Statistics Board: Romania's Economy Inches Up 0.1% YoY In Q1/2024
yesterday, 14:27
Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's statistics board INS showed on Wednesday (May 15).
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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
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PeliPartners Assists Adventum Group In Lease Extension Transaction With Genpact Romania
02.07.2024
Law firm PeliPartners assisted Adventum Group in signing a lease contract extension with Genpact Romania – the anchor tenant in Hermes Business... more
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RetuRO Opens Second Beverage Packaging Collection Center In Romania
02.07.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its second... more
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European Investment Bank Approves Financing For Romania’s Railway Upgrades
02.07.2024
The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport,... more
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Gilles Ballot Named Chief Executive Officer Of Carrefour Romania
02.07.2024
Carrefour Group announces the appointment of Gilles Ballot as Chief Executive Officer (CEO) of Carrefour Romania starting from February 12, 2024. more
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Allianz Trade: Romania Will Post GDP Growth of around 3% in 2024, 3.5% in 2025, But Public Finances Will Worsen Further
02.07.2024
Romania will register economic growth of around 3% in 2024, followed by 3.5% in 2025, but in parallel public finances will continue to deteriorate,... more
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Alro Slatina Invests $2.8M in Aluminum Alloy Electric Furnace for Plates Aging
02.07.2024
Alro Slatina, one of the largest vertically integrated aluminum producers in Europe by production capacity, has acquired an aluminum alloy electric... more
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Bulgaria’s VC Firm Eleven Launches New Round of Alpha Program
02.07.2024
Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition... more
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FintechOS Ends 2023 with 40% Revenue Growth, Below Expectations
02.07.2024
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services... more
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Atos Romania Seeks to Hire 43 IT Specialists
02.07.2024
The local subsidiary of French tech group Atos, present in Romania both via Atos Romania and Eviden Romania, seeks to recruit around 43 IT... more
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Amer Sports Ro Invests EUR6M in Sportwear Production Unit in Eurobusiness II Oradea Industrial Park
02.07.2024
Amer Sports Ro, part of Finnish-Chinese group Amer Sports, one of the world’s leading sportswear producers, is set to invest EUR6 million in... more
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Groupama Retains Leading Position on Romania Insurance Market in Jan-Sept 2023
02.07.2024
Groupama after the first nine months of 2023 was still the leading company on the insurance market, reaching a market share of almost 22%. more
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Farmec Ends 2023 With Over 10% Turnover Growth, To Over EUR70M
02.07.2024
Cosmetics producer Farmec Cluj reported a turnover of over EUR70 million at the end of 2023, up over 10% on the year, which sustained an advance of... more
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Chimcomplex To Carry Out RON21.4M Worth Of Share Buyback Program
02.07.2024
Chemical compound Chimcomplex Borzesti (CRC.RO), which owns two industrial platforms, in Onesti and Ramnicu Valcea, has received the approval of... more
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Affidea Romania Buys Three Medical Clinics In Suceava; Reaches 53 Units Across Romania
02.07.2024
Affidea Romania, the biggest player on the medical imaging services market, has acquired the Explora local business based in Suceava (north-eastern... more
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AHK: Romanian-German Trade Up 6% YoY To EUR40B In 2023
02.07.2024
Trade between Germany and Romania totaled EUR40.8 billion in 2023, with Romania ranking 17th among Germany’s trading partners, climbing three... 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.