Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
yesterday, 23:25
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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Pharma Company Biocodex Targets EUR10M Revenues in Romania in 2024
02.08.2024
Romania met several major criteria for France’s Biocodex to decide opening its own Bucharest subsidiary: a good macroeconomic framework,... more
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Cargo Partner Set to Expand Bucharest, Cluj-Napoca and Timisoara Logistic Spaces
02.08.2024
Cargo Partner, the local subsidiary of the Austrian group of the same name, which was taken over internationally by Japan’s Nippon Express, will... more
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Topanel 2023 Investments Top EUR15M
02.08.2024
Thermal-insulating panel producer Topanel in 2023 operated total investments worth above EUR15 million, with most money being directed to boosting... more
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Florin Danoaie and Raul Ciurtin Attract Polish Partner to Develop Domeniile Boieru Wines
02.08.2024
JNT Group, one of Poland’s major wine producers, importers and wholesalers, has signed an agreement to take over the majority stake in Domeniile... more
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Automobile Dacia Seeks to Hire 138 People at Mioveni Plant
02.08.2024
Carmaker Automobile Dacia currently has 138 jobs available at the Mioveni plant. more
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Ford Otosan Craiova Set to Start New Puma Production in 2Q
02.08.2024
Ford Otosan Romania will start the production of the Puma facelift in Craiova in the second quarter of this year and deliveries to local clients... more
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factory by Raiffeisen Bank Program Funded Over 430 Businesses, Total Financing Value Nears EUR24M
02.08.2024
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses,... more
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UNSAR: Insurance Companies' Home Insurance Claim Settlements Topped RON119M In Jan-Sept 2023
02.08.2024
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared... more
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Telecom And Automotive Component Plant Faist Oradea Reports EUR50M Turnover For 2023
02.08.2024
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, had a turnover of EUR50 million in... more
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Competition Council Looks Into Transaction Whereby OMV Petrom Acquires 50% Of Electrocentrale Borzesti Shares
02.07.2024
Romania's Competition Council is assessing the transaction through which OMV Petrom, the sole oil and gas producer in Romania and the largest... more
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Complice.ro Aims To Reach EUR1M Turnover Mark In 2024
02.07.2024
Complice.ro, an online store providing a series of experience packages for individuals and companies, aims to reach the EUR1 million turnover mark... more
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PeliPartners Assists Adventum Group In Lease Extension Transaction With Genpact Romania
02.07.2024
Law firm PeliPartners assisted Adventum Group in signing a lease contract extension with Genpact Romania – the anchor tenant in Hermes Business... more
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RetuRO Opens Second Beverage Packaging Collection Center In Romania
02.07.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its second... more
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European Investment Bank Approves Financing For Romania’s Railway Upgrades
02.07.2024
The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport,... more
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Gilles Ballot Named Chief Executive Officer Of Carrefour Romania
02.07.2024
Carrefour Group announces the appointment of Gilles Ballot as Chief Executive Officer (CEO) of Carrefour Romania starting from February 12, 2024. more
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Allianz Trade: Romania Will Post GDP Growth of around 3% in 2024, 3.5% in 2025, But Public Finances Will Worsen Further
02.07.2024
Romania will register economic growth of around 3% in 2024, followed by 3.5% in 2025, but in parallel public finances will continue to deteriorate,... more
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Alro Slatina Invests $2.8M in Aluminum Alloy Electric Furnace for Plates Aging
02.07.2024
Alro Slatina, one of the largest vertically integrated aluminum producers in Europe by production capacity, has acquired an aluminum alloy electric... more
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Bulgaria’s VC Firm Eleven Launches New Round of Alpha Program
02.07.2024
Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition... more
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FintechOS Ends 2023 with 40% Revenue Growth, Below Expectations
02.07.2024
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services... more
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Atos Romania Seeks to Hire 43 IT Specialists
02.07.2024
The local subsidiary of French tech group Atos, present in Romania both via Atos Romania and Eviden Romania, seeks to recruit around 43 IT... 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.