Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
05.16.2024
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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INS: Romania Building Permits Down 12% YoY In January 2024
02.29.2024
Romanian authorities issued 1,829 residential building permits in January 2024, 12% fewer than in January 2023, data from the country’s... more
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NN Paid Nearly RON1B To Insurance And Private Pension Clients In Romania, Up 27% YoY In 2023
02.29.2024
NN paid insurance customers and private pensions participants a total RON983 million in 2023, higher by 27% than in 2022. more
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Finance Ministry Raises RON441M From Banks On February 29, 2024
02.29.2024
Romania's Finance Ministry raised RON441.3 million from banks on Thursday (February 29, 2024), selling benchmark bonds with a scheduled value of... more
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INS: Romanian Managers Expect Relative Stability In Retail Trade, Services And Sharp Price Hikes In Retail In Feb-April 2024
02.29.2024
Romanian executives forecast a period of relative stability in retail trade and services, in parallel with relative stability in the number of... more
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Radu Oniga, The New CEO Of Hornbach Romania
02.29.2024
Radu Oniga will be taking over the position of Chief Financial Officer (CEO) of Hornbach Romania, starting March 1, 2024. more
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MedLife Hits RON2.2B Turnover in 2023, Up 25%, Goes from RON93M Profit To RON5.7M Losses
02.29.2024
Private healthcare provider MedLife reported consolidated pro-forma turnover worth RON2.24 billion turnover in 2023, up 25% from 2022. more
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Electrica 2023 Profit Rises 11% To RON620M YOY
02.29.2024
Electricity supplier and distributor Electrica, recorded a 11% increase in net consolidated profit, to RON620.4 million, from RON558.8 million in... more
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Sphera Franchise Group Posts Record High Sales of almost RON1.5B in 2023, Up 11% YOY
02.29.2024
Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of... more
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Aquila Part Prod Boasts Record High Profit in 2023, Up 14% YOY
02.29.2024
Aquila Part Prod, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic... more
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Fondul Proprietatea Switches To Losses of Around RON900M in 2023, from RON2.8B Profit in 2022
02.29.2024
Fondul Proprietatea ended 2022 with a net loss of RON896.1 million, after a net positive result of RON2.77 billion in the previous financial year. more
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BCR Rakes In RON2.32B Net Profit in 2023, Up 33% YOY
02.29.2024
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON2.32 billion (EUR469 million) in 2023,... more
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Nuclearelectrica Reports RON2.5B Net Profit, Down 10%, RON7.6B Revenues, up 16% YOY in 2023
02.29.2024
Nuclearelectrica, Romania’s sole nuclear power producer, reported net profit worth RON2.48 billion for 2023, down 10.2% from 2022. more
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Winemaker Purcari Ends 2023 with RON370M Turnover, Up 22%, Net Profit Nears RON60M, 45% Higher YOY
02.29.2024
Romanian winemaker Purcari in 2023 registered RON369.4 million revenues, 22% higher than in 2022, while its net profit rose by 45%, to RON59.6... more
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SAP Romania Expands Team by 18% in 2023, Seeks to Hire 40 Specialists
02.29.2024
The local subsidiary of Germany’s business software solutions producer SAP owns offices in Bucharest, Cluj-Napoca and Timisoara. During 2023, it... more
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Sofiaman Wants to Launch Multi Brand Fashion Store Network
02.29.2024
Florin Cucu, founder of Sofiaman, specialized in pajamas production and sale, contemplates investing in a new segment, namely a network of multi... more
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Cesal Set to Invest EUR7M to Restart Sika Plant Acquired in 2023
02.29.2024
Building materials producer Cesal, owned by Polish group Atlas, in 2023 bought a mortar and special construction adhesives plant in Capusu Mare,... more
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iHunt Technology Switches To RON1.2M Loss In 2023 From RON4.5M Net Profit In 2022
02.29.2024
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, has announced net loss of RON1.23 million for 2023,... more
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Turbomecanica Net Profit Plunges 11.9% YoY To RON10.7M In 2023
02.29.2024
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, reported net profit of RON10.74 million... more
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CIA Aboliv Seeks To Hire 30 People At Its Mihai Viteazu Plant
02.29.2024
Meat products manufacturer CIA Aboliv, based in the locality of Mihai Viteazu (Cluj County), currently has 30 jobs available for unskilled workers... more
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Furniture Maker Taparo Seeks to Hire 30 People At Its Plant Near Targu Lapus Town
02.29.2024
Furniture maker Taparo, part of Taparo group of firms founded by entrepreneur Ioan Filip, currently has 30 jobs available at the plant in 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.