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The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's Global Economic Prospects report.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected a new solar photovoltaic (PV) power plant in Romania.
PeliPartners has decided to promote Sandra Gheorghe, Delia Dumitrescu and Andrada Bogeag to the role of Senior Associate, effective January 1, 2024.
ING Bank Romania ended the first nine months of 2023 with total revenue of RON2.5 billion, up 18% year-over-year, and a net profit of RON1.17 billion, up 30% year-over-year, amid reduced risk provision costs and enhanced operational efficiency, in a market with higher interest rates.
Alternative investment fund PAG Private Equity, focused on the Asia-Pacific area, has taken over the majority stake in Food Union Europe, a Lithuanian-held company that also owns Romanian ice cream producer Alpin.
Draghici Dental group moved to industrial park Miroslava of Iasi county at the end of 2023 after an over EUR2.2 million investment project for a new dental technique lab, office spaces and training spaces, explained Dan Draghici, founder of the group.
Farmacia Ardealul, a major regional pharmacy chain, with a 31-year presence on the market of Piatra Neamt, reached RON100 million turnover in 2023.
2024 brings zero square meters of offices in large projects on a Bucharest market accustomed to at least 100,000-200,000 square meters.
2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically. The result is 3% higher than in 2022, in line with data provided by DRPCIV and Autovit.ro, the most powerful car sales platform in Romania.
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, expects the local market to temper its growth in 2024 or even to fall slightly compared with 2023, due to price increases for both utilities and raw materials, which implicitly boosted shelf prices for any product.
Banca Comerciala Romana, Swiss Capital and BT Capital Partners, the three most active stockbrokers on the Bucharest Stock Exchange last year, brokered RON33.9 billion transactions and accounted for 68.4% of the market.
Romania will assemble three electric and two full-hybrid cars as of this year, for the first time ever, considering rising demand for such vehicles.
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, currently has 49 jobs available at its plant in Ghimbav (Brasov County), according to the County Employment Agency in Brasov (central Romania).
Polish software group Symfonia announced on Tuesday (Jan. 9) that it has fully acquired Romanian software company Softeh Plus, taking the first step of its international development plan.
CITR, as the judicial liquidator of Coroana de Aur Hotel, sold the hotel for EUR3.48 million + VAT, to the Moldovan brothers, the owners of the Jelna Winery.
Poland's LPP Group, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, has opened in Romania its first foreign distribution center and the second warehouse managed on the local market, within CTPark Bucharest West, in the commune of Bolintin-Deal.
Romania’s unemployment rate remained unchanged at 5.4% in November 2023 compared to October 2023, data from the country’s statistics institute INS show on Tuesday (January 9, 2024).
Romanian authorities issued 2,700 residential building permits in November 2023, 10.1% fewer than in October 2023 and 15.1% fewer than in November 2022, data from the country’s statistics board INS showed on Tuesday (Jan 9).
Romania's trade balance posted a deficit of EUR25.5 billion in January-November 2023, lower by EUR5.45 billion (-17.6%) compared to January-November 2022 period, data from the country's statistics board INS showed on Tuesday (January 9).19990 items