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Romania’s Birth Rate Has Plunged in Past Three Decades
Birth rate decline has become one of the most obvious problems Romania is currently coping with.
Romania Starts 2023 with Lights Almost Out
The mild winter so far, but also efforts to boost energy consumption efficiency in particular, have led to continued declines in electricity demand in 2023 as well.
Three-Month ROBOR Starts Final Week of 2022 at 7.61% a Year
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 7.61% a year i...
Three-Month ROBOR Drops To 7.98% On Nov 15
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 7.98% a year o...
Turbomecanica Profit Shrinks 42% to RON2.5M in Jan-Sep
Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, announced on the Bucharest Stock Exchange a net profit of RON2.5 million in...
Retail Turnover Down 3.6% in September from August
Retail turnover, a barometer for private consumption, declined by 3.6% in gross series in September from August amid falling sales of foodstuffs, beverages and tobacco (by 8.3%, fuel (by 2.2...
Orange Romania Group Consolidated Revenue Down 1.5% to EUR1.168B in Jan-Sep
Orange Group Romania ended the first nine months of 2022 with consolidated revenue of EUR1.168 billion, down 1.5% compared with the same period in 2021, as a result of higher equipment sales...
Bearing Maker Timken Romania Sees Revenue Down 6.5% to RON460.6M in 2021
Bearing manufacturer Timken Romania, the local subsidiary of the US Timken group, posted RON460.6 million (EUR93.6 million) revenue in 2021, down about 6.5% from the RON492.6 million (EUR101...
Romania Beer Market Drops 4% YoY In January-August 2022
Romania’s beer market decreased by 4% in the first eight months of 2022 as compared to the same period in 2021, after the first four months had brought a 10% volume decrease, in line with da...