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Romania Sunflower Production Down 30% This Season
Romania ranked first in the European Union by area of land allocated to sunflower crops and production, 3.4 million in 2019, but farmers expect production to shrink by 30% to 2.4 million ton...
Lighting Manufacturer Elba Timisoara Revenue Down 19% to RON230M in 2019
Timisoara-based lighting manufacturer Elba, which makes vehicle headlights and lamps, among others, for such automotive groups as Dacia-Renault and Skoda, posted about 230 million lei (EUR48...
Three-Month Money Market Rate Drops For Third Consecutive Day, Down To 1.96%
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.96% a year on Wed...
Three-Month Money Market Rate Sees Decline For Second Consecutive Day
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.97% a year on Tue...
Coca-Cola Sales Volume Down 10% to 20% in H1
Coca-Cola HBC Romania, the largest beverage bottler in the country, saw a 10% to 20% decline in sales in the first half, following the lockdown impact especially on the hospitality industry.
Cellphone Wholesaler World Comm Trading Revenue Down 27% in 2019
Cellphone and accessory wholesaler World Comm Trading Gfz posted 213.5 million lei (some EUR45 million) sales last year, down 27% on 2018, Finance Ministry data show.
RE/MAX: Apartment Prices In Romania Seen Falling 5% To 10% On Average Under Pandemic Impact
Apartment prices in Romania will see an average correction of 5% to 10% under the impact of the coronavirus-led crisis on the real estate market, with variations depending on each region, pe...
Demand On Real Estate Market Up 15% In August After Steep Decline This Spring
Demand on the real estate market grew 15% in August 2020 compared with January 2020, after a steep decline of nearly 70% at the end of March, against the backdrop of the coronavirus pandemic...
Fujikura Automotive Romania Revenue Down 20.6% to RON241.2M in 2019
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of the Japanese Fujikura group, posted 241.2 million lei (EUR50.9 milion) revenue in 2019, 20.6% lower than i...