Eurostat: Romania Posts Highest Annual Inflation Rate In The EU For 6th Consecutive Month
yesterday, 17:05
Romania is the country with the highest inflation rate among the European Union member countries, for the sixth consecutive month, after reporting an annual consumer price index of 5.3% in August 2024, in line with data provided by Eurostat, the statistical office of the European Union, on Wednesday (Sept 18).
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Finance Ministry Raises RON500M From Banks On Sept 12
09.12.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 12), selling government paper at an annual average yield of 6.78%. more
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Hungary's MOL Group Invested RON300M In Romania's Infrastructure In Last 3 Years
09.12.2024
Hungary's MOL Group has invested RON300 million over the last three years to develop Romania's infrastructure. more
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Pastry Shop Chain Dulcinella Invests EUR100,000 In New Unit In Capital City Bucharest
09.12.2024
Dulcinella, originating in the Republic of Moldova and present in Romania with 17 pastry shops, has invested EUR100,000 in opening a new unit in... more
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Competition Council Looks Into Takeover Of Eldrive Holding Gmbh By EBRD And Renalfa Solarpro Group Gmbh
09.12.2024
Romania's Competition Council is assessing the transaction through which the European Bank for Reconstruction and Development (EBRD) intends to... more
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Retele Electrice Muntenia Set To Invest RON160M In Modernization Of Electrical Infrastructure In Banat Region
09.12.2024
Reţele Electrice Muntenia, part of PPC Group in Romania, is organizing, via the SEAP public platform, a tender worth RON160 million for the design... more
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Romania Average Net Salary Up 1.3% In July 2024 vs June 2024
09.12.2024
The average net salary in Romania increased by 1.3% in nominal terms in July 2024 compared to June 2024, to 5,242 (EUR1,054), data from the... more
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Vodafone-Led Consortium Set to Build Part of Romania Govt Cloud Platform with EUR100M
09.12.2024
Vodafone, one of the largest communications services providers in Romania, has nine months to implement part of the government cloud platform that... more
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ZF Estimate: Romania Mutual Funds Likely to Reach 1 Million Clients at End-2025
09.12.2024
Romania mutual funds, managed by companies part of the country’s biggest banking groups, but also by independent administrators, are likely to... more
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BNR: Gold Reserve Steady at 103.6 Tons Since 2007
09.12.2024
Romania’s gold reserve has been steady in the past 17 years, at 103.6 tons, since 2007 until the present, of which 61.2 tons are deposited abroad... more
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Dacia Prepares For Start Of Bigster Production
09.11.2024
Dacia’s Mioveni plant is currently assembling Duster and Jogger, while Sandero and Sandero Stepway are being assembled in Morocco. The Romanian... more
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SARMIS Capital Buys Into AEK-Deziclean
09.11.2024
Private equity firm SARMIS Capital, co-founded by Romanian executive Cezar Scarlat, who has extensive experience in private equity, has become a... more
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TeraPlast Set To Raise Share Capital By RON22M
09.11.2024
Building materials producer TeraPlast Bistrita (stock symbol: TRP) has announced in a stock market report on Wednesday (Sept 11) the decision of... more
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Builder P.A.B. Files For Bankruptcy
09.11.2024
Arad-based builder P.A.B, held by the Sandu family, has filed for bankruptcy, according to a court case registered on September 10, 2024. more
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Beraria H Set To Develop Over EUR40M Worth Of Urban Regeneration Project In Iasi
09.11.2024
Beraria H, the company operating the largest beer hall in Southeast Europe, which is located in Bucharest's Herastrau Park, has announced that it... more
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Energytech Start-Up OgreAI Gets To EUR6M Investments
09.11.2024
Romanian-British start-up Ogre AI, which specializes in providing artificial intelligence-based forecasting solutions for the energy sector, has... more
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Foreign Investors Council Blasts Speedy Adoption Of Emergency Ordinance Introducing New Tax Amnesty
09.11.2024
The Foreign Investors Council (FIC) criticizes the quick adoption of an emergency ordinance on tax amnesty by the Government, arguing that although... more
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TechAngels Investments Stand At Over EUR1M In H1
09.11.2024
In the first six months of this year, the members of TechAngels - the largest network of business angels in Romania, have invested a total of more... more
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METRO Romania Proposes LaDoiPasi Extra - A New Store Concept For Proximity Retail
09.11.2024
METRO Romania, the largest wholesaler in the local market, is speeding up investments in the proximity retail segment, by proposing a new store... more
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Gral Medical Invests EUR7M In OncoFort Ploiesti, The First Oncology Hospital In Prahova County
09.11.2024
Private healthcare services provider Gral Medical, one of the largest on Romania’s market, controlled by Romanian entrepreneur Robert Serban, has... more
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Survey: Romanians Spend More Time In Shopping Malls Despite Spending More Time To Get There
09.11.2024
Urbanization and the expansion of cities in Romania, through the construction of new housing units, apartment buildings, residential complexes and... 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.