Foreign Direct Investment In Romania’s Trade Overshoots EUR20B Mark in 2023
today, 09:39
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector continued to put money into development, Romania’s central bank data show.
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Investment fund Innova Capital has sold Optical Investment Group, a leading retail of optical eyecare and eyewear products in Romania, which... more
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National Railway Supervision Council Slaps Grup Feroviar Roman With RON3.49M Fine 07.30.2024
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Romania's Competition Council has approved the transaction whereby Cyprus' Premier Energy PLC, through Premier Renewable Invest Co S.R.L., intends... more
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EY Future Consumer Index: Consumers Return To Physical Stores 07.30.2024
Despite technology transforming consumers’ retail experience, allowing them to seamlessly shop between online, social media, in-app and in-game,... more
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Bucharest Stock Exchange Unveils New BET-EF Index 07.30.2024
Bucharest Stock Exchange (BVB) has launched a new index, Bucharest Exchange Trading Energy, Utilities and Financials (BET-EF), dedicated to the... more
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Raiffeisen Bank Ends H1/2024 with RON820M Net Profit, Down 6.17% from H1/2023 07.30.2024
Raiffeisen Bank Romania, the sixth largest bank by assets, ended the first half of 2024 with RON820 million net profit, down 6.17% from the... more
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Romanian Builders Start Developing Own Infrastructure Prefab Plants 07.30.2024
Supply crunches and the desire of no longer depending on suppliers have pushed several Romanian builders to invest in their own building materials... more
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Sonaca Aerospace Transilvania Sees 2023 Turnover Rise 4,6% To RON62.3M 07.30.2024
Aircraft parts manufacturer Sonaca Aerospace Transilvania, the local subsidiary of Belgian group Sonaca, for 2023 reported turnover worth RON62.3... more
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Mark Twain International School Builds Two New Campuses Near Bucharest, Readies Investments of around EUR15M 07.30.2024
Private school Mark Twain International School will in 2024 start building a Flagship Campus in the area of Balotesti, which will be able to... more
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Olint Com Revenue Shrinks 30.7% To RON130.7M In 2023 07.30.2024
Olint Com, based in Radauti, Suceava County, which operates in production, trade and distribution of building and interior design materials and is... more
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Italy’s Manni Group, Which Owns Isopan In Romania, Creates Joint Venture With Marcegaglia Steel 07.30.2024
Italy’s Manni Group, which owns insulating panel maker Isopan in Romania, has signed a joint venture agreement with Marcegaglia Steel for the... more
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One United Properties Increases Credit Facility For One Cotroceni Park Office By EUR20M 07.30.2024
The management of real estate developer One Untied Properties (ONE.RO) on Monday notified the Bucharest Stock Exchange about the conclusion of an... more
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Finance Ministry Raises RON713M From Banks On July 29 07.29.2024
Romania's Finance Ministry raised RON713 million from banks on Monday (July 29), after reopening a discounted Treasury certificate issue due in... more
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CFA Romania Analysts Expect Inflation Rate To Reach 4.6% By June 2025 07.29.2024
Economic analysts expect the inflation rate to go down over the next 12 months to reach an average of 4.6% in June 2025 and see the leu... more
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Constantin Bratu Returns As GM Of Brewers Of Romania Association 07.29.2024
Brewers of Romania Association announces the appointment of Constantin Bratu as general manager of the organization as of August 1. He succeeds... more
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Second Largest Private Pension Fund In Romania AZT Viitorul Tau Buys Into Arobs Transilvania Software 07.29.2024
AZT Viitorul Tau, the second largest Pillar II private pension fund in Romania after NN Pensii, has bought into Arobs Transilvania Software... more
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Boston Consulting Group: Romanians’ Financial Wealth Will Grow by 9% Per Year on Average in Next 5 Years from $300B in 2023 07.29.2024
Romanians’ financial wealth will expand by 9% on average per annum in the next five years, 1% above the average projected for Eastern Europe and... more
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Deloitte Romania Assisted WDP in Acquisition of Three Logistic Parks in EUR110M Deal 07.29.2024
Deloitte Romania assisted Belgian real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea... more
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INS: Romanian Execs Predict Rising Prices in Services, Retail Trade, Constructions and Industry in July-September 2024 07.29.2024
Romanian executives expect price hikes in services, retail trade, constructions and the processing industry, in line with a survey conducted by the... more
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iSTYLE Romania 2023 Turnover Up 6%, To almost RON600M 07.29.2024
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The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
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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
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Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
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Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
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The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
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The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
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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
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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
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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.