Found 19522 news
Romania posted the highest annual rise in hourly wage costs among European Union Member States in the third quarter of 2024, at 17.1%, followed by Croatia with 15.1%, Bulgaria with 12.7% and Latvia with 12.6%, according to data published by EU's Statistical Office, Eurostat, on Dec. 16, 2024.
Romanian corporate non-executive boards in Romania are falling behind global standards, with only 14% of board members believing that significant international experience is important, a stark contrast to their Western counterparts, according to the Board survey conducted in Romania by TRANSEARCH, a global Executive Search organization.
The average budget for Christmas gifts in 2024 reaches RON700 at most for six in ten Romanians, similar with last year's budget, according to a nationwide survey carried out at the initiative of tbi bank, on a sample of 1,171 respondents.
Romania’s public debt, in both lei and foreign currency, stood at RON916.7 billion at the end of September 2024, which is nearly 17% higher since the beginning of 2024 and accounts for 53.1% of gross domestic product (GDP), Finance Ministry data show on Monday (Dec. 16).
RIVUS, the industrial reconversion and urban regeneration project in Cluj-Napoca, developed by IULIUS and Atterbury Europe, an investment estimated at EUR500 million, will have Auchan as anchor tenant in the food hypermarket segment.
Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases
Consumption hit an all-time high in 2024 in Romania and the market continues to present major growth opportunities should current tendencies maintain, believe Colliers consultants, as the local market boast the biggest non-food retail growth rate in the EU.
5 to go coffee shop chain is in final talks with two new investors, Invenio Partners and ACP, the former Mezzanin Management, which want to take over part of the stock owned by the company’s founder, Radu Savopol, and the entire stake of Mozaik Investments, market sources told ZF.
Aquila, the market leader in integrated distribution and logistics services for the consumer goods market in Romania and the Republic of Moldova, has sealed an agreement to acquire 100% of the shares of KITAX Kft, a top five distribution company in its sector, with nationwide coverage in Hungary.
Almost one years since its arrival on the Romanian market, Turkish online retailer Trendyol has attracted 1.2 million buyers who have logged at least one order and delivered more than 11 million items locally.
BT Property, an alternative investment fund specializing in real estate investments, has announced on Dec. 13 the acquisition of Oradea-based shopping center Prima Shops from Oasis Group, a local company active in the sector of developing and managing retail properties and held by businesspeople Klaus Reisenauer and Kurt Wagner.
Romania's current account deficit stood at EUR24.2 billion in January-October 2024, compared with EUR18.4 billion reported in the same period of 2023, considering that the deficit from the international trade in goods widened to EUR26.9 billion, central bank data showed on Friday (Dec. 13, 2024).
Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and southeastern Europe.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Dec. 13 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON5.82 per share.
Romania's industrial production increased by 6.2% in October 2024, in unadjusted data, compared to September 2024, and by 0.4% when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Friday (Dec. 13).
In the third quarter of 2024, the employment rate for the working age population (15-64 years) was 63.3%, decreasing by 1.1 percentage points compared with the level recorded in the second quarter of 2024, data from Romania's statistics board INS showed on Friday (Dec 13).
Romania's Competition Council has approved the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their low liquidity there and the fact that, as the manager says, listing on the LSE has reached its purpose as liquidity appears to have flowed back to the local market due to the broadening of the foreign institutional investor base active in Romania.
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user threshold.
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025.19522 items