Romania Forex Reserves Rise To EUR62.13B In December 2024
01.03.2025
Romania's foreign exchange reserves stood at EUR62.13 billion at the end of 2024, an increase of 4% on the RON59.7 billion at the end of 2023, Romania’s central bank announced on Friday (January 3, 2024).
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Zentiva Group Announces Intention To Delist Zentiva Romania From Bucharest Stock Exchange 11.14.2024
Drug producer Zentiva (SCD.RO) on Thursday announced the decision of the Financial Supervisory Authority on the approval of the notice that the... more
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Erste Group Cuts Romania's 2024 GDP Growth Forecast To 0.8% From 1.9% 11.14.2024
Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic... more
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Romanian Mihai Ionescu To Run KingsRock Advisors Business In Eastern Europe 11.14.2024
Mihai Ionescu, former CEO of Deutche Bank Romania, was recruited by KingsRock Advisors, a global independent financial advisory firm headquartered... more
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Cushman & Wakefield Echinox: Demand For Logistics And Industrial Spaces Reached 575,000 Sqm In Jan-Sept 2024, Down 20% YoY 11.14.2024
The demand for logistics and industrial spaces reached 575,000 square meters in the first nine months of 2024, which is lower by 20% compared with... more
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Wizz Air Adds New Aircraft To Its Bucharest Base, Unveils New Route 11.14.2024
Low-cost carrier Wizz Air has announced on Nov 14 the expansion of its Bucharest base with the addition of an Airbus A321neo aircraft in the summer... more
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Statistics Board: Romania's Economy Grows 1.1% In Q3/2024 vs Q3/2023 11.14.2024
Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged... more
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IMMO GURU Marks Its Debut On AeRO Market Of Bucharest Stock Exchange 11.14.2024
IMMO GURU, a company that operates in the field of renting own real estate as short-term and long-term accommodation, has made its entry to the... more
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Infinity Capital 9M 2024 Net Profit Soars 180% To RON138M 11.14.2024
Alternative investment fund Infinity Capital Investments ended the first nine months of 2024 with RON137.8 million net profit, 179% above the... more
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Alumil Ends 9M 2024 with RON88M Revenues, RON4.7M Net Profit 11.14.2024
Alumil Rom Industry, a leader on the aluminum systems market, reported RON87.7 million revenues for the first nine months of 2024, up 4%... more
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Meta Estate Trust Sees Revenues Rise 65% in Jan-Sept 2024, To RON25M. Net Profit Inches Up 11.14.2024
Real estate holding Meta Estate Trust posted RON25.5 million revenues in January-September 2024, 65% above the year-earlier level. more
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Banca Transilvania Convenes Shareholders To Vote on Merger by Absorption with OTP Bank Romania and BT Building 11.14.2024
The board of directors of Banca Transilvania, Romania’s largest lending institution, has convened the Extraordinary General Meeting of... more
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Furniture Maker Elvila Halves Turnover To RON8.2M in 9M 2024; Losses Narrow To RON4.8M 11.14.2024
Furniture maker Elvila, controlled by businessman Viorel Catarama, halved its turnover in the first nine months of 2024 to around RON8.2 million,... more
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Digi Communications Ends Jan-Sept 2024 with EUR1.4B Revenues, EUR435M EBITDA 11.14.2024
Telecom operator Digi Communications reported EUR1.4 billion revenues in the first nine months of 2024, up from EUR1.2 billion, and EBITDA of... more
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Transelectrica Reports RON1.74B Operating Income, Up 16%, and RON410M Net Result on Segment of Activity with Allowed Profit in 9M 2024, Double 2023 Level 11.14.2024
Romania’s national grid company Transelectrica in the first nine months of 2024 regisyered RON1.74 billion operating income, up 16%, mainly due... more
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Nuclearelectrica 9M 2024 Net Profit Down 35% To RON1.2B 11.14.2024
Nuclearelectrica, Romania’s sole nuclear energy producer, ended the first nine months of 2024 with RON3.39 operating income, down 40% from the... more
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WE AS WEB Expects to End 2024 with EUR32M Turnover, EUR5M Net Profit 11.14.2024
Software developer WE AS WEB forecasts it will end 2024 with EUR32 million turnover, up 28% from 2023, and EUR5 million net profit. more
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Medicover Romania Aims to Expand to Major Cities It Is Not Present In, Yet 11.14.2024
Medicover, the third largest private healthcare provider by turnover locally, looks to expand in areas where it is not present in, yet, according... more
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Nuclearelectrica Seeks Shareholder Approval For $98M Loan For Subsidiary Ropower Nuclear 11.13.2024
Ropower Nuclear SA, the project company for the development of small modular reactors in Romania, set up by Nuclearelectrica (SNN.RO) and Nova... more
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Bakery Producer Lidas Sees Revenue Up Almost 50% To RON 163.5M In 2023 11.13.2024
Lidas, a company held by entrepreneur Elena Anastase, which owns an industrial bakery in Mineri, Tulcea County, and its own network of stores,... more
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Survcontrol Agro Revenue Down 17.8% To RON371.9M In 2023 11.13.2024
Survcontrol Agro, a company that sells farm inputs such as seeds and feed, as well as grain, posted RON371.9 million (EUR75.2 million) revenue in... 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.