INS: Romanian Managers Expect Relative Stability In Employee Numbers In Manufacturing And Services In April-June 2024
today, 13:04
Romanian executives forecast growth of activity in construction and retail trade, relative stability in the number of employees in manufacturing industry and services, and price growth in construction and retail trade, for the period April – June 2024, in line with a survey carried out by the country’s statistics board INS.
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European Commission Approves EUR95M Romanian Restructuring State Aid For TAROM
today, 17:21
The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up... more
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Premier Energy Acquires 80MW Wind Park In Constanta In EUR88M Deal
today, 15:40
Premier Energy Group, held by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiří Šmejc, has acquired the Mihai Viteazu wind... more
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Virgil Ichim Step Down As CEO Of Allianz-Tiriac Pensii Private After Five Years
today, 14:39
Virgil Ichim, CEO of Allianz-Tiriac Pensii Private, is stepping down from his role effective April 30, 2024, in order to pursue other career... more
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Statistics Board: Germany, France, United States Control Enterprise Subgroups In Romania
today, 14:17
Germany, France and the United States of America hold the top three spots among countries that control enterprise subgroups in Romania, as per the... more
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Romania, Last Among EU Countries By Business Innovation
today, 13:34
Romania remains at the bottom of the European Union rankings in terms of innovation, with the proportion of Romanian companies introducing new or... more
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eMAG Launches Hair & Make-Up Shop
today, 11:12
Online retailer eMAG is launching a new shop-in-shop, with hair care, styling devices and make-up products, Hair & Make-up Shop. more
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Prima Development Group Buys 6-Ha Land Plot from Immofinanz in Northern Bucharest to Build over 2,000 Apartments
today, 10:23
Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe... more
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Romanian Subsidiary of Germany’s CANCOM almost Doubles Net Profit in 2023
today, 10:15
CANCOM Romania, a subsidiary of CANCOM SE, one of the leading integrated IT services providers in Germany, in 2023 registered RON6 million net... more
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SoftOne Group Eyes Nationwide Expansion
today, 10:10
SoftOne group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, wants to expand... more
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Austria’s SW Umwelttechnik Generates RON230M Turnover, RON18M Profit in Romania in 2023
today, 09:59
SW Umwelttechnik Romania, the local subsidiary of the Austrian company of the same name, a maker of precast concrete products, boosted turnover by... more
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Alpin 2003 Hits RON66.5M Turnover in 2023, Up 22% YOY
today, 09:50
Alpin 2003, the company that manages hotel compound Alpin Resort Hotel, a major tourism player in Poiana Brasov resort, ended 2023 with turnover... more
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Transgaz Calls Shareholders To Vote On Establishing Company For Hydrogen Transmission
04.26.2024
The Board of Directors of natural gas transmission company Transgaz (TGN.RO) has convened on June 5 the extraordinary general meeting of... more
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Competition Council Approves Takeover Of Copraag Entrepreneur By Ubitech Constructii
04.26.2024
Romania's Competition Council announced on April 26 that it had approved the transaction through which Ubitech Constructii SRL intends to take over... more
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Competition Council Approves Takeover Of AEQH24 By NIFCO Germany
04.26.2024
Romania's Competition Council announced on April 26 that it had approved the transaction whereby AEQH24 GmbH intends to take over NIFCO Germany,... more
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Aquila Part Prod Finalizes Parmafood Acquisition
04.26.2024
Aquila Part Prod (AQ.RO), an entrepreneurial company providing distribution and logistics services for consumer goods in Romania, has finalized the... more
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Socep Constanta Rejects Proposal Of Shareholder Sammarina Imobiliare To Distribute RON50M Dividends
04.26.2024
The shareholders of port operator Socep Constanta (SOCP.RO) have rejected the proposal of shareholder Sammarina Imobiliare SA regarding the... more
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Budget Deficit Already At 2% After Q1, 2024
04.26.2024
Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated... more
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Oil Terminal Shareholders Approve RON9.6M Dividends From 2023 Net Profit
04.26.2024
Romanian state-run port operator Oil Terminal (OIL.RO) has announced in a stock market report that its shareholders approved in their ordinary... more
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Conpet Shareholders Approve RON58M Dividends, With 7.72% Yield
04.26.2024
The shareholders of Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) approved in their ordinary general meeting of April 25 the... more
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Romgaz Approves RON524M Dividends from 2023 Profit
04.26.2024
Romania’s state-owned natural gas producer Romgaz has informed the capital market about its shareholders’ decision to distribute 20% of 2023... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
moreFiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting SavingsRomania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.