Statistics Board: Romania's Economy Inches Up 0.1% YoY In Q1/2024
yesterday, 14:27
Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's statistics board INS showed on Wednesday (May 15).
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Tub Integral 2023 Profit Up 21.5% YoY To RON7.8M
05.14.2024
Tub Integral, a distributor of electrical materials and lighting fixtures, held by the Tarmure family from Bistrita, reported a turnover of RON75.7... more
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Digi Borrows EUR117M From Citibank Europe For Development In Romania And Spain
05.14.2024
Telecommunications operator Digi (DIGI.RO) on Tuesday evening notified the Bucharest Stock Exchange about its subsidiary RCS&RDS having taken out a... more
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Romania's Current Account Deficit Edges Down YoY To EUR3.94B In January-March 2024
05.14.2024
Romania's current account deficit stood at EUR3.94 billion in January-March 2024, slightly lower than the EUR3.96 billion level reported in the... more
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Comelf Bistrita Reports Total Operating Revenue Of RON41.8M For Q1/2024, Down 14% YoY
05.14.2024
Industrial material manufacturer Comelf Bistrita (CMF.RO) reported total operating revenue of RON41.8 million in January-March 2024, down 14.35% on... more
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Romania's Annual Inflation Drops To 5.9% In April 2024
05.14.2024
Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's... more
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Primark Wants to Open Fourth Store in Romania in Vivo! Shopping Center of Cluj-Napoca
05.14.2024
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of... more
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Frames: Romania Has Opportunity to Become True Logistic Hub
05.14.2024
Romania stands all chances to become a genuine regional hub in the field of logistics, production and cross-border services, reveals an analysis of... more
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Dutch Group Photon Energy Gets EUR15M from EBRD to Build Six Photovoltaic Parks in Romania
05.14.2024
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD)... more
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Transelectrica Q1/2024 Net Profit Up 29% To RON103M
05.14.2024
Romania’s national power transmission company Transelectrica generated RON103 million net profit in the first quarter of 2024, up 29% from the... more
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Nuclearelectrica Ends Q1/2024 with RON1.2B Revenues, Down 43%, RON563M Net Profit, Down 26% from Q1/2023
05.14.2024
State-run nuclear power producer Nuclearelectrica ended the first quarter of 2024 with RON1.2 billion revenues, down 43.1% from Q1/2023, while net... more
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Romanian Fashion Retailer Mizar Wants to Double Store Number to 40
05.14.2024
Romanian business Mizar, a business started in Bacau and active in fashion production and retail, plans to double the number of stores in the next... more
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Lidl Ranks 6th Among Local Importers, With EUR1.5-2B Imports
05.14.2024
German-held discount retailer Lidl, the leader of the Romanian food retail sector by turnover, was the sixth largest importer on the local market... more
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Corteva Agriscience Exports Seeds From Its Afumati Facility Near Bucharest To As Far As South Korea
05.13.2024
Following a nearly $15 million investment to meet high domestic and international demand for corn and sunflower seeds from farmers, US-held Corteva... more
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Competition Council OKs Takeover Of Parmafood Group Distribution And Parmafood Trading By Aquila Part Prod Com
05.13.2024
Romania's Competition Council has approved the transaction whereby Aquila Part Prod Com, an entrepreneurial company providing distribution and... more
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Jidvei Ends 2023 With Nearly RON215M Turnover, Up 15% YoY
05.13.2024
Jidvei, one of the largest players in the Romanian wine production and sale, ended 2023 with a turnover of almost RON215 million, up 15% on the... more
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Grand Hotel Italia In Cluj Expects Growth In Revenue To RON40M In 2024
05.13.2024
Five-star Grand Hotel Italia in Cluj, part of the Italian Select Hotels Group chain, is aiming for RON40 million revenue in 2024, up from RON35... more
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Campeanu Richard Dan-Sebastian Appointed Interim GM Of Impact Developer & Contractor
05.13.2024
Real estate developer Impact Developer & Contractor (IMP.RO) , held by businessman Gheorghe Iaciu, announced in a stock market report on May 13... more
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Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
05.13.2024
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the... more
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Electromagnetica Switches To RON3.1M Net Loss In Q1/2024 vs RON3.9M Net Profit In Q1/2023
05.13.2024
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) ended the first quarter of 2024 with net loss of RON3.1 million, compared... more
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Rompetrol Rafinare Completes Turnaround Of Petromidia Refinery
05.13.2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has initiated the processes of restarting the production... 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.