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 same period of 2023, data from the country's statistics board INS showed on Friday (May 10).
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Antibiotice Iasi Launches New Vet Product Range
02.09.2024
Antibiotice Iasi, the largest Romanian-held pharma producer, is launching eight veterinary products in the range of nutritional supplements,... more
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Impact Developer & Contractor Wants to Raise EUR3M Via Bond Issue Brokered by TradeVille
02.09.2024
Impact Developer & Contractor, the first real estate developer listed on the Romanian capital market, announced the launch of a public offering of... more
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ROCA Industry Completes Acquisition of 70% Stake in Workshop Doors in RON30M Deal
02.09.2024
Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million. more
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MerchantPro Sees 2023 Revenues Rise by over 20%, Expects Similar Growth in 2024
02.09.2024
MerchantPro, the e-commerce platform developed by local company Shopmania Net, in 2023 registered EUR1.7 million revenues, up over 20% from 2022,... more
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Trident 2023 Turnover Up 12% To EUR4.5M
02.09.2024
Bucharest’s Trident dental clinics, a brand including three units in Cotroceni and Herastrau, generated EUR4.5 million turnover in 2023, up over... more
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Entrepreneur Mihai Miron Targets over 12% Growth in 2024
02.09.2024
For Rohparma, one of the five largest pharma groups in Romania, and Sf. Constantin Hospital of Brasov, also almost the ten largest private... more
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Perla Harghitei and Apemin Tusnad Group Counts on Two-Digit Growth in 2024
02.09.2024
Mihai Neagu, CEO of Perla Harghitei and Apemin Tusnad, two of the largest companies in the natural mineral water field, says the group bets on a... more
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Cognyte Signs Lease For 1,600 Sqm in U•Center 2 Office Building
02.09.2024
Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space in the U•Center 2 office building... more
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HelpShip Leases 5,300 Sqm Of Warehouse In CTPark Oradea Cargo Terminal
02.09.2024
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has leased 5,300... more
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TeraPlast Bistrita Seeks To Repurchase Own Shares Within The Limit Of RON2.8M Budget
02.09.2024
Building materials manufacturer TeraPlast Bistrita (TRP.RO) announced in a stock market report on Feb 8 that the company's Board of Directors... more
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Law Firm ONV LAW Opens Office In Chisinau; Expects Combined Turnover Of Over EUR2.5M In 2024
02.09.2024
Law firm ONV LAW is expanding its consulting services on international markets with the opening of an office in Chisinau (the Republic of Moldova),... more
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Danone Romania Invests EUR1M In Photovoltaic Panels At Its Bucharest Plant
02.09.2024
Danone Romania, the leader of the Romanian yogurt market, has completed an investment of EUR1 million in the purchase and installation of... more
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Rompetrol Opens Two New Service Centers On A1 Highway
02.09.2024
Rompetrol Downstream, the retail division of KMG International Group in Romania, has recently opened two new service centers with Rompetrol gas... more
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Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On February 8
02.08.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), selling government paper in two auctions, at annual average... more
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Competition Council Slaps Four Companies With RON123M Fine For Price Fixing
02.08.2024
Romania's Competition Council has fined SEROM (Samsung Electronics Romania and Bulgaria), Dante International (eMag), Altex Romania and Flanco... more
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Energy Ministry Relaunches Two Calls For Investment Projects In Energy Storage Capacities And Photovoltaic Panels
02.08.2024
Romania's energy ministry has announced the relaunch of two calls for projects targeting investments in energy storage capacities (batteries) and... more
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Real Estate Deals In Romania Almost Halved In January 2024 To 37,241 vs. More Than 60,000 In December 2023
02.08.2024
The number of real estate deals in Romania exceeded 37,241 in January 2024, 23,340 fewer than in December 2023, data from the national cadaster... more
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Ten Best Performing Local Bond Funds In 2023 Delivered 9% To 15% Yields For Investors
02.08.2024
Raiffeisen Euro Obligatiuni, Goldman Sachs Romania RON Bond and FDI Globinvest were the best performing local open-end bond funds in Romania in... more
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Ten Most Active Bucharest Stock Exchange Brokers Intermediated RON3B Worth Of Deals In January 2024
02.08.2024
The ten most active brokers at the Bucharest Stock Exchange intermediated deals worth almost RON3 billion in January 2024, accounting for 92.6% of... more
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C&W Echinox: Bucharest Office Leasing Market Expands by 43% in 2023 YOY To over 463,000 Sqm
02.08.2024
The office area traded in Bucharest in 2023 increased by 43% against the previous year, to over 463,000 square meters, also breaking the 2019... 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.