Foreign Direct Investment In Romania’s Trade Overshoots EUR20B Mark in 2023
today, 09:39
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector continued to put money into development, Romania’s central bank data show.
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Competition Council Looks Into Kinstellar’s Acquisition Of Noerr Romania
08.01.2024
Romania's Competition Council is analyzing the transaction through which the Kinstellar Network, through Kinstellar SPARL, intends to acquire Noerr... more
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Romania Gets EIB Support For World’s First Zero-Emission Tire Plant
08.01.2024
The European Investment Bank (EIB) is lending Nokian Tyres a total of EUR150 million for the construction in Romania of the world’s first plant... more
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Romania Forex Reserves Narrow To EUR63.57B In July 2024
08.01.2024
Romania's foreign exchange reserves decreased by EUR813 million over the course of July 2024, down to EUR63.57 billion at the end of the month,... more
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NNDKP Assists Globant With Merger Of Two Romanian Subsidiaries
08.01.2024
NNDKP has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide,... more
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Law Firm Filip & Company Assists Banca Transilvania In Closing The Acquisition Of OTP Bank Romania
08.01.2024
The Filip & Company team has provided legal assistance to Banca Transilvania on closing its acquisition of OTP Bank Romania and OTP Leasing Romania. more
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Italy's Intesa Sanpaolo Group Ends H1/2024 With EUR4.8B Net Profit, Up 13% YoY
08.01.2024
Italy's Intesa Sanpaolo Group, which has recently finalized the acquisition of First Bank (Romania), ended the first half of 2024 with net profit... more
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Romania Unemployment Rate Inches Up To 5.5% Month-On-Month In June 2024
08.01.2024
Romania’s unemployment rate stood at 5.5% in June 2024, higher by 0.1 percentage point compared to May 2024, data from the country’s statistics... more
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Law Firm CMS Assisted OTP Group in Sale of Romania Operations to Banca Transilvania
08.01.2024
International law firm CMS assisted OTP group in completing the sale of Romania operations to Banca Transilvania, the largest lending institution... more
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Sanador Invests EUR20M To Expand Bucharest Hospital
08.01.2024
Sanador, a major private healthcare provider in Romania, is expanding via a EUR20 million investment. more
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InteRo Development Property Starts Works for Mixed-Use Project SkyLight Residence
08.01.2024
InteRo Property Development, owned by Topolinski family of Canadian investors, is starting construction works for mixed-use project SkyLight... more
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Cushman & Wakefield Echinox: New Demand for Industrial and Logistic Spaces Cumulates 52% of Contracted Space Volume in H1/2024
08.01.2024
Companies in the first half of this year leased industrial and logistic spaces with a total area of 410,500 square meters, down 25% from the... more
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BRD Ends H1/2024 with RON675M Net Profit, Down 9.6% from H1/2023
08.01.2024
BRD-Soc Gen, the fourth largest bank in Romania by assets, in the first half of 2024 generated net profit of RON675 million, down 9.6% from the... more
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Vatis Tech Aims for EUR1M Annual Recurrent Revenues in 2024
08.01.2024
Local startup Vatis Tech, which has created a speech recognition software solution, targets 1 million annual recurrent revenues at end-2024, as it... more
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Germany’s Mahle 2023 Turnover Tops RON1B, Up 17.2% YOY
08.01.2024
Mahle Componente de Motor, the local subsidiary of German group Mahle, for 2023 reported turnover worth RON1.086 billion (EUR219.7 million), 17.2%... more
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Foreign Remittances Hit Record High of EUR6.5B in 2023, Matching FDI
08.01.2024
In 2023, Romanians working abroad sent home EUR6.5 billion, EUR350 million more than in 2022. By comparison, foreign direct investments plunged,... more
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Merlin Beverages Enters Ice Tea Segment with Plafar Brand
08.01.2024
Merlin Bevrages, a producer of soft drinks under brands such as Vitamin Aqua and Pop Cola, is launching a new product range in the ice tea... more
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Agroland Group Owner, Horia Cardos, Sells RON8M Worth Of Shares Via Private Placement
07.31.2024
On Wednesday, July 31, 2024, the Bucharest Stock Exchange system recorded transactions worth almost RON8 million with 5.68 million shares of... more
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Mutual Funds In Romania Hit Record High Of Over 700,000 Investors: 192,000 Clients Joined In Just One Year
07.31.2024
The industry of local mutual funds has seen a significant increase in investor numbers over the last year, from 511,900 clients in June 2023 to... more
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NN Pensii Exits Shareholding Structure Of Eurofins
07.31.2024
NN Pensii, Romania's largest Pillar II private pension fund, has exited the shareholding structure of French company Eurofins, where it had a... more
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10% In The Company Managing Grand Hotel Bucharest Changed Shareholders In RON21M Deal
07.31.2024
On Wednesday, July 31, 204, a special transaction with 10% of the share capital of Grand Hotel Bucharest (stock symbol: RCHI) was registered in the... 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.