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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Nuclearelectrica And Canadian Nuclear Partners Sign Framework Agreement For Cernavoda NPP Unit 1 Refurbishment Project
06.12.2024
Nuclearelectrica (SNN) and Canadian Nuclear Partners (CNPSA) have signed a long-term framework agreement to provide Project Management Organization... more
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DIY Retailer Leroy Merlin Completes Relocation of Craiova Store to 16% Bigger Space
06.12.2024
Retailer Leroy Merlin has completed the relocation of Craiova store, which will be opened on June 19 in the same shopping center Electroputere... more
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Vertiv Romania Seeks to Hire over 40 Specialists for Cluj Office
06.12.2024
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, has more than 40 positions available at the Cluj... more
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Delgaz Grid, Part of E.ON Romania Group, Invests RON1.5B in Transformer Station Upgrade
06.12.2024
Delgaz Grid, part of E.ON Romania group, plans to invest RON1.5 billion to upgrade 44 transformer stations, in the next six years, of which RON1.1... more
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Infinity Capital Investments Set to Organize New Auction for Sale of Dambovita Hotel of Targoviste for RON15M
06.12.2024
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, has announced it will... more
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Poland’s Comarch Wants to Grow in Romania
06.12.2024
Comarch, a Polish company that develops software solutions for several industries, has hundreds of clients in Romania and plans to increase their... more
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Purem Oradea 2023 Turnover Down 13.6% To RON2.5B
06.12.2024
Exhaust system manufacturer Purem Oradea (the former Eberspaecher Exhaust Technology Romania), the local subsidiary of German group Eberspacher,... more
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Romania Sees Fewer Real Estate Deals In May 2024 vs Year-Earlier Period
06.12.2024
The number of real estate deals in Romania, which includes houses, lands and apartments, stood at 43,601 in May 2024, lower by 13,598 than in the... more
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Group Of Firms IT LASTING Reports Combined Turnover Of Nearly RON250M For 2023
06.11.2024
Timisoara-based group of companies IT LASTING, which includes firms LASTING System, LASTING Software and SPHINX IT, reported a combined turnover of... more
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Fondul Proprietatea Has Stakes Valued At EUR306M On The List To Take Public
06.11.2024
The representatives of Franklin Templeton, the manager of Fondul Proprietatea (FP.RO) are ready to take public on the Bucharest Stock Exchange... more
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International Alexander Ends 2023 With RON665M Turnover, Up 5% YoY
06.11.2024
Romanian-held logistic and freight forwarding group International Alexander of Arad, the biggest player on this market, ended 2023 with a turnover... more
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MedLife Opens Second MindCare Center, In City Of Constanta
06.11.2024
Medical services network MedLife is starting the expansion of its MindCare chain of mental health centers by opening a second unit, in the city of... more
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JT Grup Oil Raises RON20M Via IPO At Bucharest Stock Exchange; Readies Listing On AeRo Market At End-June
06.11.2024
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has successfully completed the initial public offering (IPO)... more
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Croatia’s InterCapital AM Lists ETF With Romanian Government Bonds On Zagreb Stock Exchange
06.11.2024
InterCapital Asset Management, the largest independent investment manager in Croatia, last week listed 7GROM (Gov ROM) ETF (exchange traded fund),... more
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Mogo Romania Enters The Recreational Vehicle Financing Market Through Partnership With ATVRom
06.11.2024
Mogo Romania, a company specializing in providing financing for individuals to purchase used vehicles, announces its entry into a new lending... more
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Retele Electrice Muntenia Set To Invest RON162M In Energy Infrastructure Upgrades In Ilfov County
06.11.2024
Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, launched, through the public procurement information... more
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EY Future Consumer Index: Nearly Half Of Respondents Still Optimistic About The Future
06.11.2024
Nearly half (47%) of respondents continue to be optimistic about the future, as per the latest EY Future Consumer Index (FCI), which surveyed more... more
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OMV Petrom Invests EUR750M At Petrobrazi Refinery To Become First Major Producer Of Sustainable Fuels In Southeast Europe
06.11.2024
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR750 million at Petrobrazi to transform the... more
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PwC Romania and D&B David si Baias Assisted Ionut Nedea in Sale of Travel Agency Litoralulromanesc.ro To Poland’s Szallas Group
06.11.2024
A team of PwC Romania consultants specialized in deals and D&B David si Baias lawyers have assisted the founder of travel agency... more
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Sierra Quadrant: Over 16,000 Companies Closed in Romania in Jan-April 2024, a 12-Year High
06.11.2024
More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high,... 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.