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 bank's fourth consecutive rate freeze in 2024 and the seventh consecutive freeze in 2023.
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SIF Muntenia Set to Change Name to Longshield Investment Group
02.05.2024
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with... more
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Wet Wipe Maker Europack Set to Boost Production Capacity by 35-40% in 2024
02.05.2024
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by... more
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Furniture Retailer Mömax Gets EUR56M Capital Injection, Set to Open Two New Stores
02.05.2024
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December. 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.