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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Arghezi 4 Office Building In Downtown Bucharest Attracts Four New Local Businesses As Tenants
07.25.2024
Italian restaurant Sciccheria, coffee shop Steam, artisanal gelateria Velocita, and artisanal patisserie French Revolution, all of them local... more
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Crayon Romania 2023 Turnover Up 42% To over RON191.2M
07.25.2024
Crayon Romania, a company specializing in professional IT services and software license resale, part of Norwegian group Crayon, ended 2023 with... more
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Law Firm PeliPartners Assists WDP in Acquiring over 135,000 Sqms of Logistic Spaces and Land Plots in EUR110M Deal
07.25.2024
Law firm PeliPartners has assisted WDP, a major logistic space developer in Romania, in acquiring a portfolio that includes 136,374 square meters... more
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Vodafone Romania Reports 6.6 Million Mobile Telephony Clients for Q1 of Fiscal Year 2025
07.25.2024
Vodafone, a major player on the local IT&C market, part of the British group of the same name, for the first quarter of fiscal year 2025, ended in... more
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Lenovo Romania: Local PC Market Down to around 920,000 Units in 2023, Set to Reach 1 Million-Unit Threshold in 2024
07.25.2024
PC sales on the Romanian market in 2023 revolved around 920,000 units, down from 2022, when 980,000 units were sold, in line with IDC data, on the... more
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Turkey’s Martur Automotive Hits RON1B Turnover, Up 12%, with Oarja Plant
07.25.2024
Automotive seating systems producer Martur Automotive Seating and Interiors, controlled by Turkey’s Martur, which built a plant from scratch in... more
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UniCredit Bank Generates EUR184M Profit in Romania in H1/2024, Up 39%
07.25.2024
Italian group UniCredit for the first half of 2024 reported net profit worth EUR184 million from Romania operations, up around 39% from the gain of... more
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US’ Fluor Corporation And RoPower Sign FEED 2 Contract For Project Development
07.24.2024
US-held Fluor Corporation and RoPower, the project company for the small modular reactor project on Wednewsday signed an agreement for the second... more
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Car Auction Platform Direktcar.ro Launches In Romania
07.24.2024
Direktcar.ro, an auto auction platform Romanians can use to buy or sell cars from wherever they are and five times faster than in any other way, is... more
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Certinvest Launches Fourth Fund In 10 Months
07.24.2024
Certinvest, the first independent fund manager in Romania, has announced the launch of FIA Certinvest Sector Focus, an alternative investment fund... more
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Fitch Ratings Assigns Digi Communications IDR Rating Of ‘BB’, Stable Outlook
07.24.2024
Telecommunications operator Digi Communications (DIGI.RO) on Thursday announced on the Bucharest Stock Exchange that Fitch Ratings had assigned it... more
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New Retail Park On Valea Prahovei In Sinaia
07.24.2024
Imo Invest Total is inaugurating Sinaia Plaza on Thursday, the first retail center built from scratch on Valea Prahovei, which comes with a... more
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Orange Romania Posts EUR699M Turnover in H1/2024, Down 8%
07.24.2024
Orange group, the largest player on the local communications market, in the first six months of 2024 generated consolidated turnover worth EUR699... more
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Investimental Reaches over 2,000 Clients and RON370M Handled Deals One Year After Launch
07.24.2024
Investimental, the newest broker on the local capital market, has reached a number of 2,100 unique clients, in line with the company’s report for... more
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Packeta Romania Almost Doubles Network of Online Stores and Partner Sellers
07.24.2024
Packeta Romania, a global digital platform of e-commerce, member of Packeta Group, has extended its network of online stores and partner sellers to... more
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Sugar Producer Agrana Halts Sugar Refining Activities at Buzau Plant
07.24.2024
Agrana Romania, the largest player on the sugar market, says it halted the refining process at the Buzau plant back in November 2023. more
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Chip Producer NXP Semiconductors Rakes in RON415M Turnover in Romania in 2023, Up 42% YOY
07.24.2024
Chip manufacturer NXP Semiconductors, which has a software development center in Romania, reported higher turnover, profit and average number of... more
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Romanian Ice Cream Maker Cicom Budgets 11% Higher Turnover for 2024
07.24.2024
Cicom, a top five ice cream producer in Romania, for 2024 has budgeted RON89.5 million turnover, up 11% from 2023, thus continuing the upward trend... more
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Romania Airports Register 11.8 Million Passengers in H1/2024, Up 5% from H1/2023
07.24.2024
Local airports continued to witness growth and in the first six months of 2024 recorded 11.8 million passengers, a 5% advance from the same period... more
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Star Transmission 2023 Turnover Up 7.5% from 2022 To RON420.5M
07.24.2024
Star Transmission of Cugir, Alba county, the local arm of Mercedes-Benz AG, for 2023 reported turnover worth RON420.5 million (EUR85 million), up... 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.