Romania’s Trade Deficit Shrinks 1.5% YoY To EUR6.69B In January-March 2024
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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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Centrokinetic Expands Into Western Region Of Romania
05.08.2024
Growth investment fund AGISTA has supported Romania's largest medical recovery chain, Centrokinetic, in acquiring its eighth clinic - Socrates... more
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EBRD Lends Over EUR46M For 102MW Onshore Wind Farm In Romania
05.08.2024
The European Bank for Reconstruction and Development (EBRD) is lending over EUR46 million as part of a EUR93 million financing package to build and... more
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Silviana Petre-Badea Takes The Helm Of SERVE Winery
05.08.2024
Silviana Petre-Badea is the new Chief Executive Officer (CEO) of SERVE Winery, one of Romania’s most prestigious businesses in the wine industry. more
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EY: Foreign Direct Investment In Europe Declines For First Time Since Pandemic
05.08.2024
Foreign direct investment (FDI) into Europe declined in 2023, falling by 4% compared with 2022, and has dropped to 11% lower than in 2019, just... more
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Cegedim: Romania Medicine Market Grows 15.5% in Q1/2024 To RON8.15B
05.08.2024
Medicine sales went up by 15.5% in the first quarter of 2024 from the year-earlier period, to RON8.15 billion, as retail sales rose by 14.4% and... more
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Travel Group RTK Arrives in Romania, Set to Focus on Outgoing Segment
05.08.2024
RTK International, which has a network of over 3,000 affiliated travel agencies abroad, has entered Romania’s market. more
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Eviden Romania Opens First Cloud and Cybersecurity Center, CloudSecOps Center, in Romania
05.08.2024
Eviden Romania, part of French group Atos, a major IT&C integrator in Europe, announces the launch of CloudSecOps Center in Timisoara, Romania. more
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TeraPlast Bistrita Ends Q1/2024 with RON177M Turnover, Up 20% YOY, Cuts Losses to RON2.5M
05.08.2024
Building materials producer TeraPlast Bistrita, posted RON176.8 million turnover in the first quarter of 2024, up 20% from the year-earlier period,... more
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Smart ID Dynamics Sees 2023 Turnover Drop 10%, Net Profit Shrink 18% YOY
05.08.2024
Software and hardware provider Smart ID Dynamics in 2023 registered an annual 10% turnover decline, to RON103.6 million (EUR20.8 million). more
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Premier Restaurants 2023 Turnover Rises 18% To RON1.7B
05.08.2024
Premier Restaurants Romania, the company that operates the over 100-restaurant network of McDonald’s in Romania, in a franchise system, in 2023... more
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Lego Romania Turnover Up 16% in 2023
05.08.2024
Denmark’s Lego reached RON236 million turnover in Romania in 2023, up 16% from the previous year. more
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Sanconfind Hospital Reaches RON26.5M Turnover in 2023, Up 8% YOY
05.08.2024
Private hospital Sanonfind of Campina, opened in 2015, ended last year with RON26.5 million turnover, from RON24.5 million in 2022. The company had... more
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Enterprise Investors Wants to Invest in IT and Financial Firms in Romania
05.08.2024
Enterprise Investors, the oldest private equity firm in the region, plans to invest on the Romanian market on the IT segment, targeting both IT... more
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Beyçelik Gestamp Invests EUR45M In Dirmanesti To Supply Parts To Ford Otosan Craiova
05.08.2024
Türkiye’s Beyçelik Gestamp Group completed a EUR45 million investment in Dirmanesti, near Pitesti in April, to expand production capacity and... more
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Romania Pillar III Pension Funds Overshoot RON5B Net Asset Mark In March 2024
05.08.2024
Voluntary private pension funds in Romania (Pillar III) exceeded the threshold of EUR5 billion in net assets managed in March 2024, up 3.1%... more
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UniCredit Group Ends Q1/2024 With Net Profit Of EUR2.6B, Up 24% YoY
05.08.2024
UniCredit Group, which holds the seventh largest bank in Romania by assets, ended the first quarter of 2024 with net profit of EUR2.6 billion, up... more
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Competition Council Approves Takeover Of First Bank Romania By Intesa Sanpaolo Bank
05.07.2024
Romania's Competition Council approved the transaction through which Intesa Sanpaolo Bank intends to take over First Bank Romania, which is held by... more
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Romania Industrial Production Prices Drop 8% YoY In March 2023
05.07.2024
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 8% in March 2024 compared to March... more
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Premier Energy To Conduct Listing Offering Between May 8-15
05.07.2024
From May 8 until May 15 investors on the Bucharest Stock Exchange can subscribe for shares in the listing offering of Premier Energy (PE.RO), the... more
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AAylex ONE Cuts Losses Down To Half In 2023
05.07.2024
AAylex ONE of Buzau, the company behind the Cocorico poultry brand, posted RON43 million net loss in 2023, 60% lower than in 2022, Finance Ministry... 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.