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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Three Companies Sign Lease Renewal Contracts For 2,000 Sqm Of Office Space Within America House Office Building
01.29.2024
In early 2024, Bucharest-based America House office building signed office lease renewal contracts for a total 2,000 square meters with Mastercard,... more
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Mushroom Producer Boglar Champ Ends 2023 With 20% Growth In Revenue To RON134M
01.29.2024
Boglar Champ, which cultivates mushrooms in the village of Nusfalau, Salaj County, ended last year with RON134 million (EUR27 million) revenue, up... more
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Airline Fly Lili To Operate Flights From Brasov Airport As Of This Summer
01.29.2024
Airline Fly Lili, controlled by German businessman Jürgen Andreas Faff, will start operating flights from the Brasov-Ghimbav International Airport... more
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Teraplast Set To Consolidate And Expand European Presence In 2024
01.29.2024
Building materials manufacturer TeraPlast Group aims to expand its European presence in 2024, which is why, after the acquisition of Palplast in... more
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Freshful by eMAG Sees Sales Doubling In 2023
01.29.2024
Online hypermarket Freshful, part of eMAG group, announced that it recorded an increase of over 119% in sales in 2023. more
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Finance Ministry Raises RON652M From Banks On January 29
01.29.2024
Romania's Finance Ministry raised RON652 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due... more
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SIF Muntenia And Sea Container Services Set To Take Over 8.8% In Santierul Naval Orsova
01.29.2024
Shipbuilder Santierul Naval Orsova (SNO.RO) has informed the local stock market on Monday (January 29) that the Financial Supervisory Authority... more
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0.15% In Hidroelectrica Change Hands In RON84M Deal
01.29.2024
On Monday, January 29, a special transaction (DEALS) with shares of green power producer Hidroelectrica (H2O.RO) worth RON84.2 million was... more
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Statistics Board: Romanian Managers Expect Stable Economic Activity In January-March 2024
01.29.2024
Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate... more
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Moneycorp: More Than Half Of Businesspeople Believe Romania's Economy Will Enter Technical Recession In 2024
01.29.2024
Businesspeople look with concern at the prospects of 2024, against the background of the increase in operational costs and the evolution of... more
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Adrem Borrows over RON32M from ING for Development
01.29.2024
Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over... more
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CFA Analysts Forecast 5.78% Inflation, Expect Leu to Reach 5.0781 Units Per Euro in Next 12 Months
01.29.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the... more
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TARA Interactive Aims to Expand to Middle East
01.29.2024
Romanian company TARA Interactive, specialized in software development, plans to expand its activity to the Middle East, Vlad Lepadatu, managing... more
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WDP’s Romania Projects Generate over EUR72M Revenues in 2023
01.29.2024
WDP’s Romania projects in 2023 generated revenues of above EUR72 million, in line with the company’s report. more
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Conpet Ploiesti Budgets 8% Higher Revenues, but 28% Lower Profit for 2024
01.29.2024
Romanian state-owned oil transporter Conpet Ploiesti included in its 2024 revenues/expenses budget the sum of RON588.7 million for revenues, namely... more
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Serban Group Holding Has EUR20M Projects in Progress
01.29.2024
Entrepreneurial company Grup Serban Holding, active in several fields of agriculture, has investments of around RON100 million (the equivalent of... more
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Romania’s Largest Airports Have Investments of almost EUR670M Underway
01.29.2024
Romania’s biggest airports, including those of Iasi, Cluj, Timisoara, Sibiu and Craiova, are set to complete investments of almost EUR670 million... more
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Hidroelectrica Estimates All-Time High Profit Of RON6B For 2023
01.26.2024
Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02... more
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Monza CEO Luca Militello Bets EUR500,000 On Expansion Of Sciccheria Restaurant Brand
01.26.2024
Luca Militello, the CEO of the privately owned Monza health group, along with his wife and other partners, is betting EUR500,000 on expanding the... more
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Specialty Café Chain Boiler Opens Seventh Coffee Shop
01.26.2024
Specialty café chain Boiler has reached seven stores in Bucharest after the company opened a new one in the Casa Presei Libere area, a... 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.