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).
-
Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
05.13.2024
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the... more
-
Electromagnetica Switches To RON3.1M Net Loss In Q1/2024 vs RON3.9M Net Profit In Q1/2023
05.13.2024
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) ended the first quarter of 2024 with net loss of RON3.1 million, compared... more
-
Rompetrol Rafinare Completes Turnaround Of Petromidia Refinery
05.13.2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has initiated the processes of restarting the production... more
-
Oil Terminal Sees Net Profit Rise 22% in Q1/2024. Revenues Climb 29% To RON113M
05.13.2024
Romanian state-owned port operator Oil Terminal in the first three months of 2024 posted net profit of RON28.4 million, up 21.6% from Q1/2023. more
-
Garanti BBVA Romania 2023 Net Profit Down 7%, To RON177M
05.13.2024
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating... more
-
CreditAmanet Invests over EUR2.5M in Rebranding, Becomes MAGNOR
05.13.2024
CreditAmanet, a Romanian-held provider of pawnbroking and money exchange services, has invested over EUR2.5 million in a rebranding process and is... more
-
APS and EBRD Buy EUR400M Worth of NPLs in Romania from Piraeus Bank
05.13.2024
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly... more
-
One United Properties Ends Q1/2024 with RON419M Turnover, Down 5%, RON157.3M Net Profit, Up 4% from Q1/2023
05.13.2024
Real estate developer One United Properties ended the first quarter of 2024 with RON419 million consolidated turnover, down 5% from Q1/2023, while... more
-
Safetech Innovations Reports RON11.7M Turnover in Q1/2024, Up 95%, RON2.7M Net Profit, Double Q1/2023 Level
05.13.2024
Cybersecurity company Safetech Innovation reported turnover worth RON11.7 million at individual level for the first quarter of 2024, up 95% from... more
-
Mandatory Private Pension Funds In Romania Register 7.8% Average Yield Per Annum in Past 16 Years
05.13.2024
Mandatory private pension funds (Pillar II) have in the past 16 years, since their launch in 2008, registered an average yield of 7.8% per annum,... more
-
Centric IT Solutions Hits RON120M Turnover in 2023, Up 22% YOY
05.13.2024
Centric IT Solutions SRL, the local subsidiary of Dutch software solutions provider Centric IT Solutions, in 2023 registered net turnover worth... more
-
Draghici Dental Group Invests Further EUR1.8M in Miroslava Dental Technique Lab
05.13.2024
Draghici Dental group will invest another EUR1.8 million in 2024 in equipment for the new dental technique lab of Miroslava, Iasi county, which... more
-
Amber Studio Forgoes EUR2.8M State Aid To Create 120 Jobs In Botosani And Craiova
05.11.2024
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an... more
-
Banca Transilvania Ends Q1 With 35% Rise In Net Profit To RON913M
05.11.2024
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35%... more
-
IT Group Bittnet Ends Q1/2024 With Net Loss Of RON9.7M vs Loss Of RON2.7M In Q1/2023
05.10.2024
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on... more
-
Argus Constanta Switches To Net Loss Of RON3.6M In Q1/2024
05.10.2024
Vegetable oil producer Argus Constanta (UARG.RO) announced in a stock market report on May 10 that it ended the first quarter of 2024 with a net... more
-
OTP Bank Romania Ends Q1 With RON219M Total Income
05.10.2024
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by... more
-
Dan Niculaie Faranga Takes Over As CEO Of Tiriac Holdings
05.10.2024
Dan Niculaie Faranga has taken over in May 2024 the position of Chief Executive Officer of Tiriac Holdings, one of the largest Romanian... more
-
Chimcomplex Completes RON12M Green Investment For Ecological Polyols At Ramnicu Valcea Plant
05.10.2024
Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has completed a project aimed at investing in innovative technology for... more
-
Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
05.10.2024
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the... 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.