Romania Insurance Market Reaches over RON36B Assets in 2024
yesterday, 09:37
Insurers’ total assets crossed the RON36 billion threshold at the end of 2024, coming to weigh 2.1% in GDP, reveals the latest report on non-banking financial markets stability published by the financial watchdog ASF.
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Radisson Hotel Group Looks at Iasi, Craiova and Oradea to Open New Radisson Hotels 01.30.2025
Radisson Hotel Group, one of the world's leading hotel chains, is eyeing several cities of Romania to open new hotels under one of its brands.... more
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Avon Adds Franchised Brick And Mortar Stores In Romania 01.29.2025
Direct selling company Avon, one of the largest actors on the cosmetics market in Romania, expanded into retail last year, opening franchised stores. more
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Avioane Craiova Seeks To Get RON300M Loans From BCR 01.29.2025
Avioane Craiova (AVIO.RO), a Romanian aeronautical company, has called shareholders for a general meeting on March 6, when they are to vote on... more
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Claudia Sofianu, EY Romania: Reinventing The Job Market: Five Best Measures To Attract And Retain Talent 01.29.2025
Identifying how companies can turn their workforce into one of their strengths was the main area of analysis in the fifth edition of the global... more
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PPC Renewables Romania Unveils New Control Room 01.29.2025
PPC Renewables Romania, part of the PPC Group, has inaugurated a new control room adapted to handle a larger volume of installations in efficient... more
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Auchan Set To Open Two New Stores In The Coming Period 01.29.2025
French food retailer Auchan is carrying out a recruitment campaign for more than 120 employees as it seeks to open two new stores in the coming... more
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factory by Raiffeisen Bank Program Funded Over 560 Businesses In Last 7 Years, Total Financing Value Tops EUR30M 01.29.2025
The factory by Raiffeisen Bank program, launched seven years ago to support beginner entrepreneurs, has provided funds for more than 560... more
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Principal33 Reports EUR20M Revenue For 2024 01.29.2025
Principal33, a European software development company founded in Romania, ended 2024 with EUR20.3 million in revenue driven by its Romanian... more
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Leroy Merlin To Open Its 2nd Store In Iasi In First Half Of 2025 01.29.2025
French do-it-yourself (DIY) retailer Leroy Merlin will inaugurate its second store in the city of Iasi, in the first half of 2025, within the new... more
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Remus Aurel Benta Plans To Build EUR73M Basaltic Wool Plant via Construct Plus 01.29.2025
Businessman Remus Aurel Benta, a stakeholder in building materials maker Daw Benta and other firms, plans to build a basaltic wool plant near... more
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Romanian Companies Spent More Than $330 Million To Buy Businesses Abroad in 2024 01.28.2025
Romanian companies conducted 18 transactions abroad in 2024, spending more than $330 million to buy businesses in the US, Italy and Austria,... more
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Marian Alecu Set To Invest EUR3.5M And EUR2.5M In Hotels In Bucharest And Sibiu 01.28.2025
Marian Alecu, the entrepreneur who started the McDonald’s network in Romania, is preparing two new investments in hotels, one in Sibiu and the... more
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EUR500M RIVUS Project To Bring Chic Chic Urban Fashion Store Chain To Cluj-Napoca 01.28.2025
RIVUS, the mixed-use project developed by IULIUS and Atterbury Europe within an investment estimated at EUR500 million, will bring Chic Chic Urban... more
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OMRO IFN To List Its Third Bond Issue On Bucharest Stock Exchange On Jan. 30, 2025 01.28.2025
OMRO IFN, a non-banking financial institution funding Romanian agriculture SMEs and local businesses, will be listing a bond issue of EUR1.56... more
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EY: 92% Of Global Investors Unwilling To Sacrifice Short-term Performance For Longer-term Potential Benefits Of ESG Investments 01.28.2025
A blinkered view of climate change and sustainability has taken hold across the world's investor community and is fueling a focus on short-term... more
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INS: Romanian Execs See Relative Stability In Economic Activity And Staff Numbers In Manufacturing And Services In Jan-March 2025 01.28.2025
Romanian managers expect relative stability in the economic activity and the number of employees in the manufacturing and services sectors and a... more
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Spectral Mobila Ends 2024 with EUR7.5M, Up 13% YOY 01.28.2025
Furniture producer Spectral Mobila, which owns a plant in Vaslui county, ended 2024 with net turnover of EUR7.5 million, 13% higher than in 2023. more
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Bergenbier Head Appointed President of Romanian Brewers Association 01.28.2025
Mihai Voicu, general manager of Bergenbier S.A., a company part of Molson Coors Beverage Company, has been appointed chairman of Romanian Brewers... more
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Trimconserv Lists RON2.5M Bond Issue on Bucharest Stock Exchange 01.28.2025
Tricomserv, a Romanian company specialised in industrial production and manufacturing of equipment for water supply and sewage systems, makes its... more
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Eurobank Sells IMO Property Investments Bucharest to APS Group 01.28.2025
Greek group Eurobank has sealed an agreement to sell IMO Property Investments Bucharest, securing the strategic supervision and sale of its Romania... more
Romania’s economic growth is forecast to pick up gradually to 3.1% in 2025 and 3.6% in 2026, while its public finances will continue
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Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data
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Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania
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Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the
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Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers
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Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of
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Romanian investors last year spent EUR577 million on acquisitions in the region, three times more than in 2023, in line with data from
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Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.