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Old Three-Room Apartment Prices in Bucharest Up 4% in 2020
Real Estate

Old Three-Room Apartment Prices in Bucharest Up 4% in 2020

The prices of old three-room apartments in Bucharest stagnated at EUR98,400 on average in December compared with November, after having gone up EUR100 the previous month, real estate consult...

Loredana Frățilă-Cristescu · 07.01.2021 · 09:00 · 1 min
November, Romanian Stock Market’s Best Month in Almost Two Years
Capital Market

November, Romanian Stock Market’s Best Month in Almost Two Years

The Romanian stock market ended its best month in almost two years, thanks to the 9.12% rise in its main index BET in November, as the rises of indices abroad largely because of information...

Loredana Frățilă-Cristescu · 02.12.2020 · 09:00 · 1 min
Automotive Component Manufacturer Helbako Electronica Up 88% in 2019
Automotive

Automotive Component Manufacturer Helbako Electronica Up 88% in 2019

Helbako Electronica, the local subsidiary of Germany’s Helbako GmBH, posted 87.9 million lei (EUR18.6 million) revenue, an increase of 88% on the previous year, according to ZF’s calculation...

Loredana Frățilă-Cristescu · 16.11.2020 · 10:10 · 1 min
Linde Gaz Romania Sees Profit Rise 22% to RON151M in 2019
Companies

Linde Gaz Romania Sees Profit Rise 22% to RON151M in 2019

Linde Gaz Romania, the local subsidiary of Linde Plc, the largest industrial gas supplier worldwide, posted more than 683 million lei (about EUR144 million) revenue in 2019, an increase of 6...

Loredana Frățilă-Cristescu · 12.11.2020 · 11:22 · 1 min
Axa Trans Construct Revenue Rises 71% To RON73M in 2019
Companies

Axa Trans Construct Revenue Rises 71% To RON73M in 2019

Builder Axa Trans Construct, which is now working on the Colosseum Mall in NW Bucharest, posted 73 million lei revenue in 2019, an increase of 71% on 2018, Finance Ministry data show. The pr...

Loredana Frățilă-Cristescu · 27.10.2020 · 10:27 · 1 min
Soufflet Malt Profit Rises 7% to RON17M in 2019
Companies

Soufflet Malt Profit Rises 7% to RON17M in 2019

Soufflet Malt, the largest producer of malt (one of the key ingredients for beer) in Romania, posted about 255 million lei (EUR53.8 million) revenue in 2019, an increase of 7.5% on the previ...

Loredana Frățilă-Cristescu · 26.10.2020 · 09:59 · 1 min
Electric Car Registrations Up in Romania in Jan-Sep
Automotive

Electric Car Registrations Up in Romania in Jan-Sep

New electric and hybrid cars registrations increased by 9% to almost 5,400 units in January-September, Romania’s Automotive Manufacturers and Importers Association (APIA) data show.

Loredana Frățilă-Cristescu · 26.10.2020 · 09:09 · 1 min
Mortgage Loans in Lei Rise to More Than RON1.2B YoY in August
Banks-Insurance

Mortgage Loans in Lei Rise to More Than RON1.2B YoY in August

Romanians borrowed more than 1.2 billion lei in mortgage loans from banks in August, the third highest level in the first eight months of 2020 and 3.6% more than in August 2019.

Loredana Frățilă-Cristescu · 15.10.2020 · 09:00 · 1 min
Number of Studios Delivered in 2019 at 20-Year Peak
Real Estate

Number of Studios Delivered in 2019 at 20-Year Peak

The number of new studios delivered in Romania has doubled in the past two years, with 5,528 such homes completed in 2019, 28% more than in 2018. The growth rate was high in 2018, as well, w...

Loredana Frățilă-Cristescu · 12.10.2020 · 09:54 · 1 min