01.10.2024

The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's Global more

01.08.2024

iBanFirst analysts expect a slight depreciation trend for the Romanian leu (RON) versus the euro and dollar in the first quarter of 2024, amid weak growth of the Romanian economy. more

01.04.2024

2023 air traffic neared the 2019 level. The number of flights in 2023 was just 0.3% lower than in 2019, in line with Eurocontrol data, which shows air traffic is similar to the pre-pandemic level. more

12.27.2023

Private lending in Romania grew by 5.4% in nominal terms (down 1.2% in real terms) to RON384 billion in November 2023 compared with November 2022, central bank data showed on Wednesday (Dec 27). more

12.21.2023

The four-star hotel Cismigiu in Bucharest, one of the city's landmark buildings, controlled by the Spanish Hercesa, will end this year with EUR1.9 million revenue, higher than in 2019, the benchmark more

12.20.2023

Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-November, with a volume of 133,238 units, up 14% from the year-earlier period. more

12.18.2023

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with more than RON500 million (EUR100 million) revenue, more than more

12.18.2023

The year 2023 was a year of consolidation and maturity for Kaufland Romania, when the retailer continued to expand fast, by opening 13 new hypermarkets, says Valer Hancas, communication and corporate more

12.15.2023

Romania’s IPO market continues to grow despite a challenging global environment for stock listings and the outlooks remain upbeat, after in 2023 the market capitalization of companies listed at the more

12.13.2023

Integrated meat and meat products producer Ferma Zootehnica, controlled by the Lazar family from Baia Mare, posted EUR43 million revenue in the first ten months of this year, up 14% compared with the more

12.13.2023

FAN Courier, the leader of the parcel delivery market in Romania, saw its revenue go up 15% to RON1.25 billion this year. The growth is because of the growth of online sales, of the investments the more

12.07.2023

Bookstore chain Carturesti expects to end this year with 20% higher revenue, as sales went up and the network expanded with stores to several cities in the country. more

12.07.2023

Romania's economy grew by 1.4% in real terms (in unadjusted data) and by 2.2% in seasonally adjusted data, year-over-year in the first nine months of 2023, provisional (1) estimates from the country's more

12.07.2023

Dairy manufacturer Artesana based in Tecuci, Galati county, aims for 50% annual turnover growth in the following years, after having completed the over EUR6 million investment in its second plant in more

12.06.2023

Constanta harbor in 2022 posted the third biggest increase at a European level in terms of the volume of handled freight, with a 15% plus, only behind Poland’s Gdansk (plus 40%) and Spain’s more

11.27.2023

Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, more

11.22.2023

Industrial bakery business Boromir expects to end 2023 with EUR160 million revenue. However, it seeks fast-paced growth in the future, to reach the EUR500 million revenue mark. more

11.21.2023

Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-October 2023, with a volume of 122,104 units, up 15.4% from the year-earlier period, of which 12,88 more

11.17.2023

IKEA Romania, one of the largest furniture and home decor retailers in the market, posted 14.1% growth in sales to more than RON1.2 billion in the fiscal 2023, after having sold more than 22 million more

11.16.2023

The European Commission forecasts, in its autumn economic report for Romania, that the real GDP growth is expected to slow to 2.2% in 2023 due to high inflation limiting disposable income, restrictive more

11.16.2023

Construction material holding company Roca Industry (ROC1.RO), launched by Roca Investments, posted RON439.2 million revenue for its companies in the first nine months of the year, an increase of 7.9% more

11.16.2023

Precast concrete product manufacturer ASA CONS based in Turda ended the first nine months of this year with EUR28.3 million revenue, up 12% compared with the same period last year, the company said. more

11.16.2023

Agrotex, the farm input supplier based in Carei, Satu Mare County, and owned by Adrian Mircea Lata in partnership with Florentina Lata and Mirela Dana Savinescu, posted RON763.4 million (EUR149.3 more

11.16.2023

Romanian-owned textile manufacturer Pandora Prod in Focsani posted RON216.6 million (about EUR44 million) revenue in 2022, up 31.6% from the previous year’s almost RON164.6 million (EUR33.4 more

11.15.2023

Germany’s drugstore chain dm drogerie markt, which has 139 stores in Romania, ended the financial 2022-2023 (October 1 – September 30) with more than RON1.3 billion sales, an increase of 58% more