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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Radisson Blu Hotel In Bucharest Opens NAMI Beach Club & More In June
04.25.2024
Radisson Blu Hotel Bucharest will open the NAMI Beach Club & More relaxation center in June, following a EUR1 million refurbishment process. more
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COS Ends 2023 With EUR29M Turnover, Up 3.5% YoY
04.25.2024
COS (Corporate Office Solutions), the leading provider of design solutions and furniture mostly for office spaces, held by investment fund SARMIS... more
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
04.25.2024
The deadlock in the Romanian IT market, characterized by layoffs, project suspensions, and the current political-economic context could end this... more
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Law Firm ONV LAW Expands Its Team Of Lawyers
04.25.2024
ONV LAW, one of the most dynamic law firms in Romania, has announced in a press statement on April 25 that it is expanding its team with six new... more
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Finance Ministry Raises RON1.39B From Banks On April 25
04.25.2024
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average... more
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
04.25.2024
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with... more
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Siemens Healthineers Unveils Installation Of MAGNETOM Flow In Romania
04.25.2024
Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology... more
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Coface: CEE Countries Faced Dramatic Surge In Company Insolvencies In 2023
04.25.2024
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout... more
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Austrian Builder Strabag Posts 65% Production Volume Increase in Romania in 2023
04.25.2024
Austrian constructions company Strabag in 2023 registered a 65% increase in production volume, to EUR519 million, in parallel with a 13% reduction... more
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Sphera Franchise Group Opens Third KFC Restaurant In Pitesti
04.25.2024
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened its third KFC restaurant in the town... more
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Colliers: Number of Housing Units Sold in Bucharest Up 18% in Q1, Demand Rises 19% Nationwide
04.25.2024
The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand... more
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PepsiCo Installs over 1,300 Photovoltaic Panels on Romania Plants in $2.1M Investment
04.25.2024
PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti,... more
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STC Partners Starts Phase II of Quartier Azuga
04.25.2024
Real estate developer STC Partners is starting the development of phase II of housing compound Quartier Azuga, located to Tei area of Bucharest,... more
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JYSK Opens Store in Sinaia, Reaches 141 Units in Romania
04.25.2024
Scandinavian home furnishings retailer JYSK is expanding further in Romania with a store in Sinaia, thus reaching a network of 141 units locally. more
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Dedeman Owners Take Over Former Project ELI 4
04.25.2024
Paval brothers, owners of Dedeman, the biggest Romanian entrepreneurial business, took over, via Paval Holding, Asset Proiect Craiova SRL company,... more
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Parc Hotels Complex Ends 2023 With RON63.4M Turnover, Up 3% YoY
04.24.2024
The Parc Hotels complex, one of the largest hotel companies that includes four-star units Ramada Parc and Ramada Plaza located in northern... more
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Bucharest Stock Exchange To Distribute RON12.5M Dividends To Its Shareholders
04.24.2024
The Bucharest Stock Exchange (BVB.RO), the operator of the capital market in Romania, announced that during the April 24 meeting its shareholders... more
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Deloitte: Real Estate Companies In Central Europe Anticipate Increased Investment In 2024
04.24.2024
Half of the real estate companies in Central Europe (49%) estimate investment to increase in 2024 and only 19% expect a decrease (lower than 51% in... more
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Mega Image Owner Ahold Delhaize Announces Opening Of Technology Center In Bucharest
04.24.2024
Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest... more
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Kearney: Romanian Banks Registered Above Average Income Growth Vs European Peers In 2023
04.24.2024
Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in... 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.