Raiffeisen Bank ended the first quarter of 2025 with RON418 million net profit, up 7% from the year-earlier period, and RON84.8 billion total assets, up 18%.
After a start of the year with hesitations and adjustments, the car market in Romania witnessed the worst contraction of the last few months in April 2025, with a decline of nearly 25% in new car registrations.
Danube freight carrier Transport Trade Service (TTS.RO) on Monday notified the Bucharest Stock Exchange that its chief executive officer since 2014 Petru Stefanut would step down and be replaced by Ion Stanciu, the former deputy CEO, for a four-year term.
New apartment prices in Bucharest went up 6% before the elections, the highest price increase in this market segment, data from the real estate platform imobiliare.ro show. Other cities in the country saw increases in prices, too.
Romania's finance ministry on Monday (May 5) rejected all bids for government bonds maturing in April 2029, as it deemed the bid price unacceptable, central bank data showed.
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has announced on May 5 that it has entered into an agreement with Banco Santander to acquire a 49% stake in Santander Bank Polska for approximately EUR6.8 billion.
Private pension fund Metropolitan Life, with assets of RON22 billion invested on behalf of 1.1 million Romanian employees, has exceeded the 5% holding threshold in Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, it announced in a stock market report on May 5.
Garanti BBVA has introduced an option that enables new individual customers to access banking products and services 100% online, directly from the Mobile Banking application.
Law firm Dentons has advised Sousol Holdings Ltd. on the sale of a 54 MW ready-to-build wind project in Romania to Engie Romania.
The total volume of leasing activity in the industrial and logistic sector in the first quarter of 2025 reached 204,400 square meters, comparable to 2023 and 2024 record years, with Bucharest concentrating 62% of total deals, in line with CBRE Romania data.
New registrations of road vehicles for passenger transport increased by 11.3% in the first quarter of 2025 compared to the first quarter of 2024, data from the country’s statistical office INS showed on Monday (May 5, 2025).
Romania’s unemployment rate stood at 5.5% in March 2025, lower by 0.1 percentage points than the 5.6% rate recorded in February 2025, data from the country’s statistical office INS show on Monday (May 5, 2025).
Romanian company EXE Software, specialized in software solutions development, aims to go beyond EUR10 million threshold in terms of turnover in 2025, after a very good start to the year, marked by a 25-26% revenue increase in the first quarter compared with the year-earlier period.
Top 10 large banks in 2024 managed to boost their assets against 2023 with growth paces ranging from 1% to 19%, with most boasting asset leaps above inflation.
Tesla is set to officially open in early May a new center in Timisoara, its second in Romania after the one launched in 2024 in Pipera.
Spanish group Inditex, a leading player in global fashion, in 2024 generated record high gross profit in Romania.