CFA Analysts Expect GDP Growth of 2.9% in 2022, See Leu at 5.11 Units/Euro, Annual Inflation At 9.5% in Next 12 Months

today, 10:31
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.
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Ted’s Coffee Due to Add Four New Units in 2022
yesterday, 09:40
Coffee shop chain Ted’s Coffee is set to open another four units in 2022, according to Vasi Andreica, the chain’s founder. more
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Invitation to participate in the audit tender process according to Article 16 of EU Regulation 537/2014 on specific requirements regarding statutory audit of public-interest entities of OMV Petrom SA
yesterday, 08:00
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Carrion Expedition Posts RON314M Revenue in 2021
yesterday, 00:00
Carrion Expedition, the Spanish-owned freight transport company based in Cluj-Napoca, posted RON314.3 million (EUR63.9 million) revenue in 2021,... more
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Automotive Part Maker VCST Back into the Black in 2021
06.27.2022
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, posted RON151.7 million revenue... more
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Grain Trader Agropec Dionis Revenue Rise 63% To EUR57M In 2021
06.27.2022
Grain trader Agropec Dionis ended 2021 with RON282.3 million (EUR57.4 million) revenue, up 62.6% on the RON173.6 million (EUR36 million) of 2020,... more
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Bos Automotive Products Romania’s Turnover Up 12% YoY To Over RON410M In 2021
06.27.2022
Car parts producer Bos Automotive Products Romania S.C.S, a subsidiary of Germany’s BOS GmbH&Co. KG, ended 2021 with a turnover of RON410.7... more
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Nuclearelectrica Places RON53.5M Term Deposit With Eximbank
06.27.2022
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount... more
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Vimetco Extrusion, ALRO’s Downstream Subsidiary, Opens New Automatic Line For Aluminium Profiles In EUR10M Investment
06.27.2022
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announced on June 27 that Vimetco... more
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Medima Health Opens New Clinic In Braila In EUR1.5M Investment
06.27.2022
Medical operator Medima Health, specialized in medical imaging and radiology, has opened a medical imaging clinic in Braila following an investment... more
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Romania Private Lending Grows 16.5% YoY To RON345.2B In May 2022
06.27.2022
Private lending in Romania grew by 16.5% in nominal terms (1.8% in real terms) to RON345.2 billion in May 2022 compared to May 2021, as local... more
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Delgaz Grid To Invest EUR4.3M In Upgrade Works On Vicov Transformer Station
06.27.2022
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, has attracted EUR2.4 million in EU funds from... more
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Finance Ministry Raises RON1.44B From Retail Investors Via New FIDELIS Government Bonds Offer
06.27.2022
Romania’s finance ministry listed four new issues of FIDELIS government bonds totaling over RON1.44 billion, on Monday (June 27). The four issues... more
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Dacia Plant Eyes RON70M Turnover In 2022
06.27.2022
Dacia Plant, which specializes in manufacturing food supplements and tea, overshot the RON50 million turnover mark in 2021 after a 24%... more
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Leier’s Four Romanian Plants Generate Combined Revenue Of RON286M In 2021
06.27.2022
The four building materials factories in Romania of Austrian Leier Group generated combined revenue of RON286 million in 2021. more
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US President Joe Biden Announces $14M Grant for Romania’s SMR Project
06.27.2022
US President Joe Biden at the G7 Leaders’ Summit on Monday announced allocation of a $14 million grant under the Partnership for Global... more
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Former Cisnadie Carpet Factory in Sibiu Turns into Retail Park
06.27.2022
Real estate developer Zacaria, part of international Alf Mizzi & Sons group, is to open a retail park in Cisnadie, Sibiu County, in the second half... more
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Farmaciei Tei Opens Its 7th Unit, In Bucharest's Metav Industrial Park
06.27.2022
Retail pharmacy chain Farmacia Tei, a business set up by entrepreneur Roxana Maftei, reaches seven units after opening a new pharmacy in northern... more
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Ericsson’s Romanian Division Reports Net Profit Of Nearly RON22M For 2021, Up 45% YoY
06.27.2022
The Romanian subsidiary of Sweden’s Ericsson, one of the world’s biggest suppliers of equipment, software and services for telecom operators,... more
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Three-Month ROBOR Starts June 27-July 1 Week On Upward Trend; Grows To 6.26%
06.27.2022
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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Photosetup Turnover Soars 63% In 2021, Overshoots RON12M Mark
06.27.2022
Simus Trading, the company operating photo and video equipment store Photosetup, saw its turnover surging by 63% in 2021 to RON12.1 million, in... 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?