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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Delgaz Grid Develops Natural Gas Distribution Network In Three Localities In Botosani County
02.05.2024
Natural gas and electricity distribution company Delgaz Grid has developed the gas distribution network in the localities of Hudum, Manastirea... more
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Top Brand Finance 500: Deloitte Ranked Sixth Strongest Brand In the World In 2024
02.05.2024
Deloitte holds the sixth spot in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most... more
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Trencadis Ends 2023 with over EUR33M Turnover, Up 39%, EUR1.2M Net Profit, 53% Higher Vs 2022
02.05.2024
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business... more
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JYSK Continues Expansion in Romania
02.05.2024
JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday,... more
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SIF Muntenia Set to Change Name to Longshield Investment Group
02.05.2024
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with... more
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Wet Wipe Maker Europack Set to Boost Production Capacity by 35-40% in 2024
02.05.2024
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by... more
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Furniture Retailer Mömax Gets EUR56M Capital Injection, Set to Open Two New Stores
02.05.2024
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December. more
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Romania Industrial Production Prices Drop 3.4% YoY In December 2023
02.03.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.4% in December 2023 compared to... more
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Romgaz Plans To Issue First Tranche Of Bonds, Of EUR500M, In H2/2024
02.03.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) plans to sell EUR500 million worth of bonds in the second half of 2024 in order to... more
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ACAROM: New Car Registrations In Romania Up 4.15% YoY To 12.733 Units In January 2024
02.02.2024
New car registrations in Romania increased by 4.15% on the year to 12,733 units in January 2024, in line with data released on Feb 2 by Romanian... more
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Romania May Attract Over EUR40M Investment In Lithium-Ion Battery Recycling Facility
02.02.2024
The National Battery Recycling System Association (SNRB) and Ecowes, the battery collection and recycling company from Romania, become partners... more
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China's Haier Group Set To Lay Off 40% Of 1,000 Employees At Its Refrigerator Factory In Prahova County
02.02.2024
China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention... more
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Colliers Predicts Investment Rebound For CEE Real Estate Market In 2024
02.02.2024
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and... more
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ING Bank: Most Romanian Homeowners Took Measures To Enhance Energy Efficiency Of Their Homes, In Last 3 Years
02.02.2024
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three... more
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Energy Ministry Launches 2nd Edition Of Electric Up Program
02.02.2024
Romania's energy ministry has announced the launch of Electric Up 2, a program that offers support to SMEs and the hospitality industry for the... more
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INS: Romania Building Permits Down 5.2% YoY In December 2023
02.02.2024
Romanian authorities issued 2,550 residential building permits in December 2023, 5.6% fewer than in November 2023 and 5.2% fewer than in December... more
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New Issue Of Bittnet System Bonds Starts Trading On Bucharest Stock Exchange On Feb 2
02.02.2024
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new... more
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Glodeni Energy Borrows over RON82M from Libra Internet Bank to Build 53 MW Solar Parks in Mures
02.02.2024
Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private... more
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SeedBlink Aims to Expand in DACH Area and France in 2024
02.02.2024
SeedBlink, a local company that has developed an equity crowdfunding platform for tech startups, present in several European countries, plans to... more
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Simba Invest Ends 2023 with EUR170M Turnover, Up 26% YOY
02.02.2024
Bacau-based Simba Invest, a major consumer goods wholesaler locally, in 2023 registered turnover worth around EUR170 million, 26% higher than in... 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.