Registrations of new cars in EU dropped by 23.1% in September, compared to the same period of 2020, reaching 718,598 units, the lowest level reached since 1995, because of the lack of chips. In Romania, the decline was 17.8% to 8.942 cars, according to data released by ACEA – European Automobile Manufacturers' Association. All important markets contracted in September, the most important drops being in Italy (-32.7%), Germany (-25.7%), France (-20.5%) and Spain (-15.7%). In the first 9 months new car registrations in EU went up by 6.6% to 7.5 million units. The highest increases in the first 9 months were recorded in Italy (+20.6%), Spain (+8.8%) and France (+8%). In Germany the market dropped by 1.2%. In Romania, new car registrations went up by 4.3% in the first 9 months to 88,262 units. In Great Britain new car registrations went down by34.4% in September, but went up by 5.9% in the first 9 months. Automobile groups recorded drops of two figures, the biggest being 43% registered by Daimler group (45.5% in the case of Mercedes Benz). Volkswagen group recorded drops of 27.7%, Stellantis 29.9% and Renault 21.8%. BMW registrations went down by 19.4%. Dacia recorded a decline of 12% of registrations to 33,269 cars and the EU market share went up from 4% in September 2020 to 4.6%. Dacia registrations in EU went up by 4.2% in the first 9 months, to 281,577 cars, a market share of 3.7% against 3.8% in the same period of 2020. In the EU+EFTA+UK area, Dacia registrations went down by 13.6% in September, but after 9 months it went up by 2.8% to a total of 299,357 cars.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
