Three Most Profitable Banks In Romania Account For About 50% Of Entire Banking System Profit In 2023
04.17.2024
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
-
Finance Ministry Raises RON580M From Banks On April 11
04.11.2024
Romania's Finance Ministry raised RON580 million from banks on Thursday (April 11, 2024), selling benchmark bonds, above the planned value of... more
-
C&W Echinox: Companies In Bucharest Spend On Average EUR943 Per Sqm Of Office Fit-Out, Among Lowest In CEE
04.11.2024
Bucharest's average office fit-out costs are among the lowest in Central and Eastern Europe (CEE) despite increasing by around 15-20% during the... more
-
Romania's Annual Inflation Drops To 6.6% In March 2024
04.11.2024
Romania's annual inflation decreased to 6.6% in March 2024, compared to 7.2% in February 2024 and 7.4% in January 2024, data from the country's... more
-
Chimcomplex Borzesti Cuts Allowances of Board of Directors Members, Directors, Will Not Grant Dividends in 2024
04.11.2024
Chemical compound Chimcomplex Borzesti has announced approval of the "Precautionary Measures and Accelerated Development Plan" for 2024, which... more
-
Terapia Has EUR25M Investments Earmarked for Cluj Plant
04.11.2024
Dragos Damian, CEO of Terapia Cluj, announced in an interview with ZF the company has over EUR10 million worth of investments underway in new... more
-
Freshful Ends 2023 with almost EUR100M Turnover, Aims for 50% Growth in 2024
04.11.2024
Freshful, eMAG’s online hypermarket, ended 2023 with turnover worth almost EUR100 million, according to Andrei Popescu, general manager of... more
-
Cable Maker RCB Electro 97 Sees Net Profit Slide by 30% in 2023, To RON9.28M
04.11.2024
Electric cable producer RCB Electro 97 of Bistrita, controlled by entrepreneurs Calin Onita and Francisc Kontra, for 2023 reported turnover worth... more
-
DAAS Ends 2023 With EUR50M Turnover, Similar To 2022 Level
04.11.2024
Local company DAAS, one of the leading suppliers of equipment for hotels, restaurants and food stores, held by Italian group EPTA, ended 2023 with... more
-
Oltean Family Eyes Nearly EUR59M Turnover In 2024 For Maviprod-IRUM Group
04.11.2024
The Oltean Family from Reghin, which owns the Maviprod-IRUM group of companies, targets a consolidated turnover of almost EUR59 million in 2024, up... more
-
Ferma Zootehnica Eyes Turnover Of Nearly EUR54.4M In 2024
04.11.2024
Integrated meat and meat products manufacturer Ferma Zootehnica, controlled by Lazar family, targets a turnover of almost EUR54.4 million in 2024,... more
-
Chimcomplex Appoints British Steve Hunt As Chief Executive Officer
04.11.2024
The Board of Directors of chemical compound Chimcomplex Borzesti (stock symbol CRC), the leading producer and supplier of vital chemical substances... more
-
HiSky To Operate Flights From Oradea Airport
04.10.2024
Airline HiSky will operate five flights per week on the Oradea-Bucharest route and back, and three flights per week on the Oradea-London route and... more
-
Retailer Auchan Launches New Discount Concept, Opens First Hypermarket Under Atac Brand In Brasov
04.10.2024
Retailer Auchan is opening the first discount hypermarket under the Atac brand, in Romania's central city of Brasov. more
-
System Innovation Romania's Turnover Up 21.5% YoY In 2023, To Over EUR2.6M
04.10.2024
Romanian company System Innovation Romania, an integrator of end-to-end business software solutions and a partner of SAP Business One locally, saw... more
-
Cismigiu Hotel Budgets 3% Growth In 2024
04.10.2024
The four-star Cismigiu Hotel in Bucharest, one of landmark buildings of the city, held by Spain’s Hercesa, has budgeted for 3% higher revenue for... more
-
Online Florist Floria See Sales Up 5% In Q1, Expects 15% Growth Over Orthodox Palm Sunday And Easter
04.10.2024
Floria.ro, one of the largest online flower stores in Romania, posted sales of more than EUR900,000 in the first quarter of this year, up 5%... more
-
54% Of Space Leased By Transilvania Constructii Clients Is Used For Warehousing And Distribution
04.10.2024
More than half (54%) of the total area leased by the Cluj-based company Transilvania Constructii in the TRC Parks logistics projects it develops... more
-
Cristian Sporis Re-elected President Of AmCham Romania
04.10.2024
Cristian Sporiş, Vice-President, Head of Corporate Banking at Raiffeisen Bank Romania, has been re-elected President of AmCham Romania for a new... more
-
Marelvi Extends Lease Contract For Warehouse In MLP Bucharest West
04.10.2024
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, had its lease contract extended for a space... more
-
EBRD, Bucharest Stock Exchange And VERTIK Announce Completion Of Investor Relations And Liquidity Support Program
04.10.2024
The European Bank for Reconstruction and Development (EBRD), the Bucharest Stock Exchange (BVB), and VERTIK have announced on April 10, 2024 the... 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.