growth
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Romania to See Economic Growth of 2.6% to 3.5%, Leu to Lose Ground Against Euro in 2020
Economic analysts expect economic growth of 2.6% to 3.5% for Romania and a leu depreciation of 2% to 4% in 2020, mainly due to the worsening of the budget and current account deficit.
Best Year for Modern Retail in Romania
More than 400 grocery stores have opened in 2019, making it the best year in local modern retail ever. Modern retail in Romania started with the arrival Metro Cash & Carry in 1996.
Romanian Auto Market Grows 8.2% YoY In January-November 2019
New vehicle sales in Romania grew 8.2% on the year in January-November 2019, to 185,418 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Monday.
FintechOS: We Expect EUR50M To EUR100M Funding Round Next Year
Startup FintechOS, which specializes in development of digital transformation solutions for the financial industry, expects EUR50 million to EUR100 million funding next year to support its g...
Emerson Sees $219M Revenue in Romania In Fiscal 2019
Emerson SRL, part of the US Emerson group estimates to have made $219 milion revenue in October 2018-September 2019 (the financial reporting year of the group), 4% higher than in the fiscal...
FintechOS Attracts $14M Financing To Continue Fast Growth Pace
Start-up firm FintechOS, a spin-off from local company Softelligence, specialized in developing digital transformation solutions for the financial industry, has attracted a new financing, of...
Romania Makes EUR30B Worth of Cars and Automotive Components
The revenue of the local auto industry, which includes Dacia, Ford and the more than 400 component manufacturers, will increase by 5.2% to EUR30 billion in 2019 compared with 2018, data from...
Top 50 Companies by Growth Rate in Romania Saw 9,500% Growth in 2014-2018
The top 50 companies in Romania’s economy by business growth rate in the past five years posted 14.4 billion lei (EUR3 billion) revenue together last year, an increase of 9,500% compared wit...
Hair Care Product Market Up One Third to EUR140M in Four Years
Romanian consumers spent almost EUR142 million on hair care products - shampoo, conditioner and hair treatments last year. The figure does not include the sales of hair coloring products, fo...