Romania economy inched up by 0.7% in the fourth quarter of 2024 in both unadjusted and seasonally adjusted data against the year-earlier period, while, against Q3/2024 it had a 0.8% advance in real terms, in line with data published on Friday, February 14, by the country’s statistics board INS.
Silviu Popovici, the most powerful Romanian executive, currently PepsiCo EMEA CEO, together with Mircea Draja and Stefan Rusen, two former top managers at Coca-Cola group, are developing Real Foods business, specializing in healthy food.
A private placement involving 1.78 million Sinteza Oradea (STZ.RO) shares or about 2.7% of the total number of its shares, worth RON4.44 million, was recorded by the Bucharest Stock Exchange on Thursday, Bucharest Stock Exchange data show.
State-run Hidroelectrica (H2O.RO), the largest electricity generation company in Romania, has notified the Bucharest Stock Exchange about having made several deposits with state-run Exim Banca Romaneasca on January 10, due on May 6, 2025.
Romania’s Competition Council is looking into the proposed acquisition by logistics space developer CTP Property BV Netherlands of the companies held by the P3 Group in Romania, which owns and operates logistics park P3 Bucharest A1 near Chiajna.
Biodegradable paper packaging manufacturer Exonia has invested EUR1.5 million in the opening of its first plant that makes waxed paper used in food packaging, in Iasi.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) on Feb. 12 concluded four new contracts worth a total of RON246.6 million for wholesale energy sales to supplier Energy Distribution Services (EDS), during July 1, 2025 - December 31, 2026 period.
Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data showed on Thursday (Feb. 13, 2025).
20 Romanian entrepreneurial companies, with a combined turnover of EUR2.7 billion in 2023 and a total of 9,204 employees, received the Deloitte “Best Managed Companies” certification for managerial performance analyzed against international best practices, out of a total 113 participating local companies.
Distribution company Delgaz Grid, part of the E.ON group in Romania, started in the fourth quarter of 2024, together with its partner ETHGroup, modernization works at the Roman Laminor transformer station located in Neamt County.
The average net salary in Romania increased by 4.8% (+RON257) in nominal terms in December 2024 compared to November 2024, to 5,645 (EUR1,134), data from the country's statistical office INS showed on Thursday (Feb. 13, 2025).
Romania's industrial production decreased by 13.9% in December 2024, in unadjusted data, compared to November 2024, and by 1.2% when adjusted for the number of working days and seasonality, data from the country's statistical office INS showed on Thursday (Feb. 13).
Orange Romania in 2024 posted EUR1.416 billion revenues, compared with EUR1.548 billion in 2023, in line with the financial results reported by the Frech telecom operator.
The Bucharest-Ilfov region reached a gross domestic product (GDP) at purchasing power per capita of 190% of the EU average in 2023, slightly behind Prague and Brussels and above Hamburg, Eurostat data show.
Coca-Cola HBC, the leader of Romania’s non-alcoholic ready to drink beverage market, posted 2.5% lower volumes in Romania in 2024, as a result of a challenging consumer environment, selling more than 182 million unit cases or more than 1 billion liters worth of beverages last year.
Georgian Bala, who has more than 15 years of experience in the HoReCa and FMCG industries, is returning to Julius Meinl Romania after seven years, where he will serve as managing director.
CEE office markets are undergoing a transformational process and Bucharest, beside Warsaw, Prague and Budapest, are standing out by a rising stock of green buildings and integration of sustainability standards, read Colliers’ “CEE Office Markets on the Green Path-Decarbonisation Potential” report that analyses the office markets of 11 cities in the region.