Romania Insurance Market Reaches over RON36B Assets in 2024

today, 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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Foraj Sonde Videle Expands To France After Winning Contract
04.15.2025
Foraj Sonde Videle (FOJE.RO), one of the main drilling companies in Romania, has announced the start of its operations in France, as a result of... more
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European Commission Approves EUR16M Increase In State Aid For Rehabilitation Of Bucharest Heating System
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The European Commission has approved a EUR16 million increase in state aid for the project targeting the “Rehabilitation of Bucharest’s... more
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Statistical Office: Romania's Energy Output Down 7.7% YoY In January-February 2025
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Romania's energy output fell by an annual 7.7% in January-February 2025, down to 2.743 million tons of oil equivalent (TOE) due to a decline in... more
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Alesonor Sets Off Construction Of Verita International School Campus In Amber Forest
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Alesonor has started the construction of the Verita International School & Kindergarten campus within Amber Forest complete suburb, the company has... more
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Law Firm NNDKP Assisted MedLife In Boosting Syndicated Loan By EUR50M To EUR330M
04.15.2025
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted MedLife, the largest private healthcare network in Romania, in increasing its syndicated... more
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Delgaz Grid, Part Of E.ON Group In Romania, Invested EUR13M In Gas Network Upgrades In Cluj County In 2024
04.15.2025
Delgaz Grid, the distribution company of the E.ON Romania group, completed 15 investment projects in Cluj County in 2024, with their total value... more
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Tiriac Group Resumes Investments Of Over EUR100M In Residential Project In City Of Brasov
04.15.2025
Tiriac Group has resumed procedures for the authorization of an ample real estate project, an investment worth over EUR100 million, which targets... more
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Statistical Office: Romania's Industrial Production Down 5.2% YoY In February 2025
04.15.2025
Romania's industrial production decreased by 5.2% in February 2025, in unadjusted data, compared to February 2024, and by 3.2% when adjusted for... more
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Colliers Takes Over Property Management Services for Victoria Center Offices
04.15.2025
Real estate consultancy Colliers has been designated to manage Victoria Center office building of downtown Bucharest, a project that was in early... more
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Investment Fund 7X Partners Takes Over 40% in Leventer Medical Group
04.15.2025
Investment fund 7X Partners, controlled by Leonard Leca as main stakeholder, has taken over a 40% stake in dermatology center Leventer Medical... more
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Retele Electrice Romania Launches Maximum RON180M Tender for Client Grid Connection Works
04.15.2025
Retele Electrice Romania, part of PPC group in Romania, has launched on SEAP platform a public tender with a maximum level of almost RON180 million... more
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Entrepreneur Dan Boabes Buys Cristaxi
04.15.2025
Dan Boabes, an entrepreneur and investor in the mobility market, has acquired Cristaxi, a major player on the local taxi services market, as part... more
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Joakim Reiter, Vodafone Executive Committee Member: Romania Can Become EU’s Services Hub
04.15.2025
The quality of engineers and the long tradition in the STEM field represent a “fantastic” potential for Romania, which is likely to become,... more
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Wizz Air Launches New Route From Cluj-Napoca To Castellon, Spain
04.14.2025
Wizz Air, the largest local airline, has launched a new route from Cluj-Napoca’s Avram Iancu International Airport to Castellon, Spain, on... more
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Kuhn Romania Revenue Shrinks To EUR81M In 2024
04.14.2025
Kuhn Romania, one of the main suppliers of earthmoving equipment for construction in Romania, ended 2024 with EUR81 million revenue, down from the... more
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Mecanica Ceahlau Losses Widen To RON6.4M In 2024
04.14.2025
Mecanica Ceahlau (MECF.RO), a manufacturer of farm equipment based in Piatra Neamt, ended 2024 with RON6.4 million net loss, up from the RON3.9... more
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Romcarbon Gets Financing For RON72M Project Via National Recovery and Resilience Plan
04.14.2025
Plastic packaging producer Romcarbon (stock symbol: ROCE) received the approval of the Environment Fund Administration (EFA) regarding the... more
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Remus Vulpescu Takes Over As New CEO Of Bucharest Stock Exchange
04.14.2025
The Board of Directors of the Bucharest Stock Exchange (stock symbol: BVB), which operates the local capital market, appointed Dumitru-Remus... more
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SmartBill Announces Appointment Of Alex Leca As Chief Executive Officer
04.14.2025
SmartBill, the leading players in the Romanian billing and management software solutions market, held by Norway's Visma Group, has announced the... more
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Furniture Retailer Staer Reports 9% Higher Turnover, Of Nearly RON87.9M, For 2024
04.14.2025
Staer International, the company that owns furniture stores under the Staer brand, ended 2024 with a turnover of nearly RON87.9 million (EUR17.6... 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.