Romania's Annual Inflation Drops To 5.9% In April 2024
yesterday, 13:22
Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's statistics board INS showed on Tuesday (May 14).
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Statistics Board: Romania's Industrial Production Falls 4.2% YoY In March 2024
today, 00:12
Romania’s industrial production decreased by 4.2% in unadjusted data in March 2024 versus March 2023 but increased by 2.8% when adjusted for... more
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ANA Hotels Set To Reopen Panoramic Restaurant On Tampa Mountain In Brasov
yesterday, 23:46
Panoramic Restaurant on the Tampa Mountain in Brasov will reopen next year, after ANA Hotels bought it from Aro Palace in 2022 and said it planned... more
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Promateris Switches To RON10.6M Net Profit In Q1/2024 vs Nearly RON920,000 Loss In Q1/2023
yesterday, 23:35
Biodegradable and compostable packaging manufacturer Promateris (PPL.RO) ended the first quarter of 2024 with net profit of RON10.6 million,... more
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Builder CML.RO Triples Profit In 2023
yesterday, 23:22
Construction company CML.RO in Beclean, Bistrita-Nasaud County, owned by entrepreneurs Mihaela and Vasile Ros, posted RON185.7 million (EUR37.6... more
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Alro Slatina's Net Loss Shrinks To RON15M In Q1/2024 vs RON52M In Q1/2023
yesterday, 23:17
Aluminum producer Alro Slatina (ALR.RO) reported net loss of RON14.8 million for the first quarter of 2024, compared to a negative result of... more
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AROBS Makes RON11.7M Net Profit, RON105M Revenue In Q1
yesterday, 23:02
AROBS Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted RON105 million consolidated... more
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Turbomecanica Switches To RON1.3M Profit In Q1/2024 vs RON33,000 Loss In Q1/2023
yesterday, 22:53
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, reported net profit of RON1.3 million for the... more
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Biofarm's Net Profit Shrinks 35% YoY To RON20.6M In Q1/2024
yesterday, 22:41
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) ended the first three months of 2024 with net profit of RON20.6 million, down almost 35% from... more
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Hidroelectrica’s Net Profit Shrinks 23% To RON1.3B In Q1, 2024
yesterday, 22:28
State-owned Hidroelectrica (H2O.RO), Romania's largest electricity producer and the largest issuer listed on the Bucharest Stock Exchange by market... more
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Sipex Company Ends Q1, 2024 With RON1.1M Loss And 10% Growth In Revenue To RON69.3M
yesterday, 21:44
SIPEX (SPX.RO), one of the largest distributors of building materials and finishes in Romania, with 27 years in business on this segment, posted... more
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Farmaceutica Remedia Reports 27% Higher Turnover, Of RON172.6M, For Q1/2024
yesterday, 21:38
Farmaceutica Remedia Group (RMAH.RO), with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma... more
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Tub Integral 2023 Profit Up 21.5% YoY To RON7.8M
yesterday, 21:22
Tub Integral, a distributor of electrical materials and lighting fixtures, held by the Tarmure family from Bistrita, reported a turnover of RON75.7... more
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Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
yesterday, 20:57
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a... more
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Romania's Current Account Deficit Edges Down YoY To EUR3.94B In January-March 2024
yesterday, 20:39
Romania's current account deficit stood at EUR3.94 billion in January-March 2024, slightly lower than the EUR3.96 billion level reported in the... more
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Comelf Bistrita Reports Total Operating Revenue Of RON41.8M For Q1/2024, Down 14% YoY
yesterday, 17:15
Industrial material manufacturer Comelf Bistrita (CMF.RO) reported total operating revenue of RON41.8 million in January-March 2024, down 14.35% on... more
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Primark Wants to Open Fourth Store in Romania in Vivo! Shopping Center of Cluj-Napoca
yesterday, 11:31
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of... more
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Frames: Romania Has Opportunity to Become True Logistic Hub
yesterday, 10:57
Romania stands all chances to become a genuine regional hub in the field of logistics, production and cross-border services, reveals an analysis of... more
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Dutch Group Photon Energy Gets EUR15M from EBRD to Build Six Photovoltaic Parks in Romania
yesterday, 10:07
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD)... more
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Transelectrica Q1/2024 Net Profit Up 29% To RON103M
yesterday, 09:55
Romania’s national power transmission company Transelectrica generated RON103 million net profit in the first quarter of 2024, up 29% from the... more
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Nuclearelectrica Ends Q1/2024 with RON1.2B Revenues, Down 43%, RON563M Net Profit, Down 26% from Q1/2023
yesterday, 09:47
State-run nuclear power producer Nuclearelectrica ended the first quarter of 2024 with RON1.2 billion revenues, down 43.1% from Q1/2023, while net... 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.