INS: Romanian Construction Works Surge 53.7% On The Month In February 2024
yesterday, 00:08
In February 2024, the volume of construction works increased, in unadjusted data, by 53.7% compared to January 2024 and was up 17.5% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Thursday (April 18).
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Germany's Bosch Group Reorganizes Bosch Global Business Services Division In Timisoara Into A Separate Firm
01.18.2024
Germany's Bosch Group is expanding its activity on the Romanian market by establishing a new company in Timisoara, Bosch Global Business Services... more
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Finance Ministry Raises RON900M From Banks On January 18
01.18.2024
Romania's finance ministry on Thursday (January 18) raised RON900.3 million selling discount treasury bills maturing in January 2025, at an annual... more
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Colliers: 2024 Shaping Up As Promising For Romania’s Economy And Implicitly For Real Estate Market
01.18.2024
2024 looks quite optimistic for Romania’s economy and, by extension, for the local real estate market, Colliers consultants predict in ”Top 10... more
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Survey: Almost 70% Of Gen Z And 73% Of Gen X Employees Voice Out Need To Work From The Office At Least 3 Days/Week
01.18.2024
Nearly 70% of Generation Z employees say they need for at least three days a week in the office, with 62% already working full time from the... more
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Farmacia Tei And Bebe Tei Expand To ElectroPutere Mall In Craiova
01.18.2024
Tei Group, which owns Farmacia Tei and Bebe Tei retail chains, has rented about 2,400 square meters in ElectroPutere Mall in Craiova, held by... more
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Lockheed Martin And Aerostar Bacau Open Maintenance Center For S-70 Black Hawk Helicopters
01.18.2024
Global security and aerospace company Lockheed Martin and Aerostar Bacau (ARS.RO), which is already doing maintenance for Romania’s F-16 fleet,... more
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Alpha Bank Romania Launches Online Fraud Prevention Service
01.18.2024
Alpha Bank Romania launched at the beginning of 2024 the identity verification function of the recipient of payments made through online banking by... more
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EY Index: 25% Of Buyers Acquire Their Cars Online But Dealerships Remain Crucial For Transition To EVs
01.18.2024
One in four buyers purchase their cars online, but dealerships remain crucial for the transition to electric vehicles (EVs), according to the... more
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Filip & Company Assisted Victoriabank In Finalizing Acquisition Of BCR Chisinau Branch
01.18.2024
Law firm Filip & Company law firm assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, in finalizing... more
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Bonds Worth EUR76M Issued By Cluj County Council Listed On Bucharest Stock Exchange As Of January 18
01.18.2024
Starting from January 18, 2024, Cluj County Council is present on the Bucharest Stock Exchange (BVB) with its first issue of bonds, the local stock... more
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Ascendis 2023 Revenues Rise 5% To almost EUR11M
01.18.2024
Ascendis Group, a leading player on the training and consulting market in the field of professional development in Romania, ended 2023 with... more
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Spectral Mobila Ends 2023 with EUR6.7M Turnover, Up 16% YOY
01.18.2024
Furniture producer Spectral Mobila, with owns a plant near Barlad and a store network under the same name, ended 2023 with net turnover worth... more
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New Car Registrations in Romania Up almost 12% YOY To 144,611 Units
01.18.2024
Romania ranks 14th in the EU by the number of new passenger cars registered in 2023, with a volume of 144,611 units, up 11.8% from 2022, out of... more
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Michelin Seeks to Hire over 140 People at Zalau Tire Plant
01.18.2024
Michelin Romania, part of French group Michelin, one of the world’s biggest tire producers, currently has 143 jobs available for the Zalau plant. more
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Samsung Romania: Premium Smartphone Segment Set to Top EUR1B for First Time in 2024
01.18.2024
The premium segment of Romania’s smartphone market, including phones with prices of above EUR600, will this year go beyond the EUR1 billion... more
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Preh Romania Expects EUR260M Revenue In 2024
01.17.2024
Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car... more
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Bittnet’s Dendrio Solutions Signs RON253M With Two Other Companies For Network Equipment Supply
01.17.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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IMPACT Developer & Contractor Concludes Six Contracts Worth Over EUR40M With RCTI Company
01.17.2024
Real estate developer IMPACT Developer & Contractor (IMP.RO) announced in a stock market report on Wednesday (Jan. 17, 2024) that it signed six new... more
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Kastamonu Romania Expects Revenue To Be Flat In 2024
01.17.2024
Kastamonu Romania (formerly Prolemn), held by Turkey's Kastamonu Entegre, expects similar results to last year's for its wood processing plant in... more
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Latvia's Eleving Group Raises EUR10M Financing From ACP Credit For Business Expansion In Romania
01.17.2024
Latvia's Eleving Group, a global multi-brand fintech company operating in the vehicle and consumer financing business, has obtained an investment... 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.