CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
yesterday, 10:00
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation rate will average 5.46%, the lowest level since November 2021.
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Romania May Attract Over EUR40M Investment In Lithium-Ion Battery Recycling Facility
02.02.2024
The National Battery Recycling System Association (SNRB) and Ecowes, the battery collection and recycling company from Romania, become partners... more
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China's Haier Group Set To Lay Off 40% Of 1,000 Employees At Its Refrigerator Factory In Prahova County
02.02.2024
China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention... more
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Colliers Predicts Investment Rebound For CEE Real Estate Market In 2024
02.02.2024
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and... more
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ING Bank: Most Romanian Homeowners Took Measures To Enhance Energy Efficiency Of Their Homes, In Last 3 Years
02.02.2024
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three... more
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Energy Ministry Launches 2nd Edition Of Electric Up Program
02.02.2024
Romania's energy ministry has announced the launch of Electric Up 2, a program that offers support to SMEs and the hospitality industry for the... more
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INS: Romania Building Permits Down 5.2% YoY In December 2023
02.02.2024
Romanian authorities issued 2,550 residential building permits in December 2023, 5.6% fewer than in November 2023 and 5.2% fewer than in December... more
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New Issue Of Bittnet System Bonds Starts Trading On Bucharest Stock Exchange On Feb 2
02.02.2024
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new... more
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Glodeni Energy Borrows over RON82M from Libra Internet Bank to Build 53 MW Solar Parks in Mures
02.02.2024
Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private... more
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SeedBlink Aims to Expand in DACH Area and France in 2024
02.02.2024
SeedBlink, a local company that has developed an equity crowdfunding platform for tech startups, present in several European countries, plans to... more
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Simba Invest Ends 2023 with EUR170M Turnover, Up 26% YOY
02.02.2024
Bacau-based Simba Invest, a major consumer goods wholesaler locally, in 2023 registered turnover worth around EUR170 million, 26% higher than in... more
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Emerald Medical Center Set to Open Third Clinic in Timisoara in EUR3M Investment
02.02.2024
Bucharest’s Emerald medical center, part of Sofmedica group, which opened a second clinic in Iasi last year, bets on new clinic in Timisoara,... more
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Local Family Business Andu Sports Manufactures Sportswear for Local and Foreign Teams
02.02.2024
Hanea family started Andu Sports business almost 27 years ago, manufacturing pajamas in its own production line. Later on, the entrepreneurs... more
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CITR: Number Of Company Insolvencies In Romania Unchanged In 2023 vs 2022 Level, At 6,650 Firms
02.02.2024
The number of companies in Romania resorting to insolvency proceedings in 2023 remained unchanged compared to 2022 level, namely, at 6,650 firms,... more
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ROCA Industry Completes 2nd Stage Of Share Capital Increase; Boosts Capital To RON248.7M
02.02.2024
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report on Feb.1 that it... more
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Bittnet’s Dendrio Solutions Signs RON67M Contract For Provision Of Integrated Monitoring Solutions
02.01.2024
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock... more
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TeraPlast Group Acquires Wolfgang Freiler Group From The Uhl Family In EUR16.5M Deal
02.01.2024
TeraPlast Group has announced on February 1 that, following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler... more
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Romania Forex Reserves Grow To EUR61.4B In January 2024
02.01.2024
Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank... more
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Tea Producer Kalpo Posts 8% Growth In Revenue To Over RON12M In 2023
02.01.2024
Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in... more
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Finance Ministry Raises RON1.73B From Banks Via Two Bond Issues On February 1
02.01.2024
Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average... more
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Photon Energy Connects Tenth Solar PV Power Plant To Romanian Electricity Grid
02.01.2024
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC)... 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.