CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
03.27.2024
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation rate will average 5.46%, the lowest level since November 2021.
ZF NEWSRSS
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Faist Eyes 10% Higher Turnover In 2024, Up To EUR55M
today, 02:23
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, has budgeted a 10% increase in... more
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Aquila Part Prod Com Seeks To Distribute RON85M Dividends From 2023 Profit: Yield Of 5.9%
today, 01:42
Aquila Part Prod Com (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, has called... more
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123 Form Builder Ends 2023 With Net Profit Of RON6M vs RON0.4M In 2022
today, 01:09
Timisoara-based 123 FormBuilder, a cloud-based web form builder that enables businesses of all sizes to create surveys, forms, quizzes and polls,... more
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Retailer Coralia Com Ends 2023 With EUR14.1M Turnover, Up 8.1% YoY
today, 00:09
Sighisoara-based Coralia Com, held by entrepreneurs Ovidiu Moldovan an Dan Perţe, reported a turnover of nearly RON70 million (EUR14.1 million)... more
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IKON Trading's 2023 Turnover Up 13.8% YoY To RON23.6M
yesterday, 23:04
IKON Trading, a distributor of professional products for beauty salons in Romania, reported a turnover of RON23.6 million (nearly EUR4.8 million)... more
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Competition Council Approves Takeover Of Aqua Bilbor By Agro-Chirnogi SA Group And Maria Trading
yesterday, 22:37
Romania's Competition Council approved the transaction whereby Prime Capital Invest SRL and the group that includes Agro-Chirnogi SA and Maria... more
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Computer Generated Solutions Romania Seeks 196 People For Its Brasov Center
yesterday, 20:56
Computer Generated Solutions Romania, the largest outsourcing provider in the local market, currently has 196 jobs available for customer service... more
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Energy Ministry Calls Nuclearelectrica Shareholders To Approve Partnership With DSPE BETA Private Equity Fund
yesterday, 20:06
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) on Thursday notified the Bucharest Stock Exchange that its majority shareholder,... more
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Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
yesterday, 19:52
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the... more
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Denisa Simion, Deloitte Romania. Fraud Prevention: Key Investment For Business Success
yesterday, 17:57
Fraud prevention in corporate settings is not necessarily a matter of policies and procedures, but it is about cultivating a culture of integrity... more
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Porsche Romania Delivers 300 EV Charging Stations To Eldrive Romania
yesterday, 17:19
Eldrive Romania and MOON Power, part of Porsche Romania, the general importer of Volkswagen, Audi, Seat, Cupra, Skoda, Das WeltAuto brands, have... more
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Cooperation Between Romanian And Moldovan Capital Markets Backed By High Government And Private Sector Reps
yesterday, 15:10
The cooperation with the authorities and the private sector in Romania is essential for the transformation of the capital market in the Republic of... more
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Symmetrica Invests EUR48M In New Factory Near Bucharest
yesterday, 15:02
Suceava-based paving stone manufacturer Symmetrica, owned by Stanciu family, is investing EUR48 million in a new factory in the vicinity of capital... more
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Fortim Trusted Advisors: Companies Leased Fewer Office Spaces Outside Bucharest in 2023
yesterday, 11:39
Companies in 2023 leased fewer office spaces outside Bucharest, with regional hubs generating just 18% of Bucharest volumes, as part of major deals... more
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Turbomecanica Proposes Distribution of RON9M Dividends from 2023 Profit
yesterday, 10:51
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, proposes to shareholders the distribution of a... more
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Antibiotice Iasi Commissions 2.5 MW Photovoltaic Plant
yesterday, 10:40
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Winemaker Jidvei Set to Hire 250 Workers from Nepal for Vineyard Works
yesterday, 09:49
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Four-Star Hotel TTS Covasna Reaches RON9.2M Turnover in 2023
yesterday, 09:43
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Transilvania Constructii Wants to Double Industrial Portfolio in Next 5 Years
yesterday, 09:36
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Dunca Expeditii Ends 2023 with RON187M Turnover, Down 11% YOY
yesterday, 09:29
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Bento Proposes Distribution Of RON4.1M Dividends From 2023 Net Profit
yesterday, 02:12
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Transelectrica Proposes Distribution Of RON20.5M Dividends, With 1% Yield
yesterday, 01:55
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TeraPlast Borrows EUR13.2M From Banca Transilvania For Acquisition Of Companies Part Of Austria's Freiler Group
yesterday, 01:28
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Conpet Ploiesti Concludes RON105M Contract With OMV Petrom
yesterday, 00:30
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Amazon Development Center In Romania Reports RON52M Net Loss For 2023, Sixfold Higher YoY
yesterday, 00:16
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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