CFA Analysts Expect GDP Growth of 2.9% in 2022, See Leu at 5.11 Units/Euro, Annual Inflation At 9.5% in Next 12 Months
today, 10:31
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.
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Three-Month ROBOR Jumps To 6.41% On June 29 today, 12:15
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Jewelry Chain Teilor Wants to Invest RON27M in Expansion today, 10:52
Teilor, a luxury jewelry store chain present in Central and Eastern Europe, has budgeted RON27 million investments for 2022 to open new units,... more
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Restaurant Chain Spartan Takes Over 5 Taksim Units in Bucharest for EUR1M, Negotiates Takeover of Other 3 today, 10:43
Spartan, the restaurant chain founded by businessman Stefan Mandachi, sealed an agreement to take over five of Taksim units of Bucharest, for EUR1... more
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Cora Set to Retrofit All Hypermarkets in Bucharest and One in Constanta today, 10:09
Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest... more
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Chairry Design & Furniture Set to Lease 240-Sqm Space in UpGround Compound today, 09:55
Interior design company Chairry Design & Furniture is leasing a 240-sqm space in UpGround compound owned by international investor Globalworth, in... more
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ROTSA Launches Incubation Platform For Early-Stage Technology Startups In CEE yesterday, 19:41
Romanian Tech Startups Association (ROTSA), in partnership with Techcelerator and Rōnin, launched Startup Reaktor, an incubation platform for... more
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EIB To Grant EUR97M Co-Financing To Protect Romanian Black Sea Coast From Erosion And Floods yesterday, 19:33
The European Investment Bank (EIB) on Tuesday announced a EUR97 million co-financing to support the resilience of Romanian Black Sea coast to... more
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Transelectrica: First Electricity Trading With Ukraine And Moldova To Be Made On June 30 yesterday, 19:27
The first commercial exchanges with electricity with Ukraine and the Republic of Moldova, after the synchronization with the European network, will... more
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InstantSpace Launches Booking Platform; Raises EUR500,000 In New Funding Round yesterday, 19:09
Startup firm InstantSpace has launched its automated booking platform that makes booking of venues and services easy and instant. more
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Colliers: Rising Construction Costs Impact Delivery Rate Of New Office Space Projects yesterday, 18:14
The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to... more
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European Commission Revises Its Forecast On Romania's Wheat Crop Downwards yesterday, 17:22
For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain... more
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Banca Transilvania Sees Romania’s Economy Growing 3.8% In 2022 yesterday, 14:46
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its... more
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Survey: Over 60% Of Companies Only Experimenting With Artificial Intelligence yesterday, 12:01
While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an... more
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Deloitte: Most Working Women Face Increased Stress yesterday, 11:53
The level of stress faced by more than half of working women (53%) is higher than a year ago, and 46% say they are exhausted, according to... more
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Three-Month ROBOR Climbs To 6.28% On June 28 yesterday, 11:27
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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iFactor Readies to Open New Funding Round yesterday, 10:33
Local startup iFactor, which has developed an online alternative funding platform for SMEs, is readying to open a new funding round that is set to... more
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Remedia Aims for 30% Higher Turnover in 2022, To RON621M yesterday, 10:22
Farmaceutica Remedia, a major group on Romania’s pharma market, owned by entrepreneur Valentin Tarus, has budgeted RON621.5 million turnover in... more
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Bihor-based Drum Asfalt Set to Carry Out EUR1M Investments by Yearend yesterday, 10:16
Building company Drum Asfalt of Bihor, owned by Floare Petroi, has EUR1 million investments underway by yearend, with the money set to be directed... more
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TTS Set to Modernize Giurgiu Harbor Section in RON24M Investment yesterday, 10:06
Transport Trade Services (TTS), the biggest freight shipper on the Danube, listed on the Bucharest Stock Exchange, has got the greenlight for the... more
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Fashion Brand Orsay Shuts Down All Units in Romania yesterday, 09:51
French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
moreAnalysis
What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?