Romania's hourly labor costs adjusted to the number of working days increased by 16.04% in the first quarter of 2025 compared to the same period of 2024, data from the country's statistical office INS showed on Thursday (June 5).
Romania's Competition Council has authorized the transaction through which Bavaria Cars S.R.L. and AB Immo Cluj S.R.L. plan to acquire certain assets owned by Land Motors S.R.L.
Czech financial group Partners is expanding its footprint in Romania by acquiring loan broker Kiwi Finance, a company that will continue to operate independently, under the same brand and with the same leadership team.
Romanians spent EUR59 million in cinemas in 2024, 5% less than in 2023 as ticket prices rose by 10% last year and the number of spectators was 14% lower than in the previous year, in line with National Film Center data analyzed by real estate consultancy Cushman & Wakefield Echinox.
The increasingly easy access to loans, economic instability and rising constructions costs shaped up a quite tense start to the year for the housing market. Thus, in the first four months of 2025 the number of deals with apartments in Romania declined by almost 9% against the year-earlier period.
Romania banks are at the bottom of the European ranking in terms of profitability per client, with just EUR77, in the context of a EUR168 average in Eastern Europe and a record high EUR238 at the level of the entire Europe, reveals the European Retail Banking Radar report compiled by global consultancy Kearney.
Pascani-based Kosarom group of firms, majority held by Apostol family, is doubling its investment budget in 2025 against 2024 to RON25.8 million (over EUR5 million).