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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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
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ROCA X Venture Capital Exits Shareholding Structure of CODA Intelligence, Acquired by US PDQ
04.12.2024
ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in... more
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Romania Average Net Salary Up 14.2% in February 2024 vs February 2023
04.12.2024
The average net salary in Romania increased by 14.2% in February 2024 compared with February 2023 to RON4,876, data from the country’s statistics... more
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Romania Industrial Output Down 1.8% in Jan-Feb 2024 from Year-Earlier Period
04.12.2024
Romania’s industrial production was 1.8% smaller in the first two months of 2024 against the same period of 2023 due to declines in all the three... more
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Stada Romania Set to Produce First Drug Box in October
04.12.2024
Germany’s Stada, which is building a drug plant in Turda, Cluj county, will manufacture the first drug box this October in the new unit. more
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Uniprest Instal Reaches over EUR56M Turnover in 2023
04.12.2024
Uniprest Instal, a wholesaler of heating installations controlled by Dutch group Rensa, in 2023 reported turnover worth RON278.7 million (EUR56.3... more
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Ukrainian Retailer Aurora Reaches 10 Stores in Romania
04.12.2024
Six months after entering Romania, Ukrainian retailer Aurora has reached 10 stores, all in the area of Moldavia, and is continuing expansion in 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.