Trade in motorcycles and motor vehicles contributed to a 2.2% increase in the turnover volume of wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles, as gross series, in the first eight months of this year compared to the same period in 2023, according to data the National Institute of Statistics (INS) released on Friday.The official data reveal that, in the period January 1 - August 31, 2024, as gross series, increases in business were reported in: trade in motorcycles, related parts and accessories; maintenance and repair of motorcycles (+18.8%), trade in motor vehicle parts and accessories (+7.8%) and trade in motor vehicles (+2.7%). On the other hand, activities in the maintenance and repair of motor vehicles decreased 15.4%.In the same period, the volume of turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles, as series adjusted for the number of working days and seasonality, increased 2.2%.According to the source, in August this year compared to August 2023, the turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles, as a gross series, increased 0.1%, due to the results of trade in motorcycles, related parts and accessories; maintenance and repair of motorcycles (+21.9%), trade of parts and accessories for motor vehicles (+1.7%) and trade of motor vehicles (+1.4%). In contrast, maintenance and repair of motor vehicles decreased 13.7%.On an adjusted basis, during the same comparison period, total turnover in wholesale and retail trade, maintenance and repair of motor vehicles and motorcycles increased 2.7%.On a month-on-month basis (August vs July 2024), turnover in trade in motor vehicles fell 11.5% on gross series, but was on an upward trend (+0.3%) on adjusted series.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
