Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 7.8% both in unadjusted data and when adjusted for seasonality and number of working days, in December 2024 compared to December 2023, data from the country’s statistics board INS showed on Thursday (Feb. 6).
Law firm Filip & Company has legally assisted Dante International (eMAG) and HeyBlu IFN, a financial services company owned by eMAG group, in the acquisition of 100% of Orange Money IFN shares.
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office properties, reports total sales and pre-sales of EUR227.8 million in 2024, corresponding to the surface of 83,958 sqm of residential and commercial spaces sold and pre-sold.
Transilvania Investments Alliance is convening its shareholders on March 10, 2025 to approve among others a share buyback program of up to RON92.5 million to reduce capital and the distribution free of charge to directors and employees, as well as a loan of maximum RON200 million for investments.
BRD Groupe Societe Generale, the fourth largest bank in Romania, in 2024 posted RON1.47 billion net profit, down 9.7% from 2023, and RON3.89 billion net banking income, up almost 5%.
Investment fund Fortech Investments has since its launch in 2021 invested EUR8 million in 18 tech startups, of which EUR2 million were earmarked last year for 5 new projects.
Romania smartphone market rose by 3% in 2024 by value amid consumers’ penchant for more expensive models and the tendency will maintain this year.
New car registrations were down 6.4% to 11,920 units in January, data from Romania’s carmaker association ACAROM show. In comparison, 2024 started with a 4% increase to 12,733 units.