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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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
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eJobs: 81% of Employers Plan Team Expansion in 2024
02.08.2024
81% of participants in the latest survey carried out by eJobs.ro stated they have recruitment plans for 2024, and 65% of them have already started... more
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BRD Wants to Distribute Dividends with 7.7% Yield
02.08.2024
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution... more
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BRD 2023 Profit Up 27% YOY amid 13% Higher Revenues
02.08.2024
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid... more
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Pharma Company Biocodex Targets EUR10M Revenues in Romania in 2024
02.08.2024
Romania met several major criteria for France’s Biocodex to decide opening its own Bucharest subsidiary: a good macroeconomic framework,... more
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Cargo Partner Set to Expand Bucharest, Cluj-Napoca and Timisoara Logistic Spaces
02.08.2024
Cargo Partner, the local subsidiary of the Austrian group of the same name, which was taken over internationally by Japan’s Nippon Express, will... more
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Topanel 2023 Investments Top EUR15M
02.08.2024
Thermal-insulating panel producer Topanel in 2023 operated total investments worth above EUR15 million, with most money being directed to boosting... more
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Florin Danoaie and Raul Ciurtin Attract Polish Partner to Develop Domeniile Boieru Wines
02.08.2024
JNT Group, one of Poland’s major wine producers, importers and wholesalers, has signed an agreement to take over the majority stake in Domeniile... more
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Automobile Dacia Seeks to Hire 138 People at Mioveni Plant
02.08.2024
Carmaker Automobile Dacia currently has 138 jobs available at the Mioveni plant. more
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Ford Otosan Craiova Set to Start New Puma Production in 2Q
02.08.2024
Ford Otosan Romania will start the production of the Puma facelift in Craiova in the second quarter of this year and deliveries to local clients... more
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factory by Raiffeisen Bank Program Funded Over 430 Businesses, Total Financing Value Nears EUR24M
02.08.2024
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses,... more
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UNSAR: Insurance Companies' Home Insurance Claim Settlements Topped RON119M In Jan-Sept 2023
02.08.2024
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared... more
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Telecom And Automotive Component Plant Faist Oradea Reports EUR50M Turnover For 2023
02.08.2024
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, had a turnover of EUR50 million in... more
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Competition Council Looks Into Transaction Whereby OMV Petrom Acquires 50% Of Electrocentrale Borzesti Shares
02.07.2024
Romania's Competition Council is assessing the transaction through which OMV Petrom, the sole oil and gas producer in Romania and the largest... more
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Complice.ro Aims To Reach EUR1M Turnover Mark In 2024
02.07.2024
Complice.ro, an online store providing a series of experience packages for individuals and companies, aims to reach the EUR1 million turnover mark... 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.