Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
yesterday, 14:11
Romania's trade balance posted a deficit of EUR6.69 billion in January-March 2024, lower by 1.5% (or lower by EUR103.3 million), compared to the same period of 2023, data from the country's statistics board INS showed on Friday (May 10).
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Finance Ministry Raises Nearly RON800M From Banks Via Two Bond Issues On May 9
05.09.2024
Romania's Finance Ministry raised RON800 million from banks on Thursday (May 9), selling government paper in two auctions, at annual average yields... more
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European Investment Bank Boosts Europe’s Security & Defense With EUR4.5B Financing
05.09.2024
The Board of Directors of the European Investment Bank (EIB) on May 9 endorsed a revised definition for dual-use goods and infrastructure eligible... more
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Romgaz Makes RON200M Term Deposit With Exim Banca Romaneasca
05.09.2024
Natural gas producer and supplier Romgaz (SNG.RO) on Thursday notified the Bucharest Stock Exchange of having made a RON200 million term deposit... more
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Bucharest Stock Exchange And EBRD To Review Romanian Corporate Governance Code
05.09.2024
The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian... more
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Hagag Development Buys Obor Est Residence Housing Project
05.09.2024
Real estate developer Hagag Development Europe, controlled by businessman Yitzhak Hagag, has acquired housing project Obor Est Residence, located... more
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Law Firm Philip & Company Assists Medical Recovery Chain Centrokinetic, in Partnership with Agista, in Takeover of Majority Stake in Socrates Clinic
05.09.2024
Law firm Filip & Company has assisted Centrokinetic network, specializing in orthopedy and medical recovery, aided in the deal by investment fund... more
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Zabka Officially Enters Grocery Retail Market In Romania With Froo Store In Bucharest
05.09.2024
Polish retailer Zabka, which has more than 10,000 stores back home, is officially entering the Romanian grocery retail market by opening its first... more
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Early Game Ventures Launches Second Investment Fund
05.09.2024
Early Game Ventures on April 25 finalized the necessary documents for the official launch of its second investment fund, with a total value of... more
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BVB Group Q1/2024 Net Profit Up 68% To around RON3M Vs Q1/2023
05.09.2024
The Bucharest Stock Exchange, the operator of Romania’s capital market, in the first three months of 2024 posted RON2.96 million net profit at... more
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Cushman & Wakefield: Production Companies, Most Dynamic on Industrial Space Leasing Market in Q1
05.09.2024
Companies in the first three months of 2023 leased around 200,000 square meters of logistic and industrial spaces, with demand mainly coming from... more
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Aquila Part Prod Ends Q1/2024 with RON624M Revenues, Up 11% Vs Q1.2023. Net Profit Drops 26% To RON19.6M
05.09.2024
Aquila Part Prod Com, an entrepreneurial company providing distribution and logistic services for the consumer goods market, ended the first... more
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Paper Bag Maker Barleta Invests EUR2 million in Printing Machine
05.09.2024
Bacau-based Barleta, a producer of paper bags for major supermarket chains, fast-food restaurant chains and bakery businesses, has invested EUR2... more
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Axes Software 2023 Turnover Up 12% YoY To Nearly RON10M In 2023
05.09.2024
Romanian company Axes Software, specialized in developing software solutions for the logistics sector for over 18 years, ended 2023 with a turnover... more
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US Company PDQ Pays Over EUR20M To Acquire Romania's CODA Intelligence
05.09.2024
American company PDQ, which provides management solutions for active software, has paid over EUR20 million to acquire the entire package of shares... more
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Road Freight Carrier Criboser Expects Further Growth In 2024
05.08.2024
Oradea-based Criboser, the second most dynamic road carrier in Romania by revenue in 2022, expects business to grow this year after buying 20 more... more
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Dairy Producer Carmo-Lact Prod's 2023 Turnover Up 19% YoY To RON250M
05.08.2024
Carmo-Lact Prod, the company based in Bistrita-Nasaud, which makes the Monor dairy products, had a turnover of RON249 million in 2023, up 19% on... more
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Deloitte Romania Assists PIB Group In Entering Romanian Market Via Acquisition Of STEIN Bestasig Insurance Broker
05.08.2024
Deloitte Romania has assisted PIB Group Ltd, one of the leading insurance brokerage companies, with its headquarters in UK, in its entry on the... more
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Clinicile Dentare Dr. Leahu To Become Regina Maria Dental Clinics
05.08.2024
Dr. Leahu, the brand of dental clinics created by doctor Ionut Leahu 14 years ago, is going through a rebranding process and will take the name of... more
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Lensa Revenue Up 54% To More Than RON207M In 2023
05.08.2024
Lensa, one of the most important players in the Romanian eyewear market, recorded last year revenues of more than RON207 million, up 54%, and... more
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SAP Extends Christian Klein's Contract Of CEO Until 2028
05.08.2024
SAP, a German producer of business software solutions and one of the leading European players in the technology industry, announces that it has... 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.