New car registrations in Romania increased by 34.5% in April 2024 against the same month of 2023, up to 13,276 units, in line with data provided by Romanian carmakers’ association ACAROM and the General Directorate for Driving Licenses and Vehicles Registration (DGPCI) on May 7, 2024.
Nuclearelectrica (SNN.RO), Romania’s sole nuclear power producer, has announced in a stock market report on May 7 that Unit 2 of the Cernavoda nuclear power plant has been resynchronized to the national energy system in the morning of May 7, 2024.
Romania’s unemployment rate dropped to 5.3% in March 2024, lower by 0.3 percentage points compared to 5.6% in February 2024, data from the country’s statistics institute INS show on Tuesday (May 7, 2024).
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, wants to sell the 77% stake it holds in Constructii Feroviare Craiova, with the minimum targeted price being RON1.99 million.
Popescu family, which controls cake marker Natural, will start, in 2024 or 2025, the construction of a Hampton by Hilton hotel, with around 75 rooms, in Slatina, explained Elena Zoica, Natural commercial manager.
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, ended the first three months of 2024 with 8% higher turnover as the network added units in several cities across Romania.
Polish retailer Martes Sport has reached around ten sporting equipment stores in Romania, betting on expansion in secondary cities such as Sovata, Husi or Rosiorii de Vede.
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million, while lending to individuals and companies grew at double-digit rates, the lender said in a report to the Bucharest Stock Exchange.
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced that it will close its factory in Ludus, Mures County.
Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first quarter, driven by Sparkling and Stills beverage categories, the group says in its latest financial report.
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024).
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which could be the first clear sign of rebound for the Romanian manufacturing sector, although the recovery is expected to be non-linear, a report by Erste Group published on Thursday shows.
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of RON166 million, 101% higher, in line with ZF calculations based on the company’s financial report.
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center of Targu Mures, previously known as Promenada Mall.
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result of increased operating expenses, higher personnel costs, IT investments.
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered a RON4.5 million net loss and RON32.8 million turnover, up 12% from 2022.
Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand the company. The travel agency is already in talks to take over some market operators.
Fox Com Serv, the largest company part of Fox group, operating in the field of meat processing, in 2023 generated RON477 million turnover, up 33% from 2022.