03.20.2023

OMV Petrom (SNP.RO), the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022, compared with RON55 billion in 2022 and the net profit should reach RON3.9 billion compared more

03.10.2023

OTP Bank Romania posted after tax profit of RON34.6 million in 2022, an decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in line more

03.10.2023

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continued to slide and ended the March more

03.03.2023

Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the current value in more

03.01.2023

SIF Banat Crisana (SIF1.RO), a financial investment company that will soon change name to Lion Capital, announced its assets reached RON3.4 billion in 2022, compared with RON3.6 billion in the more

03.01.2023

Drilling company Dafora Medias (DAFR.RO) posted RON11.9 million revenue in 2022, 85.8% lower than the RON83.6 million of the previous year, ZF has calculated from the data in the company’s financial more

02.23.2023

Franke Romania, the local subsidiary of the Swiss group by the same name, ended last year with EUR12.9 million revenue, its officials say. The revenue was 5% lower than in 2021, as ZF calculated from more

02.20.2023

The number of real estate transactions, which include houses, land and apartments, decreased in January by 44.4% compared with December 2022, data provided by the National Agency for Cadaster and Land more

02.14.2023

Romania’s industrial production slumped by 1.8% in 2022 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-9.4%), mining industry (-2.8%) and more

02.13.2023

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continues downward trend, slipping to more

01.18.2023

Birth rate decline has become one of the most obvious problems Romania is currently coping with. more

01.11.2023

The mild winter so far, but also efforts to boost energy consumption efficiency in particular, have led to continued declines in electricity demand in 2023 as well. more

12.27.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 7.61% a year in the more

11.15.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 7.98% a year on more

11.08.2022

Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, announced on the Bucharest Stock Exchange a net profit of RON2.5 million in the first more

11.08.2022

Retail turnover, a barometer for private consumption, declined by 3.6% in gross series in September from August amid falling sales of foodstuffs, beverages and tobacco (by 8.3%, fuel (by 2.2%) and more

10.25.2022

Orange Group Romania ended the first nine months of 2022 with consolidated revenue of EUR1.168 billion, down 1.5% compared with the same period in 2021, as a result of higher equipment sales and lower more

10.21.2022

Bearing manufacturer Timken Romania, the local subsidiary of the US Timken group, posted RON460.6 million (EUR93.6 million) revenue in 2021, down about 6.5% from the RON492.6 million (EUR101.8 more

10.20.2022

Romania’s beer market decreased by 4% in the first eight months of 2022 as compared to the same period in 2021, after the first four months had brought a 10% volume decrease, in line with data more

10.12.2022

Time International textile factory in Alexandria, Teleorman, which started mask production during the pandemic, is still making masks, but a much lower capacity compared with the beginning of the more

10.12.2022

Romania’s beer market ended the first half of 2022 with a 4% decline after the first four months had brought a 10% volume decrease, in line with data provided by the Romanian Brewers Association. more

10.04.2022

The prices of old three-room apartments in Bucharest went down, on average, by EUR750 or 0.7% to EUR108,350 in September. The decline is higher than the EUR150 registered in August versus July, shows more

09.05.2022

Prices of Bucharest’s old three-room apartments dropped, on average, by EUR150 or 0.1% in August month-on-month, to EUR109,100, shows ZF real estate index compiled with real estate consultancy SVN more

09.02.2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ends the week at 7.93%, after staying more

08.29.2022

iHunt Technology Import-Export (HUNT.RO), a supplier and manufacturer of mobile phones and gadgets, posted RON1.9 million net profit in the first half of 2022, down 29% from the year-ago period, its more