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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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
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Fondul Proprietatea Readies Salrom's Stock Market Listing
02.07.2024
Fondul Proprietatea (FP.RO) is readying the stock market listing of state-owned company Salrom, the only salt producer in Romania, as per data from... more
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Romnav Braila Calls Shareholders To Approve Dividend Payout At 7% Yield From 2022 Profit
02.07.2024
The Board of Directors of Danube freight carrier Romnav Braila (BRNA.RO) has called shareholders for a meeting on March 11, 2024 to vote on the... more
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Industrial Parks Held By Oradea City Hall Attracted Investments Worth Over EUR28M In 2023
02.07.2024
The Local Development Agency, a public company having the city of Oradea as majority shareholder, attracted total investments of EUR28.3 million in... more
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Romanian Startup QOOBISS' Turnover Triples YoY To EUR1M In 2023
02.06.2024
QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification solutions using video... more
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Competition Council Approves Takeover Of Workshop Doors By ROCA Group
02.06.2024
Romania's Competition Council has approved the transaction whereby Eco Euro Doors, a company member of ROCA Group, intends to take over Workshop... more
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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
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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
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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
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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
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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
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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
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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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.