Transgaz Budgets over EUR9B Worth of Investments for Next 10 Years
12.30.2024
Romania’s state-run national gas transmission company Transgaz has earmarked EUR4.16 billion for 13 major investment projects related to gas transmission, scheduled for completion in 2025-2033, in line with data included in the Development Plan for the National Gas Transmission System.
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Fondul Proprietatea Initiates Process of Delisting from London 12.13.2024
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their... more
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Romanian Startup ESX Reaches 500,000 Users, Eyes International Expansion 12.13.2024
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user... more
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Romanian Medtech Startup Medicai Sees Revenues Double in Past Year 12.13.2024
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025. more
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Airline Dan Air Reaches 13 Destinations, 187,000 Transported Passengers in First Year of Operations at Bacau Airport 12.13.2024
Dan Air, the airline founded by former pilot Dan Uhas, has transported 187,000 passengers and launched flights to 13 destinations in the first year... more
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Kaufland Opens Its Second Unit In Calarasi, Reaches 187 Hypermarkets In Romania 12.12.2024
German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania. more
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Hidroelectrica Signs Memorandum Of Collaboration With Technical University Of Civil Engineering Of Bucharest 12.12.2024
Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has... more
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PwC: Stability And Predictability, The Main Challenges For Investors In Romania In 2025 12.12.2024
While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the... more
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Finance Ministry Raises EUR2.2B From Banks Via Two Bond Issues On Dec. 12 12.12.2024
Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average... more
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Distributie Energie Electrica Romania To Contract Up To EUR200M Loan From European Investment Bank 12.12.2024
The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up... more
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Owner Of Bucharest's Unirii View Office Building Gets EUR29.5M Credit Facility From BCR To Refinance Bank Loan 12.12.2024
The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit... more
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Eurial Invest Delivers Over 500 Vehicles For Cris-Tim Group's Car Fleet 12.12.2024
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has concluded a partnership with Cris-Tim Group through which the... more
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PartnerVet Acquires SpeedVet Clinic In Bucharest 12.12.2024
PartnerVet, the main player in developing local veterinary services, announces the integration of Bucharest-based SpeedVet clinic into its network... more
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Retele Electrice Romania, Part Of PPC Group, Launches RON23M Tender For Modernization Of Remote Control Systems 12.12.2024
The company Retele Electrice Romania, part Of PPC Group in Romania, has launched a RON23 million public tender, through the SEAP platform, aiming... more
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MedLife Inaugurates Medici’s Hospital In Timisoara In Wake Of Over EUR25M Investment 12.12.2024
Private healthcare network MedLife has announced in a press statement on Dec. 12 the official opening of MedLife Medici’s Hospital, a... more
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Romania Average Net Salary Up 0.8% In October 2024 vs September 2024 12.12.2024
The average net salary in Romania inched 0.8% higher in nominal terms in October 2024 compared to September 2024, to 5,268 (EUR1,059), data from... more
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Catinvest Invests EUR12M in 60-Unit Apart-Hotel in ElectroPutere Parc Craiova 12.12.2024
French real estate group Catinvest is expanding its footprint in Oltenia with the opening of Aparthotel Craiova, a EUR12 million investment in... more
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Romanian Startup Parol Raises EUR1.2M Funding 12.12.2024
Romanian startup Parol, which is developing an end-to-end technology that helps doctors and medical clinics provide better care to patients, saving... more
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OVES Enterprise Expects EUR20M Consolidated Turnover in 2024, Almost Double 2023 Level 12.12.2024
OVES Enterprise, a software producer of Cluj-Napoca, expects 2024 consolidated turnover of around EUR20 million, almost double against 2023. more
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Footwear Retailer Benvenuti Forecasts almost RON200M Turnover for 2024 12.12.2024
Footwear retailer Benvenuti, majority controlled by local entrepreneur Dan Pavel, expects to end the current year with turnover of around RON200... more
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PartnerVet Aims to Reach 40 Vet Clinics in Next Four Years 12.12.2024
PartnerVet, a business founded by Ioan Masca, but which has also attracted major investors such as Ferenc Korponay and Sacha Dragic in its... 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.