Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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UniCredit: Romania Got Only EUR200M In NRRP Funds In 2024
10.15.2024
Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024... more
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Nuclearelectrica And Framatome To Make Medical Isotope Lutetium-177 At Cernavoda Nuclear Power Plant
10.15.2024
Nuclear power producer Nuclearelectrica (SNN.RO) and French-held Framatome will team up for a project to produce medical isotope Lutetium-177... more
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Early Game Fund I Backed Startups Reach EUR43M Annual Revenue In 2024
10.15.2024
The companies in which venture capital fund Early Game Ventures invested its first fund, Early Game Fund I, have reached annual revenue of more... more
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ING Bank: Romania Could Be Among Top Ten Economies In EU In 10 Years
10.15.2024
Romania’s economy could double in the next ten years, so the GDP would reach EUR700 billion, with an average growth rate of 3% to 3.5% a year and... more
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Cargus Relocates Targu Mures Warehouse to Expanded Facility
10.15.2024
Cargus, a major player on Romania’s courier services market, has relocated its Targu Mures warehouse to a facility with an area of over 4,500... more
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Alexandrion Group Appoints Jason Wischhoff as Managing Director, Head of Franchise and Hospitality Projects
10.15.2024
Alexandrion group, the largest local spirits producer and a major player on the wine market, part of Nawaf Salameh Family Office, has appointed... more
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Law Firm Filip & Company Assisted eMAG Group in Sale of Tazz to Wolt
10.15.2024
Law firm Filip & Company assisted eMAG Group in the sale of its entire stake in HCL Online Advertising, the company that operates Tazz platform, to... more
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Moov Leasing Adds EUR5M To Share Capital
10.15.2024
Moov Leasing, an operating leasing company, is raising its share capital by EUR5 million, after selling a 10% stake, reaching an EUR50 million... more
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Draghici Dental Group in Talks with Potential Investors for Miroslava Dental Technique Lab
10.15.2024
Draghici Dental Group is in talks with several potential investors for the dental technique lab it developed in Miroslava, Iasi county, via an over... more
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Romanians Spent EUR2.6B On Vacations Abroad In Summer Of 2024
10.14.2024
Romanian tourists spent EUR2.6 billion on vacations abroad in the three months of summer, June-August, according to ZF calculations based on data... more
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Prebet Aiud Gets Loan Facilities From BRD
10.14.2024
Prebet Aiud (PREB.RO), a precast reinforced and prestressed concrete producer, on Monday evening announced the conclusion of a contract for RON63... more
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Voicu Oprean, CEO And Shareholder Of Arobs Transilvania Software, Sells RON32M Worth Of Company Shares
10.14.2024
Arobs Transilvania Software (stock symbol: AROBS) has announced in a stock market report on Oct 14 that its CEO, Voicu Oprean, sold 35.4 million... more
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Finance Ministry Raises RON604M From Banks On Oct 14, 2024
10.14.2024
Romania's Finance Ministry raised RON604 million from banks on Monday (Oct 14, 2024) selling benchmark bonds, below the planned amount of RON700... more
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Bucharest Stock Exchange Launches Recruitment Process For General Manager Position
10.14.2024
The Bucharest Stock Exchange (BVB) has announced on Monday (Oct 14) that it launched in September 2024 the recruitment process for the position of... more
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Competition Council: Construction Rules Must Be Updated For Waste Recycling
10.14.2024
Construction regulations must be updated to facilitate the transition to a circular economy, as recommended by Romania's Competition Council... more
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Romania's Central Bank Authorizes TOKEN Payment Services As Online Payment Institution
10.14.2024
Token Payment Services (TOKEN) was authorized by Romania's central bank to accept online payment operations and transactions at physical POS (point... more
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Romania's Total External Debt Up By EUR14.1B In Jan-Aug 2024, To EUR182.5B
10.14.2024
Romania's total external debt (public and private) increased by EUR14.1 billion in January-August 2024 versus December 31, 2023, up to EUR182.5... more
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Czech Zentiva Group Completes Tender Offer For Remaining Zentiva Romania Shares
10.14.2024
Pharmaceutical producer Zentiva (SCD.RO) on Monday announced the Czech Zentiva Group, its majority shareholder, had come to own more than 96% in it... more
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Local Delivery Platform Tazz Amassed RON324M In Net Losses Since Its Acquisition By eMAG In 2019
10.14.2024
After being acquired by eMAG in fall 2019, the local fast delivery platform Tazz has amassed net losses of RON324 million between 2020 and 2023, in... more
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Statistics Board: Romania's Industrial Production Falls 4.3% YoY In August 2024
10.14.2024
Romania’s industrial production decreased by 4.3% in unadjusted data in August 2024 versus August 2023 and by 2% when adjusted for seasonality... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
moreMore than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
moreRomania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
moreBucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
moreThe volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
moreThe assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
moreRomania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward
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
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.