Romania Private Lending Up 4.7% YoY To RON387B In March 2024
yesterday, 13:56
Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24, 2024).
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New Hotel Brand In Romania: Bucharest To Have Its First Handwritten Hotel
01.22.2024
Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the... more
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Limitless Agency Ends 2023 With EUR4.25M Turnover, Up 31% YoY
01.22.2024
Limitless Agency, one of Romania’s main digital marketing agencies, ended 2023 with a turnover of EUR4.25 million, up 31% compared to the... more
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Vitantis Shopping Center To Reach 100% Occupancy Soon
01.22.2024
Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment... more
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Romgaz Makes RON30M Term Deposit With CEC Bank
01.22.2024
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Jan.22) announced its shareholders in a stock market report that it opened a... more
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Romanian Startup Aysa.ai Raises EUR150,000 From Software Developer Innovator Spark
01.22.2024
Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, launched in 2023 by entrepreneur Marius Dosinescu, said in a... more
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Finance Ministry Raises RON343M From Banks On January 22, 2024
01.22.2024
Romania's Finance Ministry raised RON343 million from banks on Monday (January 22, 2024) selling bonds with a nominal value of RON500 million due... more
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ACAROM: Romania’s Car Production Hits Record High YoY In 2023, To 513,050 Units
01.22.2024
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a record high of 513,050 vehicles in 2023, 0.7% more than in 2022 and 22%... more
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Orange Set To Gradually Phase Out 3G Technology Starting June 2024
01.22.2024
Orange Romania announces plans to gradually phase out the 3G network starting June 2024, which will allow the company to concentrate its efforts on... more
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eMag Launches Shop-In-Shop For Pet Products
01.22.2024
Online retailer eMAG is launching a new online shop-in-shop, which is dedicated to pet products and groups more than 75,000 products from the... more
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Statistics Board: Romania Had Lowest Prices For Food And Non-Alcoholic Drinks In The EU In 2022
01.22.2024
Romania and Bulgaria recorded the lowest prices for consumer goods and services among European Union Member States in 2022, being 41% below the EU... more
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C&W Echinox: Retailers Become More Demanding Than Ever Regarding Targeted Locations For New Store Openings
01.22.2024
After a period of three-four years in which real estate developers’ expansion plans were almost exclusively focused on retail parks, which... more
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Deloitte: Cyber Risks, Climate-related Regulatory Actions, Rising Interest Rates Will Impact Most Real Estate Companies’ Financial Results In 2024
01.22.2024
Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this... more
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EY Romania: M&A Market Registers 241 Deals in 2023, Down 6.2%, with $7.1B Total Estimated Value, Up 6.1%
01.22.2024
Romania’s M&A market in 2023 recorded 241 deals, with a total estimated value of $7.1 billion, up 6.1% from the 2022 value, even as the number of... more
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Czechia’s Nano Energy Enters Romania Market
01.22.2024
Prague-based Nano Energies has entered Romania’s market and is set to provide services as an independent electricity aggregator, via its local... more
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IMF Delegation Set to Visit Romania in January 29-February 1 Period
01.22.2024
A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic... more
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Major Retailers in Romania Have Ambitious Expansion Plans for 2024
01.22.2024
Retailers are announcing ambitious expansion plans, with some networks intending to keep up the pace set last year, while others are stepping up.... more
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Window Maker Barrier Wants to Significantly Expand International Foothold in 2024
01.22.2024
Barrier, a Bacau-based door and window manufacturer, owned by Garmacea family, plans to significantly expand its presence on international markets... more
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Spectral Mobila Invests RON1M in Machinery and Transport Trucks
01.22.2024
Furniture producer Spectral Mobila, which owns a plant near Barlad and a store network under the same name, is set to invest RON1 million to... more
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Builder Concelex Bets on Infrastructure
01.22.2024
Builder Concelex plans to develop the group’s road infrastructure unit amid a wave of investments earmarked in this direction, justified by the... more
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2023, Best Year for Domeniile Averesti
01.22.2024
Rares Florea, country manager at wine producer Domeniile Averesti, a top 10 player on the market, says 2023 was the best year in the company’s... 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.