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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Competition Council OKs Acquisition Of Three Companies By OMV Petrom
09.30.2024
Romania's Competition Council approved the transaction through which OMV Petrom S.A. had taken over the companies Intertrans Karla SRL,... more
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Statistical Data: Foreign Direct Investment In Romania At EUR6.74B In 2023 vs Record High Of EUR10B In 2022
09.30.2024
Romania attracted foreign direct investments (FDI) totaling EUR6.74 billion in 2023, compared with a record level of EUR10 billion reported for... more
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NEPI Rockcastle Acquires Polish Magnolia Park Shopping Center From Union Investment For EUR373M
09.30.2024
NEPI Rockcastle, the largest owner, developer and manager of shopping centers in Central and Eastern Europe and the largest shopping mall owner in... more
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Statistics Board: Romania Housing Permits Up 7.9% YoY In August 2024
09.30.2024
Romanian authorities issued 3,360 residential building permits in August 2024, 3.6% fewer than in July 2024 and 7.9% more than in August 2023, data... more
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Ascendis Group Takes Over Cariere And HR Manager Magazines For RON1.5M
09.30.2024
Ascendis Group, the largest training and consulting company in the field of organizational development in Romania and the Republic of Moldova, has... more
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PwC Romania Promotes Daniel Anghel To Country Managing Partner As Of Oct 1
09.30.2024
PwC Romania has promoted Daniel Anghel to the position of Country Managing Partner, starting October 1, 2024. more
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CliftonLarsonAllen (CLA) Enters Romania by Acquiring Nexia CRG
09.30.2024
CLA Global Limited, a major international network of independent consulting and audit firms headquartered in London, has arrived in Romania by... more
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Life Group Invests over EUR1M in Two New Life Dental Spa Clinics in Bucharest and Timisoara
09.30.2024
Life Group, the brand under which dental clinics Life Dental Spa and VivoDental operate, has recently opened a kids’ dental center in... more
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Grup Serban Holding Almost Doubles Profit in H1/2024 To RON11M
09.30.2024
Entrepreneurial company Grup Serban Holding, active in several fields of agriculture, in the first six months of 2024 registered RON11 million net... more
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Installments of RON-Denominated Loans Contracted after 2019 Will Inch Up Starting October as IRCC Index Hits 5.99% Record High
09.30.2024
Installments of RON-denominated loans taken out after 2019 will edge up starting October as loan reference index IRCC rose from 5.86% in... more
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OMV Petrom Completes Acquisition of Photovoltaic Projects from Danish Company Jantzen Renewables
09.30.2024
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has finalized the acquisition of several photovoltaic parks from Danish... more
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Belis-Fantanele Compound to Reopen under Hampton by Hilton Brand in 2026 after One Year Delay
09.30.2024
Belis-Fantanele compound of Cluj county will reopen in the second half of 2026 under the Hampton by Hilton brand, the representatives of... more
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JT Grup Oil Reports RON109M Turnover And RON2.6M Net Profit For H1/2024
09.27.2024
Fuel wholesaler JT Grup Oil (stock symbol: GTG) had a turnover of RON108.8 million in the first half of 2024, slightly higher than the level... more
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Transgaz Gets New Funding For Strategic Projects; Invests EUR8.5M To Supply Isalnita And Turceni Power Plants
09.27.2024
Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) notified the Bucharest Stock Exchange in a report about the... more
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SelfPay Reports RON14M Net Profit For 1H/2024, Almost Threefold Higher YoY
09.27.2024
SelfPay, which owns the largest network of self-service payment terminals in Romania, with over 11,200 payment stations, has announced in its... more
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Romania Posts Budget Deficit Of RON81B, Or 4.57% Of GDP, YoY In January-August 2024
09.27.2024
Romania’s general consolidated budget posted a deficit of RON81 billion in January-August 2023, or 4.57% of gross domestic product (GDP), which... more
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Agroland Raises RON6.9M Via Bonds
09.27.2024
Romanian retail, agriculture and food entrepreneurial group Agroland Business System (AG.RO), which owns the largest network of farm supply stores... more
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Agroland Ends H1 2024 With 9% Growth In Revenue To RON207M
09.27.2024
Romanian retail, agriculture and food entrepreneurial group Agroland Business System (AG.RO), which owns the largest network of farm supply stores... more
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Leroy Merlin Owners Won’t Comment On Talks With Kingfisher Over Brico Dépôt
09.27.2024
The officials of France-based ADEO Group, held by the Mulliez family, which owns Leroy Merlin in Romania, will not comment on the information about... more
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Damen Galati Shipyard To Build Two Electric Ferries For Canada
09.27.2024
Damen has signed a contract with the City of Toronto (Canada) for the delivery of two ferries that will carry passengers and vehicles between the... 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.