Romania Unemployment Rate Falls To 5.3% Month-On-Month In March 2024
today, 13:20
Romania’s unemployment rate dropped to 5.3% in March 2024, lower by 0.3 percentage points compared to 5.6% in February 2024, data from the country’s statistics institute INS show on Tuesday (May 7, 2024).
-
AAylex ONE Cuts Losses Down To Half In 2023
today, 22:30
AAylex ONE of Buzau, the company behind the Cocorico poultry brand, posted RON43 million net loss in 2023, 60% lower than in 2022, Finance Ministry... more
-
Finance Ministry Raises Nearly RON1.87B From Banks Via Two Bond Issues On May 7
today, 16:42
Romania's Finance Ministry raised RON1.87 billion from banks on Tuesday (May 7), selling government paper in two auctions, at annual average yields... more
-
MetaWealth And One United Properties Conclude EUR20M Framework Agreement
today, 15:58
Fintech startup MetaWealth and One United Properties have signed a EUR20 million framework agreement for rental apartments, through which the users... more
-
Statistics Board: New Passenger Vehicle Registrations Up 4.5% YoY In Q1/2024
today, 15:39
New registrations of road vehicles for passenger transport increased by 4.5% in the first quarter of 2024 compared to the first quarter of 2023,... more
-
Digi Communications Wants to Reward Shareholders with RON120M
today, 15:23
Telecom operator Digi Communications will propose to its shareholders the distribution of RON120 million worth of dividends for fiscal year 2023,... more
-
Delgaz Grid Set To Invest RON365M In Natural Gas Networks In 2024
today, 15:13
Natural gas and electricity distribution company Delgaz Grid, a member company of the E.ON Romania group, has announced total investments of RON365... more
-
New Car Registrations In Romania Up 34.5% YoY In April 2024, To 13,276 Units
today, 14:58
New car registrations in Romania increased by 34.5% in April 2024 against the same month of 2023, up to 13,276 units, in line with data provided by... more
-
Nuclearelectrica Announces Resynchronization Of Cernavoda Unit 2 To National Energy System
today, 14:31
Nuclearelectrica (SNN.RO), Romania’s sole nuclear power producer, has announced in a stock market report on May 7 that Unit 2 of the Cernavoda... more
-
Infinity Capital Investments Wants to Sell Majority Stake in Constructii Feroviare Craiova for RON2M
today, 11:35
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, wants to sell the 77% stake it... more
-
Golden Foods Snacks Generates 7% of Turnover from Europe and Australia
today, 11:24
Golden Foods Snacks, which owns the ELMAS brand of seeds, peanuts and dehydrated fruits, raked in 7% of 2023 sales from abroad. more
-
Founders of Cake Maker Natural Set to Build Hampton by Hilton Hotel in Slatina
today, 10:30
Popescu family, which controls cake marker Natural, will start, in 2024 or 2025, the construction of a Hampton by Hilton hotel, with around 75... more
-
Bookstore Chain Carturesti Ends Q1/2024 with 8% Higher Turnover
today, 10:16
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, ended the first three months of 2024 with 8% higher turnover as the... more
-
Poland’s Martes Sport Builds Footprint on Romania’s Sporting Goods Market
today, 10:10
Polish retailer Martes Sport has reached around ten sporting equipment stores in Romania, betting on expansion in secondary cities such as Sovata,... more
-
BRD Sees Net Profit Down 5% To RON326M, New Loans Up In Q1
05.02.2024
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million,... more
-
Leoni Closes Ludus Plant In Romania
05.02.2024
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced... more
-
Coca-Cola HBC Romania Sales Shrink By Over 10% In Q1
05.02.2024
Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first... more
-
Romania Forex Reserves Shrink To EUR62.5B In April 2024
05.02.2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on... more
-
BCR Romania Manufacturing PMI Over 50 Points For First Time
05.02.2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards,... more
-
BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY
05.02.2024
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90%... more
-
CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%
05.02.2024
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million... 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.