Colliers: Romania Still One of the Most Affordable Real Estate Markets in the Region
yesterday, 11:00
Romania houses are still among the most affordable in CEE, as average wages have risen in the past five years at a faster clip that housing market prices, reveals the latest analysis quoted by Colliers.
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Law Firm Clifford Chance Badea Assisted Alpha Bank Group in Sale of Majority Stake in Alpha Bank Romania to UniCredit
11.05.2024
Law firm Clifford Chance Badea has assisted Alpha Bank Group and Alpha Bank Romania S.A. with regard to all the aspects of Romanian law for the... more
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DN Agrar’s Compost Factory Becomes Operational in Wake of EUR1.8M Investment
11.05.2024
Entrepreneurial company DN Agrar, which manages Romania’s largest integrated livestock farm, has announced the start of the operational... more
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Santierul Naval Orsova Seals EUR8.5M Worth of Contracts with Dutch Company Rensen-Driessen For River Vessel Construction
11.05.2024
Shipbuilder Santierul Naval Orsova has sealed two contracts with Dutch-held Rensen-Driessen Shipbuilding for the construction of two river vessels. more
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Ukrainian Retailer Aurora Reaches 25 Stores in Romania
11.05.2024
Ukrainian retailer Aurora Multimarket, which entered the Romanian market in the autumn of 2023, by opening its first store in Suceava, has now... more
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COMES Savinesti Budgets EUR28M Turnover for 2025
11.05.2024
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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Transilvania Constructii 2023 Turnover Up 9% To over RON45M
11.05.2024
Transilvania Constructii, a company that develops, owns and manages industrial properties under TRC Parks network, controlled by Timofte family of... more
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Investment Fund Innova Capital Makes Three Acquisitions and One Exit in Less Than Two Years
11.05.2024
Innova Capital, a major financial investor in CEE, has made three acquisitions and an exit on the local market in the past two years. more
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Textile Manufacturer Pandora Prod Doubles Profit In 2023
11.04.2024
Focsani-based textile manufacturer Pandora Prod, owned by the Simiz family, posted RON292.2 million (more than EUR59 million) revenue in 2023, up... more
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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
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.