CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
yesterday, 10:00
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation rate will average 5.46%, the lowest level since November 2021.
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Exclusive Networks Romania Appoints Bogdan Ciobanu CEO
yesterday, 19:22
Exclusive Networks Romania, the local subsidiary of the French group by the same name, announces the appointment of Bogdan Mircea Ciobanu to the... more
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Retele Electrice Muntenia Set To Complete Upgrades At Obor And Filaret Transformer Stations In Bucharest By End-2024
yesterday, 16:15
Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, aims to complete the modernization of the Obor and Filaret... more
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CMS Advises PPC On Completion Of Acquisition Of 84 MW Operational Wind Farm In Romania
yesterday, 15:54
International law firm CMS has advised PPC Renewables on the successful completion of their acquisition in Romania of an 84 MW operational wind... more
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Retele Electrice Muntenia Completes Modernization Of North Power Station In RON70M Investment
yesterday, 15:24
Retele Electrice Muntenia company (part of the PPC Group, formerly named E-Distributie Muntenia) has finalized the modernization works for the... more
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Deloitte: More Than Half Of Workers Around The World See Work Stress As Their Top Concern
yesterday, 14:50
More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human... more
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Fuel Wholesaler JT Grup Oil Completes Infrastructure Works for Future Oil Product Terminal, a EUR25M Project
yesterday, 11:44
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has finalized the first stage for the development of an oil... more
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Eurostat: Romania Ranks 21st Among the 27 EU Member States by GDP Per Capita, Ahead of Hungary, Croatia, Slovakia, Latvia, Greece, Bulgaria
yesterday, 11:08
Romania ranks 21st among the 27 EU member states in terms of GDP per capita expressed in purchasing power, respectively 22% below the EU average,... more
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BVB Expects RON12.6M Net Profit in 2024, with 31% Net Margin
yesterday, 09:26
The Bucharest Stock Exchange, the operator of the Romanian capital market, has budgeted RON12.6 million net profit for this year, below the RON21.8... more
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SIF Muntenia Becomes Longshield Investment Group
03.26.2024
SIF Muntenia (SIF4.RO) on Tuesday notified the Bucharest Stock Exchange that the Financial Supervisory Authority (ASF) had approved the... more
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JYSK Opens Two New Stores In Bistrita And Husi, Grows To 140 In Romania
03.26.2024
Scandinavian home furnishing retailer JYSK continued expansion in Romania by opening two new stores in Husi and Bistrita this week for a total of... more
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Prospectiuni Bucuresti Wants To Go To UAE
03.26.2024
Geological surveying company Prospectiuni Bucuresti (PRSN.RO), mostly held by businessman Ovidiu Tender and SIF Muntenia, has called shareholders... more
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Private Pension Fund Metropolitan Life Increases Stake In MedLife To 5.1%
03.26.2024
Private medical service provider MedLife (M.RO) notified the Bucharest Stock Exchange on Tuesday that the private pension fund Metropolitan Life... more
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Romania Private Lending Up 4.9% YoY To RON383B In February 2024
03.26.2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March... more
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International Law Firm CMS Assists Ford Otosan Romania in Getting EUR435M Funding
03.26.2024
International law firm CMS assisted carmaker Ford Otosan Romania in obtaining a EUR435 million financing from a bank syndicate. more
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CreditAmanet Continues Expansion on International Market of Pre-Owned Luxury Goods
03.26.2024
CreditAmanet, a a Romanian-held provider of pawnbroking and money exchange services, is expanding further on the international market via the... more
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Meta Estate Trust Posts RON9.47M Net Profit, Up 46%, RON12.38M Turnover, Up 20% in 2023 YOY
03.26.2024
Real estate holding Meta Estate Trust in 2023 registered RON9.47 million net profit, up 46%, and RON12.38 million turnover, 20% higher than in 2022. more
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Ford Otosan Romania Borrows EUR435M to Fund Ford Transit Courier and Ford Tourneo Courier, Launch New Ford Puma Model
03.26.2024
Ford Otosan Romania, a subsidiary of Turkey’s Ford Otosan, has sealed a 7-year loan agreement worth EUR435 million with a bank syndicate to... more
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Simtel Team Aims for 35% Operating Revenue Growth, 28% Net Profit Increase in 2024
03.26.2024
Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, in 2024 targets, at a consolidated level, RON394.3... more
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Mobexpert Leases 1,400 Sqms of Warehousing Spaces in Oresa Industra Park of Iasi
03.26.2024
Furniture retailer Mobexpert is expanding its logistics and warehousing operations by leasing 1,400 square meters in logistic park Oresa Industra... more
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Banca Transilvania Targets RON3B Net Profit in 2024, Up 20% YOY
03.26.2024
Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase... 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.