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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New Car Registrations in Romania Down 8.9% Annually in February
03.21.2024
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full... more
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Nuclearelectrica Proposes Gross Dividend of RON3.71/Share from 2023 Net Profit
03.21.2024
State-run nuclear power producer Nuclearelectrica is set to submit to shareholders’ approval the proposal regarding the distribution of a gross... more
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Infinity Capital Investments Wants 2023 Net Profit Distributed to Reserves for Future Investments
03.21.2024
The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to... more
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Fly Music Targets European Markets
03.21.2024
Entrepreneur Florin Fodor, who almost two decades ago set up musical instruments store network Fly Music together with his wife Liliana Fodor,... more
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Moldovan Carmangerie Wants to Invest EUR17M in Burger Plant
03.21.2024
Moldovan Carmangerie, with activities in the meat industry and part of a group of companies founded and controlled by Moldovan family, will invest... more
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Feruccio Group Invests EUR2.5M In Winery In Dealu Mare; Set To Build EUR1.7M Hotel
03.21.2024
Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a... more
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Eckerle Automotive's 2023 Turnover Up 6.8% YoY To RON270.6M
03.21.2024
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, ended 2023 with turnover of almost RON270.6 million (EUR54.7... more
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Farmaceutica Remedia Seeks To Distribute RON4.7M Dividends, With 7.2% Yield
03.21.2024
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale... more
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Conpet Ploiesti Set To Distribute RON56M Dividends From 2023 Profit, With 7.6% Yield
03.21.2024
Romanian state-owned oil transporter Conpet Ploiesti (stock symbol: COTE) has called shareholders for an April 25 meeting to vote on the... more
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Roca Industry Envisages RON6.3M Net Profit And RON655.4M Turnover For 2024
03.21.2024
Building materials holding Roca Industry (ROC1.RO), owned by ROCA Investments, has budgeted net profit of RON6.3 million, EBITDA of RON65.5... more
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Transgaz Set To Distribute RON66M Dividends From Its 2023 Profit
03.21.2024
Natural gas transmission company Transgaz (TGN.RO) has called its shareholders to approve, among others, the distribution of RON66 million as... more
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Rompetrol Well Services Set To Pay Out RON11.8M Worth Of Dividends From Its 2023 Profit
03.20.2024
Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has called its shareholders to approve, among others, the... more
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Simba Invest Eyes 10% Turnover Growth In 2024
03.20.2024
Bacau-based Simba Invest, a major consumer goods wholesaler locally, targets an increase of at least 10% in turnover compared to 2023, to almost... more
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Biofarm Seeks To Pay Out RON30.5M Worth Of Dividends From 2023 Profit
03.20.2024
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) has called shareholders to approve, among others, the distribution of RON30.5 million dividends... more
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RebelDot Ends 2023 With Over EUR11.6M Revenue, Up 40% YoY
03.20.2024
RebelDot, a Cluj-based software development company, ended 2023 with a turnover of over EUR11.6 million, at a group level, up 40% on the year,... more
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Görkem Oran Appointed General Manager Of Edenred Romania
03.20.2024
Edenred, a leading digital platform for services and payments and Romania’s leader in solutions for the employee benefits & engagement industry,... more
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Asbis Romania Sees Revenue Up 20% To $61.63M In 2023
03.20.2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe,... more
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Allianz-Tiriac Introduces Apple Pay And Google Pay Digital Payment Services
03.20.2024
Allianz-Tiriac has introduced the Apple Pay and Google Pay digital payment services which complement the initiatives of simplifying and optimizing... more
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PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
03.20.2024
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a... more
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PwC: 37% Of Romanian CEOs Believe Their Companies Need To Reinvent Their Business Model To Survive In Next Decade
03.20.2024
The percentage of Romanian CEOs who believe their organizations will need to reinvent their business model to survive in the next decade has risen... 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.