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.
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HORSE Romania Reaches 2,600 Employees 11.25.2024
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest. more
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Spectral Development Investments Hit around EUR4M in 2024 11.25.2024
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments... more
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Agrii Romania Invests EUR3.5M in Two Repacking Lines at Timisoara Plant 11.25.2024
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own... more
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Number of SMEs in Romania Up 40% in 16 Years 11.25.2024
In the past 16 years, the number of microenterprises, small and middle-sized companies has gone up by almost 40%, with the growth primarily... more
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Ford Otosan Craiova Overshoots 200,000 Assembled Cars Mark, Boasts Record October 11.25.2024
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with... more
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Simtel Team Seeks Up To EUR20M Investment Loans 11.22.2024
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and national leader in the... more
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Cybersecurity Company Fort, Part Of Bittnet Group, Reports RON9.3M Turnover For Jan-Sept Period, Down 15% YoY 11.22.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first nine months of 2024 with a turnover of RON9.3 million, down 15%... more
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Statistics Board: Over Half Of Total Number Of Enterprises Operated In Market Services In 2023 11.22.2024
Over half of the total number of active enterprises (52%) in Romania operated in the sector of market services in 2023 and reported the highest... more
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UniCredit Bank Completes RON750M Bond Issue, Its Largest In Romania 11.22.2024
UniCredit Bank announced successful completion of a new leu-denominated corporate (senior, unsecured ) bond issue due in five years, with a fixed... more
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Electrica And Esyasoft (UAE) Set Up Company Dedicated To Energy Storage Technologies And Digitalization Of Electrical Networks 11.22.2024
Electricity supplier and distributor Electrica (stock symbol: EL) and the company Esyasoft based in the United Arab Emirates are establishing a... more
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tbi bank Signs Partnership Deal With DAW Management Broker Enabling Romanian Clients To Buy Insurance Via BNPL Solution 11.22.2024
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker DAW Management, whereby customers can... more
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CEC Bank Successfully Closes A New Bond Issue Worth EUR300M On International Markets 11.22.2024
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL... more
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Moldova’s Fagura Completes Talks for New EUR1.1M Funding Round 11.22.2024
Fagura, a fintech set up in the Republic of Moldova that has also expanded on Romania’s market, with ambitions to further grow internationally,... more
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Evomag Sees EUR7M Sales On Black Friday 2024 11.21.2024
Online retailer Evomag, one of the main players in the local IT&C market, recorded orders of EUR7 million during the Black Friday 2024 campaign,... more
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Damen Galati Shipyards Signs EUR25M Loan Agreement With Exim Banca Romaneasca 11.21.2024
Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans... more
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Entrepreneur Razvan Pascu Sells Stake In FlightClaim For EUR1.3M 11.21.2024
Entrepreneur and travel consultant Razvan Pascu has announced the sale of his stake in Dutch company Flight Claim for EUR1.3 million. more
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Bento Reports 19% Higher Net Profit, 67% Surge In Operating Revenues YoY In January-September 2024
11.21.2024
2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company that provides software development services and IT... more
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Competition Council OKs Acquisition Of Intersystems Holding Inc. By A-AG Holdco Ltd 11.21.2024
Romania's Competition Council has approved the transaction by which A-AG Holdco Ltd intends to take over Intersystems Holding Inc. and the... more
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dm drogerie markt Romania Ends FY2023-2024 With RON1.77B Revenue, Up 35% 11.21.2024
Retailer dm drogerie markt Romania ended fiscal 2023-2024 on September 30 with RON1.77 billion revenue, an increase of 35.35% on the previous year. more
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Clifford Chance Badea Advised PPC Group In Closing Acquisition Of Macquarie's Renewable Energy Portfolio In Romania 11.21.2024
Law firm Clifford Chance Badea has advised PPC Group in closing the EUR700 million transaction through which it acquired the Romanian renewable... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
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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
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Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
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Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
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The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
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The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
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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
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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
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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.