Romania’s Trade Deficit Shrinks 11.8% YoY To EUR8.8B In Jan-April 2023
06.09.2023
Romania's trade balance posted a deficit of EUR8.85 billion in January-April 2023, lower by 11.8% compared with January-April 2022, data from the country's statistics board INS showed on Friday (April 9).
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Bonas Switches To RON117,000 Net Profit In Q1/2023 After 73% Surge In Sales To RON7M Vs Q1/2022 05.31.2023
Cluj-based dairy producer Bonas Import Export (BONA.RO) has announced sales of RON7 million for the first quarter of 2023, up 73% on the year, and... more
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Dumagas Seeks To Scale Down Activity In Romania And Focus On Western Europe 05.31.2023
Local freight forwarder Dumagas, recently acquired by Omnia Capital, a company held by Matei Ladea and Bogdan Georgescu, is evaluating possible... more
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EY: UK And European Banks Report Strong Progress Towards Basel III Compliance 05.31.2023
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025... more
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Two New Companies Listed On Bucharest Stock Exchange To Be Included In MSCI Frontier IMI Indices 05.31.2023
The shares of the companies Societatea Nationala Nuclearelectrica (SNN.RO), the sole producer of nuclear power and nuclear fuel using CANDU 6 type... more
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INS: Romania Building Permits Down 32.3% YoY In April 2023 05.31.2023
Romanian authorities issued 2,677 residential building permits in April 2023, 20% fewer than in March 2023 and 32.3% fewer than in April 2022, data... more
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Romania Unemployment Rate Inches Up To 5.6% On Month In April 2023 05.31.2023
Romania’s unemployment rate stood at 5.6% in April 2023, higher by 0.1 percentage points than 5.5% in March 2023, data from the country’s... more
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Healthcare Network Regina Maria Invests over EUR3M in Biggest Regional Lab 05.31.2023
Healthcare network Regina Maria has invested over EUR3 million in the largest regional lab, located in Cluj-Napoca, a city where the company has so... more
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Footprints AI: Shopping Basket Monthly Average Value Up 10-15% in 2022 05.31.2023
The monthly average value of the shopping basket went up by 10-15% in 2022, with foodstuffs and consumer goods prevailing, reveals an analysis by... more
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Hochland Romania 2022 Profit Up 40% To RON46.7M YOY 05.31.2023
Hochland Romania, a major dairy producer locally, in 2022 reached turnover worth RON728.8 million (EUR147.8 million), up 31% on the year, in line... more
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Fashion Retailer New Yorker Sees 2022 Turnover Go Up 24.3% To RON518.5M YOY 05.31.2023
Cluj-Napoca-based NY’ER, manager of local New Yorker stores, for 2022 reported turnover of RON518.5 million (EUR105.2 million), 24.3% higher than... more
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DHL Romania 2022 Turnover Tops RON500M, Up 20% YOY 05.31.2023
Courier services company DHL International Romania, a major player on the local courier services market, boosted its revenues by 20% in 2022, to... more
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Biscuit Maker Croco Aims to Invest EUR12M to Develop Onesti Plant 05.31.2023
Croco, a Romanian biscuit manufacturer with a plant in Onesti, Bacau county, plans to invest EUR12 million starting 2024 over two years. more
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Pharma Group Bioeel 1Q/2023 Turnover Rises 40% To over RON215M 05.31.2023
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in the first quarter of this year... more
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Cereale Colect Distribution Doubles Turnover in Two Years 05.31.2023
Cereale Colect Distribution of Tulcea county, a business owned by Romanian entrepreneurs Tase and Dina Mergeani, generated turnover worth above... more
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Seedblink Crowd SA Posts RON3.1M Turnover And RON8.2M Net Loss In 2022 05.30.2023
Seedblink Crowd SA, the company behind technology startup investment platform SeedBlink, reported a turnover of RON3.125 million for 2022, down... more
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JW Marriott Hotel In Bucharest Doubles Revenue To RON154M In 2022 05.30.2023
JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever. more
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Arsis Posts RON139M Turnover In 2022, Up 2% YoY 05.30.2023
Arsis Trading, the largest GSM retailer held by a Romanian entrepreneur, had a turnover of RON139.1 million in 2022, up 2% versus 2021, as per data... more
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Samsung Sees Continued Growth In Romania In 2022 05.30.2023
Samsung Romania, the local subsidiary of South Korea giant Samsung, one of the world's largest producers of electronic devices, enjoyed a new year... more
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Artrom Steel Tubes Posts 32% Growth In Revenue To RON1.9B In 2022 05.30.2023
Artrom Steel Tubes (formerly TMK Artrom), a manufacturer of industrial pipes, ended last year with RON1.9 billion (EUR386 million) revenue, an... more
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We As Web Opens Offices In UK And Germany; Eyes Expansion Into Austria, The Netherlands And France 05.30.2023
We As Web, a Romanian software development outsourcing company, has opened new offices in the UK and Germany, and seeks to expand further into... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal 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
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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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.