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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OnePlus: Smartphone Sales in Romania Flat by Volume in Jan-Sept 2024, Up by Value
10.08.2024
In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the... more
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Romconstruct 2023 Turnover Up 4.4% To EUR36M YOY
10.08.2024
Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth... more
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Nexxon Turnover Up 10% YoY To Nearly RON88M In H1/2024
10.07.2024
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and... more
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Purcari Aims To Double Key Operating Metrics By Company’s Bicentenary In 2027
10.07.2024
Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new... more
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Kontron Services Romania Reports RON62M Net Loss For 2023, 13-Fold Higher YoY
10.07.2024
Kontron Services Romania, the local subsidiary of Austria's Kontron Group, with a major foothold on the market of integrated IT&C solutions supply... more
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EVOLOR Inaugurates New Factory On Oltchim Ramnicu Valcea Industrial Platform
10.07.2024
EVOLOR, one of the largest players in the Romanian varnish and paint production industry, is inaugurating a new high-performance factory on the... more
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Sphera Group Shareholders Approve RON1.05 Gross Dividend Per Share As Of Nov 7
10.07.2024
Shareholders of Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, approved... more
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Finance Ministry Raises RON500M From Banks On Oct 7, 2024
10.07.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an... more
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Selion Global Enters Romania In Partnership With Two Romanian Professionals In Executive Search And Leadership Advisory
10.07.2024
Selion Global, a global leadership consulting firm specializing in executive search, Board services, leadership advisory and consulting, is... more
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Competition Council Greenlights Acquisition Of MG TEC By Sarmis And Lightspan
10.07.2024
Romania's Competition Council has approved the transaction through which Sarmis Holding 4 SarL and Lightspan Management LTD intend to acquire MG... more
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Statistics Board: Average Income Per Household In Romania At RON8,210 In Q2/2024, Up 18.8% YOY
10.07.2024
The total monthly average income in Romania stood at RON8,210 per household, in nominal terms, in Q2/2024, representing RON3,274 per person, 2%... more
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Statistics Board: Romania Retail Sales Grow 8.1% YoY In January-August 2024
10.07.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7.3% when... more
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Law Firm Filip & Company Assisted Bank Consortium that Handled Bond Issue Via Which Romgaz Raised EUR500M
10.07.2024
Filip & Company assisted arrangers BT Capital Partners S.A., Citigroup Global Markets Europe AG, Erste Group Bank AG, J.P. Morgan SE, Raiffeisen... more
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Romania Pillar II Pension Funds Reach Record High EUR30B Assets
10.07.2024
The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income... more
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Brick Maker Cemacon Set to Delist from BVB Starting October 7, 2024
10.07.2024
Brick manufacturer Cemacon on Monday, October 7, announced the decision of the Financial Supervisory Authority (ASF) regarding the withdrawal of... more
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Deloitte Romania Assisted Alfa Group in Takeover of IRIDE Park
10.07.2024
Deloitte Romania assisted Romanian entrepreneurial group Alfa Group in taking over the largest part of IRIDE Park project, located in northern... more
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Stada’s Turda Plant Likely to Operate at Full Capacity at End-October
10.07.2024
The Turda plant has been authorized, the first testing lots have been manufactured and the production unit will most likely operate at full... more
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TeraPlast Set to Invest Funds Raised from Capital Hike in Development Plans
10.07.2024
TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains... more
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Grand Hotel Bucharest Ends H1/2024 With RON5.3M Net Profit, RON20M Revenue
10.04.2024
Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), ended the first half of... more
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New Tezaur Treasury Bills Available As Of Monday, October 7
10.04.2024
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, October 7, the ministry announced on Friday (Oct 4). 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.