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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Corteva Agriscience Ends 2023 With 23% Growth In Revenue In Romania And Republic Of Moldova
02.20.2024
Corteva Agriscience, a producer of agricultural seeds and plant protection products saw its business in Romania and the Republic of Moldova... more
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Transelectrica Gets Another EUR48M Funding Via Modernization Fund
02.20.2024
Romania’s national power transmission company Transelectrica (TEL.RO) got EUR48 million non-repayable funding on Tuesday, February 20, via the... more
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EXE Software Has Four Open Vacancies
02.20.2024
Romanian company EXE Software, specializing in software solutions development, currently has four open vacancies, seeking people to fill the... more
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Renault Puts Emaonel Derta In Charge Of Dacia Design Center In Bucharest
02.20.2024
Renault Group put Emanoel Derta in charge of the Dacia Design Center in Bucharest as of this year. He replaces Ory Yohann, who had been running the... more
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Autonom Protect Takes Over Majority Stake in Nova Ria24
02.20.2024
Autonom Protect, the services unit for the insurance market of Autonom group, controlled by brothers Marius and Dan Stefan, has taken over the... more
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Greece’s Softone Group Appoints Radu Opris Group General Manager International
02.20.2024
Softone Group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, has appointed Radu... more
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New Car Registrations Up 3.8% In Romania In January 2024
02.20.2024
Romania ranks 14th in the European Union by new car registrations in January 2024, with a volume of 12,733 units, an increase of 3.8% on January... more
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Iasi City Hall Buys 18 Trams from Turkey’s Bozankaya in RON141M Contract
02.20.2024
Bozankaya, a Turkish-held public transport vehicle producer, has gained a project within a tender organized by Iasi City Hall via which it will... more
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Fidelis, 15th Edition: Romanians Can Buy Govt Bonds Between February 21-March 1
02.20.2024
The Finance Ministry is readying to launch a new Fidelis government bond issue aimed at retail investors for which subscriptions will start on... more
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Matei Lucescu Aims to Consolidate Investment in Grivita Craft Beer Plant
02.20.2024
Matei Lucescu, the entrepreneur behind Grivita beer brand, wants to strengthen investment in the production unit opened last year in... more
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New EV Sales Set to Hit 50,000 Units in 2030, from 19,000 in 2024
02.20.2024
“Electrified” passenger cars will in 2024 reach a 29% market share in Romania, so that, an analysis by the Automotive Manufacturers and... more
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Misavan Set to Invest EUR10M in New Cleaning Goods Plant
02.20.2024
Misavan, a Iasi-based cleaning goods producer, is building a new plant, where all the group’s production capacities will be moved. more
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Cristian Constantinescu, Who Sold Noriel in 2016, Develops Cosmetics Chain Nala
02.20.2024
Cristian Constantinescu, one of the most discreet local entrepreneurs, known for having co-founded and then sold Noriel, has shifted to the beauty... more
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Lion Capital Sells Azuga Ski & Bike Resort To Electric Planners For EUR9M
02.19.2024
Lion Capital (LION.RO) on Monday notified investors on the Bucharest Stock Exchange about its board of directors approving the sale of the entire... more
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Finance Ministry Raises RON443.2M From Banks On February 19, 2024
02.19.2024
Romania's Finance Ministry raised RON443.2 million from banks on Monday (February 19, 2024) selling benchmark bonds with a scheduled value of... more
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KIWI Finance Brokers More Than RON1.7B Loans In 2023
02.19.2024
KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over... more
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AROBS Transilvania Software Included FTSE Russell Micro Cap Index As Of March 18
02.19.2024
AROBS Transilvania Software (AROBS.RO) shares will be included in the FTSE Russell emerging markets indexes as of March 18, 2024. more
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Financial Analysts See Romania’s Economic Growth At Over 2% in 2024
02.19.2024
Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA... more
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Silcotub Zalau Starts Construction Of 21MW PV Park In Calarasi
02.19.2024
Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of... more
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ING Romania Appoints Austrian Philipp Gamauf CFO
02.19.2024
Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a... 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.