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Residential Rents Down from EUR12.4/Sqm Peak in 2008 to EUR7.5
The pandemic led to changes in the residential rental market in Bucharest, both in terms of the average rent apartment owners ask and in terms of potential tenants, who chose to give up livi...
Pandemic Causes 25% Drop in Romania’s Footwear Exports To $729M
Romania was and still is one of the most important footwear manufacturers of Europe, but exports shrank a lot in 2019 and especially in 2020.
Automotive Wiring Maker Fujikura Revenue Down 47% in 2020
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura group, posted RON127.9 million (EUR26.5 milion) revenue in 2020, a decrease of 47% year-o...
Uneven Residential Development in Romania’s Biggest Cities in 2020
The residential development of Romania’s top cities is uneven, as the latest publicly available information from the National Statistics Institute show.
Bucharest to Lose One Quarter of Its Population by 2050
Bucharest will have only 1.4 million inhabitants by 2050, compared with 1.8 million as statistics show in 2018, according to Eurostat data.
New Corporate Loans in Lei Down Again in May
Banks in Romania granted about RON2.63 billion worth of new loans to companies in May 2021, almost 25% less than in April and RON2 billion or 43% less than in March.
Only 10 Out of 25 Builders Which Saw Revenue Double in 2019 Posted Growth in 2020
Only ten out of 25 construction companies with more than RON100 million revenue, which had doubled revenue in 2019, posted growth again in 2020.
Constanta Airport sees 72% decline in number of passengers in H1
Mihail Kogalniceanu International Airport in Constanta saw only 14,700 people passing through it in the first half, about 72% fewer than in the year-ago period, the data the company official...
Bicycle Manufacturer Eurosport DHS Revenue Down 10% to RON334.8M in 2020
Bicycle manufacturer Eurosport DHS posted RON334.8 million (EUR69.5 million) revenue in 2020, 10% lower than in 2019, ZF has calculated from Finance Ministry data.