Romania Forex Reserves Rise To EUR62.13B In December 2024

yesterday, 22:03

Romania's foreign exchange reserves stood at EUR62.13 billion at the end of 2024, an increase of 4% on the RON59.7 billion at the end of 2023, Romania’s central bank announced on Friday (January 3, 2024).

Sphera Franchise Group Opens New KFC Restaurant In Republic Of Moldova
09.26.2024

Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has informed the market... more
Finance Ministry Raises RON500M From Banks On Sept 26
09.26.2024

Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 26), selling government paper at an annual average yield of 6.04%. more
FintechOS Set To Expand Its Sales And Technical Teams
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FFintechOS, an end-to-end financial product management platform, plans to recruit sales specialists for Western Europe and software development... more
London Stock Exchange Group Expands Presence In Romania With New Office, In Cluj-Napoca
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London Stock Exchange Group (LSEG), a global provider of financial markets data and infrastructure, has expanded its presence in the Romanian... more
EBRD Expects Romania's Economy To Grow By Just 1.4% In 2024, Way Below Its May Forecast Of 3.2%
09.26.2024

The European Bank for Reconstruction and Development has downwardly revised its forecast for Romania’s economic growth in 2024, to only 1.4%,... more
Spirits Producer Prodvinalco Ends H1 With 43% Rise In Net Profit To RON11M
09.26.2024

Prodvinalco (VAC.RO), a company majority-owned by Mircea Todea, Vasile Albon and Marcel Hosu, posted RON11.2 million net profit in the first half... more
iBanFirst: Forecast For Romanian Leu And EUR/USD Exchange Rate In Q4/2024
09.26.2024

The exchange rate has a short-term upward potential, with a target of RON5 to the euro, which is largely driven by lower bond yields, driving... more

Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure

The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of

CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY

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

Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments

Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local

Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M

Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated

Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase

The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the

Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds

The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by

OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units

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

World Bank Says Fiscal Deficits Will Remain Elevated In Romania

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

Analysis

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.