Cegedim: Romania Medicine Market Grows 15.5% in Q1/2024 To RON8.15B
05.08.2024
Medicine sales went up by 15.5% in the first quarter of 2024 from the year-earlier period, to RON8.15 billion, as retail sales rose by 14.4% and hospital consumption increased by 22.5%, in line with a report by consulting company Cegedim.
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Enterprise Investors Wants to Invest in IT and Financial Firms in Romania
05.08.2024
Enterprise Investors, the oldest private equity firm in the region, plans to invest on the Romanian market on the IT segment, targeting both IT... more
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Beyçelik Gestamp Invests EUR45M In Dirmanesti To Supply Parts To Ford Otosan Craiova
05.08.2024
Türkiye’s Beyçelik Gestamp Group completed a EUR45 million investment in Dirmanesti, near Pitesti in April, to expand production capacity and... more
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Romania Pillar III Pension Funds Overshoot RON5B Net Asset Mark In March 2024
05.08.2024
Voluntary private pension funds in Romania (Pillar III) exceeded the threshold of EUR5 billion in net assets managed in March 2024, up 3.1%... more
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UniCredit Group Ends Q1/2024 With Net Profit Of EUR2.6B, Up 24% YoY
05.08.2024
UniCredit Group, which holds the seventh largest bank in Romania by assets, ended the first quarter of 2024 with net profit of EUR2.6 billion, up... more
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Competition Council Approves Takeover Of First Bank Romania By Intesa Sanpaolo Bank
05.07.2024
Romania's Competition Council approved the transaction through which Intesa Sanpaolo Bank intends to take over First Bank Romania, which is held by... more
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Romania Industrial Production Prices Drop 8% YoY In March 2023
05.07.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 8% in March 2024 compared to March... more
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Premier Energy To Conduct Listing Offering Between May 8-15
05.07.2024
From May 8 until May 15 investors on the Bucharest Stock Exchange can subscribe for shares in the listing offering of Premier Energy (PE.RO), the... more
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AAylex ONE Cuts Losses Down To Half In 2023
05.07.2024
AAylex ONE of Buzau, the company behind the Cocorico poultry brand, posted RON43 million net loss in 2023, 60% lower than in 2022, Finance Ministry... more
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Finance Ministry Raises Nearly RON1.87B From Banks Via Two Bond Issues On May 7
05.07.2024
Romania's Finance Ministry raised RON1.87 billion from banks on Tuesday (May 7), selling government paper in two auctions, at annual average yields... more
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MetaWealth And One United Properties Conclude EUR20M Framework Agreement
05.07.2024
Fintech startup MetaWealth and One United Properties have signed a EUR20 million framework agreement for rental apartments, through which the users... more
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Statistics Board: New Passenger Vehicle Registrations Up 4.5% YoY In Q1/2024
05.07.2024
New registrations of road vehicles for passenger transport increased by 4.5% in the first quarter of 2024 compared to the first quarter of 2023,... more
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Digi Communications Wants to Reward Shareholders with RON120M
05.07.2024
Telecom operator Digi Communications will propose to its shareholders the distribution of RON120 million worth of dividends for fiscal year 2023,... more
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Delgaz Grid Set To Invest RON365M In Natural Gas Networks In 2024
05.07.2024
Natural gas and electricity distribution company Delgaz Grid, a member company of the E.ON Romania group, has announced total investments of RON365... more
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New Car Registrations In Romania Up 34.5% YoY In April 2024, To 13,276 Units
05.07.2024
New car registrations in Romania increased by 34.5% in April 2024 against the same month of 2023, up to 13,276 units, in line with data provided by... more
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Nuclearelectrica Announces Resynchronization Of Cernavoda Unit 2 To National Energy System
05.07.2024
Nuclearelectrica (SNN.RO), Romania’s sole nuclear power producer, has announced in a stock market report on May 7 that Unit 2 of the Cernavoda... more
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Romania Unemployment Rate Falls To 5.3% Month-On-Month In March 2024
05.07.2024
Romania’s unemployment rate dropped to 5.3% in March 2024, lower by 0.3 percentage points compared to 5.6% in February 2024, data from the... more
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Infinity Capital Investments Wants to Sell Majority Stake in Constructii Feroviare Craiova for RON2M
05.07.2024
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, wants to sell the 77% stake it... more
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Golden Foods Snacks Generates 7% of Turnover from Europe and Australia
05.07.2024
Golden Foods Snacks, which owns the ELMAS brand of seeds, peanuts and dehydrated fruits, raked in 7% of 2023 sales from abroad. more
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Founders of Cake Maker Natural Set to Build Hampton by Hilton Hotel in Slatina
05.07.2024
Popescu family, which controls cake marker Natural, will start, in 2024 or 2025, the construction of a Hampton by Hilton hotel, with around 75... more
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Bookstore Chain Carturesti Ends Q1/2024 with 8% Higher Turnover
05.07.2024
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, ended the first three months of 2024 with 8% higher turnover as the... 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.