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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Competition Watchdog Okays Zabka Acquisition of Majority Stake in DRIM Daniel Distributie FMCG
04.10.2024
Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take... more
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Comes Savinesti Targets EUR26M Turnover in 2024
04.10.2024
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas... more
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Top 10 Bucharest Stock Exchange Brokers Handle RON7.6B Worth of Deals in Q1/2024
04.10.2024
The ten most active stock brokers at the Bucharest Stock Exchange handled together deals worth RON7.6 billion in the first three months of 2024, up... more
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Betfair Romania Development Seeks To Hire 300 People By End-2024
04.10.2024
Betfair Romania Development, the software development and shared services center in Cluj-Napoca of the Flutter Entertainment Group- an Irish... more
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Benvenuti Expects Flat Or Slightly Higher Sales In 2024
04.09.2024
Romanian-held footwear retailer Benvenuti expects business to stagnate or grow slightly in 2024 compared with last year, when the company posted... more
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Carmistin Group's Employee Numbers Up 1.5-Fold In Three Years
04.09.2024
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has reached a total 3,675 employees in April 2024,... more
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New Car Registrations Down 26% In March 2024
04.09.2024
New car registrations fell 26% to 9,156 units in March 2024 compared with March 2023, police data show and the decline also affected electrified... more
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Transelectrica Announces EUR56M Contract Financed Via National Recovery And Resilience Plan
04.09.2024
Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on April 9 that it signed with the... more
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5 To Go Set To Enter Bulgaria, Expand To 650 Coffee Shops In Romania In 2024
04.09.2024
Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three... more
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Prysmian Invests EUR23M In New Production Line At Its Slatina Plant
04.09.2024
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, at end-February 2024 started works on a... more
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European Commission Okays Reintroduction of Romania EUR2.5B State Aid Scheme
04.09.2024
The European Commission has approved the reintroduction of Romania’s EUR2.5 billion state aid scheme meant to support enterprises in the context... more
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Arctic Changes Name To Beko Romania
04.09.2024
Arctic S.A., the largest home appliances manufacturer in Romania, which has two plants in Dambovita County, is changing its name to Beko Romania. more
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Deloitte: Most Business Leaders In Romania Believe NRRP Will Contribute To Local Economy’s Competitiveness In Next 5 Years
04.09.2024
Three quarters of Romanian business leaders (75 percent) believe that the reforms and investments made through the National Recovery and Resilience... more
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Statistics Board's Final Data: Romania's Economy Grows 2.1% In 2023 vs 2022
04.09.2024
Romania ended 2023 with gross domestic product (GDP) of RON1,605 billion (EUR321 billion), higher by 2.1% compared to 2022, in line with data... more
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Romania’s Trade Deficit Narrows 5.2% YoY To EUR4.1B In January-February 2024
04.09.2024
Romania's trade balance posted a deficit of EUR4.1 billion in January-February 2024, lower by 5.2% compared to the same period of 2023, data from... more
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Altius Leases 5,400 Sqms in ELI Park 4
04.09.2024
Altius, a veterinary medicine company controlled by Marius Diaconu, together with PetMart, a business operating on the segment of online wholesaler... more
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Teilor Holding Adds Sustainable Jewelry Brand to Portfolio
04.09.2024
Teilor Holding SA, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance... more
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Awin Global Seeks to Hire Specialists for New Palas Iasi Office
04.09.2024
Awin Global, a company that manages a global martech platform, is expanding its office of Palas Iasi compound and is carrying out a recruitment... more
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Law Firm Filip & Company Assists Digi Spain in Sale of FTTH Network to Consortium of Several Investors
04.09.2024
Filip & Company team assisted DIGI Spain Telecom S.L.U. in the deal sealed with Sota Investments Spain OpCo, S.L.U., a company controlled by a... more
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OMV Petrom Hydrocarbon Output Down 4% in Q1/2024 vs Q1/2023
04.09.2024
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q1/2024 reached 111,700 barrels of oil equivalent... 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.