

07.04.2022

Romania’s beer market suffered a 10% decline in the first four months of 2022 from the year-earlier period after, at the level of Europe, sales in bars and restaurants dropped by 35% in 2021, shows more

06.14.2022

Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3 billion, EUR2.4 billion lower than on December 31, 2021, more

06.09.2022

Construction company P.A.B. Romania, controlled by entrepreneur Ion Sandu in Arad, posted RON195.5 million (EUR39.7 million) revenue in 2021, down 19.7% compared with the RON243.6 million (EUR50.4 more

06.01.2022

HeidelbergCement Romania, the local subsidiary of Germany’s group by the same name ended 2021 with 1% rise in revenue to some RON1.3 billion. more

05.06.2022

Banca Transilvania (TLV.RO) financial group made RON400 million consolidated net profit in the first quarter of 2022, down 39% from the RON656 million of the same time in 2021, ZF has calculated from more

04.26.2022

TeraPlast Group (TRP.RO) posted RON6.8 million net profit in the first quarter of 2022, compared with RON200.6 million in the first quarter last year, while revenue from its contracts with customers more

03.25.2022

Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry more

01.03.2022

Romanians registered 121,208 new cars last year, 4% below the 2020 level of 126,351 units, data published by Romania’s carmaker association ACAROM showed on Monday. more

12.31.2021

The average ratio of non-performing loans (NPL) in the Romanian banking system fell below 4% of total loans in the first ten months of 2021, Romania’s central bank data show. more

12.23.2021

Calin Ilie, head of the Romanian Hospitality Industry Federation (FIHR), says the hotel sector will end this year with a decline of just 30% against 2019, when it reported a turnover of RON6.5 more

12.03.2021

BET, the benchmark index of the Bucharest Stock Exchange, declined by 3.5% in November 2021, which was its weakest month since October 2020, according to Bucharest Stock Exchange data. more

11.24.2021

Romania’s cosmetics and personal care market reached a value of EUR1.56 billion in 2020, the first pandemic year, 2% less than in 2019, in line with data provided by market research company more

10.19.2021

Retail and wholesale trade reached RON583 billion last year, down from RON595 billion in 2019, the last pre-pandemic year. Despite the health crisis turned into an economic crisis, 2020 was the second more

10.14.2021

Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million) of 2019, more

09.17.2021

After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non-housing more

09.06.2021

Sphera Franchise Group (SFG.RO), the operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, which is also developing the KFC brand in Moldova and Italy, on Monday notified the Bucharest more

08.30.2021

Poultry and poultry product company Safir posted RON155.9 million (EUR32.9 million) revenue in 2020, a decline of 8% year-on-year, ZF has calculated from Finance Ministry data. more

08.27.2021

Four-star Capital Plaza Hotel in Bucharest posted almost 80% decline in revenue to merely RON3 million in 2020, Finance Ministry data show. more

08.26.2021

The number of pharmacies in Romania went down slightly by 54 in 2020, but last year was the second year of decline, National Statistics Institute data show. The decrease in 2019 was about the same as more

08.11.2021

The pandemic led to changes in the residential rental market in Bucharest, both in terms of the average rent apartment owners ask and in terms of potential tenants, who chose to give up living in a more

08.04.2021

Romania was and still is one of the most important footwear manufacturers of Europe, but exports shrank a lot in 2019 and especially in 2020. more

07.28.2021

Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura group, posted RON127.9 million (EUR26.5 milion) revenue in 2020, a decrease of 47% year-on-year more