CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
04.26.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.
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Deltaica Seafood Expects 20% Growth In Revenue In 2024
04.16.2024
Deltaica Seafood, which sells canned and prepared fish, ended 2023 with RON40 million revenue, a slight increase over 2022 and has budgeted a 20%... more
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MerchantPro: Romania's E-Commerce Market Sees Slow But Steady Growth
04.16.2024
Romania's e-commerce market is growing further, but its growth is slow, as per an analysis by MerchantPro, the local SaaS solutions platform for... more
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eJobs: Four In Ten Romanian Employees Dissatisfied Or Very Dissatisfied With Current Jobs
04.16.2024
A third of Romanian employees say they are dissatisfied with their current jobs, while 7% say they are very dissatisfied, as per the latest survey... more
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IMF Sees Romania’s GDP Growth At 2.8% And Inflation At 6% In 2024
04.16.2024
International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in... more
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Competition Council Approves Takeover Of Greenvolt Energias Renovaveis And Its Subsidiaries By GVK Omega SGPS Unipessoal
04.16.2024
Romania's Competition Council has approved the transaction whereby GVK Omega SGPS Unipessoal LDA, Portugal intends to take over Portugal's... more
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S&P Reconfirms Romania’s Sovereign Rating And Stable Outlook
04.16.2024
International rating agency Standard&Poor’s (S&P) has reconfirmed the rating related to Romania’s government debt at BBB-/A3 for long-term and... more
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Transelectrica Inaugurates 400 kV Overhead Power Line
04.16.2024
Romania’s national power transmission company Transelectrica (TEL.RO) has inaugurated the 400 kV Overhead Power Line Portile de Fier – (Anina)... more
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Deloitte Romania Assists AQUILA In Acquisition Of Romtec Europa
04.16.2024
Deloitte Romania has advised AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania... more
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Premier Energy Completes CEZ Vanzare Acquisition
04.16.2024
Premier Energy group, owned by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiri Smejc, has completed the acquisition of CEZ... more
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Purcari Wineries Maintained in MSCI Romania Small Cap Index
04.16.2024
Winemaker Purcari Wineries announced its shares remain in MSCI Romania Small Cap Index after the quarterly review of the index. more
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Cristian Rusu Repurchases Furniture Casa Rusu Five Years After Sale to Sweden’s Greenbridge
04.16.2024
Entrepreneur Cristian Rusu and his family have bought back Rus Savitar-Casa Rusu group, active in furniture production and retail, five years after... more
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Farmacia Tei And Bebe Tei To Overshoot RON2B Revenue Mark Together In 2024
04.15.2024
Farmacia Tei and Bebe Tei, one of the most dynamic businesses on the local market, will overshoot the RON2 billion revenue mark in 2024, company... more
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Tucano Coffee Shop Chain Plans To Open New Units In 2024, In Romanian Towns Of Bacau, Deva, Pitesti And Vaslui
04.15.2024
Tucano, a coffee shop network whose story began in the Republic of Moldova 12 years ago, plans to double its coffee shop chain in Romania, which... more
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Tomoroga Construct 2023 Turnover Surges By 70.5% YoY To Over RON36M
04.15.2024
Construction company Tomoroga Construct had a turnover of RON36.2 million (EUR7.3 million) in 2023, up 70.5% from RON21.2 million (EUR4.3 million)... more
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Airline Fly Lili To Introduce Flights From Brasov On June 15
04.15.2024
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating flights from Brasov-Ghimbav International Airport to Munich,... more
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MHP Consulting 2023 Turnover Doubles YoY To RON241M In 2023
04.15.2024
MHP Consulting based in Cluj-Napoca, a provider of IT services, part of Porsche Group, reported a turnover of RON240.7 million for 2023, up 50%... more
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Connections Consult Approves Distribution Of RON3.3M Dividends From Its 2022 And 2023 Net Profit
04.15.2024
Connections Consult (CC.RO), a digital transformation company listed on the AeRO market of the Bucharest Stock Exchange, has approved the granting... more
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Life Is Hard Raises RON10M From Investors Via Bond Issue
04.15.2024
Technology company Life is Hard (LIH.RO) has successfully completed its public offering of corporate bonds and closed the operation at a price of... more
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Eurostat: Romania, The Third Largest Oil Producer In The European Union
04.15.2024
The largest oil producers in the European Union in 2022 were Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons),... more
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Finance Ministry Raises RON512M From Banks On April 11
04.15.2024
Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of... 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.