Economy | 20 March, 2024 at 2:10 PM
Exports of goods on the rise, over 20% growth this year
e automotive and electronics industries are the engine of the transport of Romanian goods to Europe.
e automotive and electronics industries are the engine of the transport of Romanian goods to Europe.
The number of Romanian tourists staying in the country's hotels reached almost 7 million in 2023.
The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.
Romania's economy has performed well in recent years, driving living standards higher and supporting convergence with OECD countries.
Over 80% of the market value is represented by the residential segment. Last year, the European market has reached €1.1 billion last year.
Noark Electric Romania announces the inauguration of their logistics center in Romania, which will serve the countries in the region.
Women in Romania earn on average 4.5% less than men, well below the European Union average of 12.7%. Still, the indicator in the private sector is way higher (8.6% on average).
In 2023, Pepco has employed more than 30,000 women in its European retail chains, with women accounting for up to 93% of the retailer's workforce in Europe.
Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.
The BMW Group and NTT DATA Romania have signed an agreement to establish a Joint Venture (JV) in Romania.
The Public Country-by-Country Reporting Directive (Public CbCR) was published in the Official Journal of the European Union (EU) on 1st December, 2021.
Bulgaria, Croatia, Greece, Romania, Serbia and Slovenia already comply with the EU's 2030 target for 15% grid interconnection compared to installed power.
Optional pension funds in Romania can allocate up to 10% of their total assets to private equity investment funds in Romania, the EU, and OECD countries.
BCR achieved a net profit of RON 742 million (€149 million) during Q1 2025, marking a 19.8% increase compared to the RON 620 million (€125 million) in Q1 2024
A study by Forvis Mazars Group reveals that while C-suite executives in Romania and CEE remain largely optimistic about growth.
OMV Petrom concluded the first quarter of this year with a net profit of RON 1.07 billion (€200 million), a 24% decrease compared to the same period in 2024.
Engie Romania has announced the acquisition of a 54 MW wind farm project in Mereni, Constanța. The deal contributes to the company's goal of reaching 1 GW of installed capacity.