Economic Confidence Rises in March, but CFA Analysts Caution about Main Risk for Romania Economy: Possible Downgrade to Junk

yesterday, 11:22
The Macroeconomic Confidence Index of CFA Romania Association in March rose by 7.3 points to 43.9 points, exclusively on the increase of the anticipations component of the index, while the current conditions component was relatively unchanged.
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Irina Urechean Takes Over As General Manager Of Unilever Ice Cream Romania And Moldova
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Anglo-Dutch giant Unilever, a leading player on the consumer goods market, has appointed Irina Urechean to the position as General Manager of... more
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Sameday, Held By eMag Group, Buys 24.9% Stake In Zitec
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Sameday, held by eMag Group and one of the leading players in the courier services industry, has become shareholder in IT and digital marketing... more
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Deloitte: Use Of Gen AI Will Double Electricity Consumption Of Global Data Centers By 2030
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As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is... more
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Banca Transilvania Announces Successful Completion of Merger with OTP Bank Romania
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Banca Transilvania, the largest lending institution in Romania, has announced the successful completion of its merger with OTP Bank Romania in the... more
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Foraj Sonde Videle 2024 Turnover Up 20% YOY. Profit Drops 4% To RON18.4M
03.03.2025
Oil drilling company Foraj Sonde Videle posted RON167.3 million turnover in 2024, up 29.2% from 2023. more
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Rompetrol Well Services Ends 2024 with RON10M Profit, Down 13% YOY
03.03.2025
Rompetrol Well Services, one of the leading wellbore special services companies in Romania, registered RON10.3 million net profit in 2024, 12.6%... more
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iBanFirst: Trump’s 25% Threatened Tariffs on EU Products Set to Dent Romania Exports
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Trump’s 25% threatened tariffs on EU products risk to pummel the local economy as the US is Romania’s second largest trade partner after UK,... more
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THR Marea Neagra Reports 72% Lower Profit for 2024
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Turism, Hoteluri, Restaurante Marea Neagra, a company that manages several seaside hotels, for 2024 reported RON9.8 million net profit, down 72%... more
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Romcab Switches to RON114M Loss in 2024 from RON16M Profit in 2023
03.03.2025
Cable producer Romcab Targu-Mures, which is under judicial reorganization and whose main stakeholder has entered bankruptcy, ended 2024 with a... more
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Strong Start to 2025: Lild Opens Nine Stores in Romania in February
03.03.2025
German retailer Lidl on Thursday, February 27, opened four new stores, in Ploiesti, Galati, Campina and Bolintin Vale. more
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Premier Energy Profit Down, Revenue Up In 2024
02.28.2025
Premier Energy (PE.RO), one of Romania's largest natural gas suppliers, also active in the renewable energy business, posted EUR24.2 million profit... more
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Nuclearelectrica Sees Net Profit Down 32% To RON1.7B In 2024
02.28.2025
Nuclear power producer Nuclearelectrica (SNN.RO) posted RON1.7 billion net profit in 2024, a 31.9% decline on the RON2.5 billion of 2023, the... more
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Zentiva Revenue Up 17% To Over RON1.1B In 2024
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Pharmaceutical producer Zentiva (SCD.RO), a company suspended from trading pending delisting from the Bucharest Stock Exchange, following... more
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Aerostar Bacau Ends 2024 With RON96M Net Profit
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Aerostar Bacau (ARS.RO), a supplier of aerostructures, subassemblies and hydraulic systems for global manufacturing programs, ended 2024 with... more
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IAR Brasov Makes RON32M Net Profit In 2024, 33% Higher YoY
02.28.2025
IAR Brasov (IARV.RO), which makes spare parts for and repairs helicopters, posted RON32.1 million net profit in 2024, 33.4% higher than in 2023,... more
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US Software Company TaxDome Ends First Year In Business In Romania With Almost RON600,000 Revenue
02.28.2025
TaxiDome, a software company established in New York in 2017, which provides management solutions for accounting firms and entered Romania in 2024,... more
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Transgaz Doubles Net Profit To RON391M In 2024
02.28.2025
State-run national gas transmission system operator Transgaz (TGN.RO) doubled its net profit to about RON391 million in 2024, while revenue rose... more
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Digi Posts EUR1.9B Revenue And RON540M Profit In 2024
02.28.2025
Telecommunications operator Digi (DIGI.RO), an entrepreneurial business controlled by businessman Zoltan Teszari, posted EUR1.92 billion revenue in... more
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Furniture Retailer Mömax Set to Open Unit in Vitantis Shopping Center
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Mömax, a furniture retailer part of Austrian chain XXXLutz, will open a store of around 5,000 square meters in Vitantis Shopping Center, announced... more
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Reff & Asociatii and Deloitte Romania Assisted UE Furniture in Acquisition of Rus Savitar
02.28.2025
A multidisciplinary team made up of Reff & Asociatii | Deloitte Legal lawyers and financial and tax consultants part of Deloitte Romania assisted... more

Romania’s economic growth is forecast to pick up gradually to 3.1% in 2025 and 3.6% in 2026, while its public finances will continue
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Romania ended 2024 with a current account deficit of EUR29.3 billion, higher by nearly EUR7.8 billion than in 2023, central bank data
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Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania
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Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the
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Romania’s economy enters 2025 with positive long-term prospects, but with significant challenges in the year ahead, Colliers
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Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of
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Romanian investors last year spent EUR577 million on acquisitions in the region, three times more than in 2023, in line with data from
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Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded
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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.