Found 19015 news
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).
The average asking price for an old three-room apartment in Bucharest built between 1978 and 1990 rose to EUR123,077 in May, according to the ZF Real Estate Index compiled with partnership with SVN Romania. The price was 1.5% or nearly EUR2,000 higher than in April and 14.6% or EUR15,769 higher than in May 2024.
Germany’s Continental Group, the largest actor in the Romanian automotive industry, with almost 20,000 employees, has announced a number of streamlining steps that will affect about 870 jobs at its ContiTech and Automotive units in Romania.
The European Commission on Wednesday published the 2025 country reports assessing the economies, labor market and social situation of every member country in line with the priorities set in the Competitiveness Compass.
Farmexim-Help Net Group ended 2024 with a turnover of EUR1.54 billion, up 19% year-over-year, as per a press statement.
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, continues its nationwide expansion strategy by opening a new KFC unit, in Retail Park Pitesti, located in Romania's town of Pitesti.
The company BBKM Steel SRL, which manages Neakaisa.ro, an online store specializing in sanitary ware and home improvement products, ended 2024 with revenue of RON35.3 million (EUR7.1 million), up nearly 15% compared to 2023.
Financial independence is a nearly universal aspiration for 87% of Gen Z, yet wealth accumulation is not the primary driver of success, finds a new global survey EY and Young China Group.
MedLife, the largest private healthcare network in Romania, has fully acquired the MEDSTAR clinic group, a long-standing healthcare provider in Cluj-Napoca, active in outpatient and paraclinical medical services, the company has announced in a stock market report on June 4.
Romania’s industrial producer price index (PPI) increased by 1.8% year-on-year in April 2025, as per data from the country's statistical office INS.
eMAG group’s turnover in fiscal year 2025 (April 2024-March 2025) rose by 11% to RON11.4 billion, stated Tudor Manea, the group’s CEO.
Liberty Galati, the largest integrated steel manufacturer in Romania, has resumed production operations by activating furnace 5, a significant stage in the company’s plans to continue activities.
Romania Pillar II private pensions generated a net gain of RON51.4 billion (EUR10.1 billion) for Romanians in the first 17 years of effective operation, in line with calculations by the Romanian Association for Private Pensions APAPR.
DB Global Technology SRL, Deutsche Bank’s IT center, ended 2024 with RON873.2 million turnover, up 22.4% from 2023, and RON62.0 million net profit, 23.6% higher.
Endava Romania, the local subsidiary of the British software services company, in 2024 posted RON1,265.0 million turnover, down 6.4% from 2023, and RON133.6 million net profit, 27.7% below the 2023 level.19015 items