Romania's Annual Inflation Drops To 5.9% In April 2024
today, 13:22
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 statistics board INS showed on Tuesday (May 14).
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Corteva Agriscience Exports Seeds From Its Afumati Facility Near Bucharest To As Far As South Korea
yesterday, 23:51
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
yesterday, 23:24
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
yesterday, 23:18
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
yesterday, 22:33
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
yesterday, 20:32
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
yesterday, 15:43
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
yesterday, 14:57
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
yesterday, 14:28
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has initiated the processes of restarting the production... more
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Oil Terminal Sees Net Profit Rise 22% in Q1/2024. Revenues Climb 29% To RON113M
yesterday, 11:37
Romanian state-owned port operator Oil Terminal in the first three months of 2024 posted net profit of RON28.4 million, up 21.6% from Q1/2023. more
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Garanti BBVA Romania 2023 Net Profit Down 7%, To RON177M
yesterday, 11:26
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating... more
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CreditAmanet Invests over EUR2.5M in Rebranding, Becomes MAGNOR
yesterday, 11:16
CreditAmanet, a Romanian-held provider of pawnbroking and money exchange services, has invested over EUR2.5 million in a rebranding process and is... more
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APS and EBRD Buy EUR400M Worth of NPLs in Romania from Piraeus Bank
yesterday, 11:08
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly... more
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One United Properties Ends Q1/2024 with RON419M Turnover, Down 5%, RON157.3M Net Profit, Up 4% from Q1/2023
yesterday, 10:12
Real estate developer One United Properties ended the first quarter of 2024 with RON419 million consolidated turnover, down 5% from Q1/2023, while... more
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Safetech Innovations Reports RON11.7M Turnover in Q1/2024, Up 95%, RON2.7M Net Profit, Double Q1/2023 Level
yesterday, 10:02
Cybersecurity company Safetech Innovation reported turnover worth RON11.7 million at individual level for the first quarter of 2024, up 95% from... more
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Mandatory Private Pension Funds In Romania Register 7.8% Average Yield Per Annum in Past 16 Years
yesterday, 09:26
Mandatory private pension funds (Pillar II) have in the past 16 years, since their launch in 2008, registered an average yield of 7.8% per annum,... more
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Centric IT Solutions Hits RON120M Turnover in 2023, Up 22% YOY
yesterday, 09:15
Centric IT Solutions SRL, the local subsidiary of Dutch software solutions provider Centric IT Solutions, in 2023 registered net turnover worth... more
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Draghici Dental Group Invests Further EUR1.8M in Miroslava Dental Technique Lab
yesterday, 09:10
Draghici Dental group will invest another EUR1.8 million in 2024 in equipment for the new dental technique lab of Miroslava, Iasi county, which... more
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Amber Studio Forgoes EUR2.8M State Aid To Create 120 Jobs In Botosani And Craiova
05.11.2024
Amber Studio, a local video game developer with $45 million revenue in 2022, has decided to waive EUR2.7 million in state aid that came with an... more
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Banca Transilvania Ends Q1 With 35% Rise In Net Profit To RON913M
05.11.2024
Banca Transilvania (TLV.RO), Romania's largest lender, posted an individual net profit of RON913 million in the first quarter of 2024, up 35%... more
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IT Group Bittnet Ends Q1/2024 With Net Loss Of RON9.7M vs Loss Of RON2.7M In Q1/2023
05.10.2024
Bittnet Systems (BNET.RO), an IT Group listed on the Bucharest Stock Exchange, ended the first quarter of 2024 with net loss of RON9.7 million, on... 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.