Statistics Board Confirms Romania's Economic Growth Of Just 0.7% YoY In H1/2024
![Statistics Board Confirms Romania's Economic Growth Of Just 0.7% YoY In H1/2024](https://storage0.dms.mpinteractiv.ro/media/401/1561/19566/22479413/1/economie-10-shutterstock.jpg?width=175)
09.06.2024
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the same period of 2023, provisional (1) estimates from the country's statistics board INS showed on Friday (Sept 6).
-
Hidroelectrica Kicks Off Modernization Of Vaduri, Remeţi And Arcesti Hydroelectric Plants
09.02.2024
Hidroelectrica (H2O.RO), the largest electricity producer in Romania, has signed contracts with the consortium formed by Hidroserv and UCMH for the... more
-
tbi bank Ends H1 2024 With EUR23.2M Net Profit
09.02.2024
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, ended the first half of... more
-
Finance Ministry Raises Nearly RON950M From Banks Via Two Bond Issues On Sept 2
09.02.2024
Romania's Finance Ministry raised RON945.2 million from banks on Monday (Sept 2), selling government paper in two auctions, at annual average... more
-
Fitch Reaffirms Romania's Stable Outlook
09.02.2024
Fitch Ratings has reaffirmed Romania's outlook at 'stable' and the local currency issuer default ratings (IDR) at 'BBB-'. more
-
Competition Council Assesses Acquisition Of G.I. Industrial By Baxi S.p.A.
09.02.2024
Romania's Competition Council is analyzing the transaction through which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its... more
-
Competition Council Looks Into Takeover Of Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA By OMV Petrom
09.02.2024
Romania's Competition Council is assessing the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL,... more
-
EY: 72% Of Investors See Grants As Key To Investing In Romania
09.02.2024
A total of 72% of investors consider the availability of non-repayable grants to be a decisive factor in choosing a country to invest in, according... more
-
Romania Forex Reserves Shrink To EUR63.1B In August 2024
09.02.2024
Romania's foreign exchange reserves decreased by EUR392 million over the course of August 2024, down to EUR63.1 billion at the end of the month,... more
-
Genesis Property Secures BREEAM Outstanding Certification For YUNITY Park’s Building F
09.02.2024
Genesis Property, one of the leading office building owners in Romania, has secured the BREEAM Outstanding Certification for the F building of the... more
-
Romania Factoring Market Grows 8% in H1/2024, To EUR4.3B
09.02.2024
Romania factoring market reached EUR4.33 billion in the first half of this year, up 8% from the same period of last year. more
-
Deloitte Romania Promotes To Directors Five Professionals From Audit And Assurance, Tax and Enabling Services Departments
09.02.2024
Deloitte Romania's management team expands as of September 1, 2024, following the promotion to directors of employees Ioana Lucaciu, Mihai Ionica... more
-
Poland’s Resource Partners Takes Over Majority Stake in Vola.ro
09.02.2024
Resource Partners, a major regional manager of private equity funds, has taken over an 80% stake in Vola.ro, leader of Romania’s online tourism... more
-
Purcari Deputy CEO Alex Filip Set to Take Company Reins in January 2025
09.02.2024
Winemaker Purcari has announced Alex Filip, the company’s deputy CEO, will take over as Group CEO starting January 1, 2025. more
-
Romania Hotels and Pensions Rake In Record High RON10.8B Revenues in 2023, RON2B Profit
09.02.2024
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the... more
-
Farmacia Bajan Reaches 40 Units
09.02.2024
Farmacia Bajan, one of the most powerful local pharmacy networks, added eight new pharmacies in the first half of 2024, reaching a 40-unit network... more
-
Agroland Business System Seeks To Raise Up To RON15M From Investors Via Bond Issue
08.30.2024
Entrepreneurial company Agroland Business System (AG.RO) plans to raise funds from investors through a bond issue of up to RON15 million at a... more
-
Zentiva Doubles Net Profit To RON143M In H1 2024
08.30.2024
Pharmaceutical producer Zentiva (SCD.RO), 96% held by Zentiva Prague and thus not much traded on the Bucharest Stock Exchange, doubled its net... more
-
Arobs Posts 52% Lower Profit In H1 2024
08.30.2024
Entrepreneurial company Arobs Transilvania Software (AROBS.RO), the largest issuer in the IT sector listed on the Bucharest Stock Exchange, ended... more
-
TTS Revenue Down 32% To RON300M In H1 2024
08.30.2024
Transport Trade Services (TTS.RO), a freight carrier on the Danube, posted RON298.7 million revenue in the first half of the year, down 32.1%... more
-
Romcab Losses Widen To RON61M In H1 2024
08.30.2024
Cable manufacturer Romcab Targu Mures (MCAB.RO) ended the first half of 2024 with a loss of RON61.4 million, up from the RON16.7 million loss of... more
![Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure](https://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22450673/1/energie2772743-publimedia-shutterstock.jpg?width=198)
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
more![CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY](https://storage0.dms.mpinteractiv.ro/media/401/1561/19649/22452907/1/dscf0495-edit-imagine-spread.jpg?width=198)
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
more![Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments](https://storage0.dms.mpinteractiv.ro/media/401/1561/19652/22455256/1/2850876-publimedia-shutterstock.jpg?width=198)
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
more![Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M](https://storage0.dms.mpinteractiv.ro/media/401/1561/19666/22455500/1/9-camera-hotel-2.jpg?width=198)
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
more![Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase](https://storage0.dms.mpinteractiv.ro/media/401/1561/19651/22455994/1/cristi-moga-head-of-capital-markets.jpg?width=198)
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
more![Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds](https://storage0.dms.mpinteractiv.ro/media/401/1561/19568/22456437/1/investitor-grafic-sus.jpg?width=198)
The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
more![OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units](https://storage0.dms.mpinteractiv.ro/media/401/1561/19668/22456978/1/oppo-r5.jpg?width=198)
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
more![World Bank Says Fiscal Deficits Will Remain Elevated In Romania](https://storage0.dms.mpinteractiv.ro/media/401/1561/19567/21216964/1/world-bank-web.jpg?width=198)
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
moreAnalysis
Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings![Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings](https://storage0.dms.mpinteractiv.ro/media/401/1561/19566/21220500/1/pusculita-bani-publimedia-shutterstock.jpg?width=198)
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.