Transgaz Budgets over EUR9B Worth of Investments for Next 10 Years
12.30.2024
Romania’s state-run national gas transmission company Transgaz has earmarked EUR4.16 billion for 13 major investment projects related to gas transmission, scheduled for completion in 2025-2033, in line with data included in the Development Plan for the National Gas Transmission System.
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Romania Banking System Boasts Record High RON11.5B Net Profit in 9M 2024 11.21.2024
The still high interest rates and continued lending aided Romania banking sector generate an RON11.5 billion record high net profit in the first... more
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Verdino Derives 50% of Sales from Abroad 11.21.2024
Catalin Neacsu, category manager at Verdino Green Foods, a major plant-based food producer in Romania, says exports account for around 50% of total... more
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Fermador Owners Explore Company Sale 11.21.2024
Mihalache family, which owns Fermador group of Iasi, which operates on the poultry market and had turnover of around RON240 million last year, are... more
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Home Appliance Maker AETA (Formerly Electroarges) Makes RON8.1M Loss In 9M, 2024 11.20.2024
AETA Curtea de Arges (ELGS.RO), formerly Electroarges, ended the first nine months of 2024 with a loss of RON8.1 million, compared with a loss of... more
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Electrica Shareholders Called To Vote On Approving EUR253M Wind Farm Investment 11.20.2024
The Board of Directors of electricity supplier and distributor Electrica (stock symbol: EL) has called shareholders for a meeting on February 5,... more
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EIB Lends EUR200M To Romania's Delgaz Grid For Electricity System Upgrades 11.20.2024
The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in... more
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UniCredit Bank Lists RON750M Bond Issue On Bucharest Stock Exchange On November 20 11.20.2024
A RON750 million bond issue of UniCredit Bank, part of Italy’s UniCredit Group, was registered with the Bucharest Stock Exchange on Wednesday,... more
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Nuclearelectrica Makes RON478.8M Term Deposit With Exim Banca Romaneasca 11.20.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON478.8... more
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Gomag Expects Over EUR3.5M Turnover At End- 2024, Up 30% YoY 11.20.2024
Romanian company Gomag, which puts an e-commerce platform at the disposal of online stores, expects to end 2024 with an increase of over 30% in... more
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Teraplast Closes Acquisition Of 70% In Croatia’s Optiplast 11.20.2024
TeraPlast (TRP.RO), the largest polymer processor in Southeast Europe, has notified shareholders and investors of having closed the acquisition of... more
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Sinteza SA Oradea Signs Agreement With Lockheed Martin For Production Of Long-Term Storage Batteries In Romania 11.20.2024
Sinteza SA Oradea (STZ.RO), one of the largest local chemical companies, has signed a letter of intent with the US company Lockheed Martin to... more
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Amazon Closes Machine Learning Department In Romania 11.20.2024
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business... more
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SVN Report: Construction Permits For Residential Buildings In Bucharest Almost Halved Over Last Three Years 11.20.2024
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total... more
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BCG Report: Romania Sees $1.7B Worth Of M&A Deals In January-September 2024 11.20.2024
Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher... more
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DEER Implements Over RON230M Worth Of Projects For Smart Power Distribution Systems 11.20.2024
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution... more
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Deloitte: Energy Transition Costs May Drop Nearly 25% With De-risking Instruments For Green Projects 11.20.2024
The overall costs of the global energy transition, estimated at USD200 trillion by 2050, could be reduced by almost 25 percent using de-risking... more
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Statistics Board: Romanian Construction Works Down 2.6% YoY In January-September 2024 11.20.2024
The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number... more
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Isopan's Net Profit Up 9.5% YoY To RON31.1M In 2023 11.19.2024
Insulating panel maker Isopan ESt, with a plant in Popesti-Leordeni, ended 2023 with a turnover of RON469.9 million (EUR95 million), down nearly... more
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Switzerland’s Cicor Sees EUR87M Revenue From Electronic Component Maker Systronics In 2023 11.19.2024
Arad-based electronic components manufacturer Systronics, held by Swiss group Cicor, posted RON431.3 million (EUR87.2 million) revenue in 2023,... more
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Fitch Upgrades Banca Transilvania To 'BBB-'; Outlook Stable 11.19.2024
Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR... 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.