Eurostat: Romania Recorded One Of Highest Government Debt To GDP Ratios In EU In 2023
yesterday, 20:59
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy, while its government debt to GDP ratio was lower than the EU average in the fourth quarter, despite having seen one of the highest annual increases, data from Eurostat, EU’s statistical office, published on Monday show.
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Tucano Coffee Shop Chain Plans To Open New Units In 2024, In Romanian Towns Of Bacau, Deva, Pitesti And Vaslui
04.15.2024
Tucano, a coffee shop network whose story began in the Republic of Moldova 12 years ago, plans to double its coffee shop chain in Romania, which... more
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Tomoroga Construct 2023 Turnover Surges By 70.5% YoY To Over RON36M
04.15.2024
Construction company Tomoroga Construct had a turnover of RON36.2 million (EUR7.3 million) in 2023, up 70.5% from RON21.2 million (EUR4.3 million)... more
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Airline Fly Lili To Introduce Flights From Brasov On June 15
04.15.2024
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating flights from Brasov-Ghimbav International Airport to Munich,... more
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MHP Consulting 2023 Turnover Doubles YoY To RON241M In 2023
04.15.2024
MHP Consulting based in Cluj-Napoca, a provider of IT services, part of Porsche Group, reported a turnover of RON240.7 million for 2023, up 50%... more
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Connections Consult Approves Distribution Of RON3.3M Dividends From Its 2022 And 2023 Net Profit
04.15.2024
Connections Consult (CC.RO), a digital transformation company listed on the AeRO market of the Bucharest Stock Exchange, has approved the granting... more
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Life Is Hard Raises RON10M From Investors Via Bond Issue
04.15.2024
Technology company Life is Hard (LIH.RO) has successfully completed its public offering of corporate bonds and closed the operation at a price of... more
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Eurostat: Romania, The Third Largest Oil Producer In The European Union
04.15.2024
The largest oil producers in the European Union in 2022 were Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons),... more
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Finance Ministry Raises RON512M From Banks On April 11
04.15.2024
Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of... more
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Meat Processor Angst Goes Insolvent
04.15.2024
Meat processor Angst Ro, held by the Minea family, has gone insolvent, data on the Bucharest Court of Law website show. more
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Clifford Chance Badea Assists PIB Group Europe In Deal Marking Group's Debut On Romanian Insurance Brokerage Market
04.15.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised UK-based PIB Group Europa, backed by global private... more
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Dr. Max Group Rakes In RON8.7B Turnover From Distribution and Pharmacies, Up 31% YOY
04.15.2024
Dr. Max Romania Group, which consists of pharmaceutical distributor Mediplus and Dr. Max pharmacy network, reached a consolidated turnover of... more
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Greece’s PPC Teams Up with Mytileneos Energy & Metals to Develop Solar Project Portfolio in Romania, Italy, Bulgaria and Croatia
04.15.2024
Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with... more
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Law Firm Filip & Company Assists Major One United Properties Shareholders in Sale of 234 Million Shares
04.15.2024
Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu... more
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Romanian Fashion Brand Ami Amalia Opens First Offline Store in Bucharest
04.15.2024
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is expanding its foothold with a first own offline store, set to be... more
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Czech Group Packeta Wants to Invest EUR5M in Romania in 2024
04.15.2024
Czech group Packeta, which operates the delivery platform of the same name, plans to invest EUR5 million in Romania this year, banking on the... more
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Four One United Shareholders Sell 234M Shares For RON216.9M On Friday
04.12.2024
Real estate developer One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential, office and... more
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Entrepreneur Who Sold Maravet To US Giant Buys Company In Hungary In Same Business
04.12.2024
Romanian businessman Ferenc Korporany, best known for selling the Maravet business to an American giant, has bought Hungary's WAF Kft, a company... more
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New Tezaur Treasury Bills Available As Of Monday April 15
04.12.2024
A new issue of Tezaur Treasury bills will become available on Monday, April 15, Romania’s finance ministry announced on Friday. more
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Romania’s Current Account Deficit Rises 25% To EUR2.7B In January-February 2024
04.12.2024
Romania's current account balance posted a deficit of EUR2.7 billion in January-February 2024, 25% higher than in the year-ago period, central bank... more
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One United Properties Set to Sell 9.5% of Capital via Private Placement
04.12.2024
Real estate developer One United Properties, controlled by Andrei Diaconescu and Victor Capitanu, will carry out an accelerated private placement... 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.