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Business Romania, latest news from business in Romania only at ZF EnglishBusiness Romania, latest news from business in Romania only at ZF English www.zfenglish.com - Last update 14:15 About Us Subscribe Contact Us About cookies Advertising Login ZF English zfenglish.com web advanced search Macroeconomics Banks-Insurance Capital Market Social/Politics Companies www.zf.ro Automotive Real Estate Energy Retail&Consumer Health Technology &Telecoms HR Media Statistics Board: Romania Retail Sales Grow 8.1% YoY In January-August 2024 yesterday, 13:19 Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7.3% when adjusted for seasonality and number of working days, in January-August 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Monday (Oct 7). ZF NEWSRSS JTI Romania Sets Up IT Center in Romania today, 12:07 Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech... more Top Ten Firms Listed CCIR’s National Ranking of Companies Reach EUR270B Combined Turnover in 2023. Operating Profit Tops EUR25B today, 11:48 The overall turnover of companies holding the top ten spots in the National Ranking of Companies compiled by the Chamber of Commerce and Industry... more Real Estate Developer RRG Real Estate Starts First Phase of Lakeside11 Housing Project in EUR60M Investment today, 11:16 Real estate developer RRG Real Estate Group is starting the first phase of housing project Lakeside11 of Bucharest’s Straulesti area and expects... more Lunet Studio Ends H1/2024 with 72% Higher Turnover today, 10:43 Lunet Studio, a Romanian medical optics company founded by brothers Alexandru and Stefan Gugurel, in the first six months of 2024 registered 72%... more OMV Petrom Expands Natural Gas Supply Activities to Bulgaria today, 10:33 OMV Petrom, the second largest natural gas producer in Romania and the largest integrated energy producer in southeastern Europe, has expanded its... more Piatra Design Reaches RON26M Turnover, Seven Showrooms in 2023 today, 09:52 Showroom network Piatra Design has reached seven centers and also invested in e-commerce in 2023. more OnePlus: Smartphone Sales in Romania Flat by Volume in Jan-Sept 2024, Up by Value today, 09:35 In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the... more Romconstruct 2023 Turnover Up 4.4% To EUR36M YOY today, 09:24 Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth... more Nexxon Turnover Up 10% YoY To Nearly RON88M In H1/2024 yesterday, 23:01 Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and... more Purcari Aims To Double Key Operating Metrics By Company’s Bicentenary In 2027 yesterday, 22:50 Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new... more Kontron Services Romania Reports RON62M Net Loss For 2023, 13-Fold Higher YoY yesterday, 22:27 Kontron Services Romania, the local subsidiary of Austria's Kontron Group, with a major foothold on the market of integrated IT&C solutions supply... more EVOLOR Inaugurates New Factory On Oltchim Ramnicu Valcea Industrial Platform yesterday, 19:59 EVOLOR, one of the largest players in the Romanian varnish and paint production industry, is inaugurating a new high-performance factory on the... more Sphera Group Shareholders Approve RON1.05 Gross Dividend Per Share As Of Nov 7 yesterday, 19:22 Shareholders of Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, approved... more Finance Ministry Raises RON500M From Banks On Oct 7, 2024 yesterday, 15:58 Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an... more Selion Global Enters Romania In Partnership With Two Romanian Professionals In Executive Search And Leadership Advisory yesterday, 15:44 Selion Global, a global leadership consulting firm specializing in executive search, Board services, leadership advisory and consulting, is... more Competition Council Greenlights Acquisition Of MG TEC By Sarmis And Lightspan yesterday, 15:29 Statistics Board: Average Income Per Household In Romania At RON8,210 In Q2/2024, Up 18.8% YOY yesterday, 15:24 Law Firm Filip & Company Assisted Bank Consortium that Handled Bond Issue Via Which Romgaz