Romania’s Trade Deficit Widens 17.7% YoY To EUR30B In January-November 2024
yesterday, 14:01
Romania's trade balance posted a deficit of EUR30 billion in January-November 2024, higher by EUR4.51 billion (+17.7%) compared to the same period of 2023, data from the country's statistics board INS showed on Friday (Jan. 10).
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Transilvania Investments Alliance Seeks To Buy Remaining Turism Felix Shares
11.04.2024
Turism Felix (TUFE.RO), a company that runs five hotels in Baile Felix resort in Bihor County, announced the Financial Supervisory Authority had... more
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Law Firm RTPR Assisted Oresa And Cristian Amza In La Fantana Sale
11.04.2024
Law firm RTPR assisted Swedish investment company Oresa and entrepreneur Cristian Amza in the sale of La Fantana Group, which has subsidiaries in... more
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Finance Ministry Raises RON500M From Banks On Nov 4
11.04.2024
Romania's Finance Ministry raised RON500 million from banks on Monday (Nov 4), selling government paper at an annual average yield of 6.04%. more
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Statistics Board: New Passenger Vehicle Registrations In Romania Up 4.7% YoY In Q3/2024
11.04.2024
New registrations of road vehicles for passenger transport increased by 4.7% in the third quarter of 2024 compared to the third quarter of 2023,... more
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UniCredit Completes Alpha Bank Romania Acquisition
11.04.2024
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from... more
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eMAG Expects Over RON800M In 2024 Black Friday Sales
11.04.2024
eMAG Group, one of the largest retailers in the region, is starting the 2024 Black Friday sales campaign on November 8 and expects to exceed RON800... more
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Masterbuild General Contractor & Developer Completes Works At Pitesti Shopping Park
11.04.2024
Masterbuild General Contractor & Developer has completed the works on Pitesti Shopping Park, developed by Square 7 Properties in partnership with... more
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Hidroelectrica And SINTEF To Access EUR214,459 Financing To Train Experts In Optimizing The Operation Of Hydropower Plants
11.04.2024
Romania's Hidroelectrica and Norway's SINTEF will access EUR214,459 financing through a mechanism of grants provided by Iceland, Liechtenstein and... more
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Signal Iduna Asigurare Reasigurare Buys Majority Stake In Garanta Asigurari
11.04.2024
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, announces the signing of an agreement for the acquisition of... more
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Garanti BBVA And European Investment Fund Team Up To Offer EUR30M In Guarantees To Support Romanian Companies
11.04.2024
Garanti BBVA and the European Investment Fund (EIF) have signed an agreement to provide guarantees of minimum EUR30 million to enhance... more
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Ruxandra Tarlescu Takes The Helm Of PwC Romania’s Tax And Legal Department
11.04.2024
PwC Romania has announced Ruxandra Tarlescu took over the leadership of PwC Romania’s Tax and Legal Department from Daniel Anghel, starting... more
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Eco Garden Construct Buys 13 Ford Explorer EVs with Market Value of around EUR500,000
11.04.2024
Ford RMB Inter Auto dealer of Cluj last month delivered a fleet of 13 Ford Explorer electric vehicles to Eco Garden Construct. With a listing price... more
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Meta Estate Trust Buys Land Plot Near Victory Square To Develop Office Building for Private Healthcare Player
11.04.2024
Meta Estate Trust, a holding company operating in the real estate field, has acquired a land plot near Bucharest’s Victory Square where it wants... more
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Romania Forex Reserves Shrink To EUR62.8B In October 2024
11.01.2024
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,... more
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Fast-Food Chain Hesburger Opens Fifth Restaurant In Romania
11.01.2024
Fast-food restaurant chain Hesburger has opened a new restaurant in the Baneasa Shopping Mall in Bucharest, following an investment of EUR0.5 million. more
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New Car Registrations Up 1.4% YoY To 11,552 Units In October 2024
11.01.2024
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association... more
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Appraisal & Valuation Posts 27% Increase In Revenue To RON5M In Jan-Sep
11.01.2024
Appraisal & Valuation (APP.RO), a company that provides real estate appraisal, consulting and development services, posted RON5.1 million revenue... more
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Axel Johnson Inc Buys La Fantana From Oresa Ventures And Cristian Amza
11.01.2024
Axel Johson Inc (AJI), a US company held by Swedish Johnson family, on Friday announced the acquisition of La Fantana S.R.L., one of the main... more
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Hyatt Looking At Bucharest For Expansion
11.01.2024
The Hyatt Group, which has recently signed the franchise agreement for the ARO Palace Hotel to be reopened under the Hyatt Regency Aro Palace... more
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Yildiz Entegre Romania Sees Revenue Down, Posts Loss In 2023
11.01.2024
Yildiz Entegre Romania, part of the Turkish group with the same name that operates the MDF factory in Oarja, Arges County, posted RON504.4 million... 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.