Romania Posts Budget Gap Of 1.23% In Jan-April 2022 Vs 1.75% In Year-Ago Period
yesterday, 20:56
Romania’s general consolidated budget posted RON16.33 billion deficit in the first four months of 2022, lower than the RON20.70 billion level reported in the year-ago period, in line with finance ministry data released on Wednesday (May 25).
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Uniqa Asigurari, Uniqa Asigurari de Viata Report Combined Underwritings Of EUR27M For Jan-March 2022, Up 7% YoY 05.24.2022
Austria’s Uniqa Group, which owns in Romania general insurance division Uniqa Asigurari and life insurance division Uniqa Asigurari de Viata,... more
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Transgaz Signs Agreement With Three Seas Initiative Investment Fund For Up To EUR626M Projects 05.24.2022
Romania’s natural gas transmission company Transgaz (TGN.RO) on Tuesday said it concluded a roadmap agreement with The Three Seas Initiative... more
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Accor To Open Mercure Hotel In Alba Iulia In 2024 05.24.2022
Accor hotel group on Tuesday said it would open a Mercure hotel in Alba Iulia (central Romania), in the second quarter of 2024. more
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Online IT Job Platform Joberty Starts Operating In Romania 05.24.2022
Joberty, an online IT job platform that connects employers and candidates in a transparent eco-system, has officially started to operate in Romania... more
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Colliers: Fewer And Fewer Romanians Can Afford To Buy A New Home Due To Soaring Prices 05.24.2022
Fewer and fewer Romanians can afford to buy a new home, given that prices continue to rise at a pace significantly faster than wages, amid rising... more
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EY: Energy Security Concerns Prompt Governments To Focus On Renewable Energy Programs 05.24.2022
Governments around the world seek to accelerate and broaden the scope of their renewables programs to help reduce reliance on imported energy,... more
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Visa And Western Union Conclude Partnership In Germany And Romania 05.24.2022
Visa and Western Union have concluded a partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and... more
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Bosch Group Sales up 10% to Almost EUR500M in 2021 05.24.2022
Bosch Group ended the fiscal 2021 with RON2.4 billion (EUR494 million) consolidated sales in Romania, an increase of about 10% year-on-year. more
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Ursus Breweries Launches Kozel Beer Brand In Romania 05.24.2022
Ursus Breweries, the largest player in the Romanian beer industry, has launched the Kozel beer brand in Romania. more
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DRUID And Transilvania Leasing & Credit Implement AI Solution 05.24.2022
DRUID and Transilvania Leasing & Credit, one of the most experienced Romanian players on the local credit market, announced the implementation of a... more
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Romania Private Lending Grows 15.8% YoY To RON339B In April 2022 05.24.2022
Private lending in Romania grew by 15.8% in nominal terms (1.8% in real terms) to RON339 billion in April 2022 compared to April 2021, as local... more
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Three-Month ROBOR Spikes To 5.83% A Year On May 24 05.24.2022
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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GTS Telecom Sees 2021 Turnover Rise by 48% YOY to EUR42M 05.24.2022
GTS Telecom, a provider of communication services focused on the corporate market, in 2021 posted 48% higher turnover. more
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US Lear Corporation Buys Romanian IT Firm Thagora Technology 05.24.2022
Lear Corporation, a US company producing car seats and electronic systems for the automotive industry, has bought Romania’s software company... more
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MobilaDalin Ends 2021 with Over EUR10M Turnover, Up 25% YOY 05.24.2022
Romanian upholstered furniture producer MobilaDalin of Reghin, Mures county, a Romanian business founded by Cotoi family 27 years ago, for 2021... more
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Evopack Set to Finalize New Plant Shortly 05.24.2022
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia... more
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Dacris Mulls Setting Up Network of Hubs in Major Regions of Romania 05.24.2022
Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, wants to develop a network of hubs in major regions of... more
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Utilico Emerging Markets Sells 3.35% in Conpet Ploiesti, Drops to 5% 05.23.2022
Oil transmission company Conpet Ploiesti (COTE.RO), majority held by the Romanian government via the Energy Ministry, announced on the Bucharest... more
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Romania Raises RON296M Selling Bonds At 7.99% Yield 05.23.2022
Romania's finance ministry raised RON296 million on Monday (May 23), selling bonds maturing in 2026, at an annual average yield of 7.99%. more
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Safetech Innovations Reports 40% Higher Net Profit For 1Q/2022 05.23.2022
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Monday said it registered a net profit of RON0.4 million in the first quarter of... 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
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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?