Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
05.16.2024
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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Finance Ministry Raises Nearly RON1.3B From Banks Via Two Bond Issues On May 16
05.16.2024
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average... more
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PENNY Romania Reports RON8.3B Turnover For 2023, Up 16% YoY
05.16.2024
Discount store chain PENNY Romania, held by Germany's Rewe Group, announced on Thursday (May 15) that it ended 2023 with a turnover of over RON8.32... more
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NEPI Rockcastle Gets 12.7% Uplift in Net Operating Income in Q1/2024, Has Plans to Invest EUR650M in CEE
05.16.2024
Real estate developer NEPI Rockcastle, the largest owner and manager of shopping centers in CEE, registered a 12.7% increase in net operating... more
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Storia: Brasov Saw Highest Rise In Old Apartment Prices, 21% YoY, In April 2024
05.16.2024
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price... more
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C&W Echinox: Bucharest Office Market Expanded Further in Q1/2024
05.16.2024
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the... more
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Delgaz Grid, Part Of E.ON Romania Group, Carried Out EUR177M Investments In 2023
05.16.2024
Delgaz Grid, part of the E.ON Romania Group, in 2023 carried out the largest investments of the last 18 years, which targeted the natural gas and... more
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CONFIDEX Survey Shows Increased Proportion Of Managers Optimistic About Romania's Economy
05.16.2024
The CONFIDEX index, which determines Romanian managers' confidence in the economy, shows that the proportion of managers who declare themselves... more
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RCS&RDS Changes Name To Digi Romania Effective May 15
05.16.2024
RCS & RDS, one of the leading providers of convergent electronic communication services in Romania, has announced that it has changed its name to... more
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Romcarbon Logs RON1.5M Net Loss in Q1/2024
05.16.2024
Plastic packaging producer Romcarbon ended the first three months of 2024 with a net loss of RON1.5 million at an individual level, from a positive... more
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Arctic Stream Reports RON2M Net Profit, RON30M Revenues in Q1/2024
05.16.2024
Arctic Stream, an IT security and infrastructure integrator, for the first three months of 2024 reported RON1.98 million net profit, down 10% from... more
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Patria Bank almost Triples Profit in Q1/2024, To RON8M
05.16.2024
Patria Bank in the first three months of 2024 recorded net profit worth RON8 million, up 171% from the year-earlier period. The result incorporates... more
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Chimcomplex Switches To RON7.4M Net Profit in Q1/2024 from RON8.3M Losses in Q1/2023
05.16.2024
Chemicals producer and supplier Chimcomplex switched to profit of RON7.4 million in the first three months of 2024, after a RON8.3 million loss in... more
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Romgaz Hires Biggest US Bank JPMorgan To Lead Bank Consortium Set to Handle Bond Sale on External Market
05.16.2024
Romania’s state-owned natural gas producer Romgaz has selected JPMorgan, America’s largest bank, to lead the bank consortium that will... more
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ProVision Software Boasts Highest Profit in 27-History in 2023: RON18M
05.16.2024
ProVision Software, the largest IT security solutions distributor locally, for 2023 reported the largest net profit in its 27-year history. more
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Fuchs Condimente 2023 Turnover Up 28% YOY
05.16.2024
Fuchs Condimente, the leader of the local spice and food ingredients market, ended 2023 with RON180 million turnover, up 28% from 2022. more
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Foreign Groups Eye New Romanian Market, of Tourism
05.16.2024
The local tourism market, dominated by Romanian entrepreneurs, is stirring the interest of major international travel groups. more
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BRK Financial Group Posts RON2.6M Net Profit From Core Business In Q1
05.16.2024
BRK Financial Group (BRK.RO), the only stockbroker listed on the Bucharest Stock Exchange, posted RON62,000 net profit in the first quarter of... more
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Gameloft Closes Cluj Studio After 14 Years
05.16.2024
Video game publisher and developer Gameloft Romania has announced the closure of its studio in Cluj, which employs 136 people. The Cluj studio... more
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Impact Developer & Contractor Reports RON7.5M Net Loss For Q1/2024
05.16.2024
Real estate developer Impact Developer & Contractor (IMP.RO), reported net loss of RON7.5 million for the first quarter of 2024, compared to loss... more
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Roca Industry Reports Cumulative Turnover Of RON141.5M For Q1/2024; EBITDA 63% Above 2023 Level
05.16.2024
ROCA Industry, the first industrial holding in Romania, specialized in construction materials, listed on the main market of the Bucharest Stock... 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.