INS: Romanian Construction Works Surge 53.7% On The Month In February 2024
yesterday, 00:08
In February 2024, the volume of construction works increased, in unadjusted data, by 53.7% compared to January 2024 and was up 17.5% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Thursday (April 18).
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Infinity Capital Investments Set To Sell Complex Hotelier Dambovita At Starting Price Of RON20M
01.12.2024
Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia) has announced in a stock market report on Friday (Jan 12, 2024) that it was... more
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TeraPlast Announces Completion Of Palplast Moldova Acquisition
01.12.2024
Building materials manufacturer TeraPlast Bistrita (TRP.RO) has informed the capital market in a report on Friday (January 12, 2023) about the... more
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Conpet Ploiesti Concludes RON106M Contract With OMV Petrom
01.12.2024
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) in a stock market report on Friday (January 12, 2024) announced the conclusion of an... more
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Statistics Board: Romania's Industrial Production Drops 4.7% YoY In November 2023
01.12.2024
Romania’s industrial production decreased by 4.7% in unadjusted data in November 2023 versus November 2022 due to drops recorded for the... more
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Romania's Current Account Deficit Shrinks 17% YoY To EUR20.2B In January-November 2023
01.12.2024
Romania's current account balance posted a deficit of EUR20.2 billion in January-November 2023, lower than the EUR24.3 billion level reported in... more
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PwC Assists Poland’s Zabka In Acquisition Of DRIM Daniel Distributie FMCG
01.12.2024
A team of transaction specialists of PwC Poland and PwC Romania assisted the Zabka Group, one of the largest grocery retailers in Poland in its... more
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Statistics Board Confirms Romania’s GDP Growth Of 1.1% For Q3/2023 And Of 1.4% For Jan-Sept 2023
01.12.2024
Romania's statistics board INS on Friday (January 12) confirmed the data regarding the country's economic growth in the third quarter of 2023, at... more
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Central Bank: Latest Estimates Point To Romania's Annual Inflation Rate Going Up In January 2024 And Then Resuming Its Gradual Decline
01.12.2024
The annual inflation rate posted a faster-than-expected decrease in the first two months of Q4/2023, falling to 6.72% in November, from 8.83% in... more
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Romanian Central Bank Further Keeps Key Rate Unchanged At 7% a Year For 8th Consecutive Time
01.12.2024
Romania's central bank has decided at its board meeting on Friday (January 12, 2023) to keep its benchmark interest rate on hold at 7% a year,... more
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Transgaz Completes Its Climate And Decarbonization Strategy
01.12.2024
With the support of the European Investment Bank (EIB), Romania's state-run natural gas transmission company Transgaz (TGN.RO) prepared the Climate... more
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Deloitte: Organizations Face Annual Losses In The Trillions Due To Fraud
01.12.2024
Although many organizations tend to see fraud incidents as rather unlikely, usually based on their trust in both employees and business partners,... more
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Romania Average Net Salary Up 1.6% In November 2023 vs October 2023
01.12.2024
The average net salary in Romania increased by 1.6% in nominal terms in November 2023 compared to October 2023, to 4,765 (EUR958), data from the... more
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Romania's Annual Inflation Keeps Downward Trend In December 2023, Ends Year At 6.6%
01.12.2024
Romania's annual inflation kept its downward trend in December 2023, ending the year at 6.6%, compared to 6.7% in November 2023 and 8.1% in October... more
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REI: Over EUR5B in Non-Reimbursable Funds Available to Companies in Romania in 1H/2024
01.12.2024
Companies in Romania have over EUR5 billion available in the first half of this year under the form of non-reimbursable funding schemes due to be... more
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ROCA Industry OKs Issue of over 14 Million New Shares in RON140.7M Private Placement in 2nd Stage of Capital Raise
01.12.2024
ROCA Industry, a building materials holding majority held by ROCA Investments, has approved the issue of more than 14 new shares within a private... more
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Emirates Wants to Hire More Romanian IT Specialists
01.12.2024
Emirates group, made up of Emirates Airlines, the world’s largest international airline, and dnata, a major global air services provider,... more
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IKEA Supplier IPEC Seeks to Hire 50 People at Alba Iulia Plant
01.12.2024
IPEC company, owned by Covaciu family, one of the main IKEA suppliers locally, currently has 50 jobs available at the porcelain plant of Alba Iulia. more
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Punctual Comimpex Budgets RON1.2B Turnover for 2024
01.12.2024
Cigarette wholesaler Punctual Comimpex owned by entrepreneur Vasile Muresan, has for 2024 budgeted turnover worth RON1.2 billion (EUR241.5... more
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Limitless Agency Eyes the US
01.12.2024
Limitless Agency, a digital marketing agency, wants to enter the US market in 2024, counting on platforms such as Google or Facebook, according to... more
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Cemacon Set to Continue Investments
01.12.2024
Building materials producer Cemacon says 2023 brought, for the second year in a row, a significant contraction of the market it operates on, mainly... 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.