Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
yesterday, 14:11
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the same period of 2023, data from the country's statistics board INS showed on Friday (May 10).
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Amber Studio Forgoes EUR2.8M State Aid To Create 120 Jobs In Botosani And Craiova
today, 07:00
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an... more
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Banca Transilvania Ends Q1 With 35% Rise In Net Profit To RON913M
today, 00:00
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35%... more
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IT Group Bittnet Ends Q1/2024 With Net Loss Of RON9.7M vs Loss Of RON2.7M In Q1/2023
yesterday, 23:45
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on... more
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Argus Constanta Switches To Net Loss Of RON3.6M In Q1/2024
yesterday, 22:46
Vegetable oil producer Argus Constanta (UARG.RO) announced in a stock market report on May 10 that it ended the first quarter of 2024 with a net... more
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OTP Bank Romania Ends Q1 With RON219M Total Income
yesterday, 21:24
OTP Bank Romania posted total income of RON219 million in the first quarter of 2024, an increase of 2% year-on-year, while the net profit shrank by... more
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Dan Niculaie Faranga Takes Over As CEO Of Tiriac Holdings
yesterday, 21:02
Dan Niculaie Faranga has taken over in May 2024 the position of Chief Executive Officer of Tiriac Holdings, one of the largest Romanian... more
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Chimcomplex Completes RON12M Green Investment For Ecological Polyols At Ramnicu Valcea Plant
yesterday, 19:09
Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has completed a project aimed at investing in innovative technology for... more
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MedLife Reports RON647M Turnover for Q1/2024, Up 22% Vs Q1/2023, RON13M Net Profit, 55% Higher
yesterday, 10:30
Private healthcare provider MedLife ended the first quarter of 2024 with pro-forma consolidated turnover worth RON647 million, up 22% from the... more
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OMV Petrom Seals Green Energy Supply Agreement with Saint-Gobain Romania
yesterday, 10:21
OMV Petrom, the largest integrated energy producer in Southeast Europe, and France’s Saint-Gobain, which owns several plants in Romania mainly... more
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Aerostar Bacau Ends Q1/2024 with RON155M Turnover, Up 24% from Q1/2023, RON25M Net Profit
yesterday, 10:13
Aerostar Bacau, a company that repairs and retools military aircraft, reported RON155.3 million turnover for the first three months of 2024, from... more
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Amigo & Intercost Posts 7% Higher Turnover in 2023 YOY
yesterday, 10:01
Beverage wholesaler Amigo & Intercost of Odorheiu Secuiesc, Harghita county, in 2023 generated RON560 million turnover, up 7% from 2022, in line... more
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CEC Bank Finances Over 3,000 Investment Projects From EU Funds, Worth A Total Of RON9.4B, In Last 17 Years
yesterday, 01:05
Romanian state-run lender CEC Bank has financed more than 3,000 investment projects from European funds, in the last 17 years, according to Ramona... more
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Rasirom Ends 2023 With RON17M Net Profit, Up 73% YoY
yesterday, 00:11
Regia Autonoma Rasirom, an integrator of cyber and physical security solutions under the coordination of the Romanian Intelligence Service (SRI),... more
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Donna Medical Center Ponders Expansion Outside Of Capital City Bucharest
05.09.2024
Bucharest-based Donna Medical Center, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specializing in breast imaging, is... more
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Groupama Reports Gross Written Premiums Of Over RON4B In 2023, Up 37% YoY
05.09.2024
Groupama Asigurari, the leader of the entire insurance market and the largest on the third-party liability insurance RCA market, ended 2023 with... more
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Diana Mihai To Take Over As Head of Marketing, Communication And Brand Experience Of ING Bank Romania
05.09.2024
Diana Mihai will take over the role of Head of Marketing, Communication and Brand Experience of ING Bank Romania, starting June 17, 2024, in line... more
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Retail Pharmacy Chain Medimfarm Generated RON163M Turnover In 2023, Up 10% YoY
05.09.2024
The Medimfarm retail pharmacy chain in Prahova, one of the largest regional networks in the local pharmaceutical retail, reached a turnover of... more
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Holde Agri Invest Signs Four Contracts Worth Nearly EUR4M
05.09.2024
Holde Agri Invest (HAI.RO), one of the largest players in the Romanian agribusiness sector, has announced in a stock market report on May 9 the... more
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Norofert Finalizes Fertilizer Production Line In The USA
05.09.2024
Norofert, leader in regenerative agriculture research and one of the largest input producers in Romania, listed on the Bucharest Stock Exchange,... more
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Romania Approves EUR94M Financing Scheme To Help Telecom Operators Develop Fiber Optic Or 5G Networks
05.09.2024
Romania's Prime Minister Marcel Ciolacu has announced on May 9 that the government approved a financing scheme of nearly EUR100 million, using... 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.