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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Accor Expands Romania Portfolio
03.05.2024
French group Accor is expanding its Romania portfolio and has signed a franchise agreement with Paradis Hotels & Resorts, a company owned by... more
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Supermarket La Cocos Retailer Expands to Brasov
03.05.2024
Supermarket La Cocos retailer, controlled by entrepreneur Iulian Nica, has expanded to Brasov, after Ploiesti and Bucharest, where it will open the... more
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Hungary’s Startup Munch Due to Enter Romania in 1-2 Months
03.05.2024
Hungary’s startup Munch, which has developed a mobile app aiding reduce food waste, will enter Romania’s market in 1-2 months, with Bucharest... more
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Premium Aerotec Seeks to Hire 50 People at Ghimbav Plant
03.05.2024
Premium Aerotec, part of Airbus group, currently has 50 jobs available at the Airbus aircraft part plant of Ghimbav, Brasov county. more
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Dragos Petrescu, City Grill Founder, Wins Contract for Commercial Spaces at Otopeni Airport
03.05.2024
City Grill group, founded by Dragos Petrescu, is one of the winners of the tender for Otopeni Airport commercial spaces. more
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BMW Set to Form Joint Venture with NTT Data in Romania
03.05.2024
BMW Group and NTT DATA Romania have signed an agreement to set up a joint venture in Romania. more
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Shipyard Damen Galati To Invest EUR23M To Expand Shipbuilding Assembly Hall
03.05.2024
Shipyard Damen Galati, held by Dutch Damen Group, ended 2023 with a turnover of EUR115.8 million, more than double on the year, returning in fact... more
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Infinity Capital Investments Sells RON51M Worth Of Share Package In Univers Ramnicu Valcea
03.05.2024
On Monday (March 4), a special transaction with 587,519 shares of the company Univers Ramnicu Valcea (UNVR.RO) was registered in the Bucharest... more
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IPEC Ends 2023 With EUR29M Turnover, Eyes 15% Increase In 2024
03.05.2024
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of... more
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Alro Slatina Receives Additional Taxation Notice Of RON13,55M From Tax Authority
03.05.2024
Aluminum producer Alro Slatina (ALR.RO) announced in a stock market report on March 4 that following an audit performed by the country's tax... more
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Romania Industrial Production Prices Drop 6% YoY In January 2023
03.04.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6% in January 2024 compared to January... more
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Romania Unemployment Rate Rises To 5.7% Month-On-Month In January 2024
03.04.2024
Romania’s unemployment rate rose to 5.7% in January 2024, higher by 0.1 percentage points compared to December 2023, data from the country’s... more
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Finance Ministry Raises RON1B From Banks Via Two Bond Issues On March 4
03.04.2024
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields... more
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Sweden's OX2 Gets Building Permit For 99 MW Wind Farm In Romania Due To Become Operational At End-2025
03.04.2024
At the end of 2023, Swedish group OX2 got the construction permit for the most advanced project in its portfolio, with an installed capacity of 99... more
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OMV Petrom To Earmark RON8M For “Health in the Neighborhood” Program In 2024
03.04.2024
OMV Petrom continues for the third consecutive year the partnership with the Medcorp Association and supports the implementation of the “Health... more
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Study: Romania Ranks Second In Europe By IT Specialists
03.04.2024
The number of IT specialists employed in Romania has seen a steady increase in recent years, making it one of the sectors with the highest... more
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Affidea Acquires MedEuropa Radiotherapy Centers
03.04.2024
Affidea group, the biggest player in the imaging field, has taken over the five clinics of MedEuropa Romania, specialized in radiotherapy, present... more
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Simtel Team Buys Photovoltaic Park in Salonta
03.04.2024
Simtel Team, a Romanian engineering and tech company listed on the AeRO market of BVB, has acquired Oasis Green Energy 3, a project company that is... more
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Online Retailer evoMAG Expects Sales to Companies and Public Institutions to Rise 20% in 2024
03.04.2024
Online retailer evoMAG estimates a 20% increase in sales to companies and public institutions for 2024, with this segment set to generate a quarter... more
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Clinic Network Dora Optics Completes EUR5.5M Investment to Build Private Hospital in Targu Mures
03.04.2024
Clinic network Dora Optics, present in Mures, Harghita, Cluj and Sibiu countries, has recently finalized a EUR5.5 million investment 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.