Britain’s Vodafone Set to Open Cybersecurity Center in Romania in November
today, 09:34
Vodafone group will open a cybersecurity center in Romania this month serving several European markets, in line with an announcement the British company made in an investors report as it announced financial results for the first half of fiscal year 2025.
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Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments
08.07.2024
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local industrial sector. more
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Romanian Central Bank Cuts Key Rate To 6.50% A Year From 6.75% A Year
08.07.2024
Romania's central bank has decided at its Board meeting on Wednesday (August 7) to lower its benchmark interest rate to 6.50% a year from 6.75% a... more
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Competition Council Looks Into Takeover Of Toneli Holding And Toneli Eco Farms By Youssef Laoun and Toni Khoury
08.07.2024
Romania's Competition Council is assessing the transaction through which Youssef Laoun and Toni Khoury intend to acquire Toneli Holding SA and... more
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PPC Signs Agreement To Buy Evryo Group’s Renewable Energy Portfolio In Romania
08.07.2024
PPC Group (Public Power Corporation) has announced that it has signed an agreement with Evryo Group, owned by Macquarie Asset Management, to... more
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Deloitte: Romania Retains Third Position Among Countries with Cheapest Housing in Europe
08.07.2024
Romania continues to rank third among European countries with the cheapest housing, after Bosnia and Herzegovina and Greece, with an average price... more
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One United Properties Reports EUR123M Residential Sales and Pre-Sales in H1/2024, Up 2% from H1/2023
08.07.2024
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, reported residential... more
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Former Maravet Owner Enters PartnerVet Shareholding Structure
08.07.2024
Romanian entrepreneur Ferenc Korponay, known for having founded, developed and then sold Maravet petcare business, has entered the shareholding... more
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Edenred’s Romania Tech Hub Reaches 300 Employees in 5 Years
08.07.2024
Edenred Digital Center, the technology hub of Edenred group in Romania, has reached over 300 employees since its launch in Romania. more
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Altexpress Expects EUR2.5M Turnover in 2024, Up 50% YOY
08.07.2024
Altexpress, the courier and e-fulfillment services company founded in 2015 by Jordanian entrepreneur Maher Tarazi in Romania, estimates it will... more
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Evopack Enters Hungary Market
08.07.2024
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia... more
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Deltaica Seafood H1/2024 Turnover Flat from H1/2023
08.07.2024
Deltaica Seafood, which sells canned and prepared fish, ended the first half of this year with turnover similar with the H1/2023 level, though the... more
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Nitramonia BC 2023 Revenues Up 15% YOY
08.07.2024
Nitramonia BC, the company controlled by Eusebiu Gutu, Pambac owner, which manages Slobozia chemical compound, ended 2023 with RON2.4 billion, 15%... more
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Otopeni Airport Set to Undergo Modernization
08.07.2024
The Bucharest National Airport Company (CNAB), which manages Otopeni airport, has signed the contract for the modernization of Otopeni terminals. more
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Metropolitan Life Pensii Private Becomes Shareholder In Sphera Group
08.06.2024
Metropolitan Life Pensii Private, the third largest Pillar II private pension fund in Romania by assets, after NN Pensii and AZT Viitorul Tau, has... more
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Fidelis, 18th Edition: Romanians Can Buy Government Bonds In August 8-20 Period
08.06.2024
Romania's finance ministry has announced that it will carry out a new issue of Fidelis government bonds for retail investors starting August 8... more
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Rompetrol Well Services Concludes Nearly EUR30M Worth Of Contracts With OMV Petrom
08.06.2024
Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has announced in a stock market report on August 6 the... more
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European Investment Fund Provides Up To EUR35M Guarantees To Intesa Sanpaolo Bank For Romania SME Funding
08.06.2024
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, the leading banking group in Italy, has concluded a partnership with the... more
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Orange Romania Expands 5G/5G+ Mobile Network To Botosani; Set To Continue Infrastructure Expansion
08.06.2024
Orange Romania, the leader of the local telecom market, has announced the expansion of its 5G/5G+ mobile network to the town of Botosani. more
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Carmistin Invests EUR10M In Chicken Farm In Scornicesti
08.06.2024
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has invested EUR10 million in a chicken farm in... more
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Italy's De’Longhi Opens Third Plant In Romania, In Satu Mare
08.06.2024
Italian group De'Longhi, one of the world's largest actors in the small household appliances manufacturing market, has inaugurated its third... 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.