CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
03.27.2024
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation rate will average 5.46%, the lowest level since November 2021.
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Comvex Constanta Plans To Distribute RON125M Worth Of Dividends
03.21.2024
Port operator Comvex Constanta (stock symbol: CMVX) has called its shareholders for an April 22 meeting to decide on approving the distribution of... more
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IAR Brasov Proposes Distribution Of RON11.7M Worth Of Dividends
03.21.2024
IAR Brasov (stock symbol: IARV), which makes and repairs spare parts for helicopters, has called its shareholders for an April 26 meeting to vote... more
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Transelectrica Extends Mandates Of Provisional Directorate Members By 2 Months
03.21.2024
Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on March 21 that it decided to... more
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Carrefour Closes Half Of Cora Convenience Stores After Takeover
03.21.2024
French-held Carrefour group is closing half of the convenience stores it got when it bought rival Cora’s operations in Romania, that is four of... more
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CMS' M&A Study Unveils Optimistic Outlook For M&A Activity In Europe In 2024
03.21.2024
CMS has announced the findings of the 16th edition of the CMS European M&A Study 2024, which analyzed a record 559 deals throughout 2023,... more
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Ambulance Maker Deltamed Sees 88% YoY Increase In Revenue To EUR36M In 2023
03.21.2024
Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a... more
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Businessman Radu Dimofte To Receive RON8M Dividends From Practic Bucuresti
03.21.2024
The shareholders of Practic SA (stock symbol: PRBU), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte,... more
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One United Properties Calls Shareholders To Vote On Dividends and Potential Bond Issue
03.21.2024
Real estate developer One United Properties (ONE.RO) has called shareholders for April 25, 2024, to vote on the distribution of RON38 million... more
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Alexandrion Group Continues Global Expansion
03.21.2024
Spirits production and distribution group Alexandrion is expanding worldwide, founder Nawaf Salameh says, whose dream is to go to every country,... more
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NEPI Rockcastle Announces Budget Of Over EUR650M For Projects In Central And Eastern Europe
03.21.2024
NEPI Rockcastle has announced a budget of over EUR650 million for medium-term construction and redevelopment projects in Central and Eastern Europe. more
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Finance Ministry Raises RON1.2B From Banks On March 21, 2024
03.21.2024
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday (March 21, 2024), selling benchmark bonds with a scheduled value of RON600... more
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Iulia Surugiu Appointed CEO Of SII Romania
03.21.2024
SII Romania, a multinational company specialized in software engineering and technology consulting, has announced the appointment of a new General... more
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iBanFirst Expects Romania Economy to Grow by 2.7% in 2024, Exchange Rate to Fluctuate within RON4.99-5,02/EUR Range, Sees Inflation at 5%
03.21.2024
The evolution of Romania economy in 2024 will be in line with the tendencies registered in the rest of Europe, set to mark modest growth, below... more
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German Retailer Hornbach Expands IT Hub to Romania
03.21.2024
Germany’s DIY retailer Hornbach has announced the expansion of the group’s IT hub in Romania. more
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New Car Registrations in Romania Down 8.9% Annually in February
03.21.2024
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full... more
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Nuclearelectrica Proposes Gross Dividend of RON3.71/Share from 2023 Net Profit
03.21.2024
State-run nuclear power producer Nuclearelectrica is set to submit to shareholders’ approval the proposal regarding the distribution of a gross... more
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Infinity Capital Investments Wants 2023 Net Profit Distributed to Reserves for Future Investments
03.21.2024
The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to... more
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Fly Music Targets European Markets
03.21.2024
Entrepreneur Florin Fodor, who almost two decades ago set up musical instruments store network Fly Music together with his wife Liliana Fodor,... more
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Moldovan Carmangerie Wants to Invest EUR17M in Burger Plant
03.21.2024
Moldovan Carmangerie, with activities in the meat industry and part of a group of companies founded and controlled by Moldovan family, will invest... more
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Feruccio Group Invests EUR2.5M In Winery In Dealu Mare; Set To Build EUR1.7M Hotel
03.21.2024
Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a... 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.