Revenue from services of the Vodafone Romania operator was of 191.5 million euro, during the Q4 2021 and continues to be stable on the quarterly evolution, announces the company. ‘Vodafone Romania announces the main indicators for financial performance for the Q4 on 31st December 2021, according to the results presented today by Vodafone Group Plc. Service revenues were €191,5 million and continue to be stable on quarterly developments," the company announced. Vodafone Romania’s mobile and fixed service customer base and IoT solutions reached 11, 2 million on 31 December 2021. “In 2021, we focused on minimizing the impact of the current context on the company, while at the same time expanding and consolidating our network to ensure that customers in both urban and remote areas remain connected, with reliable access to quality fixed and mobile services. Looking forward, the keyword is "change". At both industry and company level, we expect a change of pace. You will see a more dynamic Vodafone in 2022 and years to come," said Achilleas Kanaris, CEO Vodafone Romania. At the beginning of October, Vodafone released Green SIM cards made of recycled plastic as part of the company's commitment to reduce the environmental impact of its operations. Vodafone operates mobile and fixed networks in 21 countries and works with mobile networks in 52 other countries. As of 31 December 2021, it has more than 300 million mobile users, more than 28 million fixed broadband users and more than 22 million TV service customers. The group proposed to reduce the greenhouse gas emissions to net zero until 2040, through acquisition of 100% electricity from renewable sources in Europe and in all operations until 2025.
Romanian retail chain La Cocoş recorded a turnover of RON 1.18 billion (EUR 237 million) in 2024, marking a 20.7% y/y increase and becoming the first domestically owned retailer to exceed the RON 1 billion benchmark, according to Ziarul Financiar. Founded in 2014 by entrepreneur Iulian Nica, La Cocoş...
Even though Romania's currency, RON (leu), has depreciated relatively steeply in the past weeks, compared to historic low volatility, ING Romania maintains its exchange rate forecast for this year and argues that the national currency could recover from recent losses. "However, it is important to look at the bigger picture: financial markets can often have […]
Romania's industrial production index contracted by 4.2% y/y in Q1 and neared the lowest level in the past three years, according to the statistics office INS. The seasonal and workday-adjusted index (-0.4% q/q) has followed a visible downward trend after the post-Covid recovery in 2021 and 2022. The seasonal and workday-adjusted index in Q1 was […]
The net foreign direct investments to Romania contracted by 29% y/y to EUR 4.87 billion in 12 months to March 2025, after a 33% y/y contraction (to EUR 1.67 billion) in Q1, according to data published by the National Bank of Romania (BNR). The net foreign direct investments accounted for only 1.4% of the GDP […]
Romania’s current account (CA) deficit rose by 50% to EUR 33.0 billion in 12 months to March 2025, after a sharp 82% y/y surge (to EUR 7.7 billion) in Q1, according to data published by the National Bank of Romania (BNR). The CA gap reached 9.3% of GDP (based on the latest available 4-quarter GDP […]
Romania's general government budget deficit hit 2.94% of GDP in January-April (RON 56.2 billion, or EUR 11 billion), up from 2.3% of GDP in Q1, according to Ziarul Financiar and
