Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
yesterday, 23:25
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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French Arval Group Launches Car Sharing App In Romania
03.15.2024
French Arval Group has launched on the Romanian market a mobile car sharing application exclusively dedicated to companies, which focuses on the... more
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INS: Employment Rate For Working Age Population Hit 63% In Q4/2023, Lower By 0.3 Percentage Points Vs Q3/2023
03.15.2024
The employment rate for the working age population (15-64 years) was 63% in the fourth quarter of 2023, decreasing by 0.3 percentage points... more
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Romania's Current Account Deficit Nearly Doubles YoY To EUR1.35B In January 2024
03.15.2024
Romania's current account deficit stood at EUR1.35 billion in January 2024, almost double the EUR760 million level reported in January 2023,... more
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Exchange Traded Fund BET Patria - TradeVille Reaches RON220M Assets, Over 18,000 Investors
03.15.2024
BET Patria-TradeVille (BVB ticker:TVBETETF), the first Exchange Traded Fund (ETF) in Romania, listed on the Bucharest Stock Exchange, reached... more
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Ford Motor Company Expands Bucharest Business Solutions Operations
03.15.2024
Ford Business Solutions is expanding its existing Bucharest operations. more
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Speedwell Starts Construction of 2nd Building of Timisoara Mixed-Use Project PALTIM
03.15.2024
Real estate developer Speedwell, founded by Didier Balcaen and architect Jan Demeyere, has started construction works for the second residential... more
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Chimcomplex Borzesti Set to Reward Employees, Managers, Administrators and Affiliated Legal Entities with Free Stock
03.15.2024
Chemical compound Chimcomplex Borzesti will carry out a Stock Option type program via which it will offer free stock to employees, managers,... more
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BRD Wants to Distribute RON980M Worth of Dividends from 2023 Profit
03.15.2024
BRD Soc Gen, Romania’s third largest lending institution by assets, is convening its shareholders to approve among others the distribution of... more
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Ferma Zootehnica Nears EUR52M Turnover in 2023
03.15.2024
Integrated meat and meat products manufacturer Ferma Zootehnica, controlled by Lazar family, for 2023 reported EUR51.8 million turnover and expects... more
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Builder Taffo Invests RON4M in Office Spaces
03.15.2024
Taffo, a construction firm of Baia Mare owned by three shareholders, has acquired an industrial building which it plans to turn into an office... more
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Agromar Balotesti Wants to Open 10 Stores in 2024
03.15.2024
Agromar Balotesti, a fodder producer of Fierbinti-Targ, Ialomita county, with a two-decade presence on the market, plans to expand in the retail... more
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Uniqa Asigurari And Uniqa Asigurari de Viata End 2023 With Nearly EUR120M Gross Written Premiums, Up 10% YoY
03.15.2024
Uniqa Asigurari and Uniqa Asigurari de Viata, companies operating in Romania under the umbrella of Austrian group Uniqa, reached an overall volume... more
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NN Asigurari Boosts Share Capital By RON24.5M Up To RON88.6M
03.15.2024
NN Asigurari, the general insurance division of NN Romania, has received the approval of the Financial Supervisory Authority (ASF) to increase its... more
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Dimex-2000 Company's 2023 Profit Doubles YoY To Over RON14M
03.15.2024
Construction firm Dimex-2000 Company, controlled by entrepreneurs Ioan and Neluta Lucretia Scurtu from the locality of Rebrisoara (Bistrita-Nasaud... more
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Vastint Romania Sets Off Second Phase Of Timpuri Noi Square Office Project In Bucharest
03.14.2024
Vastint Romania has announced the start of the second phase of its real estate project Timpuri Noi Square, the urban regeneration project for the... more
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Antibiotice Iasi Seeks To Pay Dividends Of RON31M From 2023 Profit
03.14.2024
Pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) is summoning its shareholders to approve, among others, the distribution of RON31 million... more
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NNDKP Promotes 14 Lawyers And Consolidates Six Practice Areas In 2024
03.14.2024
Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has promoted 14 lawyers in 2024, strengthening six practice areas within the firm. more
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INS: Romania Had Some 4.98 Million Pensioners, Monthly Average Pension Of RON2,125 At End-2023
03.14.2024
Romania had some 4.98 million pensioners at the end of 2023, fewer by 11 thousand people than in the fourth quarter of 2022, and the monthly... more
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Finance Ministry Raises RON1.7B From Banks Via Two Bond Issues On March 14
03.14.2024
Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (March 14), selling government paper in two auctions, at annual average... more
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PwC Romania: Volume And Value Of Transactions Completed In 2023 Hit 3-Year Low
03.14.2024
Romania's M&A market recorded 189 completed deals worth EUR4.3 billion in 2023, down nearly 20% from EUR5.2 billion in 2022, according to analysis... 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.