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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ROCA Industry Listed On Regulated Market Of Bucharest Stock Exchange
03.11.2024
ROCA Industry, Romania’s first building materials holding company, owned by ROCA Investments, debuted today, March 11, on the Regulated Market of... more
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Symmetrica Reports over 20% Turnover Growth in 2023
03.11.2024
Suceava-based paving store manufacturer Symmetrica owned by Stanciu family registered an over 20% turnover increase in 2023, to RON260 million,... more
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Safetech Innovations Opens Subsidiary in Kingdom of Saudi Arabia
03.11.2024
Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has... more
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Accenture Romania Wants to Recruit 1,000 People in 2024
03.11.2024
Accenture Romania, the local subsidiary of the Irish-American giant specializing in management consulting services, technological and outsourcing... more
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Poland’s Amrest Rakes in EUR3.2M Gross Profit in Romania in 2023, Up 28% YOY
03.11.2024
Polish group Amrest, which owns 59 Starbucks coffee shops and 10 Burger King restaurants locally, last year generated EUR3.2 million gross profit... more
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Roofing Maker Bilka Posts 7% Higher Turnover in 2023 YOY
03.11.2024
Roofing maker Bilka of Brasov, owned by Horatiu Tepes, ended 2023 with EUR248 million turnover, up 7%. In sold volumes, the increase reached 25%. more
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Impact Developer & Contractor Contracts Via Branch A RON20M Loan From Vista Bank
03.09.2024
Real estate developer Impact Developer & Contractor (IMP.RO) has obtained a loan worth RON19.5 million through the branch RCTI Company, as per a... more
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OTP Bank Romania's 2023 Consolidated Net Profit Jumps Seven-Fold To Record High Of RON262M
03.08.2024
OTP Bank Romania recorded consolidated net profit of RON262 million in 2023, seven times higher than the level reported in 2022,as per the report... more
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Rompetrol Rafinare Starts General Turnaround Of Petromidia Refinery
03.08.2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery,... more
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Hidroelectrica Completes Repair And Maintenance Works On Costisa Hydropower Plant In RON6M Investment
03.08.2024
Romania’s biggest energy producer, Hidroelectrica, has announced the completion of repair and maintenance works on its hydropower plant in... more
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Statistics Board Revises Romania’s 2023 Economic Growth To 2.1% From 2%
03.08.2024
Romania's gross domestic product (GDP) estimated for 2023 amounted to RON1,598 billion current prices, increasing in real terms by 2.1% compared to... more
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European Investment Bank Reports Record Financing For Romanian Economy
03.08.2024
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy,... more
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PwC: Gender Pay Gap In Romania: Men Earn 21.6% More Than Women
03.08.2024
The salary gap between women and men continues to be high in Romania, namely 21.6% in favor of men, reveals the “Equal Pay Gender” analysis,... more
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This Year's First Fidelis Government Bonds Debuted On Bucharest Stock Exchange
03.08.2024
The Ministry of Finance (MF) attracted RON843.9 million and EUR190.5 million (values totaling RON1.8 billion – EUR360.3 million), through the... more
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Hidroelectrica Seals Partnership with Romania Olympic and Sports Committee to Support Romania Team at Paris Olympic Games
03.08.2024
Hidroelectrica, Romania’s biggest energy producer, has become a partner of Romania’s Olympic and Sports Committee (COSR) to support Romania’s... more
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Alpha Bank Ends 2023 with EUR38M Net Profit, Up 15% YOY
03.08.2024
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the... more
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Transilvania Investments Alliance Wants to Distribute Dividends with 4.7% Yield, Start Buyback of 10 Million Stock
03.08.2024
Transilvania Investments Alliance is convening shareholders to approve among others the distribution of a gross dividend of RON0.015/share and a... more
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Group Of Firms Maviprod-IRUM Ends 2023 With Nearly EUR56M Turnover
03.08.2024
Group of firms Maviprod-IRUM, owned by the Oltean family of Reghin, ended 2023 with a turnover of EUR55.9 million and targets a 5% increase in 2024. more
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ONE Group To Tap Into Hotel Market With Mondrian Brand
03.08.2024
The first luxury hotel under the Mondrian brand is due to open until 2026 in downtown Bucharest, near the Romanian Athenaeum, following a... more
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Fortech Investments To Finance Local Medtech Startup Rayscape With EUR500,000
03.08.2024
Investment fund Fortech Investments will finance local medtech startup Rayscape (formerly known as Xvision) with EUR500,000, as per an announcement... 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.