Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
yesterday, 23:25
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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BVB Group Rakes In RON82.79M Consolidated Operating Revenues in 2023, Up 46%
02.13.2024
BVB group in 2023 posted consolidated operating revenues worth RON82.79 million, up 46%, an increase mainly generated by a significant event, H2O... more
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OMV Petrom Earmarks EUR300M Budget for Investments in 2024
02.13.2024
OMV Petrom has for 2024 earmarked a budget of around EUR300 million for acquisitions, with the funds covering both deals signed in 2023 and set to... more
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Termoexpress Aims to Expand Car Fleet
02.13.2024
Termoexpress, a carpentry producer of Cluj county, plans to earmark funds for car fleet expansion as most sales are directed abroad. more
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Paint Maker Köber Has Two Major Investment Projects Underway
02.13.2024
Romanian paint and coatings maker Köber of Neamt county is developing two major investment projects in parallel, in Hunedoara and Neamt counties. more
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Winemaker Jidvei Ends 2023 with over EUR50M Turnover
02.13.2024
Jidvei, one of Romania’s largest winemakers, controlled by entrepreneur Claudiu Necsulescu, ended 2023 with turnover worth above EUR50 million at... more
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Germany’s Leoni Seeks to Hire 165 People at Bascov Plant
02.13.2024
Automotive wiring maker Leoni Wiring Systems Pitesti, part of German group Leoni, currently has 165 jobs available at the wiring plant of Bascov,... more
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Knight Frank Romania: Central-Western Part Of Bucharest To Concentrate Offices For One Million Employees
02.13.2024
The central-western part of capital city Bucharest, from the Orhideea area to Calea 13 Septembrie area, will be concentrating more than 900,000... more
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Romania's Financial Regulator Authorizes New Board Of Governors Of Bucharest Stock Exchange
02.13.2024
Romania's financial regulator ASF has authorized the members of the Board of Governors of the Bucharest Stock Exchange (BVB.RO, the operator of... more
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Germina Agribusiness Sells Real Property In Capital Bucharest For EUR1M
02.13.2024
Seed producer and processor Germina Agribusiness (SEOM.RO) announced the completion of the sale process for several real estate assets held by the... more
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Large Energy Companies In Romania Report Nearly RON1.5B Interest Income For Jan-Sept 2023, Up 54% YoY
02.13.2024
Large companies operating in the energy and utilities sectors at the Bucharest Stock Exchange recorded interest income of almost RON1.5 billion for... more
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Aurelian Marin Acquires 4* Hotel In The Mamaia Seaside Resort
02.12.2024
Aurelian Marin, the owner of travel agency Paradis Tours and several hotels on the Romanian seaside, has acquired four-star Modern All Inclusive... more
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Finance Ministry Raises RON784M From Banks On Feb 12
02.12.2024
Romania's Finance Ministry raised RON784 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due... more
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Dorinel Umbrarescu Acquires Otelu Rosu Steel Plant From Caras Severin For EUR12M
02.12.2024
Dorinel Umbrarescu, the owner of construction firms UMB Spedition, Tehnostrade and SA&PE Construct, is acquiring liquid steel producer Otelul Rosu... more
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Niculae Havrilet Waives His Mandate Of Member In Supervisory Board Of OMV Petrom
02.12.2024
Niculae Havrilet has notified OMV Petrom with a waiver of his mandate as a member of the company's Supervisory Board, starting February 12, 2024,... more
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Vodafone Romania Teams Up With Sweden's Ericsson For 5G Network Deployment
02.12.2024
Vodafone Romania, one of the largest players on the local communications market, has concluded a strategic partnership for the implementation of... more
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Lowe Group Expands Top Management Team, Appoints Florina Varzariu As Chief Financial Officer
02.12.2024
Lowe Group, one of Romania’s largest marketing and communication groups, is strengthening its top management team by appointing Florina Varzariu... more
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Deloitte: Romania's M&A Market Slightly Lower By Volume In 2023, But Flat By Value Estimated At EUR6.5 -7.2B
02.12.2024
Romania's mergers and acquisitions (M&A) market decreased slightly by volume in 2023 compared to 2022, but maintained its value, being estimated at... more
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Cybersecurity Remains Top Risk For European Banks
02.12.2024
For the second consecutive year, the EY and Institute of International Finance (IIF) Bank Risk Management Survey finds that cybersecurity is the... more
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Romania Average Net Salary Up 6.6% In December 2023 vs November 2023
02.12.2024
The average net salary in Romania increased by 6.6% in nominal terms in December 2023 compared to November 2023, to 5,079 (EUR1.036), data from the... more
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Finance Ministry Launches New Edition of TEZAUR T-Bills Program
02.12.2024
The Finance Ministry starting Monday, February 12 launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population. 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.