Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
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Romcarbon Signs Financing Contract For Photovoltaic Project Through National Recovery and Resilience Plan
01.11.2024
Plastic packaging maker Romcarbon (ROCE.RO) has signed a financing agreement with the Ministry of Energy for the implementation of an electricity... more
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Romgaz Makes RON50M Term Deposit With Exim Banca Romaneasca
01.11.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (Jan.11) announced its shareholders in a stock market report that it opened... more
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LUCA Opens Pastry Shop In Unirea Shopping Center In Bucharest
01.11.2024
Pastry shop chain LUCA is expanding with a new location right in the center of Bucharest, on the ground floor of the Unirea Shopping Center in... more
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European Commission Approves EUR126M State Aid Scheme For investments In Romania’s Ports
01.11.2024
The European Commission has approved a EUR126 million Romanian scheme to support investments in ports facing increased trade flows after Russia’s... more
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Car-Sharing Company Spark To Shut Down Operations In Romania On February 1, 2024
01.11.2024
Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via... more
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Finance Ministry Raises RON2.62B From Banks Via Two Bond Issues On January 11
01.11.2024
Romania's Finance Ministry raised RON2.62 billion from banks on Thursday (January 11), selling government paper in two auctions, at annual average... more
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KPMG: Romania’s Economy To Grow By 2.5% In 2024, Inflation To Reach 6.9%
01.11.2024
KPMG, one of the world’s largest audit and consulting companies, sees Romania’s economy growing by 2.5% in 2024, while inflation should reach... more
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eMAG Group Appoints Bogdan Vaduva As Group Chief Financial Officer
01.11.2024
Bogdan Vaduva, a former partner within KPMG Romania, has been appointed to the position of Group Chief Financial Officer of eMAG Group. more
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Bestjobs: Companies Will Be increasingly Selective In Recruitment In 2024 Amid The Need For Specialists
01.11.2024
The economic context of 2023 has massively mobilized candidates who are looking for better-paying opportunities that allow them to live... more
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Daniel Adam Appointed Chief Financial Officer Of Holde Agri Invest
01.11.2024
Farmland operator Holde Agri Invest (HAI.RO) announced in a stock market report on Thursday (Jan. 11) the appointment of Daniel Adam as the... more
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Traffic In Romanian Seaports Up 18% YoY To 71M Tons In 2023
01.11.2024
Over 92.5 million tons of freight went through Romanian seaports in 2023, an increase of 22.5% compared to 75.5 million tons recorded in 2022,... more
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Colliers: 2024 Likely to Be Good Year for Land Purchases
01.11.2024
The volume of deals with land plots for commercial real estate projects (industrial one and for and traditional warehouses) dropped by less than... more
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C&W: Real Estate Sector Pressures Set to Cool in 2024
01.11.2024
Macroeconomic uncertainties, consumption decline and borrowing costs, but also inflation evolution are the main factors due to impact the local... more
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Aquila Takes Over Parmafood Group for EUR16.5M
01.11.2024
AQUILA (symbol AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic... more
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Germany’s Optibelt Budgets over EUR88M Turnover at Maramures Plant
01.11.2024
Car parts maker Optibelt Power Transmission, the local subsidiary of German-held Arntz Optibelt, expects EUR88.3 million turnover in 2024 as the... more
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PayU Romania: Romania E-Commerce Market Hits EUR10B at End-2023
01.11.2024
Romania’s e-commerce market revolved around EUR10 billion at the end of 2023, of which 65% represents goods and products and 35% online services,... more
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Lidas Invests EUR80M in New Bakery Plant
01.11.2024
Lidas, controlled by entrepreneur Elena Anastase, which owns a bakery plant in Mineri, Tulcea, as well as its own store network, has already hired... more
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Businessman Claudiu Aron Eyes EUR3.5M Revenue From Organizing Events At K2 Alpin Complex In 2024
01.11.2024
Businessman Claudiu Aron, owner of Alpin 2003 company, which manages the Alpin Resort hotel compound in Poiana Brasov mountain resort, completed in... more
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ANA Hotels Poiana Brasov Expects 20% Growth YoY In January
01.10.2024
This year's ski season, which started earlier than last year, when it snowed as late as February, could bring growth for the hotel business in... more
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Knauf Insulation Expects To Have New Plant In Tarnaveni Operational This Year
01.10.2024
Knauf Insulation, a company that is conducting a EUR130 million investment in construction material production in Romania, expects to open its new... 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.