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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Rompetrol To Install 11 Ultra-Fast Charging Stations For Electric Vehicles On A1 Highway
02.14.2024
KMG Rompetrol Development in November 2022 submitted an application for financing a project on the acquisition and installation of ultra-fast... more
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Hidroelectrica Invests Over RON12M To Modernize Ten 110kV Electrical Stations In SH Hateg
02.14.2024
Electricity producer Hidroelectrica (H2O.RO) announces the completion of the modernization process at ten 110kV electrical stations in SH Hateg... more
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OTP Bank Analysis: Romania's GDP Growth To Accelerate To 2.8% In 2024, Budget Deficit To Stay Close To 6% Of GDP
02.14.2024
Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment... more
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Statistics Board: Romania's Industrial Production Plunges 6.8% YoY In December 2023
02.14.2024
Romania’s industrial production decreased by 6.8% in unadjusted data in December 2023 versus December 2022 and by 2.3% when adjusted for... more
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Romania's Economy Grows 2% In 2023, Half The 4.1% Growth Rate In 2022
02.14.2024
Romania's economy increased at a 2% annualized pace in 2023 in real terms (in unadjusted data), which is half the 4.1% growth rate reported in... more
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New All-Time Highs For Romanian Stock Market In Early 2024
02.14.2024
The Romanian stock market started 2024 with new records in terms of the capitalization of listed companies and the level of the main BET index and... more
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Romania's Annual Inflation Resumes Upward Trend, Rises To 7.4% In January 2024
02.14.2024
Romania's annual inflation resumed its upward trend, increasing by 7.4% in January 2024 compared to January 2023, data from the country's... more
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EIF Official: We Financed Six Investment Funds With EUR125M and Readying to Grant Another EUR70M In 2024
02.14.2024
The European Investment Fund (EIF) has so far granted financing worth EUR125 million and by December 31, 2025 has available the rest up to the... more
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Romanian Startup Telerenta Announces EUR3M Investment
02.14.2024
Startup Telerenta, supported by US investment fund NCH Capital, which has developed an automated platform for the renting of electronic equipment,... more
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Oil Terminal 2023 Profit Up 23.2% To RON14.2M
02.14.2024
Romanian state-owned port operator Oil Terminal, 87.7% controlled by the Romanian state, ended 2023 with net profit of RON14.2 million, up 23.2%... more
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Foreign Investors Were Interested in Romanian Startups in 2023
02.14.2024
For Romania, 2023 was marked by foreign investor interest and Romanian startups managed to set an upward trend, reveals the report “Venture in... more
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Travel Agency Paralela 45 Ends 2023 with almost EUR60M Sales Volume, Similar with 2019 Level
02.14.2024
Paralela 45 ended 2023 with a sales volume of almost EUR60 million, a level similar with that of 2019, a benchmark year for tourism, when the... more
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Market Capitalization Of Building Materials Producer COMCM Grows Sevenfold So Far In 2024.
02.14.2024
The shares of Romanian building materials producer COMCM Constanta (CMCM.RO) have gained 621% so far in 2024, which translates into a a more than... more
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Competition Council Looks Into CEZ Vanzare Takeover By Premier Energy PLC
02.13.2024
Romania's Competition Council is assessing the transaction through which Cyprus-based energy holding company Premier Energy PLC intends to take... more
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Report: Total Investments In Commercial Real Estate Assets In Poland, Czech Republic, Hungary, Slovakia, Romania At 10-Year Low Of EUR5.1B In 2023
02.13.2024
The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and... more
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Evergent Investments Contracts New Credit Facility Of EUR10M From Banca Comerciala Romana
02.13.2024
Alternative investment fund Evergent Investments (EVER.RO) has announced in a stock market report on Tuesday (Feb 13) that it decided to continue... more
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Fondul Proprietatea Shareholders Reject Proposal For Sale Of Holdings In Fund's Portfolio Companies
02.13.2024
The shareholders of Romania's investment fund Fondul Proprietatea (FP.RO) on Tuesday (Feb 13) rejected item 3 on their agenda, which proposes the... more
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LinkedIn And Undelucram.ro Partner Up For Companies' Access To Skill Development Courses On LinkedIn Platform
02.13.2024
Web platform Undelucram.ro, the largest online employee community in Romania, has concluded a partnership with LinkedIn, the world’s leading... more
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Devhd Reports 15% Higher Turnover For 2023, Of Over EUR1M
02.13.2024
Devhd, specialized in the provision of consulting and digital transformation services via American platform ServiceNow, had a turnover of over EUR1... more
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Romania's Central Bank Holds Key Rate Steady At 7% a Year For 9th Consecutive Time
02.13.2024
Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2024) to keep its key interest rate unchanged at 7% a year, being... 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.