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
yesterday, 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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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
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Popeyes Set to Open Restaurant Outside Bucharest
04.23.2024
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first... more
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Transilvania Investments Alliance Greenlights Distribution of Dividends with 4.7% Yield
04.23.2024
Alternative investment fund Transilvania Investments Alliance announced that during the general ordinary meeting of shareholders of April 22 the... more
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ING Hubs Romania Aims to Have 2,000-Specialist Team by Yearend to Reach EUR170M Turnover
04.23.2024
ING Hubs Romania, the local software development hub of Dutch financial-banking group ING, aims to reach the mark of 2,000 specialists in its team... more
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Kärcher Doubles Turnover in Romania in Two Years
04.23.2024
CER Cleaning Equipment, which operates Kärcher production in Romania, entered the club of RON billionaires after doubling its turnover in the past... more
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Bakery Company La Lorraine Seeks to Hire 35 People at Campia Turzii Unit
04.23.2024
La Lorraine, a major player on the bakery market, owned by the Belgian group of the same name, currently has 35 jobs available at the unit of... more
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Sphera Franchise Group Set to Tone Down Expansion, Focus on Drive-Thru Unit Openings
04.23.2024
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open new units, but expansion will not... more
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Real Estate Investments Up 33% To EUR205M In Q1, 2024
04.22.2024
Real estate investments reached EUR205.75 million in the first quarter of the year, 33% more than in the corresponding period of 2023. The most... more
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Eurowind Energy Signs EUR65M Loan Facility With BCR And Erste Group
04.22.2024
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga,... more
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Eurostat: Romania Recorded One Of Highest Government Debt To GDP Ratios In EU In 2023
04.22.2024
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy,... more
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Sameday Seeks To Acquire Rival Sprinter In Hungary
04.22.2024
Sameday, one of the largest parcel delivery companies in Romania, announces intent to buy Sprinter, a rival with an over 25-year presence on the... more
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Julius Meinl Living Buys Ambasador Hotel In Bucharest
04.22.2024
Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest. more
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One United Properties Okays RON6.2M Capital Increase to Support Stock Option Program
04.22.2024
Real estate developer on Friday approved a capital share increase by RON6.2 million to support the implementation of the stock option plan by... more
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Romania Had 997 Kilometers of Highway at End-2023
04.22.2024
Romania at the end of last year had 997 km of highway, 48 more than in 2022, which account for 5.6% of the national road network, National... more
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Romarg 2023 Turnover Climbs 25% in 2023, Net Profit Rises almost 2.5 Times
04.22.2024
Romanian company Romarg, specializing in web hosting and domain registration services, in 2023 registered turnover worth above RON20.6 million... more
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J’Info Tours Expects 24% Turnover Growth in 2024
04.22.2024
Carmen Pavel, head of travel agency J’Info Tours, one of the largest on the market, says she expects a 24% turnover increase this year, to EUR7.8... 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.