Romania's Central Bank Further Holds Key Rate Steady At 7% a Year
today, 15:43
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's fourth consecutive rate freeze in 2024 and the seventh consecutive freeze in 2023.
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Sweden’s Lantmännen Unibake Adds EUR10M to Local Company’s Capital
02.12.2024
Lantmännen Unibake Romania, a major player on the local bakery market, got a capital injection of around EUR10 million from its parent company of... more
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World Mediatrans 2023 Turnover Slightly Down on 2022
02.12.2024
Timis-based freight carrier World Mediatrans, one of the most dynamic companies in the field, ended 2023 with EUR28 million turnover, slightly... more
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Bakery Maker Pambac Rakes in 4.6 Times Higher Turnover in 2023 YOY
02.12.2024
Pambac, a major player on the bakery and pasta market, ended 2023 with turnover worth around EUR293 million, over 4.6 times higher than in 2022, in... more
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International Hotel of Sinaia Ends 2023 with 15% Higher Turnover
02.12.2024
The four-star International Hotel of Sinaia, one of the biggest units of the mountain resort, ended 2023 with 15% higher turnover from the RON37.4... more
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Romania's Energy Regulator Confirms Total Fines Of RON537M For Four Companies In Local Energy Sector
02.10.2024
Romania's energy regulator ANRE confirmed in a press statement on Friday (Feb 9) that it had fined four companies operating in the local energy... more
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Central Bank: Romania Banking System Boasts Record High Profit Of Nearly RON14B In 2023, Up 34% vs 2022
02.09.2024
Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the... more
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Metropolitan Funds Exceed 5% Ownership Threshold In Private Medical Service Provider MedLife
02.09.2024
Private medical service provider MedLife (M.RO) has announced in a stock market report on Friday (Feb 9) that the funds Fondul de Pensii... more
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EIB And Deutsche Leasing Romania Team Up To Finance Romanian Businesses And Farmers
02.09.2024
The European Investment Bank Group (EIB Group) is expanding its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche... more
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DN AGRAR Announces Plans To Expand Production Capacities At Straja Farm
02.09.2024
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, announces the plans... more
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Banca Transilvania Officially Announces Acquisition Of OTP Bank Romania
02.09.2024
Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the... more
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Fortim Trusted Advisors: In 2024, Office Building Owners Will Focus On Refinancing And Lease Renegotiations
02.09.2024
In 2024, office building owners will face two challenges, namely, carrying out negotiations with banks to refinance outstanding loans in parallel... more
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European Commission Approves EU241M Aid For Romanian Farmers
02.09.2024
The European Commission approved on Friday (Feb 9) an aid scheme worth EUR241 million (RON1.2 billion) notified by Romania to support agricultural... more
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Retele Electrice Dobrogea Completes 1st Stage Of Energy Infrastructure Upgrades In Constanta Via Over RON45M Project
02.09.2024
The company Retele Electrice, a part of PPC group, previously called E-Distributie Dobrogea) has completed the first stage of a project worth over... more
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Deloitte: Global Leaders Expect Gen AI Transformation In 3 Years
02.09.2024
Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that... more
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Romania Ends 2023 With Trade Deficit Of EUR28.9B, Down 15.1% YoY
02.09.2024
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS... more
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Antibiotice Iasi Launches New Vet Product Range
02.09.2024
Antibiotice Iasi, the largest Romanian-held pharma producer, is launching eight veterinary products in the range of nutritional supplements,... more
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Impact Developer & Contractor Wants to Raise EUR3M Via Bond Issue Brokered by TradeVille
02.09.2024
Impact Developer & Contractor, the first real estate developer listed on the Romanian capital market, announced the launch of a public offering of... more
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ROCA Industry Completes Acquisition of 70% Stake in Workshop Doors in RON30M Deal
02.09.2024
Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million. more
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MerchantPro Sees 2023 Revenues Rise by over 20%, Expects Similar Growth in 2024
02.09.2024
MerchantPro, the e-commerce platform developed by local company Shopmania Net, in 2023 registered EUR1.7 million revenues, up over 20% from 2022,... more
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Trident 2023 Turnover Up 12% To EUR4.5M
02.09.2024
Bucharest’s Trident dental clinics, a brand including three units in Cotroceni and Herastrau, generated EUR4.5 million turnover in 2023, up over... 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.