Romania Car Output Up 8.6% in H1/2024 To 292,378 Units
yesterday, 10:47
Romania car production rose by 8.6% in the first six months of 2024 against the year-earlier period, to a total of 292,378 units, of which 169,990 cars were churned out by Automobile Dacia and 122,380 by Ford Otosan, in line with data provided by the country’s carmakers association ACAROM.
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Logistics Space Developer WDP Takes EUR250M Loan From EIB For Rooftop Solar Panels And EV Charging Stations
yesterday, 20:31
Belgian-held logistics space developer Warehouses De Pauw (WDP), also present in Romania, is taking a EUR250 million loan from the European... more
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Winemaker Cramele Recas Buys Into Tenuta Odobesti
yesterday, 18:40
Winemaker Cramele Recas intends to buy into Tenuta Odobesti, joining Italian businessman Mosconi Fabrizio, who had owned the entire company until now. more
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Flag Carrier Tarom Plans To Return To Profit In 2024
yesterday, 14:51
Flag carrier Tarom set out to attain RON278 million profit in 2024 compared with a RON99 million loss in 2023, its spending and revenue budget... more
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Autoliv Romania Set to Invest EUR3M To Install Photovoltaic Systems at Brasov, Lugoj, Rovinari and Sfantu Gheorghe Headquarters
yesterday, 10:39
Automotive systems manufacturer Autoliv Romania will invest EUR3 million in a 5.7 MW photovoltaic project implemented by Allview Solar Energy, the... more
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DIY Retailer Leroy Merlin Aims to Open New Stores in Pitesti, Bucharest and Bistrita
yesterday, 10:01
Leroy Merlin, the second largest DIY retailer locally by turnover, is readying to open a new store in Bistrita next year, also having works... more
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Furniture Maker Iris Service Ciuc Posts 4.3% Lower Turnover in 2022, To RON168.1M
yesterday, 09:52
Furniture maker Iris Service Ciuc, controlled by entrepreneur Negru Petru, in 2023 registered turnover worth RON168.1 million (EUR34 million), down... more
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Linde Gaz Romania Sees 2023 Profit Rise by around 52% To RON366.3M
yesterday, 09:46
Linde Gaz Romania, the local subsidiary of German-US industrial group Linde Plc, in 2023 reached turnover worth RON1.087 billion (EUR219.8... more
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MMM Autoparts Returns to Profit in 2023
yesterday, 09:41
MMM Autoparts, a producer of hoses for the automotive industry and the local subsidiary of Spain’s MMM Group, for 2023 reported turnover of... more
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Preh Romania Narrows Down Losses in 2023 To almost RON21.3M
yesterday, 09:35
Car parts producer Preh Romania, a supplier to Porsche, Mercedes or Tesla, in 2023 registered turnover worth RON1.388 billion (EUR280.7 million),... more
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Hochland Romania 2023 Turnover Up 14.2% To RON832.8M
yesterday, 09:30
Hochland Romania, a major dairy producer locally, for 2023 reported turnover worth RON832.8 million (EUR168.3 million), up 14.2% from 2022, in line... more
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Delaco Distribution Doubles Profit In 2023
yesterday, 07:00
Delaco Distribution, held by France’s Savencia Fromage & Dairy, posted about RON594 million (EUR120 milion) revenue in 2023, an increase of 6.2%... more
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Pharmacy Chain Remedium Farm Close To RON300M Revenue In 2023
07.25.2024
Remedium Farm, a 32-pharmacy chain in Cluj County, held by pharmacist Viorica Garvea, has increased revenue by 17% to RON294 million in 2023,... more
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Cristian Stoenica Takes Reigns Of Metro Convenience Romania
07.25.2024
Metro has appointed Cristian Stoenica franchise director and member of the board of directors of Metro Convenience Romania, the operator of... more
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Finance Ministry Raises RON1.87B From Banks On July 25
07.25.2024
Romania's Finance Ministry has raised RON1.87 billion from banks on Thursday (July 25), after reopening a bond issue due in January 2026, instead... more
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OMV Petrom Shareholders Approve Distribution Of Special Dividend
07.25.2024
OMV Petrom (SNP.RO) shareholders during a meeting on Thursday, July 25, approved the allocation of a special dividend – the third such dividend... more
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Carrefour Inaugurates New Rebranded And Remodeled Hypermarket From Cora
07.25.2024
Retailer Carrefour is inaugurating a new rebranded and remodeled hypermarket of those it got from Cora, in the Supernova shopping center on Soseaua... more
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Allianz-Tiriac Becomes Official Insurer of Romanian Athletes at Paris Olympic Games
07.25.2024
Allianz-Tiriac Asigurari, part of German group Allianz and the representative in Romania of the world’s most valuable insurance brand, is the... more
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Auchan Expands ATAC Hiper Discount Network With Fifth Store, In Galati
07.25.2024
French-held retailer Auchan is opening a new store under the ATAC Hiper Discount format in Galati on Thursday, after having opened other such... more
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Arghezi 4 Office Building In Downtown Bucharest Attracts Four New Local Businesses As Tenants
07.25.2024
Italian restaurant Sciccheria, coffee shop Steam, artisanal gelateria Velocita, and artisanal patisserie French Revolution, all of them local... more
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Crayon Romania 2023 Turnover Up 42% To over RON191.2M
07.25.2024
Crayon Romania, a company specializing in professional IT services and software license resale, part of Norwegian group Crayon, ended 2023 with... 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.