Romania Forex Reserves Shrink To EUR62.8B In October 2024
today, 18:22
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September, Romania’s central bank announced on Friday (November 1, 2024).
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Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas... more
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Romgaz Calls Shareholders To Vote On Delisting GDRs Traded On London Stock Exchange 08.05.2024
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Norway's Visma Increases Its Ownership Stake In Keez 08.05.2024
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INVL Renewable Energy Fund I Gets EUR24M Financing From EBRD And Eiffel Investment Group For 60 MW Solar Power Plant In Romania 08.05.2024
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide EUR24.4 million funding to INVL... more
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Finance Ministry Raises Nearly RON1.54B From Banks Via Two Bond Issues On August 5 08.05.2024
Romania's Finance Ministry raised RON1.54 billion from banks on Monday (August 5), selling government paper in two auctions, at annual average... more
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eMAG Launches Shop-In-Shop For Apparel, Footwear And Accessories 08.05.2024
Online retailer eMAG is launching a new online shop-in-shop with apparel, footwear and accessories, called Fashion Shop, which sells more than one... more
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Video Game Developer Amber Acquires Colombian Developer Madbricks 08.05.2024
Amber, a video game development agency headquartered in Bucharest and with offices worldwide, has announced the acquisition of Colombian game... more
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Romania's Competition Council Conducts Checkups At Several Car Repair Shops 08.05.2024
Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry... more
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CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY 08.05.2024
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 months of 2023... more
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Universum Events SRL Ends 2023 With RON28M Turnover, Up 39% YoY 08.05.2024
Universum Events SRL, the company organizing tech events such as Bucharest Technology Week and GoTech World, ended 2023 with a turnover of RON27.7... more
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How to Web Media SRL Reports RON2M Turnover For 2023, Down 9% YoY 08.05.2024
How to Web Media SRL, the company organizing the How to Web tech conference, had a turnover of RON1.98 million in 2023, down 9% from 2022, as per... more
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Statistics Board: New Passenger Vehicle Registrations Surge 17.3% YoY In Q2/2024 08.05.2024
New registrations of road vehicles for passenger transport increased by 17.3% in the second quarter of 2024 compared to the second quarter of 2023,... more
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Garanti BBVA Romania Reports RON319M Revenues, Up 30% in H1/2024. Net Profit Tops RON78M 08.05.2024
Garanti BBVA, a bank part of Garanti BBVA Romania group, ended the first half of 2024 with net revenues worth RON319.6 million, up 30.6% from the... more
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Filip & Company Assisted Digi Subsidiary in Buying Nowo Communications 08.05.2024
Law firm Filip & Company assisted the Portugal subsidiary of telecom group Digi in the sealing of a contract to acquire the shares issued by... more
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One United Properties Gets Greenlight for One Technology District Developed for Infineon Technologies Offices, in EUR57M Contract 08.05.2024
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has... more
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Sweden’s OX2 Sells Romania 99 MW Wind Project to Nala Renewables for EUR214M 08.05.2024
Swedish group OX2, one of the newly entrants on the local green energy market, has sealed its first sale agreement for a 99.2 MW onshore wind... more
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OnePlus: Romania Smartphone Market Rises by 5-6% By Value in H1/2024, Stalls at 1.5 Sold Units 08.05.2024
In the first half of this year, around 1.5 million smartphones were sold in Romania, flat from the year-earlier period, with the market growing... more
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STC Partners Buys 4,400-Sqm Land Plot from Olaru Family for EUR7.2M 08.05.2024
STC Partners, the developer run by Adi Steiner, former project manager at Strabag Romania, has signed with Olaru family for the acquisition of a... more
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Romanian Airline Tarom Carried Just 900,000 Passengers in H1/2024, Announces Turnaround Plan 08.05.2024
State-owned airline Tarom, which has been struggling for over a decade to return into the black, in the first half of this year carried only... more
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Grocery Retailer Annabella Completes Second Retail Park in Valcea County, in EUR5M Investment 08.05.2024
Local entrepreneur family Mutu, which owns food retailer Annabella and can producer Raureni, has invested EUR5 million in the group’s second... 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.