Romania Forex Reserves Shrink To EUR62.8B In October 2024
today, 18:22
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September, Romania’s central bank announced on Friday (November 1, 2024).
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Fast-Food Chain Hesburger Opens Fifth Restaurant In Romania
today, 16:55
Fast-food restaurant chain Hesburger has opened a new restaurant in the Baneasa Shopping Mall in Bucharest, following an investment of EUR0.5 million. more
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New Car Registrations Up 1.4% YoY To 11,552 Units In October 2024
today, 14:23
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association... more
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Appraisal & Valuation Posts 27% Increase In Revenue To RON5M In Jan-Sep
today, 13:51
Appraisal & Valuation (APP.RO), a company that provides real estate appraisal, consulting and development services, posted RON5.1 million revenue... more
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Axel Johnson Inc Buys La Fantana From Oresa Ventures And Cristian Amza
today, 13:16
Axel Johson Inc (AJI), a US company held by Swedish Johnson family, on Friday announced the acquisition of La Fantana S.R.L., one of the main... more
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Hyatt Looking At Bucharest For Expansion
today, 12:12
The Hyatt Group, which has recently signed the franchise agreement for the ARO Palace Hotel to be reopened under the Hyatt Regency Aro Palace... more
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Yildiz Entegre Romania Sees Revenue Down, Posts Loss In 2023
today, 11:52
Yildiz Entegre Romania, part of the Turkish group with the same name that operates the MDF factory in Oarja, Arges County, posted RON504.4 million... more
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Grain Trader Agro Oil Services Swings To Loss In 2023
today, 11:13
Agro Oil Service (AOS), a grain trader, grain seed, pesticide and chemical fertilizer wholesaler and provider of grain transportation by road,... more
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Sameday Expects 40% Growth In Revenue In 2024
today, 10:54
Sameday, one of the largest actors on Romania’s parcel delivery market expects 40% growth in revenue this year, CEO Lucian Baltaru told a news... more
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Foreign Direct Investment In Romania’s Trade Overshoots EUR20B Mark in 2023
today, 09:39
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector... more
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BCR Reports RON2.21B Net Profit in Jan-Sept 2024, Up 30.6% YOY
yesterday, 12:05
Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2024 registered net profit worth RON2.21 billion... more
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Romradiatoare Switches to Losses in Jan-Sept 2024
yesterday, 11:44
Electrical components manufacturer Romradiatoare Brasov registered a RON11,223 loss in the January-September 2024 period, after a RON834,126 net... more
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Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
yesterday, 11:20
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn:... more
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BRD 9M 2024 Profit Down almost 11% To RON1.06B
yesterday, 10:58
BRD-SocGen, the fourth largest bank in Romania by assets, in the first nine months of 2024 raked in RON1.06 billion net profit, down almost 11%... more
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Fashion Days Jan-Sept 2024 Sales Rise 13.8%, Above Market Average
yesterday, 10:43
Fashion retailer Fashion Days, part of eMAG group, saw its sales on the Romanian market rise by 13.8% during the January-September period against... more
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Julius Meinl Romania 2023 Profit Up 85% To almost RON5M
yesterday, 10:26
Julius Meinl Romania, a major player on the premium coffee market, in 2023 registered turnover worth RON92.1 million (EUR92.1 million), up 21.4%... more
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Moldovan Carmangerie Returns to Profit in 2023
yesterday, 10:21
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3... more
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Premiere in Romania: Ford Otosan Set to Assemble in Craiova Batteries for the New Puma Gen-E and Electric Versions of Transit and Tourneo Courier
yesterday, 10:15
Ford Otosan Craiova yesterday opened the new battery assembly line set to support the production of EVs due to enter production in the coming... more
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Oil Drilling Company Foraj Sonde Videle Has New Surprise Shareholder: eMAG’s Stanciu
yesterday, 10:04
Iulian Stanciu, one of the best-known entrepreneurs in Romania, president of eMAG group, has entered the shareholding structure of oil drilling... more
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Germany’s Stada Opens EUR70M Turda Plant in Less Than Two Years
yesterday, 09:49
A new drug plant has officially launched in Romania after Germany’s Stada inaugurated the production unit of Turda, Cluj county. more
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Bucur Obor Ends First Three Quarters of 2024 with RON18M Turnover, RON11M Net Profit
10.30.2024
Bucur Obor company, which manages the Bucharest shopping center of the same name, posted RON18.2 million turnover in the first nine months of 2024,... 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.