Romania Forex Reserves Shrink To EUR62.5B In April 2024
05.02.2024
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday (May 2, 2024).
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Romania Ends 2023 With 5.6% Unemployment Rate, Same As In 2022
04.19.2024
Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64... more
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INS: Romanian Construction Works Surge 53.7% On The Month In February 2024
04.19.2024
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... more
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Alfa Software Net Profit Surges 44% YoY To Over RON6.6M In 2023
04.18.2024
Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, reported net profit of over... more
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Melinda-Impex Instal Buys Two Rivals In Arad County
04.18.2024
Melinda-Impex Instal, a plumbing and sanitary ware distributor in Odorheiu Secuiesc, is buying Dennymona MG and Arnew Den in Arad County, according... more
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Arobs Transilvania Software To Carry Out Share Capital Increase
04.18.2024
The group of IT firms Arobs Transilvania Software (stock symbol AROBS) has informed the capital market regarding the decision of the Board of... more
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Builder CON-A Operations Doubles Profit To RON55.6M In 2023
04.18.2024
Construction company CON-A Operations in Sibiu, the main entity of the CON-A Group of entrepreneur Mircea Bulboaca, ended 2023 with about RON772.6... more
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Sphera Franchise Group Set To Pay Additional Dividend In 2024
04.18.2024
Sphera Franchise Group (stock symbol SFG), which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the... more
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B.D.G. Import Expands Portfolio By Partnering With William Grant & Sons
04.18.2024
B.D.G. Import, the only Romanian-owned company in the top three imported spirits businesses in the country, announces the addition of the William... more
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Competition Council Approves Takeover Of Stratum Energy Romania By Emma Lambda Limited
04.18.2024
Romania's Competition Council has approved the transaction whereby Emma Lambda Limited, Cyprus, intends to take over Stratum Energy Romania LLC,... more
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Finance Ministry Raises RON600.5M From Banks On April 18, 2024
04.18.2024
Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million... more
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BCR Launches George SmartEU To Ease Entrepreneurs' Access To Information About Financing Programs Via EU Or National Funds
04.18.2024
Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that... more
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Crosspoint Real Estate Promotes Oana Popescu To Partner
04.18.2024
Crosspoint Real Estate one of Romania’s leading real estate consulting agencies, has announced the recent appointment of Oana Popescu as Partner.... more
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Packeta Romania: Logistics and Shipping Costs, The Main Challenges For Romanian Online Stores When Selling Internationally
04.18.2024
Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest... more
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New Car Registrations in Romania Down 10.1% in Q1/2024 YOY
04.18.2024
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with... more
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Swisspod Technologies Seeks to Raise EUR200,000 on SeedBlink
04.18.2024
Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution... more
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Premier Energy Group Set to Launch IPO, Followed by BVB Listing
04.18.2024
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at... more
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Poultry Investment Budgets EUR80M Turnover for 2024
04.18.2024
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80... more
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Eurostat: Romania Posts Highest Annual Inflation Rate In The EU, Of 6.7%, In March 2024
04.18.2024
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical... more
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Elysian Software's 2023 Net Profit Doubles YoY To RON1.4M
04.18.2024
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover... more
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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... 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.