Romgaz Hires Biggest US Bank JPMorgan To Lead Bank Consortium Set to Handle Bond Sale on External Market
today, 10:48
Romania’s state-owned natural gas producer Romgaz has selected JPMorgan, America’s largest bank, to lead the bank consortium that will intermediate bond issues abroad, financial market sources told ZF.
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BRD Sees Net Profit Down 5% To RON326M, New Loans Up In Q1
05.02.2024
BRD (BRD.RO), the fourth largest bank by assets in Romania, ended the first quarter of 2024 with a slightly lower (5%) net profit, RON326 million,... more
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Leoni Closes Ludus Plant In Romania
05.02.2024
Leoni Group, which produces wiring harnesses for the automotive industry and employs 12,000 people in several factories in Romania, has announced... more
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Coca-Cola HBC Romania Sales Shrink By Over 10% In Q1
05.02.2024
Coca-Cola HBC Romania, the leader in the soft drinks market, recorded a decline in volumes of more than 10% (low-double digits) in the first... more
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Romania Forex Reserves Shrink To EUR62.5B In April 2024
05.02.2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on... more
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BCR Romania Manufacturing PMI Over 50 Points For First Time
05.02.2024
The BCR Romania Manufacturing PMI index, which assesses the state of the manufacturing industry in accordance with Standard &Poor’s standards,... more
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BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY
05.02.2024
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90%... more
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CEC Bank Group Generates RON540M Net Profit in 2023, Up 27%
05.02.2024
CEC Bank group in 2023 registered net profit worth RON540 million, 27% higher than in 2022, in the context where the bank reported RON515 million... more
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Budapest-Based Indotek Group Invests EUR16M To Renovate Plaza M of Targu Mures
05.02.2024
Indotek Group, a Budapest-based European real estate investment group, has invested EUR16 million to refurbish and rebrand Plaza M shopping center... more
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Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023
05.02.2024
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from... more
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Star Storage Ends 2023 with over RON4M Losses, RON33M Turnover
05.02.2024
Star Storage, one of the best-known local IT companies, which entered insolvency this January with total debts of RON52 million, in 2023 registered... more
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Christian Tour In Talks to Acquire Some Market Players
05.02.2024
Cristian Pandel, CEO of tour operator Christian Tour, a major player on Romania’s tourism market, plans to acquire some market players to expand... more
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Fox Com Serv Sees 2023 Turnover Rise 33% To RON477M
05.02.2024
Fox Com Serv, the largest company part of Fox group, operating in the field of meat processing, in 2023 generated RON477 million turnover, up 33%... more
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F64 Ends 2023 With Over RON150M Turnover, Up 10% YoY
05.01.2024
The company F64 Studio, which operates Romania’s biggest photo-video equipment retailer, ended 2023 with a turnover of RON150.7 million, up... more
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Chimcomplex Expects RON80.5M Net Profit And RON1.7 Operating Revenue In 2024
04.30.2024
Chemicals producer and supplier Chimcomplex Borzesti (CRC.RO) has budgeted RON80.5 million net profit for 2024, up 7.3% compared with last year,... more
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Sarantis Overshoots RON500M Turnover Mark In Romania In 2023
04.30.2024
Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, reached a turnover of RON531 million in... more
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Imobiliare.ro: Supply Shrank 7%, Demand Rose 3% In Romania In Q1
04.30.2024
Supply on the real estate market in Romania continued to shrink in the first quarter of 2024, increasing only in Brasov of all regional centers,... more
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Piletilevi Group, With Majority Stake In Bilete.ro, Continues Regional Expansion By Acquiring Two Polish Ticket Sales Companies
04.30.2024
Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, which bought the majority stake in Bilete.ro in summer... more
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Transport Trade Services Shareholders Approve Distribution Of RON68.4M As Dividends
04.30.2024
The shareholders of Danube freight carrier Transport Trade Services (TTS.RO) approved in their general meeting of April 30, 2024 the distribution... more
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Cometex To Open New Retail Park On May 1 Following Investment Of Over EUR5M
04.30.2024
Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian... more
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Agroland Business System Eyes 23% Increase In Turnover, 164% Surge In Net Profit In 2024
04.30.2024
Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, has budgeted, at consolidated level, net sales of... 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.