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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Randstad Workmonitor 2024: Work-Life Balance, as Important as Wages for Romanian Employees
01.25.2024
The balance between professional and personal life has become as important as wages for Romanian employees and just half of them believe a... more
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Romania Hospitality Entrepreneurs Take Steps Abroad
01.25.2024
For a long time, local entrepreneurs in all the fields of the Romanian economy have had a cautious approach in business, preferring to anchor their... more
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Eversted Set to Manufacture Hygiene Products
01.25.2024
Eversted, the brand under which an air filter plant, as well as a mask one operate in Prahova county, will also develop starting 2024 on the... more
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Nuclearelectrica Expects RON1.3B Net Profit in 2024, Down 48% Vs 2023 amid RON4.7B Revenues, 42% Lower
01.25.2024
Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66... more
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Several Milk Coops Launch Own Brand, Naturlact
01.25.2024
Several cooperatives part of BOVICOOP, which bring together over 17 cooperatives with a number of over 600 farmers of Transylvania, have launched... more
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Sipex Wants to Build Plant in Aricestii Ahtivani
01.25.2024
Building materials wholesaler Sipex intends to open its own plant, with non-reimbursable funds as the funding source. 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.