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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Nimet Ends 2023 With RON633M Turnover, Down 27% YoY
04.30.2024
Targoviste-based Nimet, one of the biggest chrome plated steel bars and tubes producers, ended 2023 with a turnover of RON633 million, down 27% on... more
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Hidroelectrica To Pay Out RON6.3B Dividends To Its Shareholders On June 28
04.30.2024
State-run Hidroelectrica (H2O), the largest electricity producer in Romania, said in a stock market report that its shareholders approved, in their... more
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Lion Capital Rejects Proposal Of Shareholder Blue Capital To Distribute RON209M Dividends And To Start Share Buyback Program
04.30.2024
Alternative investment fund Lion Capital (LION.RO) said in a stock market report that its shareholders decided in their extraordinary general... more
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Teilor Holding Ends 2023 With 11% Growth In Revenue To RON413M
04.29.2024
Teilor Holding SA, a group of companies that includes the Teilor luxury jewelry chain, the non-bank financial company Invest Intermed GF IFN,... more
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Aquila Part Prod Shareholders Approve RON85M Dividends
04.29.2024
Aquila Part Prod (AQ.RO), an entrepreneurial company providing distribution and logistics services for consumer goods in Romania and the Republic... more
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Meta Estate Trust Shareholders Approve Distribution Of 2023 Profit
04.29.2024
Meta Estate Trust, (MET.RO), a holding company in the real estate sector, has secured shareholder approval for distributing the 2023 profits as... more
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Evergent Investments To Pay Out RON82M Dividends On June 12, 2024
04.29.2024
Alternative investment fund Evergent Investments (EVER.RO) informed the capital market in a report about the shareholders' decision of April 29 to... more
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Orange Promotes Adela Guedon, Replaces Her With Carl Al Khawand As CFO Of Orange Romania
04.29.2024
Orange, the telecom market leader in Romania, has announced appointment of Carl Al Khawand chief financial officer (CFO) of the Orange Romania... more
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Finance Ministry Raises Nearly RON961M From Banks Via Two Bond Issues On April 29
04.29.2024
Romania's Finance Ministry raised RON961 million from banks on Monday (April 29), selling government paper in two auctions, at annual average... more
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European Commission Approves EUR95M Romanian Restructuring State Aid For TAROM
04.29.2024
The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up... more
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Premier Energy Acquires 80MW Wind Park In Constanta In EUR88M Deal
04.29.2024
Premier Energy Group, held by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiří Šmejc, has acquired the Mihai Viteazu wind... more
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Virgil Ichim Step Down As CEO Of Allianz-Tiriac Pensii Private After Five Years
04.29.2024
Virgil Ichim, CEO of Allianz-Tiriac Pensii Private, is stepping down from his role effective April 30, 2024, in order to pursue other career... more
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Statistics Board: Germany, France, United States Control Enterprise Subgroups In Romania
04.29.2024
Germany, France and the United States of America hold the top three spots among countries that control enterprise subgroups in Romania, as per the... more
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Romania, Last Among EU Countries By Business Innovation
04.29.2024
Romania remains at the bottom of the European Union rankings in terms of innovation, with the proportion of Romanian companies introducing new or... more
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INS: Romanian Managers Expect Relative Stability In Employee Numbers In Manufacturing And Services In April-June 2024
04.29.2024
Romanian executives forecast growth of activity in construction and retail trade, relative stability in the number of employees in manufacturing... more
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eMAG Launches Hair & Make-Up Shop
04.29.2024
Online retailer eMAG is launching a new shop-in-shop, with hair care, styling devices and make-up products, Hair & Make-up Shop. more
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Prima Development Group Buys 6-Ha Land Plot from Immofinanz in Northern Bucharest to Build over 2,000 Apartments
04.29.2024
Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe... more
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Romanian Subsidiary of Germany’s CANCOM almost Doubles Net Profit in 2023
04.29.2024
CANCOM Romania, a subsidiary of CANCOM SE, one of the leading integrated IT services providers in Germany, in 2023 registered RON6 million net... more
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SoftOne Group Eyes Nationwide Expansion
04.29.2024
SoftOne group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, wants to expand... more
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Austria’s SW Umwelttechnik Generates RON230M Turnover, RON18M Profit in Romania in 2023
04.29.2024
SW Umwelttechnik Romania, the local subsidiary of the Austrian company of the same name, a maker of precast concrete products, boosted turnover by... 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.