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.
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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
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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
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Statistics Board: Average Monthly Labor Cost At RON7,374/Employee In 2023
09.26.2024
The average gross monthly earnings registered at the level of the national economy in 2023 were RON7,042, higher by 15.0% (+RON916) than the... more
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Da Vinci New Project Gets EUR7.5M Funding from Libra Internet Bank to Build Photovoltaic Park in Nanov
09.26.2024
Da Vinci New Project, a company wholly owned by Alive Capital, in its turn part of Premier Energy PLC group, has got a EUR7.5 loan from Libra... more
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Prospectiuni Bucuresti Ends H1/2024 with RON91M Turnover, Down 23%, RON3.8M Net Profit, 54% Lower vs H1/2023
09.26.2024
Geological surveying company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, in the first half of this year registered RON91.3... more
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Simtel Team and Monsson Aim to Build Together Photovoltaic and/or Hybrid Projects of 150 MWp and Energy Storage Facilities
09.26.2024
Engineering and technology company Simtel Team has sealed a partnership with Monsson group, the largest renewable energy project developer in... more
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Sparkling Wine Producer Zarea 2023 Turnover Rises 25.8% To over RON211M
09.26.2024
Zarea, a major player on Romania’s alcoholic beverages market, controlled by Poland’s Ambra, for 2023 reported turnover worth above RON211... more
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Belgium’s Carmeuse Holding Rakes In RON63.2M Net Profit in 2023, Up 30.5% YOY
09.26.2024
Carmeuse Holding, which owns three plants in Romania producing lime, in 2023 posted turnover worth RON281.8 million (around EUR57 million), down... more
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Steel Pipe Distributor Comtech Co Slatina Sees Profit Slide 2.5 Times in 2023 To RON7.8M
09.26.2024
Steel pipe distributor Comtech Co Slatina, owned by Romanian entrepreneur Constantin Goanta, in 2023 registered turnover worth around RON151.7... more
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Furniture Maker Simex Posts 18.3% Turnover Decline in 2023, To RON35.2M
09.26.2024
Furniture manufacturer Simex, headquartered in Simleu Silvaniei, Salaj county, for 2023 reported turnover worth RON35.2 million (EUR7.1 million),... more
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Soufflet Agro Romania Sees Revenue Down In 2023, Posts Loss
09.25.2024
Soufflet Agro Romania, part of France’s Soufflet Group., posted RON217.5 million (some EUR44 million) revenue in 2023, 36% lower than the... more
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P3 Discussing Potential Exit From Romania At An 8% Yield
09.25.2024
Singapore sovereign wealth fund GIC might be considering the sale of P3’s logistics project in Romania, according to real estate market data, and... more
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Fondul Proprietatea’s Buyback Offer 686% Oversubscribed
09.25.2024
Fondul Proprietatea (FP.RO) on Wednesday evening notified the Bucharest Stock exchange that total subscription in its public tender offer conducted... more
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Romgaz Starts Process To Delist Its GDRs From London Stock Exchange
09.25.2024
Natural gas producer and supplier Romgaz (SNG.RO) on Wednesday notified the Bucharest Stock Exchange that it had commenced the process of delisting... more
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MAM Bricolaj Net Profit Doubles YoY To RON420,552 In 1H/2024
09.25.2024
DIY retailer MAM Bricolaj (stock symbol: MAM), which sells furniture materials and accessories, reported net profit of RON420,552 for the first... more
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Leroy Merlin To Open Its First Store In Pitesti On Oct 2
09.25.2024
Do-it-yourself (DIY) store chain Leroy Merlin will be opening its 22nd store in Romania and its first in the town of Pitesti, on October 2, 2024. more
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Schaeffler Romania Sends To Furlough Notices To Employees In Brasov
09.25.2024
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, is planning to implement a number of cost cutting solutions soon, as four... more
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CBRE Romania Partners Up With Access4you
09.25.2024
CBRE Romania is strengthening the presence of its ESG & Sustainability Solutions division in the commercial real estate sector through its latest... more
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easySales Survey: 50% Of Consumers Placed 1-3 Online Orders In Last 30 Days
09.25.2024
The online commerce has significantly developed over the last years and the volume and frequency of orders is constantly growing, as per a survey... more
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Agroland Agribusiness Reports RON31M in H1/2024, Up 7% YOY; Net Profit Climbs 15%
09.25.2024
Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of agricultural inputs, registered... 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.