Banca Transilvania Officially Announces Acquisition Of BRD Pensii
yesterday, 23:35
Banca Transilvania (TLV.RO), the largest bank in Romania, announced on the Bucharest Stock Exchange on Tuesday evening that it had reached an agreement with France’s Société Générale to buy BRD Pensii.
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Profi 2023 Turnover Up 11% YoY To Nearly RON13B
05.22.2024
Supermarket and convenience store chain Profi ended 2023 with a turnover of RON12.9 billion, up 11% from 2022, but the advance is half the level... more
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Telekom Romania Mobile Logs RON80M Net Loss, RON1.3B Turnover In 2023
05.22.2024
Telekom Romania Mobile, the fourth mobile telephony operator in Romania, recorded loss in 2023 too, lower revenue and a lower average number of... more
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Statistics Board: Romania’s Exports Of Tobacco Products Up To Nearly EUR1.7B YoY In 2023
05.22.2024
The total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, reached EUR1.68... more
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CFA Analysts Project 1.9% GDP Growth, 5.7% Budgetary Gap in 2024. Inflation Forecast to Average 5.73%, Leu to Reach 5.0179 Units/Euro in Next 12 Months
05.22.2024
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in... more
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Intesa Sanpaolo Bank Romania Lends Bucharest City Hall RON150M To Acquire 100 Electric Trolleybuses
05.22.2024
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, has been selected by the Bucharest City Hall in an auction for the... more
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Romgaz Gets “BBB-“ Rating with Stable Outlook from Fitch Ratings
05.22.2024
Rating agency Fitch has assigned Romgaz, a natural gas producer and supplier controlled by the Romanian state, investment grade credit rating... more
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Senior Software 2023 Net Profit Rises 44% To over RON10M
05.22.2024
Local company Senior Software, which specializes in development and integration of IT systems for business management, in 2023 generated net profit... more
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Fildas-Catena Group Reaches RON14B Cumulated Turnover in 2023, Up 14% YOY
05.22.2024
Fildas-Catena group, the largest player on the pharma market, founded by entrepreneur Anca Vlad three decades ago, registered RON14 billion... more
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Dragos Sirbu, Flanco: First Months of 2024 Look Encouraging
05.22.2024
Electro-IT retail, the first to feel any consumption behavior change in challenging economic times, had a good start to the year, after in 2023... more
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Bucharest Stock Exchange To Start Share Buyback Program Worth Up To RON6.7M
05.22.2024
The Bucharest Stock Exchange (BVB) announced in a stock market report on May 21 that it would start a share buyback program from May 22, which was... more
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Rombat Bistrita Ends 2023 With RON512.6M Turnover, Up 1.6% YoY
05.21.2024
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, ended 2023 with a turnover of RON512.6 million... more
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Airline Fly Lili To Introduce Five Flights From Sibiu Airport From July 20
05.21.2024
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating five flights from the Sibiu International Airport to Nuremberg and... more
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Apidava Sold EUR9.4M Worth Of Honey And Honey-Based Products In 2023
05.21.2024
Honey producer Apidava from Alba County sold honey and honey-based products worth EUR9.4 million, in 2023, compared to nearly EUR8 million in 2022,... more
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Simtel Team's Q1/2024 Net Profit Surges 200% YoY To RON4.96M
05.21.2024
Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, ended the first quarter of 2024 with net profit of... more
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Razvan Butucaru, Mazars: Romania Among Top Four M&A Markets In Region By Deal Volume
05.21.2024
The Romanian M&A market is among the top four M&A markets in the region in terms of deal volume and is increasingly gaining visibility with... more
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Affidea Invests EUR15M In Radiotherapy Center In Iasi
05.21.2024
Affidea, the largest player in the medical imaging services market in Romania, has completed the acquisition of MedEuropa radiotherapy centers, a... more
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Garanti BBVA Romania To Contribute EUR48M To Syndicated Loan Of EUR435M Contracted By Ford Otosan Romania
05.21.2024
Garanti BBVA Romania will contribute EUR48 million to the syndicated loan of EUR435 million contracted by Ford Otosan Romania. more
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Romania Taps International Markets With 8 And 13-Year Eurobond Issues
05.21.2024
Romania's finance ministry on Tuesday (May 21) taps external markets for the third time in 2024, selling euro-denominated bonds with 8 and 13-year... more
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South Of Bucharest Could Attract EUR3.5B Investment In Urban Development After Extension Of Subway Line 4
05.21.2024
The project to extend Line 4 of Bucharest subway that runs from Straulesti to Gara de Nord to Gara CFR Progresul (Progresul train station) will... more
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Colliers: Romanian Real Estate Investment Market Closes Q1/2024 With EUR202M Worth Of Transactions
05.21.2024
Romania's real estate investment market ended the first quarter of 2024 with transactions of EUR202 million, 69% more than in the same quarter 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.