Romania Private Lending Annual Growth Slows Down in November to 8.8%
12.27.2024
Private lending rose by 8.8% in November against the same period of 2023, to a total amount of RON418 billion, after local currency loans increased by 11.5% and foreign currency ones by 3%, central bank data showed on Friday, December 27, 2024.
-
Raiko Transilvania Enters Insolvency Following Court Ruling 12.09.2024
Rainwater and Roofing Systems Producer Raiko Transilvania (stock symbol: RKOT) has announced in a stock market report on Dec. 9 that it has entered... more
-
Life Group: Over 250,000 Romanians From Diaspora Expected In Romania In Dec For Winter Holidays, Dental Treatments 12.09.2024
Over 250,000 Romanians from diaspora are coming to Romania during the month of December for the winter holidays and many of them are set to undergo... more
-
Digi Seeks To Get EUR62M From ING Bank To Develop Telecom Networks Of Subsidiaries In Romania, Spain, Portugal, Belgium 12.09.2024
Digi Romania S.A., as borrower, together with Digi Communications and Digi Spain Telecom S.L.U., as original guarantors, have entered into two... more
-
Electrica Group Faces Cyberattack 12.09.2024
The Electrica Group has been the victim of a cyberattack on Monday (Dec. 9), the company has announced in a stock market report. more
-
Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On Dec 9 12.09.2024
Romania's Finance Ministry raised roughly RON2 billion from banks on Monday (Dec 9.), selling government paper in two auctions, at annual average... more
-
Bucharest Stock Exchange Launches Revised Corporate Governance Code For Romanian Market With EBRD Support 12.09.2024
The Bucharest Stock Exchange (BVB) has published on Monday (Dec. 9) the revised corporate governance code for the Romanian market, which was... more
-
OLX Expands Office Space Leased In Bucharest's America House By 43% To 1,663 Sqm 12.09.2024
OLX, the online classifieds platform in Romania, is expanding its offices leased in the America House building in central Bucharest by 43% up to a... more
-
Statistics Board: 88.6% Of Romanian Households Have Internet Access At Home In 2024 12.09.2024
The share of households in Romania that had access to internet at home reached 88.6% of the total in 2024, up 2.9 percentage points compared to... more
-
Romania National House of Public Pensions Inks RON109.9M Contract for New Integrated Information System with JV Btwn AROBS Systems and WING LEADING EDGE 12.09.2024
Romania’s National House of Public Pensions has signed a RON109.9 million contract, VAT not included, for a new integrated information system,... more
-
Oracle Romania Takes Over Local Subsidiary of US Cerner 12.09.2024
The local arm of US giant Oracle has taken over the local subsidiary of US company Cerner, a developer of software for the health industry, which... more
-
Dubai’s Growdash Taps into Romanian Market 12.09.2024
Startup Growdash of Dubai, specializing in business intelligence solutions for restaurants, has invested EUR300,000 this year on the local market,... more
-
Underline Ventures Has $13M Available To Invest in Tech Startups 12.09.2024
Venture capital fund Underline Ventures has $13 million left for investment in tech startups, both in Romania and on other markets, said Bogdan... more
-
Carrefour Steps Up Franchise Development in Romania 12.09.2024
French group Carrefour, present locally with around 450 stores under various formats, is accelerating its development in a franchise system in... more
-
Romania Signs Memorandum Of Understanding With EBRD For Investments In Renewable Energy 12.06.2024
The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in... more
-
Romania To Launch This Year's Last Edition Of TEZAUR Treasury Bills Program, On Dec 9 12.06.2024
Romania’s finance ministry has announced on Friday (Dec 6, 2024) that it will launch this year's last edition of the TEZAUR Treasury bills... more
-
Competition Council Clears Acquisition Of Some Activities And Assets Of US PPG Industries By Poland's Qemetica 12.06.2024
Romania's Competition Council has authorized the transaction through which Poland's Qemetica intends to take over, including through the investment... more
-
Romanian Constitutional Court Annuls First Round Of Presidential Vote 12.06.2024
Romania's Constitutional Court has annulled the result of the first round of the country's presidential election, on Friday (Dec 6). more
-
Statistics Board: Romania's Economy Edges 0.8% Higher YoY In January-September 2024 12.06.2024
Romania's economy inched 0.8% both in unadjusted data and seasonally adjusted data, in the first nine months of 2024 compared to the same period of... more
-
Salt Bank Wins Award for Best Use of Tech in Retail Banking at London Banking Tech Awards 2024 12.06.2024
Salt Bank, the first Romanian neobank, has won the award for Best Use of Tech in Retail Banking at London Banking Tech Awards 2024, with the... more
-
"The Banker”, Part Of "Financial Times" Group, Designates BRD As "Bank Of The Year In Romania" For 2nd Straight Year 12.05.2024
BRD Groupe Societe Generale was designated "Bank of the Year in Romania" for the second consecutive year, during the ceremony organized on December... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
more
More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six
more
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
more
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
more
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
more
The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
more
Romania 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
more
Fiscal 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 Savings
Romania 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.