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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Aurelian Marin Acquires 4* Hotel In The Mamaia Seaside Resort
02.12.2024
Aurelian Marin, the owner of travel agency Paradis Tours and several hotels on the Romanian seaside, has acquired four-star Modern All Inclusive... more
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Finance Ministry Raises RON784M From Banks On Feb 12
02.12.2024
Romania's Finance Ministry raised RON784 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due... more
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Dorinel Umbrarescu Acquires Otelu Rosu Steel Plant From Caras Severin For EUR12M
02.12.2024
Dorinel Umbrarescu, the owner of construction firms UMB Spedition, Tehnostrade and SA&PE Construct, is acquiring liquid steel producer Otelul Rosu... more
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Niculae Havrilet Waives His Mandate Of Member In Supervisory Board Of OMV Petrom
02.12.2024
Niculae Havrilet has notified OMV Petrom with a waiver of his mandate as a member of the company's Supervisory Board, starting February 12, 2024,... more
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Vodafone Romania Teams Up With Sweden's Ericsson For 5G Network Deployment
02.12.2024
Vodafone Romania, one of the largest players on the local communications market, has concluded a strategic partnership for the implementation of... more
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Lowe Group Expands Top Management Team, Appoints Florina Varzariu As Chief Financial Officer
02.12.2024
Lowe Group, one of Romania’s largest marketing and communication groups, is strengthening its top management team by appointing Florina Varzariu... more
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Deloitte: Romania's M&A Market Slightly Lower By Volume In 2023, But Flat By Value Estimated At EUR6.5 -7.2B
02.12.2024
Romania's mergers and acquisitions (M&A) market decreased slightly by volume in 2023 compared to 2022, but maintained its value, being estimated at... more
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Cybersecurity Remains Top Risk For European Banks
02.12.2024
For the second consecutive year, the EY and Institute of International Finance (IIF) Bank Risk Management Survey finds that cybersecurity is the... more
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Romania Average Net Salary Up 6.6% In December 2023 vs November 2023
02.12.2024
The average net salary in Romania increased by 6.6% in nominal terms in December 2023 compared to November 2023, to 5,079 (EUR1.036), data from the... more
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Finance Ministry Launches New Edition of TEZAUR T-Bills Program
02.12.2024
The Finance Ministry starting Monday, February 12 launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population. more
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Over EUR800M Non-Reimbursable Funds Available for Companies for Green Energy Projects
02.12.2024
Companies will be able to access in the coming weeks non-reimbursable funds worth above EUR800 million for investments in green energy projects, to... more
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easySales Handles RON745.5M Orders in 2023, Up 75% YOY
02.12.2024
Local startup easySales, which which set up an automated B2B management and e-commerce platform, intermediated orders worth RON745.5 million in... more
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Finqware Posts Fourfold Turnover Increase in 2023
02.12.2024
Finqware, a Romanian fintech specializing in the treasury management automation, saw its turnover rise fourfold in 2023. more
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Law Firm Filip & Company Assists Banca Transilvania in OTP Bank Romania Acquisition for EUR347.5M
02.12.2024
Filip & Company team granted legal assistance to Banca Transilvania in the signing of documents for the acquisition of OTP Bank Romania, OTP... more
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TeraPlast 2023 Consolidated Turnover Down 5%, To RON672M
02.12.2024
Building materials producer TeraPlast Bistrita in 2023 registered RON672 million consolidated turnover, down 5%, while net profit dropped to RON1.1... more
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Sweden’s Lantmännen Unibake Adds EUR10M to Local Company’s Capital
02.12.2024
Lantmännen Unibake Romania, a major player on the local bakery market, got a capital injection of around EUR10 million from its parent company of... more
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World Mediatrans 2023 Turnover Slightly Down on 2022
02.12.2024
Timis-based freight carrier World Mediatrans, one of the most dynamic companies in the field, ended 2023 with EUR28 million turnover, slightly... more
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Bakery Maker Pambac Rakes in 4.6 Times Higher Turnover in 2023 YOY
02.12.2024
Pambac, a major player on the bakery and pasta market, ended 2023 with turnover worth around EUR293 million, over 4.6 times higher than in 2022, in... more
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International Hotel of Sinaia Ends 2023 with 15% Higher Turnover
02.12.2024
The four-star International Hotel of Sinaia, one of the biggest units of the mountain resort, ended 2023 with 15% higher turnover from the RON37.4... more
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Romania's Energy Regulator Confirms Total Fines Of RON537M For Four Companies In Local Energy Sector
02.10.2024
Romania's energy regulator ANRE confirmed in a press statement on Friday (Feb 9) that it had fined four companies operating in the local energy... 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.