Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
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Simtel Team Sees Turnover Doubling To RON295.6M, Net Profit To RON27.4M YoY In 2023
02.26.2024
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading... more
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Revolut Enters Bank Deposit Market In Romania; Launches Its First Savings Product With Interest In Romania
02.26.2024
Revolut is entering the bank deposit market in Romania and rolling-out annual interest-bearing in-app savings accounts to its over 3.5 million... more
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Softbinator Technologies Reports RON32.2M Revenue And RON5.2M Net Loss For 2023
02.26.2024
Softbinator Technologies (CODE.RO), a group of IT companies, reported consolidated turnover of RON32.2 million for 2023, almost flat on the year,... more
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Flanco Extends CEO Mandate Of Dragos Sirbu For Four More Years
02.26.2024
Flanco, the second largest actor in Romanian computer and electronics retail, has extended the term of office as Chief Executive Officer (CEO) of... more
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Raiffeisen Bank International To Be Second Issuer Market Maker For TeraPlast As Of March 1, 2024
02.26.2024
Building materials manufacturer TeraPlast Bistrita (TRP.RO) has announced on Monday (Feb 26) the conclusion of an issuer market maker agreement... more
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Romaero's Former Board Chairman Designated To Lead Company's Activity In The Insolvency Procedure
02.26.2024
The shareholders of Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Monday (Feb 26)... more
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Finance Ministry Raises RON580M From Banks On February 26, 2024
02.26.2024
Romania's Finance Ministry raised RON580 million from banks on Monday (February 26, 2024) selling bonds with a nominal value of RON400 million due... more
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Prebet Aiud Reports Nearly RON1M Net Profit And RON110M Turnover For 2023
02.26.2024
Concrete prefab manufacturer Prebet Aiud (PREB.RO) ended 2023 with net profit of RON906,400, lower than RON7.8 million reported for 2022, and a... more
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CIS Gaz Opens Branch In Egypt, Delivers First Equipment Manufactured In Romania Within Project Developed By Egyptian Govt
02.26.2024
CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, has opened a branch in Cairo and delivers the first... more
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tbi bank Appoints Alex Garmash As Merchant Ecosystem Leader
02.26.2024
tbi bank, a mobile-first challenger bank in South East Europe, has appointed Alex Garmash to the position of Merchant Ecosystem Leader. more
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Hidroelectrica Resumes Tender For Vidraru Hydropower Plant Refurbishment
02.26.2024
Hidroelectrica has announced on Monday (Feb 26) that it relaunched the tender for the re-engineering of the Vidraru hydropower plant, through the... more
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Romania's Central Bank Anticipates More Pronounced Acceleration Of Country's Economic Growth In 2024 And 2025
02.26.2024
Romania's central bank predicts a more pronounced acceleration of the country's economic growth in 2024 and 2025 than in previous forecasts, amid a... more
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KADRA Reports 22% Higher Turnover, Of RON62.5M, For 2023; Expects Over 20% Increase In 2024
02.26.2024
KADRA, the leading provider of integrated solutions for automation and access management in Romania, reported a turnover of RON62.5 million for... more
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Santierul Naval Orsova Ends 2023 With RON99.5M Turnover, Up 72% YoY; Switches To RON3.4M Profit
02.26.2024
Shipbuilder Santierul Naval Orsova (SNO.RO) ended 2023 with a turnover of RON99.5 million, up 72% on the year, and a net profit of RON3.4 million... more
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OMV Petrom Signs Financing Via National Recovery And Resilience Plan For Two Green Hydrogen Production Projects At Petrobrazi Refinery
02.26.2024
OMV Petrom, the largest integrated energy producer in Southeastern Europe, on Monday (Feb 26) announced the signing of two financing contracts... more
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Romania Private Lending Up By 5.7% YoY To RON384.7B In January 2024
02.23.2024
Private lending in Romania went up 5.7% to RON384.7 billion in January 2024 compared with January 2023, central bank data showed on Friday... more
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Electromagnetica Slips Into The Red In 2023 With RON32M Loss
02.23.2024
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) made a net loss of RON31.7 million for 2023, from a profit of RON23... more
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Aerostar Bacau Profit Up 3% To RON93M In 2023
02.23.2024
Aerostar Bacau (ARS.RO), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, posted RON93... more
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Romania’s Modern Retail Space Stock Stands At More Than 4.3M Sqm
02.23.2024
Romania has a total modern retail space stock of more than 4.3 million square meters, of which over 2.7 million square meters are malls and the... more
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OVES Enterprise Invests EUR100,000 In Small Drone Manufacturing Line
02.23.2024
OVES Enterprise, a software development company and drone manufacturer, is expanding its drone production and investing EUR100,000 in a new line... 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.