Banca Transilvania’s Long-Term Deposit And Issuer Rating Outlook From Moody’s Changed From Stable To Positive
today, 14:33
Moody's Ratings has today affirmed the Baa2 long- and short-term deposit ratings and the Baa3 long- and short-term issuer ratings of Banca Transilvania S.A. (TLV.RO). The outlook on the long-term deposit and issuer ratings was changed to positive from stable.
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Statistics Board: Romanian Construction Works Down 2.5% YoY In January-June 2024
08.20.2024
The volume of construction works decreased, in unadjusted data, by 2.5% in January-June and by 2.2% when adjusted for the number of working days... more
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Competition Council Greenlights Acquisition Of Astir Vitagiannis Bros. S.A. By Guala Closures S.p.A.
08.20.2024
Romania's Competition Council approved the transaction through which Italy's Guala Closures S.p.A plans to take over Greece's Astir Vitagiannis... more
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Helbako Electronica Sees Revenue Up 27%, Net Profit Up 31% In 2023
08.19.2024
Helbako Electronica, the local subsidiary of Germany's Helbako GmbH, posted RON223.6 million (EUR45.2 million) revenue in 2023, up 27% from the... more
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Metropolitan Life Pensii Private Bought 35% Of MedLife Shares Traded On Bucharest Stock Exchange In June
08.19.2024
One Pillar II pension fund, Metropolitan Life Pensii Private, bought 35% of the MedLife (M.RO) shares traded on the Bucharest Stock Exchange in... more
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Finance Ministry Raises RON682M From Banks On August 19
08.19.2024
Romania's Finance Ministry raised RON682 million from banks on Monday (August 19), selling government paper at an annual average yield of 6.55%. more
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Sipex Company Ends H1 With RON158M Revenue, Up 9%
08.19.2024
Sipex Company (SPX.RO), a distributor of construction supplies, with 27 years in business, on Monday announced having ended the first half of 2024... more
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Avioane Craiova Sees Revenues Treble in H1/2024, Switches to Profit
08.19.2024
Avioane Craiova, an aircraft manufacturer controlled by the Romanian state, in H1/2024 registered total revenues worth RON74.4 million, almost... more
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Clifford Chance Assisted Erste Group and BCR in Funding Development of 99.2 MW Onshore Wind Project Nala Renewables Acquired from OX2
08.19.2024
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project... more
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Romania’s Fiscal Council: Budget Gap Likely to Top 7% of GDP in 2024
08.19.2024
The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary... more
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CFA Romania Analysts Project 4.4% Inflation for Next 12 Months, Falling Leu, Flat Housing Market Prices, Rising Public Debt and Budgetary Gap
08.19.2024
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value... more
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Motorola Solutions Romania Sees 2023 Turnover Drop 25% in 2023 To RON78.8M
08.19.2024
Motorola Solutions Romania, the local subsidiary of the US company of the same name, a provider of emergency communications solutions, reported... more
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Canon Production Printing Romania Ends 2023 with RON60M Turnover, Up 8% YOY
08.19.2024
Canon’s Timisoara software research and development center had a stable headcount in 2023 and higher turnover than in 2022. more
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SoftOne Romania 2023 Turnover Soars 88% To over RON8M
08.19.2024
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, reported turnover of RON8.2 million (EUR1.6 million)... more
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Slovenian Startup Leanpay Wants to Attract More Partners in Romania, Expand Bucharest Team
08.19.2024
Leanpay Romania, the local subsidiary of Slovenian startup specializing in BNPL-type services, aims to reach 1,000 partners by end-2025 as Romania... more
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Sweden’s Medicover Eyes Romania Medical Center Consolidation
08.19.2024
Medicover, Romania’s third largest private healthcare provider, the subsidiary of the Swedish group of the same name, plans to consolidate the... more
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Investment Fund Oresa Industra Aims to Double Its Iasi Logistics Area
08.19.2024
Oresa Industra currently has a 77,000-sqm portfolio concentrated in two logistic projects, a 35,000-sqm project in Iasi, and a 42,000-sqm one in Arad. more
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Romanians Spend RON3.4B on Kids Clothes and Footwear
08.19.2024
Romanians are expected to spend RON3.4 billion on kids’ clothes and footwear this year, over four times less than on women’s clothes and shoes,... more
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Transgaz Reports RON176M Net Profit For H1/2024, Up 150% YoY
08.16.2024
The shares of Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) traded up 4.4% on August 16 at the Bucharest... more
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Vrancart Switches To RON8.4M Loss In H1/2024 vs RON8.5M Net Profit In Year-Earlier Period
08.16.2024
Corrugated cardboard manufacturer Vrancart Adjud (stock symbol: VNC) reported loss of RON8.4 million for the first half of 2024, compared with net... more
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Pentalog Romania Merged With Pentalog HR Romania On June 30
08.16.2024
Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L., the subsidiaries of software company Globant, merged at the end of June 2024, as per... 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.