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
03.27.2024
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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Banca Transilvania To Repurchase Shares Worth Maximum RON60M
03.20.2024
Banca Transilvania (stock symbol: TLV), the largest lender in Romania, by assets, has announced that its Board of Directors decided on March 19,... more
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CEC Bank Climbs To 3rd Place Among Lenders in Romania, Outranks BRD
03.19.2024
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by... more
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Omniasig Reports Gross Written Premiums Of RON2.4B For 2023, Up 12% YoY
03.19.2024
Omniasig, the largest company in the local portfolio of Austria's Vienna Insurance Group (VIG), ended 2023 with an increase of 12% in gross written... more
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Leonardo Badea (Central Bank): Perspectives For Development And Consolidation Of Financial System Of Republic Of Moldova
03.19.2024
On March 19, the closing event of the twinning project financed by the European Union “Consolidation of supervision, corporate governance and... more
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Meta Estate Trust Announces Two Recent Transactions
03.19.2024
Meta Estate Trust (stock symbol: MET), a holding company active in the real estate sector, announced in a stock market report on March 19 that it... more
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MedLife Supplements Syndicated Loan By EUR50M To Total Value Of EUR268M
03.19.2024
Private medical services operator MedLife announced on March 19 the signing of the addendum regarding the increase of the credit limit by an... more
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Sphera Franchise Group Restructures Pizza Hut Operations In Romania To Return To Profit
03.19.2024
Pizza Hut restaurant chain held by Sphera Franchise Group in Romania, which also holds the KFC and Taco Bell franchises, underwent a significant... more
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OMV Petrom Budgets RON5.2B Net Profit In 2024
03.19.2024
OMV Petrom (SNP.RO), the largest oil company in Romania, has budgeted RON5.2 billion net profit for 2023, an increase of 31% on the 2023 figure,... more
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EY Romania Expands Team Of Partners With Sebastian Popescu
03.19.2024
EY Romania is expanding its team of partners by recruiting Sebastian Popescu, who has also taken over the coordination of the consulting services... more
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Delgaz Grid Continues Investments In Upgrading Electricity Networks In Suceava
03.19.2024
Delgaz Grid continues its investments in smart meters and the modernization of electrical networks in Suceava (northern Romania). more
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Organic Fertilizer Producer Norofert Starts Building Production Unit in the US
03.19.2024
Norofert, a local producer of organic inputs for agriculture, has started the construction of an input production line in Watertown, South Dakota,... more
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CTP Contracts EUR200M Syndicated Loan to Expand CTPark Bucharest Project
03.19.2024
CTP, continental Europe’s largest listed developer and administrator of industrial and logistic spaces, has signed for a syndicated loan facility... more
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CEC Bank Reports RON515M Estimated, Unaudited Net Profit, Up 15% for 2023
03.19.2024
CEC Bank, a lending institution controlled by the Romanian state via the Finance Ministry, in 2023 registered an estimated unaudited net profit... more
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Colliers: Number of Romanian Tourists Choosing Local Destinations in 2023 Nears Record High; Foreign Visitors Still around 25% Below Pre-Pandemic Level
03.19.2024
The hotel sector continued its rebound in 2023, with a sustained increase in leisure tourism, with the number of Romanian tourists accommodated in... more
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Romania's Central Bank Approves Appointment Of Valentin Vancea As CEO Of Patria Bank
03.19.2024
Patria Bank (stock symbol: PBK) has informed investors in a stock market report on March 18 that Romania's National Bank approved the appointment... more
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Three-Month ROBOR Returns To 6.08% Level After Edging Down To 6.07%
03.19.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Hexing Technologies Europe Leases 8,000 Sqm In Globalworth Timisoara Industrial Park
03.18.2024
Hexing Technologies Europe SRL, a subsidiary of Hexing Group, a provider of green energy solutions, listed at the Shanghai Stock Exchange, has... more
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Inditex Group Sees 23% Increase In Pre-tax Profit In Romania In 2023
03.18.2024
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted... more
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Finance Ministry Raises RON807M From Banks On March 18, 2024
03.18.2024
Romania's Finance Ministry raised RON807 million from banks on Monday (March 18, 2024), selling benchmark bonds with a scheduled value of RON600... more
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Stay Fit Gym Plans To Grow To 55 Gyms In Romania By End Of 2025
03.18.2024
Gym network Stay Fit Gym, one of the largest actors on this market in Romania, plans to develop fast in the next two years. It seeks to go from 35... 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.