CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
today, 10:57
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will average 5.33%.
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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
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Romaqua Group Joins Billionaire Club
01.22.2024
Radu Lazaroiu, general manager of Romaqua Group, Romania’s biggest beverage manufacturer, says 2023 was a good year for the company despite... more
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UBC 3 Building Of Palas Iasi Gets V7 Startup Studio As New Tenant
01.19.2024
United Business Center 3 (UBC) office building in the Palas complex in Iasi developed by the Iulius Group will have a coworking space for the... more
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Romania’s Airports See Traffic Of 25 Million Passengers In 2023, Higher Than In 2019 Even
01.19.2024
Passenger traffic on Romania’s airports reached 25 million people in 2023, an increase of 17% on the previous year, data from the Romanian... more
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Cold Cuts Producer Aldis Set To Invest EUR20M To Boost Production
01.19.2024
Aldis, one of the largest meat processors in Romania, plans to make a more than EUR20 million investment in boosting production capacity. The... more
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Mega Image Almost Halts Expansion In 2023, When Parent Group Announced Acquisition Of Rival Profi
01.19.2024
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, significantly slowed down expansion in Romania in 2023, the year when its parent... more
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Lensa Gets Chief Commercial And Acquisition Officer From Carrefour
01.19.2024
Lensa, one of the leading actors on the eyewear market in Romania, has recruited executive Gabriel Cubatov as chief commercial & acquisition officer. more
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Labor Ministry: Romania Ends 2023 With Record High Of New Labor Contracts
01.19.2024
Romania ended 2023 with a record high of new labor contracts, nearly 100,000 more than in 2022, the country's labor ministry said in a statement. more
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Three-Month ROBOR Stays At 6.14% After Downward Streak; IRCC For New Loans: 5.97% In Q1/2024
01.18.2024
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out... more
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Transilvania Constructii Completes EUR15M Construction Of New Logistics Park
01.18.2024
Transilvania Construcţii has recently completed the construction of its new logistics park, namely, TRC Park Bacau, a project which engulfed over... more
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Germany's Bosch Group Reorganizes Bosch Global Business Services Division In Timisoara Into A Separate Firm
01.18.2024
Germany's Bosch Group is expanding its activity on the Romanian market by establishing a new company in Timisoara, Bosch Global Business Services... more
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Finance Ministry Raises RON900M From Banks On January 18
01.18.2024
Romania's finance ministry on Thursday (January 18) raised RON900.3 million selling discount treasury bills maturing in January 2025, at an annual... 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.