Colliers: Number of Housing Units Sold in Bucharest Up 18% in Q1, Demand Rises 19% Nationwide
yesterday, 11:24
The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate consultancy Colliers.
ZF NEWSRSS
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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... more
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Raiffeisen Set to Send RON860M Worth of Dividends to Vienna, Half 2023’s Record High Profit
today, 10:05
Raiffeisen, the Romanian subsidiary of the Austrian group of the same name, will distribute dividends worth RON860 million, namely half the record... more
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Poland’s Spyrosoft Solutions Posts RON46M Turnover, RON5.7M Profit in Romania in 2023
today, 09:56
Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold... more
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Kaufland Opens Unit in Nasaud, Reaches 178-Unit Network in Romania
today, 09:51
German retailer Kaufland has opened a new unit, in Nasaud city, Bistrita-Nasaud county, thus reaching a network of 178 hypermarkets nationwide. more
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Cristian Rusu Wants to Bring Rus Savitar Back to Growth
today, 09:46
Cristian Rusu, the entrepreneur who bought back Casa Rusu-Rus Savitar group from the investment fund Greenbridge to which he had sold it in 2019,... more
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SD Worx Bets On Romania Growing Faster Than Group, By 20% In Coming Years
today, 07:00
The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian... more
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Mobila Dalin's 2023 Turnover Drops Nearly 8% YoY To RON48.9M
today, 01:06
Upholstered furniture manufacturer Mobila Dalin based in Reghin (Mures County) ended 2023 with a turnover of almost RON48.9 million (EUR9.9... more
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Electrica To Pay Out RON40M Dividends
today, 00:54
The shareholders of electricity supplier and distributor Electrica (EL.RO) on April 25 approved the distribution of dividends in the amount of... more
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BRD SocGen To Pay Out RON817M Dividends, Namely 50% Of 2023 Net Profit
today, 00:44
The shareholders of BRD – Groupe Société Générale (BRD.RO), the fourth largest bank in Romania, by assets, have approved the distribution of... more
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Shareholders Greenlight One United Properties’ Corporate Bond Issuance Program
yesterday, 23:51
Real estate developer One United Properties (ONE.RO) has notified the stock market about the decision of its shareholders to approve a corporate... more
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Nuclearelectrica To Distribute Dividends Worth Over RON1B To Shareholders
yesterday, 23:42
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report that its shareholders approved, in their... more
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Banca Transilvania Gets Shareholder Approval To Distribute RON1B Dividends, To Boost Share Capital By RON1.2B
yesterday, 23:26
Banca Transilvania (TLV.RO), the largest bank in Romania by assets, has announced in a stock market report that its shareholders approved, in their... more
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Builder Autotehnorom Revenue Shrinks 25.5% To RON200.9M In 2023
yesterday, 22:53
Autotehnorom, a construction company in Suceava owned by the Ripan family, posted about RON200.9 million (EUR40.6 million) revenue in 2023, down... more
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JT Grup Oil Sells 10 Million Shares Issued Following Share Capital Increase; Readies Listing On AeRo Market
yesterday, 22:13
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, is launching a public offering for the sale of 10 million... more
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Radisson Blu Hotel In Bucharest Opens NAMI Beach Club & More In June
yesterday, 22:12
Radisson Blu Hotel Bucharest will open the NAMI Beach Club & More relaxation center in June, following a EUR1 million refurbishment process. more
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COS Ends 2023 With EUR29M Turnover, Up 3.5% YoY
yesterday, 21:17
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OVES Enterprise: Investing In Innovation And New Product Development May Lead To 30% Growth In Romanian IT Industry In 2024
yesterday, 20:33
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Law Firm ONV LAW Expands Its Team Of Lawyers
yesterday, 20:09
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Finance Ministry Raises RON1.39B From Banks On April 25
yesterday, 17:19
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Startup nPloy Expands Job Ad Offering With Over 1,000 Fully Remote Jobs From Over 100 Global Tech Companies
yesterday, 16:48
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Siemens Healthineers Unveils Installation Of MAGNETOM Flow In Romania
yesterday, 14:15
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Coface: CEE Countries Faced Dramatic Surge In Company Insolvencies In 2023
yesterday, 13:48
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Austrian Builder Strabag Posts 65% Production Volume Increase in Romania in 2023
yesterday, 13:44
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Sphera Franchise Group Opens Third KFC Restaurant In Pitesti
yesterday, 13:41
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PepsiCo Installs over 1,300 Photovoltaic Panels on Romania Plants in $2.1M Investment
yesterday, 10:55
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.
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Central Bank: Romania's Economic Growth Expected to Decelerate Considerably in 2022 and 2023Romania’s economic growth is expected to decelerate considerably in 2022 and 2023, after having reached very high dynamics from a historical perspective in 2021, yet significantly lower than previously forecast (in November 2021), the minutes of the monetary policy meeting of Romania’s central bank (BNR) say.
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