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Delta ACM Revenue Halves to RON72.2M in 2019
Builder Delta ACM, which went insolvent in 2019, dropped unprofitable contracts to keep afloat.
New Mortgage Loans in Lei Down 17% to RON0.9B in June
June lowered Romanians’ appetite for mortgage loans. New mortgage lending in lei went down compared with the previous months of 2020 and with the year-ago month.
Romania Has Lost More Than 1,000 Physical Bookstores in 30 Years
Romania is the only EU country where he number of bookstores is dwindling and needs investment to develop this industry, believes Andrei Niculescu, general manager of Editura Niculescu (Nicu...
Three-Month Money Market Rate Drops To 1.98% After 4 Days Of Stagnation
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, on Thursday dropped to 1.98% a...
National Pharmacy Chains Sales Down 14% in H1
The pharmaceutical market in Romania reached 8.7 billion lei in the first half of 2020, 3.9% lower than in the year-ago period, market research company Cegedim data published in the Antiobit...
Top 30 Employers in Romania’s Automotive Industry Shed 10,000 Jobs in 2019
The top 30 employers in Romania’s automotive industry (car and component manufacturing) slashed 10,000 jobs in 2019 compared with 2018. This was the first time in five years when the industr...
Daimler’s Business in Romania Down for Second Year in a Row in 2019
Star Assembly, the local subsidiary of Germany’s Daimler group, which makes automatic transmissions, ended last year with EUR1.52 billion revenue, down 2.2% on 2018, Finance Ministry data sh...
Builder Octagon Revenue Down to One Quarter of Previous Level in 2019
Builder Octagon Contracting & Engineering, currently insolvent, ended 2019 with only RON24 million revenue, one quarter of the previous year’s revenue., according to the Finance Ministry web...
Eurostat: Electricity Consumption In Romania Drops To Five-Year Low In January-April 2020
Between January and April 2020, electricity consumption in Romania has reached the lowest level in the last five years, according to Eurostat, the statistical office of the European Union.