Statistics Board: Romania's Economy Grows 1.1% In Q3/2024 vs Q3/2023
yesterday, 13:05
Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged in real terms versus the second quarter of 2024, flash data from the country's statistics board INS showed on Thursday (Nov 14).
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BRD Concludes New Partnership Agreement With European Investment Fund To Guarantee Loans Funding Sustainable Projects
08.20.2024
BRD Groupe Société Générale has concluded a new partnership agreement with the European Investment Fund (EIF) which will enable it to guarantee... more
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METAV Gets EUR21M Financing From Libra Internet Bank For Bellemonde Residential Project In Pipera
08.20.2024
Real estate developer METAV, whose portfolio includes projects such as Belvedere Residence, Zenville and IQON, has obtained EUR21 million financing... more
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ROCA Industry Ends H1/2024 With Cumulative Turnover Of RON314.5M, Up 9.5% YoY
08.20.2024
ROCA Industry, the first industrial holding company in Romania, specialized in the production of construction materials, listed on the main market... more
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AFI Europe Acquires Bucharest Financial Plaza Office Building From Immofinanz
08.20.2024
Real estate developer AFI Europe has announced the acquisition of the Bucharest Financial Plaza office building located in the center of capital... more
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NN Pays Over RON575M To Insurance And Private Pension Clients In January-June 2024, Up 30% YoY
08.20.2024
NN announced that it paid over RON575 million in the first half of 2024 to life, health, and home insurance clients and to participants to private... more
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Deloitte Romania And Reff & Associates Assisted Nokian Tyres In Obtaining EUR99.5M State Aid For New Factory In Oradea
08.20.2024
Deloitte Romania and Reff & Associates | Deloitte Legal assisted Nokian Tyres, the Finnish developer and manufacturer of premium tires, in... more
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RetuRO Opens 6th Center For DRS Packaging Collection, In Dolj County
08.20.2024
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its sixth... more
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Statistics Board: Romanian Construction Works Down 2.5% YoY In January-June 2024
08.20.2024
The volume of construction works decreased, in unadjusted data, by 2.5% in January-June and by 2.2% when adjusted for the number of working days... more
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Competition Council Greenlights Acquisition Of Astir Vitagiannis Bros. S.A. By Guala Closures S.p.A.
08.20.2024
Romania's Competition Council approved the transaction through which Italy's Guala Closures S.p.A plans to take over Greece's Astir Vitagiannis... more
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Helbako Electronica Sees Revenue Up 27%, Net Profit Up 31% In 2023
08.19.2024
Helbako Electronica, the local subsidiary of Germany's Helbako GmbH, posted RON223.6 million (EUR45.2 million) revenue in 2023, up 27% from the... more
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Metropolitan Life Pensii Private Bought 35% Of MedLife Shares Traded On Bucharest Stock Exchange In June
08.19.2024
One Pillar II pension fund, Metropolitan Life Pensii Private, bought 35% of the MedLife (M.RO) shares traded on the Bucharest Stock Exchange in... more
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Finance Ministry Raises RON682M From Banks On August 19
08.19.2024
Romania's Finance Ministry raised RON682 million from banks on Monday (August 19), selling government paper at an annual average yield of 6.55%. more
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Sipex Company Ends H1 With RON158M Revenue, Up 9%
08.19.2024
Sipex Company (SPX.RO), a distributor of construction supplies, with 27 years in business, on Monday announced having ended the first half of 2024... more
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Avioane Craiova Sees Revenues Treble in H1/2024, Switches to Profit
08.19.2024
Avioane Craiova, an aircraft manufacturer controlled by the Romanian state, in H1/2024 registered total revenues worth RON74.4 million, almost... more
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Clifford Chance Assisted Erste Group and BCR in Funding Development of 99.2 MW Onshore Wind Project Nala Renewables Acquired from OX2
08.19.2024
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project... more
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Romania’s Fiscal Council: Budget Gap Likely to Top 7% of GDP in 2024
08.19.2024
The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary... more
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CFA Romania Analysts Project 4.4% Inflation for Next 12 Months, Falling Leu, Flat Housing Market Prices, Rising Public Debt and Budgetary Gap
08.19.2024
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value... more
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Motorola Solutions Romania Sees 2023 Turnover Drop 25% in 2023 To RON78.8M
08.19.2024
Motorola Solutions Romania, the local subsidiary of the US company of the same name, a provider of emergency communications solutions, reported... more
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Canon Production Printing Romania Ends 2023 with RON60M Turnover, Up 8% YOY
08.19.2024
Canon’s Timisoara software research and development center had a stable headcount in 2023 and higher turnover than in 2022. more
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SoftOne Romania 2023 Turnover Soars 88% To over RON8M
08.19.2024
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, reported turnover of RON8.2 million (EUR1.6 million)... 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.