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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Dairy Importer Sole Mizo's Revenue Shrinks 5% To RON167M In 2023
today, 00:00
Sole Mizo Romania, part of Hungary’s Bonafarm group, posted RON167 million revenue in 2023, down 5% from the previous year, Finance Ministry data... more
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Dr Leahu Dental Clinics Enter New Era With Rebranding To Regina Maria Dental Clinics
yesterday, 23:38
Dr. Leahu Dental Clinics, founded by dentist Ionut Leahu 14 years ago, became Regina Maria Dental Clinics after the Regina Maria healthcare network... more
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Keysight Technologies Romania Reports RON170.7M Turnover For 2023, Down 14% YoY
yesterday, 23:29
Keysight Technologies Romania (the former Ixia), the local division of US Keysight Technologies, ended 2023 with a turnover of RON170.7 million... more
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Safety Broker Officially Becomes Part Of US-held Acrisure
yesterday, 23:17
Safety Broker, the largest insurance broker on the Romanian market, has received the approval of Romania's financial regulator ASF to officially... more
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Electrica Signs Memorandum Of Understanding With Esyasoft Holding Ltd
yesterday, 22:42
Electricity supplier and distributor Electrica (EL.RO) announced in a stock market report on Thursday (May 16) the signing of a Memorandum of... more
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Romgaz Establishes Natural Gas Supply Branch In Republic Of Moldova
yesterday, 22:32
Romania’s state-owned natural gas producer Romgaz (SNG.RO) has informed its shareholders and investors in a report on May 16 about the... more
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Distributie Energie Electrica Romania Carried Out RON70.3M Investments In Q1/2024
yesterday, 21:36
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, carried out investments worth RON70.3 million in the first... more
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Finance Ministry Raises Nearly RON1.3B From Banks Via Two Bond Issues On May 16
yesterday, 21:28
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average... more
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PENNY Romania Reports RON8.3B Turnover For 2023, Up 16% YoY
yesterday, 21:08
Discount store chain PENNY Romania, held by Germany's Rewe Group, announced on Thursday (May 15) that it ended 2023 with a turnover of over RON8.32... more
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NEPI Rockcastle Gets 12.7% Uplift in Net Operating Income in Q1/2024, Has Plans to Invest EUR650M in CEE
yesterday, 16:42
Real estate developer NEPI Rockcastle, the largest owner and manager of shopping centers in CEE, registered a 12.7% increase in net operating... more
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Storia: Brasov Saw Highest Rise In Old Apartment Prices, 21% YoY, In April 2024
yesterday, 16:30
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price... more
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C&W Echinox: Bucharest Office Market Expanded Further in Q1/2024
yesterday, 16:18
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the... more
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Delgaz Grid, Part Of E.ON Romania Group, Carried Out EUR177M Investments In 2023
yesterday, 15:36
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and... more
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CONFIDEX Survey Shows Increased Proportion Of Managers Optimistic About Romania's Economy
yesterday, 15:18
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves... more
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RCS&RDS Changes Name To Digi Romania Effective May 15
yesterday, 14:29
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to... more
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Romcarbon Logs RON1.5M Net Loss in Q1/2024
yesterday, 11:36
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive... more
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Arctic Stream Reports RON2M Net Profit, RON30M Revenues in Q1/2024
yesterday, 11:24
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from... more
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Patria Bank almost Triples Profit in Q1/2024, To RON8M
yesterday, 11:14
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates... more
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Chimcomplex Switches To RON7.4M Net Profit in Q1/2024 from RON8.3M Losses in Q1/2023
yesterday, 11:03
Chemicals producer and supplier Chimcomplex switched to profit of RON7.4 million in the first three months of 2024, after a RON8.3 million loss in... more
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Romgaz Hires Biggest US Bank JPMorgan To Lead Bank Consortium Set to Handle Bond Sale on External Market
yesterday, 10:48
Romania’s state-owned natural gas producer Romgaz has selected JPMorgan, America’s largest bank, to lead the bank consortium that will... 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.