Statistics Board: Romania's Economy Inches Up 0.1% YoY In Q1/2024
yesterday, 14:27
Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's statistics board INS showed on Wednesday (May 15).
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Infinity Capital Investments Switched to RON22M Net Profit in Q1/2024 from RON3.3M Losses in Q1/2023
yesterday, 16:11
Alternative investment fund Infinity Capital Investments in the first three months of 2024 registered a RON3.17 billion net asset, the highest in... more
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Antibiotice Iasi Records 13% Revenue Growth in Q1/2024. Net Profit Climbs 68%
yesterday, 15:58
Antibiotice Iasi, the largest Romanian-owned drug manufacturer, saw revenues reach an overall RON192.5 million level, 13% higher than in the... more
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FORT Shares To Start Trading On AeRO Market On May 17
yesterday, 15:19
Cybersecurity company FORT, part of Bittnet Group (BNET.RO) has announced that its shares will start trading on the Multilateral Trading System... more
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EBRD Keeps Romania’s GDP Growth Forecast At 3.2% For 2024; Sees Local Economy Accelerating To 3.4% In 2025
yesterday, 14:46
The European Bank for Reconstruction and Development (EBRD) has maintained its projection for Romania's economy in 2024, at 3.2%, similar to the... more
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Romania Average Net Salary Up 6.3% In March 2024 vs February 2024
yesterday, 13:58
The average net salary in Romania increased by 6.3% in nominal terms in March 2024 compared to February 2024, to 5,185 (EUR1,043), data from the... more
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Purcari Wineries Rakes in RON81.6M Revenues in Q1/2024, Up 11%, Net Profit Drops 15% To RON10.8M
yesterday, 11:15
Wine maker Purcari Wineries in the first three months 2024 generated RON81.6 million revenues, up 11%, while net profit shrank by 15% to RON10.8... more
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Transgaz Q1/2024 Net Profit Doubles To RON262M from Q1/2023
yesterday, 10:52
Romania’s state-run natural gas transmission company Transgaz in the first quarter of 2024 posted consolidated operating revenue from the... more
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Telecom Operator Digi Reports EUR26M Net Profit in Q1/2024 amid EUR445M Sales
yesterday, 10:36
Telecom operator Digi reported EUR25.6 million net profit in the first quarter of 2024, against EUR10.8 million in Q1/2023, while sales climbed to... more
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Sphera Franchise Group Net Profit Triples To RON21M in Q1/2024
yesterday, 10:16
Sphere Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, in the first quarter of 2024 posted the best Q1... more
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Alu Menziken Sees 2023 Profit Rise 46.5% in 2023, to over RON62M
yesterday, 10:05
Alu Menziken, a company part of Montana group founded by Austrian entrepreneur Michael Tojner, for 2023 reported turnover worth RON477.6 million... more
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EMI International Eyes New Deals in Belgium, Considers Next Country for Expansion
yesterday, 09:53
Entrepreneurial group EMI International, active on the door and industrial system market, is in advanced talks for new M&A deals on Belgium’s... more
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Eco Clean Ends Q1/2024 with 5% Lower Turnover on Retail Segment
yesterday, 09:45
Bucharest-based Eco Clean, a business founded in 2000 by two Romanian entrepreneurs, which owns 12 green laundries and cleaners, ended the first... more
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Statistics Board: Romania's Industrial Production Falls 4.2% YoY In March 2024
yesterday, 00:12
Romania’s industrial production decreased by 4.2% in unadjusted data in March 2024 versus March 2023 but increased by 2.8% when adjusted for... more
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ANA Hotels Set To Reopen Panoramic Restaurant On Tampa Mountain In Brasov
05.14.2024
Panoramic Restaurant on the Tampa Mountain in Brasov will reopen next year, after ANA Hotels bought it from Aro Palace in 2022 and said it planned... more
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Promateris Switches To RON10.6M Net Profit In Q1/2024 vs Nearly RON920,000 Loss In Q1/2023
05.14.2024
Biodegradable and compostable packaging manufacturer Promateris (PPL.RO) ended the first quarter of 2024 with net profit of RON10.6 million,... more
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Builder CML.RO Triples Profit In 2023
05.14.2024
Construction company CML.RO in Beclean, Bistrita-Nasaud County, owned by entrepreneurs Mihaela and Vasile Ros, posted RON185.7 million (EUR37.6... more
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Alro Slatina's Net Loss Shrinks To RON15M In Q1/2024 vs RON52M In Q1/2023
05.14.2024
Aluminum producer Alro Slatina (ALR.RO) reported net loss of RON14.8 million for the first quarter of 2024, compared to a negative result of... more
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AROBS Makes RON11.7M Net Profit, RON105M Revenue In Q1
05.14.2024
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON105 million consolidated... more
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Turbomecanica Switches To RON1.3M Profit In Q1/2024 vs RON33,000 Loss In Q1/2023
05.14.2024
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, reported net profit of RON1.3 million for the... more
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Biofarm's Net Profit Shrinks 35% YoY To RON20.6M In Q1/2024
05.14.2024
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) ended the first three months of 2024 with net profit of RON20.6 million, down almost 35% from... 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.