Romania’s Current Account Deficit Rises 71% YoY to EUR12.2B in H1
08.12.2022
Romania's current account balance posted a deficit of EUR12.2 in January-June 2022, higher by almost 71% on the EUR7.2 billion in the year-ago period, central bank data published on Friday (August 12) show.
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Farmaceutica Remedia Profit Drops to RON3.7M in H1 08.12.2022
Pharmaceutical wholesaler Farmaceutica Remedia (RMAH.RO) ended the first six months of the year with a net profit of RON3.7 million, down 12% from... more
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Aerostar Bacau Sees Net Profit Rise 36% to RON48.8M in Jan-June 08.12.2022
Aerostar Bacau (ARS.RO), a manufacturing and maintenance company in the aviation industry, made net profit of RON48.8 million in the first half of... more
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Automotive Component Maker Compa Sibiu Net Profit Shrinks to RON4.7M in H1 08.12.2022
Automotive components manufacturer Compa Sibiu (CMP.RO) ended the first half of 2022 with a net profit of RON4.7 million, down 73.3% compared with... more
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Transelectrica Net Profit Shrinks 73% to RON28M in H1 08.12.2022
Transelectrica (TEL.RO), the operator of the national energy transmission system, ended the first half of the year with a net profit of RON28... more
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Digi Posts EUR731M Revenue and EUR30.5M Net Profit in H1 08.12.2022
Telecom operator Digi Communications (DIGI.RO) recorded total revenue of EUR731.1 million in the first half of 2022, up 20% compared with the... more
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ROCA Industry in Talks to Buy 77.5% in Lithuania’s Iranga Technologies 08.12.2022
Bico Industries, a subsidiary of ROCA Industry, a holding company established by ROCA Investments under the name of Holdingrock1 at the Trade... more
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Romgaz Ends H1 with RON1.7B Net Profit 08.12.2022
Romgaz (SNG.RO), a state-owned natural gas producer and supplier, posted RON1.7 billion net profit in the first half of 2022, an increase of 127%... more
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Nuclearelecrica’s Net Profit More Than Triples to RON1.2B in H1 08.12.2022
Nuclearelectrica (SNN.RO), Romania's only nuclear power producer, ended the first half of 2021 with a net profit of RON1.2 billion, up 216%... more
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Coffee Shop Chain Tim Hortons Posts First Jobs Ads in Romania 08.12.2022
Canadian coffee shop chain Tim Hortons has posted its first job ads for Romania, a move that could indicate the group is preparing to arrive in the... more
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Gral Medical Set to Invest RON24M in Two Hospitals in Craiova and Pitesti 08.12.2022
Gral Medical, the sixth largest player in the private medical services market by revenue, has two sites in Craiova and Ploiesti ready for two... more
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Three-Month ROBOR Down to 7.98% on August 12 08.12.2022
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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Heraeus Sees Revenue up 28% to RON291.1M in 2021 08.12.2022
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, posted revenue of RON291.1 million... more
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Germany’s Knauf Insulation Plans RON648M Investment in Romania 08.12.2022
Insulation materials manufacturer Knauf Insulation, part of Germany’s Knauf Group, has applied for RON90 million state aid, which would be part... more
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Five Best-Selling Mineral Water Brands Reach Almost 80% Market Share in Romania 08.12.2022
The five best-selling bottled mineral water brands in Romania had a combined market share of 78.7% by value last year, data from market research... more
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Four of Top Ten Automotive Companies in Romania Plan RON1.7B Investments 08.11.2022
Star Assembly, Pirelli Tyers Romania, Continental Automotive Systems and Dacia Automobile, four of the ten largest players in the automotive sector... more
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Finance Ministry Raises RON938M via Bonds, RON454M via T-Bills on Aug 11 08.11.2022
Romania's Finance Ministry on Thursday reopened a bond issue due in February 2029 and borrowed RON938.5 million from banks, three times more than... more
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Raiffeisen Bank Raises RON500M from Sustainability Bond Issue 08.11.2022
Raiffeisen Bank has placed a new corporate bond issue in lei, the bank's fourth eligible bond issue (MREL) and the first sustainable bond series,... more
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THR Marea Neagra Reports RON15.2M Net Loss For 1H/2022 08.11.2022
Romanian company THR Marea Neagra (EFO.RO), which manages 11 hotels and restaurants in seaside resorts, reported a net loss of RON15.2 million for... more
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Romanian Startup Parol Raises EUR450,000 In Pre-Seed Funding Round 08.11.2022
Romanian startup Parol, which is developing an end-to-end technology that helps doctors and medical clinics provide better care to patients, saving... more
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Transelectrica And Moldelectrica Sign Contract For Commercial Exchange Of Electricity Between Romania And Moldova 08.11.2022
Transport and System Operators (OTS) Transelectrica and Moldelectrica on Thursday (August 11) signed a contract that will allow the allocation of... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?