Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
05.10.2024
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the same period of 2023, data from the country's statistics board INS showed on Friday (May 10).
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Aquila Part Prod Finalizes Parmafood Acquisition
04.26.2024
Aquila Part Prod (AQ.RO), an entrepreneurial company providing distribution and logistics services for consumer goods in Romania, has finalized the... more
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Socep Constanta Rejects Proposal Of Shareholder Sammarina Imobiliare To Distribute RON50M Dividends
04.26.2024
The shareholders of port operator Socep Constanta (SOCP.RO) have rejected the proposal of shareholder Sammarina Imobiliare SA regarding the... more
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Budget Deficit Already At 2% After Q1, 2024
04.26.2024
Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated... more
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Oil Terminal Shareholders Approve RON9.6M Dividends From 2023 Net Profit
04.26.2024
Romanian state-run port operator Oil Terminal (OIL.RO) has announced in a stock market report that its shareholders approved in their ordinary... more
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Conpet Shareholders Approve RON58M Dividends, With 7.72% Yield
04.26.2024
The shareholders of Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) approved in their ordinary general meeting of April 25 the... more
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Romgaz Approves RON524M Dividends from 2023 Profit
04.26.2024
Romania’s state-owned natural gas producer Romgaz has informed the capital market about its shareholders’ decision to distribute 20% of 2023... more
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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... more
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Raiffeisen Set to Send RON860M Worth of Dividends to Vienna, Half 2023’s Record High Profit
04.26.2024
Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record... more
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Poland’s Spyrosoft Solutions Posts RON46M Turnover, RON5.7M Profit in Romania in 2023
04.26.2024
Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold... more
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Kaufland Opens Unit in Nasaud, Reaches 178-Unit Network in Romania
04.26.2024
German retailer Kaufland has opened a new unit, in Nasaud city, Bistrita-Nasaud county, thus reaching a network of 178 hypermarkets nationwide. more
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Cristian Rusu Wants to Bring Rus Savitar Back to Growth
04.26.2024
Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019,... more
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SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years
04.26.2024
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian... more
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Mobila Dalin's 2023 Turnover Drops Nearly 8% YoY To RON48.9M
04.26.2024
Upholstered furniture manufacturer Mobila Dalin based in Reghin (Mures County) ended 2023 with a turnover of almost RON48.9 million (EUR9.9... more
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Electrica To Pay Out RON40M Dividends
04.26.2024
The shareholders of electricity supplier and distributor Electrica (EL.RO) on April 25 approved the distribution of dividends in the amount of... more
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BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit
04.26.2024
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of... more
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Shareholders Greenlight One United Properties’ Corporate Bond Issuance Program
04.25.2024
Real estate developer One United Properties (ONE.RO) has notified the stock market about the decision of its shareholders to approve a corporate... more
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Nuclearelectrica To Distribute Dividends Worth Over RON1B To Shareholders
04.25.2024
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report that its shareholders approved, in their... more
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Banca Transilvania Gets Shareholder Approval To Distribute RON1B Dividends, To Boost Share Capital By RON1.2B
04.25.2024
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their... more
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Builder Autotehnorom Revenue Shrinks 25.5% To RON200.9M In 2023
04.25.2024
Autotehnorom, a construction company in Suceava owned by the Ripan family, posted about RON200.9 million (EUR40.6 million) revenue in 2023, down... more
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JT Grup Oil Sells 10 Million Shares Issued Following Share Capital Increase; Readies Listing On AeRo Market
04.25.2024
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, is launching a public offering for the sale of 10 million... 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.