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
today, 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%.
-
Grain Trader Belor Ends 2023 with EUR54M Turnover
01.23.2024
Belor Romania, part of Germany’s Belor Eurofert GmbH, ended 2023 with EUR54 million turnover. more
-
Temad Invests EUR5M in 7,000-Sqm Warehouse
01.23.2024
Brasov-based building materials wholesaler Temad in 2023 started designing a new 7,000-sqm logistic center in Bartolomeu area of Brasov, in which... more
-
Gusto Puffs Maker Ends 2023 with Record Sales Growth
01.23.2024
PheonixY, the producer of Gusto puffs, ended 2023 with 30% higher revenues on the year, a historic increase for the Prahova-based business. more
-
Glissando Garden Readies to Start Trading on AeRO Shortly
01.23.2024
2024’s first stock listing on the Bucharest Stock Exchange is likely to take place in maximum three weeks with the launch of Glissando Garden,... more
-
Law Firm Noerr Announces Promotions In Its Bucharest Office
01.23.2024
Law firm Noerr has promoted five lawyers and consultants in the practice areas of M&A, competition, state aid, white collar crime, compliance &... more
-
World’s Largest MVNO Lyca Mobile Shut Down Romanian Operations
01.22.2024
World’s largest mobile virtual network operator (MVNO) Lyca Mobile, based in the UK, shut down its operations in Romania at the end of last year,... more
-
Nuclearelectrica Buys Bonds Issued By Banca Transilvania, In The Amount Of EUR17.5M
01.22.2024
The Board of Directors of Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has called its shareholders for a meeting on... more
-
Dolo Trans Olimp Expects 30% To 35% Growth In Revenue In 2024
01.22.2024
Road freight carrier Dolo Trans Olimp (DTO), held by entrepreneur Cristian Dolofan, posted EUR97 million revenue in 2023 and expects 30% to 35%... more
-
New Hotel Brand In Romania: Bucharest To Have Its First Handwritten Hotel
01.22.2024
Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the... more
-
Limitless Agency Ends 2023 With EUR4.25M Turnover, Up 31% YoY
01.22.2024
Limitless Agency, one of Romania’s main digital marketing agencies, ended 2023 with a turnover of EUR4.25 million, up 31% compared to the... more
-
Vitantis Shopping Center To Reach 100% Occupancy Soon
01.22.2024
Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment... more
-
Romgaz Makes RON30M Term Deposit With CEC Bank
01.22.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Jan.22) announced its shareholders in a stock market report that it opened a... more
-
Romanian Startup Aysa.ai Raises EUR150,000 From Software Developer Innovator Spark
01.22.2024
Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, launched in 2023 by entrepreneur Marius Dosinescu, said in a... more
-
Finance Ministry Raises RON343M From Banks On January 22, 2024
01.22.2024
Romania's Finance Ministry raised RON343 million from banks on Monday (January 22, 2024) selling bonds with a nominal value of RON500 million due... more
-
ACAROM: Romania’s Car Production Hits Record High YoY In 2023, To 513,050 Units
01.22.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a record high of 513,050 vehicles in 2023, 0.7% more than in 2022 and 22%... more
-
Orange Set To Gradually Phase Out 3G Technology Starting June 2024
01.22.2024
Orange Romania announces plans to gradually phase out the 3G network starting June 2024, which will allow the company to concentrate its efforts on... more
-
eMag Launches Shop-In-Shop For Pet Products
01.22.2024
Online retailer eMAG is launching a new online shop-in-shop, which is dedicated to pet products and groups more than 75,000 products from the... more
-
Statistics Board: Romania Had Lowest Prices For Food And Non-Alcoholic Drinks In The EU In 2022
01.22.2024
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU... more
-
C&W Echinox: Retailers Become More Demanding Than Ever Regarding Targeted Locations For New Store Openings
01.22.2024
After a period of three-four years in which real estate developers’ expansion plans were almost exclusively focused on retail parks, which... more
-
Deloitte: Cyber Risks, Climate-related Regulatory Actions, Rising Interest Rates Will Impact Most Real Estate Companies’ Financial Results In 2024
01.22.2024
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this... 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.