Foreign Direct Investment In Romania’s Trade Overshoots EUR20B Mark in 2023
today, 09:39
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector continued to put money into development, Romania’s central bank data show.
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PPC Renewables Starts Construction Of New Wind Power Plant, In Vaslui County
07.31.2024
PPC Renewables, the subsidiary fully owned by PPC Group, has started the construction of a new wind power plant with an installed capacity of 140... more
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Leroy Merlin Seeks To Open Five New Stores In Romania Until 2026
07.31.2024
Do-it-yourself (DIY) store chain Leroy Merlin Romania is planning to open five new stores until 2026, including a unit in the town of Pitesti, in... more
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Electrica Sets Up JV With EsyaSoft Holding To Expand Its Portfolio With New Business Segments For Energy Transition
07.31.2024
Electrica and EsyaSoft Holding Ltd. of Dubai, UAE, part of the International Holding Company (IHC) Group, will set up a joint-stock company that... more
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Coca-Cola Unveils New Marketing Director For Its Romanian Operations
07.31.2024
Coca-Cola Romania, the local division of The Coca-Cola Company, has announced that Iuliana Nedelcu, who has so far held the position of Marketing... more
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PwC Romania: Romania Capital Market Hit over RON300B Bourse Capitalization in 2023, Up over 45%
07.31.2024
The Romanian capital market reached a bourse capitalization of over RON300 billion in 2023, up over 45% from 2022 amid the successful listing of... more
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Competition Council Looks Into OMV Petrom’s Acquisition Of Tenersolar Park, Enerintens Solar, CIL PV Plant
07.31.2024
The Competition Council is analyzing the transaction through which OMV Petrom SA intends to acquire, together with RES Terranet Holding SRL, the... more
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Sameday Continues Its Expansion In Hungary With Acquisition Of Pactic Group
07.31.2024
Sameday, one of the largest parcel delivery companies in Romania, continues to develop its regional delivery infrastructure with the acquisition of... more
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France’s LPR-La Palette Rouge Leases 3,800 Sqms in ELI Park Ploiesti
07.31.2024
LPR-La Palette Rouge, a logistics company providing pallet pooling services in the retail and FMCG industry, has signed a leasing contract for... more
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TeraPlast Group Ends H1/2024 with RON428M Turnover, Up 34%, RON6.6M Losses
07.31.2024
TeraPlast group ended the first half of this year with RON428 million turnover, up 34%, and RON6.6 million losses amid the RON3.8 million... more
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Bucharest Stock Exchange Convenes Shareholders to Approve Business Plan of Central Counterparty Project
07.31.2024
The Bucharest Stock Exchange’s Board of Governors has convened the Extraordinary General Meeting of Shareholders for September 3-4 to authorize... more
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OMV Petrom Rakes in RON2.6B Net Profit in H1/2024, Up 178% vs H1/2023
07.31.2024
OMV Petrom, Romania’s largest oil and gas producer, reported RON2.62 billion net profit for the first half of this year, up 178% from the... more
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Vertiv Romania Raises 2024 Estimates
07.31.2024
Vertiv group, a provider of critical digital infrastructure solutions and IT&C support services, present locally via Vertiv Romania subsidiary,... more
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Sergiana Group Set to Invest EUR4M in Meat Product Plants
07.31.2024
Sergiana group of Brasov has an investment plan that includes renovation of several restaurants part of its portfolio, the expansion of the... more
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Lear Corporation Romania Sees 14% Growth In Revenue To RON1.642B In 2023
07.30.2024
Automotive component manufacturer Lear Corporation Romania, part of US’ Lear Corporation, posted RON1.642 billion (EUR332.1 million) revenue in... more
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Leanpay Raises EUR10M Funding
07.30.2024
Slovenian startup Leanpay, which has been present in Romania with its Buy Now Pay Later (BNPL) digital lending solution since 2023, has raised a... more
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Cafea Fortuna Profit Triples To RON28M In 2023
07.30.2024
Cafea Fortuna, the leading Romanian-held coffee producer, ended 2023 with RON255 million revenue, an increase of 15% year-on-year, Finance Ministry... more
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Marelvi 2023 Turnover Down 2.3% YOY To RON340M
07.30.2024
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, reported a turnover of RON340 million... more
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Roca Industry Plans To Sell Bonds Of RON50M Tops
07.30.2024
The Board of Directors of Roca Industry Holdingrock1 (ROC1.RO), the Romanian holding of construction materials companies, has called its... more
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Fortim Trusted Advisors: Bucharest Remains The Most Dynamic Office Lease Market In H1/2024
07.30.2024
Capital city Bucharest remained the most dynamic office lease market in the first half of 2024 too, with local companies covering 84% of the total... more
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City Grill Group Reports 18% Higher Turnover, Of EUR31M, Carries Out EUR1.5M Investments In H1/2024
07.30.2024
City Grill Group, one of the leading actors in the Romanian restaurant industry, founded by Dragos Petrescu, ended the first half of 2024 with a... 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.