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Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working days, in January-July 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Thursday (Sept 5).
Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with a 62% share of traded volumes, the biggest quarterly weight since Q1/2022, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Estep B2B, which operates Samsung Mobile Store network of Bucharest, Ploiesti and Iasi, in 2023 posted lower turnover and net profit, with a higher number of employees.
Danone, one of Romania’s largest dairy makers, is, starting this summer, producing high-protein yoghurts under YoPRO brand in its Bucharest plant.
Timisoara-based fuel supplier Artoil ended the first half of this year with turnover worth around RON510 million (EUR102.5 million), up 9% from H1/2023.
Local production of medicines covered 29% of drug sales in Romania in the first six months of 2024, an analysis by market research company Cegedim shows.
Life is Hard (LIH.RO), a technology company listed on the AeRO market of the Bucharest Stock Exchange, posted a consolidated net loss of RON1.7 million in the first half of 2024, from a net profit of RON3.8 million in the year-ago period.
Fondul Proprietatea (FP.RO) on Wednesday notified the Bucharest Stock Exchange that the Financial Supervisory Authority (ASF) had approved its buyback of shares the Fund issued both as shares and as global depositary receipts.
Fondul Proprietatea (stock symbol: FP.RO) has announced in a stock market report on Sept 4 that Fondul de Pensii Facultative NN Activ, Fondul de Pensii Facultative NN Optim and Fondul de Pensii Administrat Privat NN have reduced their holdings to 4.98% from 9.82% of the total voting rights in the Fund.
Leapmotor International, a 51/49 Stellantis-led company, will start selling electric vehicles on nine European countries, including Romania.
Romania's national grid company Transelectrica (stock symbol: TEL), Georgian State Electroysstems, AzerEnerji and MVM Electrical Works have signed the shareholders’ agreement of the project company Green Energy Corridor Power Company with the headquarters in Romania, Transelectrica announced in a stock market report.
Mineral wool producer Knauf Insulation, part of Knauf group, has finalized the construction of Tarnaveni, Mures county, plant, the company’s most advanced production unit in CEE.
Romania's Competition Council fined FCC Environment Romania SRL a total RON2.045 million (EUR410.000) for abusing its dominant position on the market for the storage service of non-hazardous industrial solid waste that cannot be recovered (non-recyclable).
Construction company Hidroconstructia, which went insolvent in early 2022, will be putting up for sale a portfolio of assets worth over EUR65 million, according to Infinexa Restructuring SPRL.
Romania public sector registered a job boom in 2024, with almost 20,000 jobs put on the market since the start of the year.
Travel platform Vola.ro forecasts a 30% revenue increase in 2024, to RON24 million, according to Daniel Truica, its CEO.
The pandemic, the rise in interests and material prices, the work for home and the acute shortage of construction permits in the past four years have put so much pressure on the office space market in Bucharest that 2024 is the first year when no developer delivered a large office building.
Green Leaves Technical SRL, the sole licensed distributor of Chinese smart devices brand OnePlus/Oppo in Romania, ended 2023 with a turnover of RON230.9 million, down 8% year-over-year, and net profit of RON5.1 million, down 27% versus 2022, in line with data available on the finance ministry website.
Licurici Impex, a consumer goods wholesaler of Onesti, Bacau county, ended the first half of 2024 with a turnover of RON275 million (EUR55.2 million), up 15.5% year-over-year, due mostly to an increase in the volumes sold and partly to higher prices of products, in line with data provided by the company.
Bathroom furniture manufacturer Savini Due will finalize a more than EUR35 million investment project this year, which entailed construction of a new plant in Sebes with a total area of about 100,000 square meters, almost 60,000 square meters of which allocated to manufacturing sheds.19292 items