EY: Romania Granted EUR1.3B via State Aid in 2019-2023
12.23.2024
The total value of state aid approved in Romania during the 2019-2023 period reached EUR1.3 billion and 62% of approved state aid projects were granted to foreign companies, shows an EY Romania analysis.
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Mircea Cotiga Takes Over As CEO Of TechVentures Bank 12.10.2024
Mircea Cotiga, with 16 years of experience in the financial sector and six years as entrepreneur, has taken over the position of Chief Financial... more
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Romania's Antitrust Watchdog Sets Off Inquiry Into Sporting Goods Market 12.10.2024
Romania's Competition Council has announced in a press statement on Dec. 10 that it has launched an investigation into possible anti-competitive... more
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Romania's Central Bank Approves Internal Regulation On General Framework For Emergency Liquidity Assistance 12.10.2024
Romania's central bank has announced in a press statement on Dec.10 that its Board of Directors approved on September 30, 2024 the Internal... more
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BCR Seed Starter Announces Its First Investment: EUR500,000 In FieldOS 12.10.2024
BCR Seed Starter, the first corporate venture capital (CVC) company established by a bank in Romania, has announced its first investment, of... more
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Regina Maria Relocates Policlinica Baneasa Clinic To Baneasa Airport Tower Building In Wake Of EUR5M Investment 12.10.2024
Private medical clinics chain Regina Maria has announced the relocation of the Policlinica Baneasa clinic to the Baneasa Airport Tower building,... more
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Romania’s Trade Deficit Widens 17% YoY To EUR27B In January-October 2024 12.10.2024
Romania's trade balance posted a deficit of EUR27.21 billion in January-October 2024, higher by EUR3.99 billion (+17.2%) compared to the same... more
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Colliers: Romania Real Estate Investment Market Ends 9M 2024 with Deals of Nearly EUR650M, Boasting Strongest Deal Activity Growth in CEE 12.10.2024
The Romanian real estate investment market ended the first three quarters of 2024 with deals worth almost EUR650 million, around three times more... more
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Techbolide Signs with Sweden’s Vastint to Relocate Headquarters to Business Garden Bucharest Project from Orhideea 12.10.2024
Techbolide, a developer of software solutions and IoT technologies, is relocating its central headquarters to office compound Business Garden... more
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Largest Baltic Area Investment Fund Buys Paper Maker Pehart Grup Romania 12.10.2024
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic area, has signed an agreement for stock acquisition in Pehart Grup, one... more
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IPEC Alba Iulia Ends 2024 with EUR27.6M Turnover 12.10.2024
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of... more
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Stay Fit Gym Aims to Reach 70 Fitness Centers in 2025 12.10.2024
Fitness center network Stay Fit Gym continues investments and accelerated growth and wants to reach around 70 units countrywide by end-2025,... more
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MedLife Eyes Further Expansion 12.10.2024
MedLife group, the largest private healthcare player by turnover in Romania, aims to expand further, either via acquisitions, or by opening new... more
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ArcelorMittal Hunedoara Reduces Business Activity, Cuts Salaries Amid Lack Of Orders 12.10.2024
Steel mill ArcelorMittal Hunedoara (stock symbol: SIDG) is temporarily scaling down its business operations during December 9 - 31, 2024 period... more
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Shipbuilder Santierul Naval Severnav Signs EUR4.5M Contract For Ship Hull Construction 12.09.2024
Romanian shipbuilder Santierul Naval Severnav (stock symbol: SEVE) based in Drobeta Turnu-Severin, has announced in a stock market report on Monday... more
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Raiko Transilvania Enters Insolvency Following Court Ruling 12.09.2024
Rainwater and Roofing Systems Producer Raiko Transilvania (stock symbol: RKOT) has announced in a stock market report on Dec. 9 that it has entered... more
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Life Group: Over 250,000 Romanians From Diaspora Expected In Romania In Dec For Winter Holidays, Dental Treatments 12.09.2024
Over 250,000 Romanians from diaspora are coming to Romania during the month of December for the winter holidays and many of them are set to undergo... more
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Digi Seeks To Get EUR62M From ING Bank To Develop Telecom Networks Of Subsidiaries In Romania, Spain, Portugal, Belgium 12.09.2024
Digi Romania S.A., as borrower, together with Digi Communications and Digi Spain Telecom S.L.U., as original guarantors, have entered into two... more
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Electrica Group Faces Cyberattack 12.09.2024
The Electrica Group has been the victim of a cyberattack on Monday (Dec. 9), the company has announced in a stock market report. more
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Finance Ministry Raises Nearly RON2B From Banks Via Two Bond Issues On Dec 9 12.09.2024
Romania's Finance Ministry raised roughly RON2 billion from banks on Monday (Dec 9.), selling government paper in two auctions, at annual average... more
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Bucharest Stock Exchange Launches Revised Corporate Governance Code For Romanian Market With EBRD Support 12.09.2024
The Bucharest Stock Exchange (BVB) has published on Monday (Dec. 9) the revised corporate governance code for the Romanian market, which was... 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.