Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
05.16.2024
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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Motorola Mobility Aims to Sell 500,000 Smartphones in Romania in 2024, 100,000 More than in 2023
03.04.2024
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining... more
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ASA CONS Invests over EUR1M to Boost Warehousing Capacity, Install Photovoltaic Panels
03.04.2024
Romanian precast concrete product manufacturer ASA CONS of Turda has completed an over EUR1 million investment program, which envisaged increasing... more
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TeraSteel Aims to Start Production in New Plant in 1Q/2025
03.04.2024
Thermal insulating panels manufacturer TeraSteel, owned by Irish group Kingspan, is continuing its investment in a new plant, located in Lehliu... more
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Carbochim Generates RON120.7M Net Profit in 2023 after Headquarters Sale
03.04.2024
Carbochim Cluj-Napoca, Romania’s largest professional abrasives maker, reported RON120.7 million net profit for 2023, largely generated from the... more
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Elis Pavaje Does Not Rule Out International Expansion
03.04.2024
Paver maker Elis Pavaje, owned by Gota family of Alba, plans to expand internationally, already delivering to several European countries. more
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Holde Agri Invest 2023 Loss Widens YoY To RON28.5M From RON2M Level In 2022
03.01.2024
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, ended 2023 with a loss of RON28.5 million, compared to a loss of RON2... more
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Appraisal & Valuation's Net Profit Soars 56.6% YoY To RON953.500 In 2023
03.01.2024
Appraisal & Valuation (APP.RO), a company that provides valuation, consulting and real estate development services, ended 2023 with net profit of... more
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Foraj Sonde Videle Reports RON18.8M Net Profit For 2023, Down 11.5% vs 2022
03.01.2024
Oil drilling company Foraj Sonde Videle (FOJE.RO) ended 2023 with net profit of RON18.8 million, down 11.5% from 2022, and a turnover of RON140.3... more
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Romania Forex Reserves Grow To EUR63.12B In February 2024
03.01.2024
Romania's foreign exchange reserves stood at EUR63.12 billion at end-February 2024, compared to EUR61.41 billion on January 31, 2024, central bank... more
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Banca Comerciala Romana Announces Launch Of BCR Romania PMI Index
03.01.2024
Banca Comerciala Romana (BCR), in collaboration with the National Council of Small and Medium-Sized Private Enterprises in Romania (CNIPMMR),... more
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Impact Developer & Contractor's Consolidated Net Profit Plummets 58.8% YoY To RON34.9M In 2023
03.01.2024
Real estate developer Impact Developer & Contractor (IMP.RO) reported a consolidated net profit of RON34.9 million for 2023,down 58.8% from 2022,... more
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Transelectrica Completes 400 kV Overhead Power Line Project In RON150M Investment
03.01.2024
Transelectrica has announced the successful completion of the construction project of a 400 kV Overhead Power Line Portile de Fier – (Anina) –... more
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Delgaz Grid Invested RON35M In 200,000 Natural Gas Meters In 2023
03.01.2024
Natural gas and electricity distribution company Delgaz Grid invested over RON35 million in the purchase and installation of more than 200,000... more
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Retele Electrice Dobrogea Invests RON67M To Upgrade Navodari Station, Electrical Installations
03.01.2024
Retele Electrice Dobrogea, a company part of PPC group, previously named E-Distributie Dobrogea, is modernizing Navodari primary station and the... more
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Dafora Medias 2023 Revenues Rise 70% To RON20M, Losses Narrow 60% To RON951,317
03.01.2024
Drilling company Dafora Medias, included on the special list of companies under observation by the Bucharest Stock Exchange, reported RON20... more
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Braiconf in 2023 Generates RON26M Revenues, Flat from 2022, RON229,362 Net Profit, Down 59%
03.01.2024
Textile manufacturer Braiconf for 2023 reported total revenues worth RON26 million, flat from the previous year, and RON229,362 net profit, down 59%. more
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UCM Resita Ends 2023 with RON38M Turnover, RON12M Losses, from over RON400M Profit in 2022
03.01.2024
Romanian engine manufacturer UCM Resita saw its turnover rise by 83% from 2022, to RON38 million. more
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Ropharma Pharmacy Chain Records RON14M Profit, RON611M Revenues in 2023
03.01.2024
Ropharma pharmacies in 2023 posted net profit worth RON13.7 million, up 15.8% from 2022. more
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Autonom Services Sees 2023 Revenues Rise 12%, To RON728M, Net Profit Fall 45%, To RON31.9M
03.01.2024
Mobility network Autonom Services, founded by brothers Marius and Dan Stefan, in 2023 registered RON728 million operating revenues, up 12%, and... more
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Chimcomplex Borzesti Reports RON1.36B Revenues, Down 43%, RON75M Net Profit in 2023, from RON266M in 2022
03.01.2024
Chemical compound Chimcomplex Borzesti in 2023 generated overall revenues worth RON1.36 billion, down 43% from 2022, and RON75 million net profit,... 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.