CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
04.26.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.
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Premier Energy Group Set to Launch IPO, Followed by BVB Listing
04.18.2024
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at... more
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Poultry Investment Budgets EUR80M Turnover for 2024
04.18.2024
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 6.7%, In March 2024
04.18.2024
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical... more
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Elysian Software's 2023 Net Profit Doubles YoY To RON1.4M
04.18.2024
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover... more
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Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the... more
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GLS Romania Posts 5.5% Growth In Revenue To RON365M In 2023
04.17.2024
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million)... more
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Intertranscom Impex's 2023 Turnover Plunges 32.5% YoY To RON1.24B
04.17.2024
Welded mesh manufacturer Intertranscom Impex ended 2023 with a turnover of RON1.24 billion (EUR251 million), down 32.5% compared to a turnover of... more
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Romania Industrial Sales Up 11.7% On The Month In February 2024
04.17.2024
Romania’s industrial sales (on the domestic and external markets) increased by 11.7% in nominal terms in February 2024 compared to January 2024... more
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Maspex Sees Net Profit Up 34% To RON153M In 2023
04.17.2024
Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up... more
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Romania Manufacturing Industry Orders Up 6.5% On The Month In February 2024
04.17.2024
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 6.5%, in nominal terms, in... more
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Air Claim Almost Doubles Profit To RON3M In 2023
04.17.2024
Air Claim (CLAIM.RO), a company that helps people get compensations for delayed or canceled flights, posted RON3.15 million net profit in 2023, an... more
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Romania, First Market To Benefit From Revolut's Credit Facility Refinancing Product
04.17.2024
Revolut is launching a product for the refinancing of loans taken out from other banks and Romania is the first market to benefit from this type of... more
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UniCredit Bank Launches Onemarkets Fund For Romanian Market
04.17.2024
UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund. more
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Citi Appoints Gabriel Apostol As Head Of Global Network Banking For Romania
04.17.2024
Citi has announced the appointment of Gabriel Apostol as Head of Global Network Banking for Romania. more
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ACAROM: Romania’s Car Production Grows 7.1% YOY In Q1/2024 To 152,912 Units
04.17.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a total 152,912 vehicles in the first three months of 2024, 7.1% more than... more
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18 Gym Fitness & Beauty Set to Open New Unit in Agora Arad; Eyes 10 Openings in 2024
04.17.2024
Fitness center network 18 Gym Fitness & Beauty will open a new unit in shopping center Agora Arad, the first in the city and the 37th nationwide. more
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Verde Magnesium Wants to Invest $1B in Magnesium Mining and Metallic Magnesium Plant in Romania
04.17.2024
Europe will resume magnesium mining for the first time in more than a decade, while the UE is trying to curb its dependence on imports of Chinese... more
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Signal Iduna's Gross Written Premiums Up 34% YoY To Over RON274M In 2023
04.17.2024
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, ended 2023 with gross written premiums of over RON274... more
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Romania's Central Bank: Annual Inflation Rate To Decline Further In Coming Months, But At A Slower Pace Than In 2023
04.17.2024
The annual inflation rate will decline further in the coming months, but at a slower pace compared to 2023 and on a slightly higher path than that... more
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Foreign Investors Council: Investors’ Perception Of Romania Moderately Optimistic
04.16.2024
Over 70% of investor respondents in the latest March 2024 survey conducted by the Foreign Investors Council (FIC) – Business Sentiment Index... 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.