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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Romania Forex Reserves Grow To EUR61.4B In January 2024
02.01.2024
Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank... more
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Tea Producer Kalpo Posts 8% Growth In Revenue To Over RON12M In 2023
02.01.2024
Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in... more
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Finance Ministry Raises RON1.73B From Banks Via Two Bond Issues On February 1
02.01.2024
Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average... more
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Photon Energy Connects Tenth Solar PV Power Plant To Romanian Electricity Grid
02.01.2024
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC)... more
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ONE Buys Romaero Real Estate From Hidroelectrica, Set To Develop ONE Baneasa Airpark
02.01.2024
Real estate developer ONE has bought some real estate assets of Romaero from Hidroelectrica, where it will develop a project, called ONE Baneasa... more
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Cegedim: Romania Medicine Market Grows 16% YoY To RON29.96B In 2023
02.01.2024
Romanians bought medicines worth RON26.8 billion (EUR5.44 billion) in the period April 2022 – March 2023, at wholesale prices, 20% more than in... more
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Catalin Munteanu Takes Over As Executive Director Of Products And Retail Segments Division Of BCR
02.01.2024
Catalin Munteanu, one of the most renowned banking professionals in Romania, is taking over the position of Executive Director of the Products and... more
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EY Study – CFO Imperative: Finance Function Must Become More Involved In Data Strategy And Analytics
02.01.2024
The finance function evolves in the current business environment and it must become more involved in data strategy and analytics, more connected... more
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E.ON Romania Installs 161 Photovoltaic Power Plants For 142 Companies In 2023
02.01.2024
In 2023, E.ON Energie Romania completed and delivered 161 photovoltaic power plants for 142 partner companies active in various industrial... 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.