Vodafone and Digi Agree To Jointly Buy Telekom Romania Mobile from OTE/Deutsche Telekom
yesterday, 11:20
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
-
Fidelis, 19th Edition: Romanians Can Buy Government Bonds In October 2-11 Period
09.27.2024
Romania's finance ministry has announced that it will carry out a new issue of Fidelis government bonds for retail investors between October 2 and... more
-
Transelectrica Signs New EUR64M Contract With Energy Ministry
09.27.2024
National grid operator Transelectrica (TEL.RO) notified the Bucharest Stock Exchange about the signing with the Energy Ministry of a new financing... more
-
UK’s Kingfisher In Talks To Sell Brico Dépôt In Romania
09.27.2024
UK’s Kingfisher Group, which owns DIY retailer Brico Dépôt in Romania, is in talks to sell the operations in the country, market sources told ZF. more
-
Norofert Reports RON1.8M Net Profit in H12024, Down 40% vs H1/2023
09.27.2024
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, ended H1/2024 with a RON1.8 million net... more
-
Bucharest Stock Exchange Unveils the 15 Finalist Companies of BVB Arena 2024 Program
09.27.2024
The names of the 15 finalist companies of BVB Arena 2024 program were disclosed last night at the already renowned Gala in the framework of the BVB... more
-
CEC Bank Group Rakes in RON280M Net Profit in H1/2024
09.27.2024
CEC Bank Group in the first half of this year generated RON279.8 million net profit, with the Bank’s net profit reaching RON269.5 million. more
-
Romanian Startup Aysa.ai Launches Adverlink.net Solution
09.27.2024
Romanian startup Aysa.ai, a search engine optimization software dedicated to the e-commerce industry, has recently launched a new solution, called... more
-
Pluria Boasts Strong Expansion in Latin America
09.27.2024
Romanian startup Pluria, which in 2020 launched a platform via which company employees have access to flexible workspaces, adapted to the new... more
-
Hirsch Porozell Posts RON192.1M Turnover in 2023, Down 20% YOY
09.27.2024
Expanded polystyrene producer Hirsch Porozell ended 2023 with turnover worth RON192.1 million (EUR38.8 million), down around 20% from 2022, in line... more
-
Prysmian 2023 Turnover Down 11.5% To RON1.797B
09.27.2024
Prysmian Cabluri si Sisteme, part of Italian group Prysmian, for 2023 reported turnover worth RON1.979 billion (EUR363.4 million), down 11.5% from... more
-
Heineken Starts Strongbow Cider Production in Miercurea Ciuc
09.27.2024
Heineken Romania, the second largest brewer locally, has in 2024 started Strongbow cider production at Miercurea Ciuc plant, according to the... more
-
Net Assets Of Romanian Open-End Equity Funds Inch Up 1% To EUR5.2B In August 2024
09.26.2024
The net assets of the 95 open-end equity funds operating in Romania edged 1% higher in August 2024 and grew by 25.6% so far in 2024, up to RON25.6... more
-
Banca Transilvania Raises EUR700M Via Bond Issue Maturing In 2030
09.26.2024
Romanian lender Banca Transilvania (stock symbol: BT) has announced in a press statement that it sold EUR700 million in bonds on September 25,... more
-
Alro Slatina Gets New CEO As Gheorghe Dobra Steps Down And Is Replaced By Marin Cilianu
09.26.2024
Aluminum producer Alro Slatina (ALR.RO) on Thursday announced the appointment of a new chief executive officer, Marin Cilianu during the Board of... more
-
Auchan Continues Investment In ATAC Hiper Discount Chain
09.26.2024
Retailer Auchan continues to invest in the ATAC Hiper Discount store network, which reaches seven stores, with the latest openings taking place in... more
-
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
09.26.2024
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
09.26.2024
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
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.