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.
-
Cristian Secosan Re-appointed For New Term As Head Of Foreign Investors Council
06.23.2022
Cristian Secosan, General Director of Delgaz Grid Romania, was re-elected for a new term as president of the Foreign Investors Council (FIC). more
-
Softbinator Technologies Fully Acquires E-spres-oh
06.23.2022
Softbinator Technologies, a Romanian software company founded by Daniel Ilinca, on Thursday announced the conclusion of a sale-purchase agreement... more
-
Bicycle Maker Eurosport DHS Posts EUR79M Revenue in 2021
06.23.2022
Bicycle manufacturer Eurosport DHS, controlled by Chinese and German investors, posted RON388.6 million (EUR79 million) revenue in 2021, up 16%... more
-
AROBS Transilvania Sets Off Share Buyback Program Worth RON32.8M Tops
06.23.2022
The management of technology company AROBS Transilvania Software (AROBS.RO) on Thursday (June 23) informed the market about the start of the... more
-
ING Bank Granted Over EUR25M Investment Loans To Boromir Group In Last Three Years
06.23.2022
ING Bank Romania has granted investment loans worth over EUR25 million over the last three years to Boromir, the largest Romanian-held business in... more
-
Coface Revises Downwards The Evaluation Of 19 Countries, Of Which 16 In Europe
06.23.2022
Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global... more
-
Nuclearelectrica Makes Nearly RON400M Term Deposit With CEC Bank
06.23.2022
Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON393.35 million, the... more
-
Poland’s Asseco Acquires Romanian Company Bithat Solutions
06.23.2022
ASEE, the largest IT company in Southeast Europe (SEE), part of ASEE Group (Asseco Group) is acquiring Romanian company Bithat Solutions, which... more
-
Wine Producer Crama La Salina Lists Its First Bond Issue Worth EUR2M
06.23.2022
Wine producer Crama La Salina is listing its first bond issue, worth EUR2 million, under the stock ticker ISSA26E, on the Multilateral Trading... more
-
Vodafone Kicks Off Business Repositioning Plan
06.23.2022
Vodafone, a major player on Romania’s fixed and mobile communications market, has started a business model redesign program, which envisages the... more
-
France’s Lagardère Travel Retail Plans to Open 30 New Stores in Romania By Yearend
06.23.2022
French group Lagardère, present in Romania via Travel Retail, Lagardère Travel Retail, active in the travel retail sector, plans to open 30 new... more
-
Apcom Distribution, Sole Apple Authorized Distributor in Romania, Sees Turnover Boom in 2021
06.23.2022
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out... more
-
Albalact 2021 Turnover Up 11% To RON848M YOY
06.23.2022
Albalact, the largest company in Romania’s dairy sector and part of Lactalis Romania group, in 2021 reached RON848.7 million turnover, up 11%... more
-
Four-Star Nyota Hotel of Mamaia Projects 10% Turnover Growth in 2022
06.23.2022
Four-star Nyota Hotel & Conference Center of Mamaia, with a capacity of 73 accommodation places, has budgeted 10% higher turnover for this year. more
-
MedLife Micromedica Set to Open EUR1.8M Clinic in Bacau
06.23.2022
Micromedica, set up in 1995 and taken over in 2019 by MedLife, the biggest player on Romania’s private healthcare market, plans to open a clinic... more
-
AAylex One Expects to Overshoot RON1B Revenue Mark in 2022
06.22.2022
Meat industry company AAylex One expects RON1.3 billion revenue in 2022, 53% more than in 2021. more
-
Furniture Maker Iris Service Ciuc Doubles Its Net Profit YoY To RON13.5M In 2021
06.22.2022
Romanian furniture manufacturer Iris Service Ciuc, held by entrepreneur Negru Petru, on Wednesday said it ended 2021 with a turnover of RON143.8... more
-
Savencia’s Delaco Distribution Revenue up to EUR90.6M in 2021
06.22.2022
Delaco Distribution, a company owned by French group Savencia Fromage & Dairy, posted RON445.7 million (EUR90.6 million) revenue in 2021, up 11%... more
-
Romania SME Guarantee Fund Reports 7% Higher Net Profit, Of RON34.5M, For 1Q/2022
06.22.2022
Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) on Wednesday said it had a net profit of RON34.5 million in the... more
-
Certion Inaugurates Moussay Olimp Beach Club Project In Olimp Resort In Over EUR500,000 Investment
06.22.2022
Romanian company Certion, which develops real estate projects in local seaside and mountain resorts, has inaugurated the Moussay Olimp Beach Club... more

Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
more
The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
more
One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
more
House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
more
Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
more
Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
more
CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
more
Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
more
Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
moreAnalysis
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?