Romania Forex Reserves Shrink To EUR62.5B In April 2024
yesterday, 20:23
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024).
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Online Retailer evoMAG Budgets EUR0.5M Investment, Up To 20% Turnover Growth for 2024
01.31.2024
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted investments worth around EUR0.5 million for the current year, flat... more
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Macromex Sees 10% Growth In Sales Volumes YoY In 2023; Retail Sector Decline Offset By Hospitality Industry Growth
01.31.2024
Macromex, one of the largest local fast moving consumer goods distribution companies, reported a 10% increase in sales volumes in 2023 compared to... more
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Zitec Ends 2023 With EUR30M Consolidated Turnover, Up 15% YoY
01.31.2024
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns a 25% stake, ended 2023 with a consolidated turnover of... more
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Mark Twain International School Joins Portfolio Of Private Equity Fund Morphosis Capital
01.31.2024
Morphosis Capital Fund II, a growth capital fund, together with Vybros Capital Partners, a Belgian family funded permanent capital fund, as a... more
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Accenture: 95% Of Employees Deem Generative AI Useful, But 60% Are Concerned About Job Loss, Stress, Burnout
01.31.2024
The large majority of employees (95%) see value in working with generative Artificial Intelligence (AI), while approximately 60% are also concerned... more
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Flanco Sees Record Sales In 2023
01.30.2024
Flanco, the second largest actor in Romanian computer and electronics retail, achieved record sales of RON1.275 billion last year, 20% higher than... more
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New Special Transaction With Hidroelectrica Shares: 0.17% Stake In The Company Changes Hands In RON93M Deal
01.30.2024
On Tuesday, January 30, a special transaction (DEALS) with shares of green power producer Hidroelectrica (H2O.RO) worth RON92.8 million was... more
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Skatepark And Playground Builder Sport Play Systems Ends 2023 With RON30.3M Revenue
01.30.2024
Skatepark and playground builder Sport Play Systems in Turda, Cluj County, held by local entrepreneurs Adrian Silagyi and Mihai Balas, ended 2023... more
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Transelectrica Expects 14% Higher Revenue, 40% Lower Profit In 2024
01.30.2024
State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure... more
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MerchantPro Report: Romania's E-Commerce Market Seen Keeping Upward Trend In 2024
01.30.2024
Fueled by access to digitalization and increased income of the young population and digital natives, Romania's e-commerce market is expected to... more
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PPC Romania Group Expands Its Management Team With Two New Romanian Directors
01.30.2024
Ionut Duna, General Manager of PPC Energie and PPC Energie Muntenia, and Adrian Dugulan, General Manager of PPC Renewables Romania, are joining the... more
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Analysis: Romania's Media Retail Market Seen Overshooting EUR10M In 2024
01.30.2024
Romania's media retail market is expected to exceed EUR10 million in 2024, which would translate into an increase of over 30% compared to the... more
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Three-Month ROBOR Drops To 6.11% On Jan 30, 2024, The Lowest Level Since Summer 2022
01.30.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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ARIR’s 2023 VEKTOR Report: 20 Firms Listed On Bucharest Stock Exchange Get Maximum Scores For Investor Communication
01.30.2024
The Romanian Investor Relations Association (ARIR), the promoter of the Investor Relations (IR) concept, has announced the results for VEKTOR by... more
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Romgaz 2023 Gas and Hydrocarbon Output Down 3% YOY
01.30.2024
Romanian natural gas producer and supplier Romgaz for 2023 reported a preliminary gross natural gas production of 4.79 billion cubic meters, down... more
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Aquila Shareholder Raises RON96M After Transferring 100 Million Shares, Or 8.33% Stake In The Company
01.30.2024
Aquila Part Prod (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, on January 26... more
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ESSA Group Reports EUR24.3M Turnover For 2023, Up 24% YoY
01.30.2024
ESSA Group, a Romanian company active on the trade marketing and staff recruitment services market, ended 2023 with a turnover of EUR24.3 million,... more
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Builder Taffo Ends 2023 With RON118.7M Turnover, Up 27.5% YoY
01.30.2024
Taffo, a Baia Mare-based building company owned by three shareholders, ended 2023 with a turnover of RON118.7 million (nearly EUR24 million), up... more
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Bittnet Systems To List RON10M Bonds At Bucharest Stock Exchange On Feb 2, 2024
01.30.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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EIB Signs EUR40M Loan With Eldrive To Expand EV Charging Networks In Romania, Bulgaria And Lithuania
01.30.2024
The European Investment Bank (EIB) has signed a EUR40 million loan to Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations... 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.