Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
yesterday, 11:20
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
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tbi bank, With Operations In Romania Too, Opens Its Own Technology Hub In Türkiye
10.08.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own... more
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Rompetrol Rafinare Invests In Increasing Efficiency Of Strategic Equipment
10.08.2024
Rompetrol Rafinare, a member company of the KMG International group, has announced in a press statement on Oct 8 that it continues to invest in... more
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Competition Council Approves OMV Petrom S.A. Service Outsourcing
10.08.2024
Romania's Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership... more
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JTI Romania Sets Up IT Center in Romania
10.08.2024
Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech... more
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Top Ten Firms Listed CCIR’s National Ranking of Companies Reach EUR270B Combined Turnover in 2023. Operating Profit Tops EUR25B
10.08.2024
The overall turnover of companies holding the top ten spots in the National Ranking of Companies compiled by the Chamber of Commerce and Industry... more
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Real Estate Developer RRG Real Estate Starts First Phase of Lakeside11 Housing Project in EUR60M Investment
10.08.2024
Real estate developer RRG Real Estate Group is starting the first phase of housing project Lakeside11 of Bucharest’s Straulesti area and expects... more
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Lunet Studio Ends H1/2024 with 72% Higher Turnover
10.08.2024
Lunet Studio, a Romanian medical optics company founded by brothers Alexandru and Stefan Gugurel, in the first six months of 2024 registered 72%... more
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OMV Petrom Expands Natural Gas Supply Activities to Bulgaria
10.08.2024
OMV Petrom, the second largest natural gas producer in Romania and the largest integrated energy producer in southeastern Europe, has expanded its... more
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Piatra Design Reaches RON26M Turnover, Seven Showrooms in 2023
10.08.2024
Showroom network Piatra Design has reached seven centers and also invested in e-commerce in 2023. more
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OnePlus: Smartphone Sales in Romania Flat by Volume in Jan-Sept 2024, Up by Value
10.08.2024
In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the... more
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Romconstruct 2023 Turnover Up 4.4% To EUR36M YOY
10.08.2024
Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth... more
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Nexxon Turnover Up 10% YoY To Nearly RON88M In H1/2024
10.07.2024
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and... more
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Purcari Aims To Double Key Operating Metrics By Company’s Bicentenary In 2027
10.07.2024
Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new... more
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Kontron Services Romania Reports RON62M Net Loss For 2023, 13-Fold Higher YoY
10.07.2024
Kontron Services Romania, the local subsidiary of Austria's Kontron Group, with a major foothold on the market of integrated IT&C solutions supply... more
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EVOLOR Inaugurates New Factory On Oltchim Ramnicu Valcea Industrial Platform
10.07.2024
EVOLOR, one of the largest players in the Romanian varnish and paint production industry, is inaugurating a new high-performance factory on the... more
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Sphera Group Shareholders Approve RON1.05 Gross Dividend Per Share As Of Nov 7
10.07.2024
Shareholders of Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, approved... more
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Finance Ministry Raises RON500M From Banks On Oct 7, 2024
10.07.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an... more
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Selion Global Enters Romania In Partnership With Two Romanian Professionals In Executive Search And Leadership Advisory
10.07.2024
Selion Global, a global leadership consulting firm specializing in executive search, Board services, leadership advisory and consulting, is... more
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Competition Council Greenlights Acquisition Of MG TEC By Sarmis And Lightspan
10.07.2024
Romania's Competition Council has approved the transaction through which Sarmis Holding 4 SarL and Lightspan Management LTD intend to acquire MG... more
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Statistics Board: Average Income Per Household In Romania At RON8,210 In Q2/2024, Up 18.8% YOY
10.07.2024
The total monthly average income in Romania stood at RON8,210 per household, in nominal terms, in Q2/2024, representing RON3,274 per person, 2%... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.