Romania Forex Reserves Rise To EUR62.13B In December 2024
01.03.2025
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).
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Genesis Property: 63% Of Employees Already Work Exclusively From The Office, 13% Opt For 3-4-Day Workweek In The Office 11.21.2024
The return to the office has continued to grow in 2024 as employees increasingly feel the need for direct interaction with colleagues, and... more
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MedLife Opens The New MedLife Craiova Hospital 11.21.2024
Private healthcare network MedLife continues its expansion plans by inaugurating the new MedLife Craiova Hospital, following a nearly EUR6 million... more
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BCR Partners Up With Softlead For SME Access To Technology And Funding 11.21.2024
Banca Comerciala Romana (BCR) and Softlead, a marketplace in Romania that helps companies to choose the right software solution, based on their... more
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E.ON: EV Charging Station Installations, Up around Tenfold Against 2020 11.21.2024
E.ON Energie Romania in the first 10 months of 2024 installed over 100 EV charging stations, public and private ones, thus going beyond 550 units... more
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Stay Fit Gym Becomes Largest Fitness Center Chain in Romania 11.21.2024
Stay Fit Gym has become the network with the biggest number of centers opened in Romania and Eastern Europe with the launch of its 47th unit in... more
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New Car Registrations in Romania Up 5.4% YOY in Jan-Oct 2024 To over 127,000 Units 11.21.2024
New passenger car registrations in Romania during the January-October 2024 period rose by 5.4% from the year-earlier period, to 127,061 units,... more
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5 to go Likely to Reach 670 Coffee Shops By End-2024 11.21.2024
5 to go coffee shop chain is likely to reach around 670 coffee shops by yearend. more
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Romania Banking System Boasts Record High RON11.5B Net Profit in 9M 2024 11.21.2024
The still high interest rates and continued lending aided Romania banking sector generate an RON11.5 billion record high net profit in the first... more
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Verdino Derives 50% of Sales from Abroad 11.21.2024
Catalin Neacsu, category manager at Verdino Green Foods, a major plant-based food producer in Romania, says exports account for around 50% of total... more
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Fermador Owners Explore Company Sale 11.21.2024
Mihalache family, which owns Fermador group of Iasi, which operates on the poultry market and had turnover of around RON240 million last year, are... more
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Home Appliance Maker AETA (Formerly Electroarges) Makes RON8.1M Loss In 9M, 2024 11.20.2024
AETA Curtea de Arges (ELGS.RO), formerly Electroarges, ended the first nine months of 2024 with a loss of RON8.1 million, compared with a loss of... more
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Electrica Shareholders Called To Vote On Approving EUR253M Wind Farm Investment 11.20.2024
The Board of Directors of electricity supplier and distributor Electrica (stock symbol: EL) has called shareholders for a meeting on February 5,... more
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EIB Lends EUR200M To Romania's Delgaz Grid For Electricity System Upgrades 11.20.2024
The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in... more
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UniCredit Bank Lists RON750M Bond Issue On Bucharest Stock Exchange On November 20 11.20.2024
A RON750 million bond issue of UniCredit Bank, part of Italy’s UniCredit Group, was registered with the Bucharest Stock Exchange on Wednesday,... more
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Nuclearelectrica Makes RON478.8M Term Deposit With Exim Banca Romaneasca 11.20.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON478.8... more
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Gomag Expects Over EUR3.5M Turnover At End- 2024, Up 30% YoY 11.20.2024
Romanian company Gomag, which puts an e-commerce platform at the disposal of online stores, expects to end 2024 with an increase of over 30% in... more
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Teraplast Closes Acquisition Of 70% In Croatia’s Optiplast 11.20.2024
TeraPlast (TRP.RO), the largest polymer processor in Southeast Europe, has notified shareholders and investors of having closed the acquisition of... more
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Sinteza SA Oradea Signs Agreement With Lockheed Martin For Production Of Long-Term Storage Batteries In Romania 11.20.2024
Sinteza SA Oradea (STZ.RO), one of the largest local chemical companies, has signed a letter of intent with the US company Lockheed Martin to... more
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Amazon Closes Machine Learning Department In Romania 11.20.2024
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business... more
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SVN Report: Construction Permits For Residential Buildings In Bucharest Almost Halved Over Last Three Years 11.20.2024
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total... more
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.