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).
-
Competition Council Looks Into Takeover Of Electromontaj Carpati By Grampet Logistics
02.06.2024
Romania's Competition Council is assessing the transaction through which Grampet Logistics intends to take over Electromontaj Carpati. more
-
Mikro Kapital IFN Raises EUR2M In Bond Issue Brokered By Goldring
02.06.2024
Brokerage firm Goldring, one of the largest brokers on the Bucharest Stock Exchange, has successfully brokered an offer of corporate guaranteed... more
-
THR Marea Neagra Set To Sell Hotels And Land Plots In Three Seaside Resorts For At Least EUR15M
02.06.2024
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, plans to sell two... more
-
V7 Capital Appoints Eduard Burghelia As Venture Partner
02.06.2024
Investment Holding V7 Capital, which specializes in supporting and developing Romanian startups and businesses, has recruited Eduard Burghelia as... more
-
Infinity Capital Investments Unveils New Auction To Sell Stake In Complex Hotelier Dambovita
02.06.2024
Infinity Capital Investments (INFINITY.RO) has announced in a stock market report that it would hold on Feb 14, 2024 an open competitive bidding... more
-
Statistics Board: Romania Retail Sales Inch Up 0.1% YoY In December 2023
02.06.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 0.1% in unadjusted data and by 1.5% when... more
-
PeliPartners Analysis: New European Rules On Credit Agreements For Consumers
02.06.2024
The rules on credit agreements for consumers were revised at the end of 2023, when new responsibilities for creditors were introduced to protect... more
-
Coface Risk Barometer: Romania’s Risk Assessment Upgraded From B To A4
02.06.2024
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain,... more
-
Turkey’s Tarfin Set to Launch Platform in Romania
02.06.2024
Turkish agri fintech Tarfin is readying to launch Tarfin PRO platform in Romania in a bid to streamline the supply process, according to the... more
-
Pehart Tec Invests EUR8M in New Production Line, Enters AfH Market
02.06.2024
Pehart Grup, one of Southeastern Europe’s largest paper producers, is set to enter the Away from Home product market, under Sovio brand, in the... more
-
One United Properties Reports EUR275M Housing Sales and Pre-Sales in 2023, Up 63%
02.06.2024
Real estate developer One United Properties reported residential sales and pre-sales worth EUR274.9 million in 2023, up 63% from 2022. more
-
FMCG Wholesaler Licurici Impex Ends 2023 with RON514M Turnover, Up 5% YOY
02.06.2024
Licurici Impex, a consumer goods wholesaler of Onesti, Bacau county, in 2023 generated turnover worth RON514 million (EUR103.8 million), up around... more
-
Eckerle Automotive Seeks to Hire over 40 People at Cluj-Napoca and Turda Plants
02.06.2024
Car parts supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle, currently has 43 jobs available for the production units of... more
-
Bega Turism Set to Invest EUR12M in 126-Apartment Aparthotel
02.06.2024
Entrepreneur Marius Cristescu, who controls together with his brother Bega Turism, the largest tourism company in Timis county, plans to carry out... more
-
Travel Agency Eximtur Expects 10% Higher Sales in 2024
02.06.2024
Travel agency Eximtur of Cluj-Napoca, one of the largest on the market, controlled by Morariu family, for 2024 projects a 10% sales increase from... more
-
UniCredit Bank Generates almost EUR300M Profit in Romania in 2023, Up 44%
02.06.2024
Italian group UniCredit for 2023 reported EUR286 net profit from Romania operations, up over 44% from 2022, amid rising lending and revenues. more
-
OSCAR Downstream Likely to Launch First OSCAR-Branded Filling Station in 2H/2024
02.06.2024
OSCAR Downstream, the biggest independent player on the local oil market, a EUR1.47 billion business in 2023 owned by businessman Alin Niculae, is... more
-
Bucharest Stock Exchange Gained Over RON7B In Capitalization Last Week
02.06.2024
The Bucharest Stock Exchange (BVB) gained over RON7.09 billion in capitalization last week, while the value of share transactions decreased by... more
-
Finance Ministry Raises RON1.5B From Banks Via Two Bond Issues On February 5
02.06.2024
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (February 5), selling government paper in two auctions, at annual average... more
-
Statistics Board: New Passenger Vehicle Registrations Up 6.7% YoY In Q4/2023
02.06.2024
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter... 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.