Romania Forex Reserves Shrink To EUR62.5B In April 2024
yesterday, 20:23
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024).
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Popeyes Set to Open Restaurant Outside Bucharest
04.23.2024
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first... more
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Transilvania Investments Alliance Greenlights Distribution of Dividends with 4.7% Yield
04.23.2024
Alternative investment fund Transilvania Investments Alliance announced that during the general ordinary meeting of shareholders of April 22 the... more
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ING Hubs Romania Aims to Have 2,000-Specialist Team by Yearend to Reach EUR170M Turnover
04.23.2024
ING Hubs Romania, the local software development hub of Dutch financial-banking group ING, aims to reach the mark of 2,000 specialists in its team... more
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Kärcher Doubles Turnover in Romania in Two Years
04.23.2024
CER Cleaning Equipment, which operates Kärcher production in Romania, entered the club of RON billionaires after doubling its turnover in the past... more
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Bakery Company La Lorraine Seeks to Hire 35 People at Campia Turzii Unit
04.23.2024
La Lorraine, a major player on the bakery market, owned by the Belgian group of the same name, currently has 35 jobs available at the unit of... more
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Sphera Franchise Group Set to Tone Down Expansion, Focus on Drive-Thru Unit Openings
04.23.2024
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open new units, but expansion will not... more
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Real Estate Investments Up 33% To EUR205M In Q1, 2024
04.22.2024
Real estate investments reached EUR205.75 million in the first quarter of the year, 33% more than in the corresponding period of 2023. The most... more
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Eurowind Energy Signs EUR65M Loan Facility With BCR And Erste Group
04.22.2024
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga,... more
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Eurostat: Romania Recorded One Of Highest Government Debt To GDP Ratios In EU In 2023
04.22.2024
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy,... more
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Sameday Seeks To Acquire Rival Sprinter In Hungary
04.22.2024
Sameday, one of the largest parcel delivery companies in Romania, announces intent to buy Sprinter, a rival with an over 25-year presence on the... more
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Julius Meinl Living Buys Ambasador Hotel In Bucharest
04.22.2024
Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest. more
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One United Properties Okays RON6.2M Capital Increase to Support Stock Option Program
04.22.2024
Real estate developer on Friday approved a capital share increase by RON6.2 million to support the implementation of the stock option plan by... more
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Romania Had 997 Kilometers of Highway at End-2023
04.22.2024
Romania at the end of last year had 997 km of highway, 48 more than in 2022, which account for 5.6% of the national road network, National... more
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Romarg 2023 Turnover Climbs 25% in 2023, Net Profit Rises almost 2.5 Times
04.22.2024
Romanian company Romarg, specializing in web hosting and domain registration services, in 2023 registered turnover worth above RON20.6 million... more
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J’Info Tours Expects 24% Turnover Growth in 2024
04.22.2024
Carmen Pavel, head of travel agency J’Info Tours, one of the largest on the market, says she expects a 24% turnover increase this year, to EUR7.8... more
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Lifting Equipment Maker Elmas Brasov Sees 2023 Turnover Rise 7% in 2023 YOY
04.22.2024
Elmas Brasov, a Romanian producer of lifting equipment, ended 2023 with RON202 million turnover, 7% higher than in 2022, in line with ZF... more
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Freight Carrier Sorcani Ends 2023 with 14% Higher Turnover, Targets Two-Digit Growth in 2024
04.22.2024
Freight carrier Sorcani, controlled by entrepreneur Mircea Barbu and one of the most dynamic freight carriers locally, ended 2023 with RON88.4... more
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Aerostar Approves Distribution Of RON32M Of Its 2023 Profit As Dividends
04.19.2024
Shareholders of Aerostar Bacau (stock symbol ARS), a supplier of aerostructures, components, assemblies for hydraulic systems for global... more
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Reff & Asociatii | Deloitte Romania team assists Expo Market Doraly owners in sale to Belgium’s WDP
04.19.2024
A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the... more
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ROCA Agri RDF Appoints Bodan Vlad CEO
04.19.2024
ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term... 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.