Raised EUR500M yesterday, 11:53 Romania Pillar II Pension Funds Reach Record High EUR30B Assets yesterday, 11:01 Brick Maker Cemacon Set to Delist from BVB Starting October 7, 2024 yesterday, 10:52 Deloitte Romania Assisted Alfa Group in Takeover of IRIDE Park yesterday, 10:45 Stada’s Turda Plant Likely to Operate at Full Capacity at End-October yesterday, 09:37 TeraPlast Set to Invest Funds Raised from Capital Hike in Development Plans yesterday, 09:28 Grand Hotel Bucharest Ends H1/2024 With RON5.3M Net Profit, RON20M Revenue 10.04.2024 New Tezaur Treasury Bills Available As Of Monday, October 7 10.04.2024 more news Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of more CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six more Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local more Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated more Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the more Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by more OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward more World Bank Says Fiscal Deficits Will Remain Elevated In Romania Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set more Analysis Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022. Today's figure Deloitte: Romania Retains Third Position Among Countries with Cheapest Housing in Europe Romania continues to rank third among European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price of EUR1,504/sqm in 2023 for a new home, slightly up from EUR1,461/sqm in 2022, in line with Deloitte Property Index 2024 survey conducted on the basis of data from the main cities of 24 countries. more Latest News JTI Romania Sets Up IT Center in Romania Top Ten Firms Listed CCIR’s National Ranking of Companies Reach EUR270B Combined Turnover in 2023. Operating Profit Tops EUR25B Real Estate Developer RRG Real Estate Starts First Phase of Lakeside11 Housing Project in EUR60M Investment Lunet Studio Ends H1/2024 with 72% Higher Turnover OMV Petrom Expands Natural Gas Supply Activities to Bulgaria Piatra Design Reaches RON26M Turnover, Seven Showrooms in 2023 OnePlus: Smartphone Sales in Romania Flat by Volume in Jan-Sept 2024, Up by Value Romconstruct 2023 Turnover Up 4.4% To EUR36M YOY Nexxon Turnover Up 10% YoY To Nearly RON88M In H1/2024 Purcari Aims To Double Key Operating Metrics By Company’s Bicentenary In 2027 Kontron Services Romania Reports RON62M Net Loss For 2023, 13-Fold Higher YoY EVOLOR Inaugurates New Factory On Oltchim Ramnicu Valcea Industrial Platform Sphera Group Shareholders Approve RON1.05 Gross Dividend Per Share As Of Nov 7 Finance Ministry Raises RON500M From Banks On Oct 7, 2024 Selion Global Enters Romania In Partnership With Two Romanian Professionals In Executive Search And Leadership Advisory Yearbooks ZF Energy 2015 more Romania Business Yearbook 2014 Key PLAYERS in the ECONOMY Romania Business Yearbook 2014 Key PLAYERS in the ECONOMY is the most comprehensive information tool in the Romanian business... more 100 Most Valuable Companies in Romania 2014 Yearbook The 2014 edition of the Most Valuable Companies in Romania yearbook shows the economic reality five years after the financial... more Highlights Deloitte Celebrates 30 Years Of Activity In Romania JLL: Real Estate Investments May Reach EUR1.2B In 2022, A Record High Since 2008 Economic Crisis OPPO Romania: Sales of Smartphones in Romania Reach EUR820M in Jan-Aug Dunwell: Over 600,000 Sqm of Warehousing Spaces Were Traded in Jan-Sept 2022 CBRE: Romania Self-Storage Market Attracts Mostly Companies BNR Exchange Rates EUR 4.941 GBP 5.912 USD 4.546 XAU 285.3 1EUR = 1.09USD 1USD = 0.92EUR more Currency Converter EUR GBP USD XAU XDR CHF CNY CZK DKK EGP HRK 100HUF INR 100JPY 100KRW MDL MXN NOK NZD PLN RSD RUB SEK THB TRY UAH ZAR RON EUR GBP USD XAU XDR CHF CNY CZK DKK EGP HRK 100HUF INR 100JPY 100KRW MDL MXN NOK NZD PLN RSD RUB SEK THB TRY UAH ZAR Newsletter Subscribe to ZFenglish.com to get the most accurate and relevant daily news on Romanian economy directly into your inbox! 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