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Leoni Closes Ludus Plant In Romania
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced that it will close its factory in Ludus, Mures County.
May 2, 2024
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Coca-Cola HBC Romania Sales Shrink By Over 10% In Q1
Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first quarter, driven by Sparkling and Stills beverage (...)
May 2, 2024
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Romania Forex Reserves Shrink To EUR62.5B In April 2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on (...)
May 2, 2024
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BCR Romania Manufacturing PMI Over 50 Points For First Time
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards, reached more than 50 points in April, which (...)
May 2, 2024
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Romanian president to receive Washington Oscars leadership award from Atlantic Council
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his (...)
May 2, 2024
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NASA publishes article, pictures of the golden rapeseed fields of southern Romania
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The (...)
May 2, 2024
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Romanian-born automation software company UiPath signs former Microsoft, Meta executive
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was (...)
May 2, 2024
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BCR Romania Manufacturing PMI: Romanian manufacturing output expands for the first time in ten months
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only (...)
May 2, 2024
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Raiffeisen Bank: 50% growth in financial planning and strong support for Romanian SMEs in Q1 2024
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life (...)
May 2, 2024
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BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of (...)
May 2, 2024
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Romania’s spectacular Transf?g?r??an mountain road to open earlier this year
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transf?g?r??an. Since there is less snow than in other years, the road could be opened much earlier than the (...)
May 2, 2024
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SoNoRo Conac: Chamber music event to hold concert at King Charles’s house in Viscri
The chamber music event SoNoRo Conac has announced a new segment of its tour, which will see two concerts this month, one hosted by the Viscri house of King Charles III and the other by the Bal? (...)
May 2, 2024
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Weekend calendar: Open Streets, Art Safari and more
Several exhibitions remain open in Bucharest during the Easter weekend, when those who haven’t left the city can enjoy the Open Streets event or visiting the Botanical Garden. In Bucharest: (...)
May 2, 2024
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Far-right Romanian politician Diana ?o?oac? enters race for mayor of Bucharest
Far-right Romanian senator Diana ?o?oac? has entered the race for mayor of Bucharest after gathering all the necessary signatures for her candidacy. The Electoral Office accepted her candidacy (...)
May 2, 2024
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CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million net profit, up 21%.
May 2, 2024
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Romania featured in Bloomberg article as “suddenly cool” destination for luxury travelers
An article recently published by US financial magazine Bloomberg highlights Romania as a potential destination for high-end travelers. The article begins by noting that the country recently (...)
May 2, 2024
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Romanian Tudor Giurgiu’s latest film Libertate promoted in New York, Atlanta and Los Angeles
Romanian director Tudor Giurgiu returns to the United States this month to promote his latest feature film, Libertate/Freedom. Scheduled for May 4-13, the tour starts in Los Angeles, passes (...)
May 2, 2024
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