Top Ten Postal, Courier Firms In Romania Had RON2.8B Aggregate Turnover, Over 7,500 Employees In 2019
12.14.2020
The top ten postal and courier companies reported an aggregate turnover of RON2.8 billion in 2019, 15% higher than in 2018, according to ZF calculations and data provided by confidas.ro, and more than 7,500 employees, some 100 more than a year before.
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Eckerle Automotive Seeks to Hire over 40 People at Cluj-Napoca and Turda Plants
02.06.2024
Car parts supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle, currently has 43 jobs available for the production units of... more
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Bega Turism Set to Invest EUR12M in 126-Apartment Aparthotel
02.06.2024
Entrepreneur Marius Cristescu, who controls together with his brother Bega Turism, the largest tourism company in Timis county, plans to carry out... more
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Travel Agency Eximtur Expects 10% Higher Sales in 2024
02.06.2024
Travel agency Eximtur of Cluj-Napoca, one of the largest on the market, controlled by Morariu family, for 2024 projects a 10% sales increase from... more
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OSCAR Downstream Likely to Launch First OSCAR-Branded Filling Station in 2H/2024
02.06.2024
OSCAR Downstream, the biggest independent player on the local oil market, a EUR1.47 billion business in 2023 owned by businessman Alin Niculae, is... more
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Statistics Board: New Passenger Vehicle Registrations Up 6.7% YoY In Q4/2023
02.06.2024
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter... more
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Delgaz Grid Develops Natural Gas Distribution Network In Three Localities In Botosani County
02.05.2024
Natural gas and electricity distribution company Delgaz Grid has developed the gas distribution network in the localities of Hudum, Manastirea... more
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Top Brand Finance 500: Deloitte Ranked Sixth Strongest Brand In the World In 2024
02.05.2024
Deloitte holds the sixth spot in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most... more
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Trencadis Ends 2023 with over EUR33M Turnover, Up 39%, EUR1.2M Net Profit, 53% Higher Vs 2022
02.05.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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JYSK Continues Expansion in Romania
02.05.2024
JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday,... more
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SIF Muntenia Set to Change Name to Longshield Investment Group
02.05.2024
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with... more
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Wet Wipe Maker Europack Set to Boost Production Capacity by 35-40% in 2024
02.05.2024
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by... more
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Furniture Retailer Mömax Gets EUR56M Capital Injection, Set to Open Two New Stores
02.05.2024
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December. more
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Romgaz Plans To Issue First Tranche Of Bonds, Of EUR500M, In H2/2024
02.03.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) plans to sell EUR500 million worth of bonds in the second half of 2024 in order to... more
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ACAROM: New Car Registrations In Romania Up 4.15% YoY To 12.733 Units In January 2024
02.02.2024
New car registrations in Romania increased by 4.15% on the year to 12,733 units in January 2024, in line with data released on Feb 2 by Romanian... more
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Romania May Attract Over EUR40M Investment In Lithium-Ion Battery Recycling Facility
02.02.2024
The National Battery Recycling System Association (SNRB) and Ecowes, the battery collection and recycling company from Romania, become partners... more
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China's Haier Group Set To Lay Off 40% Of 1,000 Employees At Its Refrigerator Factory In Prahova County
02.02.2024
China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention... more
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Colliers Predicts Investment Rebound For CEE Real Estate Market In 2024
02.02.2024
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and... more
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ING Bank: Most Romanian Homeowners Took Measures To Enhance Energy Efficiency Of Their Homes, In Last 3 Years
02.02.2024
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three... more
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Energy Ministry Launches 2nd Edition Of Electric Up Program
02.02.2024
Romania's energy ministry has announced the launch of Electric Up 2, a program that offers support to SMEs and the hospitality industry for the... more
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New Issue Of Bittnet System Bonds Starts Trading On Bucharest Stock Exchange On Feb 2
02.02.2024
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.