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Transelectrica Expects 14% Higher Revenue, 40% Lower Profit In 2024
State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure of RON4.7 billion in 2023, a potential inc...
Hidroelectrica Estimates All-Time High Profit Of RON6B For 2023
Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02 billion for 2023 in its 2024 spending and...
Consumer Spending Down In Jan-Sep On A Market Where Prices Kept Rising 15% To 23%
The fast-moving consumer goods (FMCG) market shrank in volume in January-September 2023, which is the best indicator of the spending appetite of Romanian consumers. On the other hand, retail...
Romanians Spent EUR2.5B on Foreign Trips in 2023 Summer, Double the 2019 Level
Romanians spent EUR2.5 billion on foreign trips this summer, up 19% from last summer, in line with ZF calculations based on NBR data. The sum is double the one registered in the summer of 20...
EY: Consumers Globally Keep Tight Grip On Their Spending Amid Rising Living Costs
Consumers globally continue to reign in their spending amidst a challenging cost-of-living environment, with 94% of consumers now worried about the rise of living costs as they continue to n...
PwC: Most Consumers Globally Plan To Reduce Non-Essential Spending In Next Six Months
Over two thirds (69%) of consumers globally have reduced non-essential spending and most of them (96%) have adopted cost-saving behaviors, against the backdrop of record-high prices all over...
Romanians Spent EUR6.5B on Vacations Abroad in Jan-Nov 2022
Romanians spent EUR6.5 billion on vacations abroad in the first eleven months of last year, and the whole-year spending will most likely overshoot the EUR7 billion mark, ZF has calculated fr...
Romanian Consumers Spent RON2.2B on Cold Cuts in H1
Romanians spend RON4.3 billion on cold cuts a year, an indicator that has increased in the last few years and first half data of research company Market Vector show a slight rise of 2.2%.
Romania VAT Revenue Up Only 3% in October, Much Lower Than Inflation Rate
VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget...