CFA Romania Analysts Forecast 4.95% Inflation Rate for Next 12 Months, See Leu at 5.0735 Units/Euro
today, 11:09
Financial analysts part of CFA Romania Association anticipate a 4.95% inflation rate for the next 12 months (August 2025), higher than they estimated one month ago, and an average exchange rate of 5,0735 units/Euro, in line with the August survey.
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OMV Petrom Outsources Some Tubular Material Reconditioning And Transport Services
09.05.2024
OMV Petrom (stock symbol: SNP.RO), Romania’s largest oil and gas producer, intends to outsource to Bonatti S.p.A. Parma, Bucharest branch, some... more
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Salameh Family, The Owner Of Alexandrion Group, Acquires Octogon Gas & Logistics Terminal In Port Of Constanta
09.05.2024
Nawaf Salameh Family Office, which owns, among others, spirits producer Alexandrion Group, has acquired the Octogon Gas & Logistics Terminal in the... more
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River Development Promotes Ana-Maria Pascu To Leasing Manager
09.05.2024
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, has appointed Ana-Maria Pascu to the position... more
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Statistics Board: Romania Retail Sales Grow 8.1% YoY In January-July 2024
09.05.2024
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when... more
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Cushman & Wakefield Echinox: Office Demand Posts Strong Rebound in Bucharest in Q2/2024
09.05.2024
Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with... more
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Estep B2B, Operator of Samsung Mobile Store Network, Sees 2023 Turnover Drop 10% To RON175M
09.05.2024
Estep B2B, which operates Samsung Mobile Store network of Bucharest, Ploiesti and Iasi, in 2023 posted lower turnover and net profit, with a higher... more
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Danone Moves YoPRO Production to Bucharest
09.05.2024
Danone, one of Romania’s largest dairy makers, is, starting this summer, producing high-protein yoghurts under YoPRO brand in its Bucharest plant. more
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Fuel Supplier Artoil Ends H1/2024 with 9% Higher Turnover
09.05.2024
Timisoara-based fuel supplier Artoil ended the first half of this year with turnover worth around RON510 million (EUR102.5 million), up 9% from... more
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Cegedim: Local Producers Accounted For One Third Of Drugs Sold In Romania In H1 2024
09.04.2024
Local production of medicines covered 29% of drug sales in Romania in the first six months of 2024, an analysis by market research company Cegedim... more
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Life Is Hard Posts RON1.7M Consolidated Loss In H1 2024
09.04.2024
Life is Hard (LIH.RO), a technology company listed on the AeRO market of the Bucharest Stock Exchange, posted a consolidated net loss of RON1.7... more
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ASF Approves Fondul Proprietatea Buyback Offer For 270M Shares
09.04.2024
Fondul Proprietatea (FP.RO) on Wednesday notified the Bucharest Stock Exchange that the Financial Supervisory Authority (ASF) had approved its... more
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NN Pensii, The Largest Investor At Bucharest Stock Exchange, Halves Its Exposure In Fondul Proprietatea
09.04.2024
Fondul Proprietatea (stock symbol: FP.RO) has announced in a stock market report on Sept 4 that Fondul de Pensii Facultative NN Activ, Fondul de... more
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Leapmotor Electric Cars Arrive In Romania Via AutoItalia
09.04.2024
Leapmotor International, a 51/49 Stellantis-led company, will start selling electric vehicles on nine European countries, including Romania. more
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Romania, Azerbaijan, Georgia, Hungary Conclude Agreement For Green Energy Corridor Project Company
09.04.2024
Romania's national grid company Transelectrica (stock symbol: TEL), Georgian State Electroysstems, AzerEnerji and MVM Electrical Works have signed... more
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Knauf Insulation Completes Tarnaveni Plant
09.04.2024
Mineral wool producer Knauf Insulation, part of Knauf group, has finalized the construction of Tarnaveni, Mures county, plant, the company’s most... more
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Competition Council Slaps FCC Environment Romania SRL With RON2M Fine For Abuse Of Dominant Position
09.04.2024
Romania's Competition Council fined FCC Environment Romania SRL a total RON2.045 million (EUR410.000) for abusing its dominant position on the... more
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Insolvent Hidroconstructia Puts Up For Sale Assets Worth Over EUR65M
09.04.2024
Construction company Hidroconstructia, which went insolvent in early 2022, will be putting up for sale a portfolio of assets worth over EUR65... more
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20,000 Public Sector Jobs Put on the Market in Romania in 2024
09.04.2024
Romania public sector registered a job boom in 2024, with almost 20,000 jobs put on the market since the start of the year. more
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Online Travel Agency Vola.ro Expects over 30% Turnover Growth, To RON24M in 2024
09.04.2024
Travel platform Vola.ro forecasts a 30% revenue increase in 2024, to RON24 million, according to Daniel Truica, its CEO. more
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2024, First Year With No Major Office Building Delivered
09.03.2024
The pandemic, the rise in interests and material prices, the work for home and the acute shortage of construction permits in the past four years... 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.