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Electric Car Sales Up 150% in Jan-Oct
Sales of electric cars (fully electric and plug-in hybrids) went up 150% in the first ten months of 2018 compared with the year-ago period to 740 units, and a market share of 2.7%, according...
Local IT Industry To Reach 400,000 Employees In 14 Years
The local IT industry is currently employing 110,000 people, and most of them work in IT outsourcing and support centers that multinationals opened in Romania in the last few years. Over the...
Freight Carrier Oprean Revenue Up 16% To More Than RON74M In 2017
Sebes, Alba County (central Romania) based freight carrier Oprean of entrepreneur Ioan Oprean posted 74.3 million lei (EUR16.3 million) revenue in 2017, 16% higher than in 2016, ZF has found...
Ford EcoSport And Dacia Duster SUVs Take Romania’s Car Production Towards 450,000 Units
Romania’s car production is headed towards 450,000 units in 2018, as sales of Dacia Duster and Ford EcoSport SUVs have been rising because of the higher and higher demand on the European mar...
OMV Petrom Shares Gain Almost 11% In One Week, Reach Three-Year High
OMV Petrom (SNP.RO) shares gained almost 11% last week, which is the highest weekly increase since 2005, most likely because of the amendments to the offshore law more in tune with what oil...
Companies’ Foreign Debt Up To EUR37B
The foreign loans companies got from foreign financial institutions and parent companies increased by about 40% in the past decade, reaching EUR36.7 billion at the end of 2017. Funding from...
Mobexpert Sales Up 14% In H1
The sales of furniture retailer Mobexpert went up 14% in the first half of 2018 over the year-ago period, mostly driven by online sales.
Smartphone Market Unexpectedly Up 40% In Value In H1
The smartphone market growth rate was higher than expected in the first half, over 40% by value, driven by the rising appetite of Romanian consumers for more expensive phones. The number of...
Consumer Loans At 12-Year High In H1
Romanian consumers took out 10.8 billion lei (EUR2.32 billion) worth of leu loans in the first half, which is a 12-year high, Romania’s central bank data show. The new loans Romanians took o...