Romania ranks first in terms of short-haul flights, with a cost of EUR2.79 per 100 km for low-cost services and places fifth worldwide (domestic and external flights), according to the survey 2017 Flight Price Index, carried out by web portal kiwi.com.
Romania ranks sixth in Europe, in a ranking of countries boasting the highest number of new jobs created through foreign direct investments (FDI) in 2016, according to the 2017 edition of the EY European attractiveness survey.
Romania ranks among the last in the European Union regarding inland freight transport, with less than 2,000 tons-kilometers per inhabitant, in 2015, according to data published on Friday by Eurostat, the statistical office of the European Union.
UniCredit Leasing Fleet Management provided operating lease services for two TransMontana electric locomotives manufactured by Softronic-Softrans Craiova, which will be operated for freight transport, in Romania, by Deutsche Bahn Cargo.
Romania's general consolidated budget posted a surplus of RON1.35 billion in January-April 2017, or 0.17% of the gross domestic product (GDP), finance ministry data showed Thursday.
German Group Bosch ended the 2016 fiscal year with a turnover of nearly RON1.5 billion (EUR332 million) in consolidated sales in Romania, seeing a significant increase of 22% compared with the previous year, according to company data.
Romania’s Competition Council has approved the transaction whereby electricity and natural gas supplier RWE Energie acquires the client portfolio of Fidelis Energy.
Regina Maria, the second largest player on the Romanian private medical services market, has 18 ongoing development projects for 2017, which target expansions, relocations and modernization of existing locations, as well as greenfield projects, Chief Executive Officer Fady Chreih said on Wednesday.
Risks related to the funding of small and medium-sized enterprises (SMEs) in Romania have decreased compared with the previous years, as the “market is cleaner” after the bulk of SMEs have vanished after the financial crisis, Radu Gratian Ghetea, president of state-owned lender CEC Bank.
Romania’s Competition Council is set to complete, in a few months’ time, an investigation targeting local insurance companies suspected of exchanging information in order to raise the price of the products they sell, antitrust regulator head Bogdan Chiritoiu said on Thursday.
Romania posted the lowest annual inflation rate, of 0.6%, in the European Union, in April 2017, and one of the lowest monthly inflation rates, of 0.2%, according to data published on Wednesday by Eurostat, the statistical office of the European Union.
The Romanian durable goods market rose nearly 6% on the year in January-March 2017, and the electronics and small appliances sectors saw double-digit growth rates, according to a GfK report.
Vodafone Romania, the second largest player on the local mobile telephony market, on Tuesday said it registered service revenue of EUR707.2 million in the 2016-2017 fiscal year (April 1, 2016 – March 31, 2017), up 2.7%, in organic terms, compared with the same period in the previous fiscal year.
Romania’s state-run lender EximBank registered a turnover of nearly EUR110 million from factoring operations in 2016, up 76% on the year, climbing two spots versus 2015, to the second position, among exports factors in Romania.
Stihl Romania, the local division of German power tool producer Stihl, on Monday announced a EUR6 million investment in expanding its space in Otopeni, a 3,000-square meter surface area used for the development of its business, and in expanding by 300 sqm the space used to train its technical staff.
Aluminum producer Alro Slatina (ALR.RO) registered an adjusted net profit of RON93 million, in January-March 2017, compared with RON41 million in the year-earlier period, and its turnover rose to RON634 million, from RON564 million in the first quarter of 2016.
Romania’s inflation rate is expected to rise and the budget deficit is seen widening due to tax cuts and higher public spending and the unitary pay bill is a huge risk for fiscal estimations, the European Commission said in its spring forecast released on Thursday.
The European Commission (EC) has revised downward its forecast on Romania’s 2017 economic growth by 0.1%, to 4.3% from 4.4%, below the Romanian Government’s projection of 5.2%, and kept its GDP growth forecast of 3.7% for 2018, the Commission said in its spring forecast.
Romania's OMV Petrom (SNP.RO), majority owned by Austria's OMV, registered a net profit of RON618 million in the first quarter of 2017, double from RON288 million in the year-earlier period, the company said in its financial report on Thursday.
The European Bank for Reconstruction and Development (EBRD) has raised by 0.3% its economic growth forecast for Romania, to 4% for 2017, according to EBRD’s latest Regional Economic Prospects report released on Wednesday.
Electricity distribution companies of Enel group will install over 150,000 smart meters in 2017, in the regions where they operate in Romania – Muntenia Sud, Dobrogea and Banat, Enel said in a statement on Tuesday.
WDP (Warehouses De Pauw), one of Europe’s leading industrial developers, is buying a 50,000-sqm land plot in industrial park Oarja-Pitesti, and BNP Paribas Real Estate brokers the transaction, BNP said in a statement.
Constanta becomes the fourth large city in Romania where home prices exceed the threshold of EUR1,000 per square meter, with the Imobiliare.ro index registering an increase of 2.1% in April, to EUR1,013 per sqm, from EUR992 per sqm, according to a statement released on Monday.
Maltese group Hili Ventures has acquired, through its division Premier Capital, the building ART Business Centre, from FBC Exclusiv Company, according to law firm Suciu Popa, which assisted the transaction.