CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
today, 10:57
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.
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Dent Estet Has Invested EUR12m In Medical Infrastructure Since 2016
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Dent Estet, an actor on the Romanian dental clinic market, has invested over EUR12 million in medical infrastructure since 2016, reaching 18... more
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Cisco Study: Very Few Organizations Prepared To Defend Against Today’s Rapidly Evolving Threat Landscape
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Only three percent of organizations across the globe have the ‘Mature’ level of readiness needed to be resilient against modern cybersecurity... more
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OMV Petrom To Test Carbon Capture And Utilization Facility At Petrobrazi
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Romania’s largest oil and gas producer, OMV Petrom, will be testing a new carbon capture and utilization technology at the Petrobrazi refinery,... more
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Edward Cretescu Takes The Helm Of Romanian Employers Association In Software Industry
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The Romanian Employers Association in the Software Industry (ANIS) has a new president, Edward Cretescu, CEO of Regista, and a new Board of... more
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Lucian Pruna Takes Over The Helm Of Mogo Romania
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Mogo Romania, a company specializing in financing used vehicles and part of the international Eleving Group, on April 24 announced in a press... more
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Telerenta Doubles Number Of Products Available For Rent, Adding New Categories To Its Portfolio
04.24.2024
The Romanian technology startup, Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users,... more
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Delgaz Grid Invests RON7.75M To Upgrade Natural Gas Network In Bistrita-Nasaud County
04.24.2024
Five investment projects in natural gas distribution, whose total value exceeds RON7.75 million (EUR1.5 million), were planned for 2024 by Delgaz... more
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Romanian Restaurant Chain Spartan Ends 2023 With EUR48M Revenue
04.24.2024
Romanian restaurant chain Spartan posted EUR48 million revenue in 2023 and plans to expand with up to 50 locations in the near future, even abroad. more
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Romania Private Lending Up 4.7% YoY To RON387B In March 2024
04.24.2024
Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24,... more
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Flydubai Opens Office in Bucharest, in Eminescu Offices
04.24.2024
Airline flydubai is opening an office in Eminescu Offices of downtown Bucharest in a deal brokered by real estate consultancy Cushman & Wakefield... more
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C&A Set to Open Four Stores in Romania in 2024
04.24.2024
Fashion retailer C&A, a major player on Romania’s market, will open four stores locally this year, from three units in 2023. more
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Dairy Producer Artesana Wants over EUR6M via Just Transition Program for Cheese Plant in Galati
04.24.2024
Dairy producer Artesana wants to get over EUR6 million via the Just Transition Program to turn the old plant of Tecuci, Galati county, into a new... more
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NN Asigurari de Viata Ends 2023 with RON102M Net Profit, Up 12% YOY
04.24.2024
NN Asigurari de Viata, leader of Romania’s life insurance market, ended 2023 with net profit worth almost RON102 million, up 12% from 2022. more
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Farmavet Group Wants to Boost Production Capacity
04.24.2024
Farmavet group, which manufactures animal medicines, but other products as well in three plants, intends to boost its veterinary product... more
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Cosmetics Manufacturer Farmec Sees Revenue Up 20% To Almost RON360M In 2023
04.23.2024
The Cluj-based cosmetics manufacturer Farmec ended 2023 with about 20% growth in revenue to RON358 million (more than EUR71 million), after... more
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Santierul Naval Orsova Signs EUR4.1M Contract To Build Two Ships
04.23.2024
Santierul Naval Orsova (Orsova Shipyard – SNO.RO) on Tuesday notified capital market investors about having signed an external contract to build... more
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ROCA Investments’ Valuation Up To EUR81.64M In 2023
04.23.2024
Private equity company ROCA Investments announces a current valuation before dividend distribution of EUR81.64 million for 2023, up from the... more
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Hagag Development Appoints Ana-Maria Nemtanu Director Of Leasing
04.23.2024
Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director... more
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Colliers: Demand For Strategic Land On The Rise In Romania
04.23.2024
Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing... more
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Britain’s Eleco Buys Vertical Digital Group of Software Development Companies
04.23.2024
Eleco plc, a specialized software supplier listed on the Alternative Investment Market of London Stock Exchange, has acquired Vertical Digital... 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.