Romania Insurance Market Reaches over RON36B Assets in 2024

yesterday, 09:37
Insurers’ total assets crossed the RON36 billion threshold at the end of 2024, coming to weigh 2.1% in GDP, reveals the latest report on non-banking financial markets stability published by the financial watchdog ASF.
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Oves Enterprise Set to Invest EUR3M in 2025
01.28.2025
Oves Enterprise, a software producer of Cluj-Napoca, has earmarked EUR3 million for investments in 2025, to improve the Nemesis AI platform and... more
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Biggest Mutual Funds in Romania at End-2024
01.28.2025
BRD Asset Management managed a significant leap in the ranking of Romania’s largest investment managers by assets and reached the top position at... more
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Decathlon Plans To Resume Expansion In Romania In 2025
01.27.2025
Sporting goods retailer Decathlon, which arrived in Romania in 2009, will resume expansion in the country and open new stores in 2025 and 2026,... more
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Iulius Bets Expansion Of Palas Iasi And Constant Project
01.27.2025
Developer Iulius is betting on the expansion of the Palas Iasi and on the start of its project in Constanta. more
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Kastamonu Romania Eyes Slight Turnover Rise In 2025 vs 2024, In Optimistic Scenario
01.27.2025
Kastamonu Romania (the former Prolemn), controlled by Türkiye’s Kastamonu Entegre, anticipates a slight increase in its 2025 turnover, in an... more
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Nedim Baytorun To Take Over As CEO Of Vodafone Romania As Of April 1, 2025
01.27.2025
Nedim Baytorun, currently Consumer Business Unit Director and Executive Board member, will take over as CEO of Vodafone Romania and Achilleas... more
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CMS Report: M&A Market In Emerging Europe Up 8% By Volume, Down 31% By Value In 2024 Due To Absence Of "Megadeals"
01.27.2025
A total 1,281 transactions were sealed in Emerging Europe, in 2024, a year marked by many economic, social and geopolitical problems, 8% more than... more
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Competition Council Sets Off Inquiry Into Dental Services Market
01.27.2025
Romania's Competition Council has launched an investigation into the possible violation of competition law by the Romanian College of Dentists. more
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Finance Ministry Raises RON400M From Banks On Jan. 27
01.27.2025
Romania's Finance Ministry raised RON400 million from banks on Monday (Jan.27), selling government paper due in 2035 at annual average yields of... more
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PeliPartners Assists Argo Capital Property In Sale Of Shopping City Suceava To M Core
01.27.2025
Law firm PeliPartners has assisted Argo Capital Property group in the sale transaction of shopping mall Shopping City Suceava to UK-based group M... more
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Romania Private Lending Up 8.9% YoY To RON421B In December 2024
01.27.2025
Private lending in Romania went up 8.9% to RON421.4 billion in December 2024 compared with December 2023 after the local currency lending rose by... more
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S&P Revises Romania's Outlook To 'Negative' From 'Stable'
01.27.2025
International rating agency Standard & Poor’s (S&P) has revised Romania's outlook to 'negative' from 'stable' while affirming the country's long-... more
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Norofert Lists New Bond Issue Worth RON7M On Bucharest Stock Exchange
01.27.2025
Norofert, the main producer of organic inputs for agriculture and supplier of biotechnology for the Romanian agriculture, has listed a new bond... more
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EY Report Shows Critical Need For Integrated Risk Management To Navigate And Address Top 10 Public Sector Risks Of 2025
01.27.2025
In an era defined by unprecedented disruption and evolving public expectations, the foremost challenge for government and public sector leaders is... more
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Online Retailer evoMAG Logs EUR50M Sales in 2024, Up 20% YOY
01.27.2025
Online retailer evoMAG registered EUR50 million sales in 2024 and plans investments of EUR500,000 for the current year. more
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PwC Survey 2025: Romania Executives are Cautiously Optimistic About Economy Evolution in 2025
01.27.2025
Romania corporate leaders are cautiously upbeat about the evolution of the national economy in 2025, with half of them believing the local economy... more
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Romania Pillar III Pension Funds Attracted almost 133,000 Romanians in 2024, Up 40% YOY
01.27.2025
Around 133,000 Romanians started in 2024 saving for retirement via voluntary private pensions (Pillar III), 40% more than in 2023 and an all-time... more
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DB Schenker Contracts 5,000-Sqm Logistic Area from Olympian Park for Pharma Warehouse
01.27.2025
DB Schenker, a global supplier of transport and logistics services, has signed an agreement with Olympian Parks to contract 5,000 square meters in... more
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Romania, Europe’s Third Largest Vacuum Cleaner Exporter Thanks To Kärcher Investments
01.27.2025
Romania has become Europe’s third largest vacuum cleaner exporter after Germany and Austria and one of the top ten exporters in the world, as a... more
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Topanel Ends 2024 with EUR60M Turnover, Expects 10-15% Growth in 2025
01.27.2025
Thermal-insulating panel producer Topanel ended 2024 with EUR60 million turnover and for 2025 budgets a 10-15% increase on production capacity... more

Romania’s economic growth is forecast to pick up gradually to 3.1% in 2025 and 3.6% in 2026, while its public finances will continue
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Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data
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Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania
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Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the
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Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers
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Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of
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Romanian investors last year spent EUR577 million on acquisitions in the region, three times more than in 2023, in line with data from
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Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania 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.