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Non-Residents’ Deposits Down to Half of 2018 Level Nine Months into 2019
Non-residents’ long-term deposits shrank by about EUR800 million to EUR630 million in the first nine months of 2019, 56% lower than in December 2018. Non-residents deposits in September were...
More Than 220,000 People Have Left Romania’s Construction Sector over Past Decade
More than 220,000 people have ‘vanished’ from the construction sector in the past decade, leaving construction sites and construction material plants with only 339,000 employees in 2018.
Non-Residents’ Deposits Down to New Low of EUR660M in July
The long-term deposits made by non-residents in local banks, which are mostly lines of funding from shareholders, continued to shrink even faster, so they reached a low of EUR660 milion seve...
Furniture Manufacturer ADA Revenue Down 7% to RON182M in 2018
ADA Fabrica de Mobila, a top ten furniture manufacturer in Romania, posted 182 million lei (EUR39 milion) revenue in 2018, down almost 7% over 2017, Finance Ministry data show.
Only 6,700 People Making Apparel for H&M in Romania instead of 11,500 Two Years Ago
Fashion retailer H&M has reduced the number of partnerships with apparel and footwear plants in Romania, so it is now working with only 26 of them compared with 30 two years ago.
Romania’s Smartphone Market Down 2.5% In Value in Jan-May
The smartphone market in Romania did not continue to grow in value as it did in 2018 and dropped in the first few months of 2019, as users turned away from premium smartphones costing more t...
Vegetable Oil Producer Expur Sees Revenue Down 7.5% To RON1B in 2018
Expur, one of the largest vegetable oil and biodiesel producers in Romania, and the local subsidiary of the French Avril group, posted 1 billion lei (EUR212 milion) revenue in 2018, 7.5% low...
OMV Petrom Hydrocarbon Output Falls Slightly In 1Q/2019
OMV Petrom's total hydrocarbon output decreased slightly in the first quarter of 2019, to 153,000 barrels a day (boe/d), compared with 156,000 boe/d in the fourth quarter of 2018 and 162,000...
Deloitte: Romania’s M&A Market Sees Significant Decline YoY In 1Q/2019
Romania’s mergers and acquisitions (M&A) market registered a significant decline in the first quarter of 2019, compared with the same period in 2018.