Transgaz Budgets over EUR9B Worth of Investments for Next 10 Years
12.30.2024
Romania’s state-run national gas transmission company Transgaz has earmarked EUR4.16 billion for 13 major investment projects related to gas transmission, scheduled for completion in 2025-2033, in line with data included in the Development Plan for the National Gas Transmission System.
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Romanian Army Signs EUR857M Contract with Turkish Otokar for Supply of COBRA II Tactical Armored Vehicles 11.28.2024
The Romanian Army, via Romtehnica, a company representing the Romanian Ministry of Defense (MApN), has signed with Turkish land systems... more
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Visual Fan (Allview) Profit Rises 56% in January-September 2024 11.28.2024
Electronic device maker Visual Fan, which owns Allview brand, for the first three quarters of 2024 reported RON5.1 million net profit at group... more
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JT Grup Oil 9M 2024 Net Profit Up 69% 11.28.2024
Fuel wholesaler JT Grup Oil ended the first nine months of 2024 with RON5.9 million net profit, 69% above the year-earlier level. more
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Holde Agri Invest Narrows Down Losses To RON16M in 9M 2024 11.28.2024
Holde Agri Invest, one of the largest farmland operators in Romania, registered RON16 million losses during the January-September period, from a... more
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INS: Romanian Execs Foresee Rising Prices in Constructions, Retail Trade and Services in Next 3 Months 11.28.2024
Romania managers expect rising prices in the processing industry, constructions, retail trade and services in the next three months, in line with a... more
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CFA Romania Analysts Say Romania Economy Performed Below Potential in 2024 and Will Continue To Decelerate in 2025 11.28.2024
CFA Romania financial analysts’ economic growth outlooks continue to deteriorate, with the latest survey pointing to a 1.6% value, while for 2025... more
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Electrica Set to List Bonds on BVB in March-April 2025 11.28.2024
Electrica, a major player on Romania’s electricity distribution and supply market, is readying to list bonds on the Bucharest Stock Exchange,... more
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Irish CRH Group Appoints Andreea Ionita As CEE Digital & Innovation Director 11.27.2024
Andreea Ionita was recruited by Irish CRH Group, a significant player on the construction materials market, for the position of CEE Digital &... more
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SanoVita Expects Revenue To Go Up 10% To RON90M In 2024 11.27.2024
Healthy food company SanoVita expects revenue to reach RON90 million by the end of 2024, an increase of 10% on 2023, its officials say. more
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Norofert Ends Jan-Sept 2024 Period With 10% Increase In Revenue And 24% Surge In Net Profit 11.27.2024
Norofert (stock symbol: NRF), a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market... more
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Finance Ministry Raises EUR348M From Banks Via Two Bond Issues On Nov 27 11.27.2024
Romania's Finance Ministry raised EUR348 million from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average... more
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Valentina Seiciu Takes The Helm Of Turkish Agritech Tarfin 11.27.2024
Tarfin, a Turkish agri fintech enterprise focused on helping farmers obtain essential agricultural inputs, has appointed Romanian Valentina Seiciu... more
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Renault Commercial Roumanie Could Lose Nissan Brand As Of June 1, 2025 11.27.2024
The imports of the Nissan brand could go to a new consortium as of June 1, 2025, sources on the Romanian auto market say. more
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Brand Management: Romania's Indoor Advertising Market Seen Growing 17% In 2024 11.27.2024
The Romanian indoor advertising market is expected to grow by 17% in 2024, way above the average of the Romanian advertising market as shopping... more
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Optima Group Becomes Optima Technology, Set To Speed Up International Expansion In European Markets For 2025 11.27.2024
Optima Group, a global leader in technology solutions and inventory services for fixed assets and stock, has undergone a rebranding process as... more
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McKinsey & Company Appoints Ovidiu Tisler Managing Partner Of Bucharest Office 11.27.2024
Strategic management consultancy McKinsey & Company has appointed Ovidiu Tisler managing partner of its Bucharest office, following his election as... more
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Romania’s Gross Minimum Wage Goes Up From RON3,700 To RON4,050 On Jan 1, 2025 11.27.2024
The gross minimum wage guaranteed in payment will rise to RON4,050 from RON3,700 per month from January 1, 2025, Prime Minister Marcel Ciolacu... more
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Reff & Associates | Deloitte Legal Assisted Damen Galati Shipyard In Getting EUR25M Financing From Exim Banca Romaneasca 11.27.2024
Reff & Associates | Deloitte Legal assisted Damen Galati Shipyard in obtaining EUR25 million financing from Exim Banca Romaneasca, which will be... more
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ING Bank Romania Ends 9M 2024 with RON2.83B Revenues, Up 13.5%. Loan Portfolio Expands by 16% 11.27.2024
ING Bank Romania ended the first nine months of 2024 with RON2.83 billion revenues, up 13.5% from the year-earlier period, while its loan portfolio... more
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Agroland Agribusiness 9M 2024 Net Profit Up 13% To RON1.5M 11.27.2024
Agroland Agribusiness, part of Agroland group, specializing in farming input sales, registered RON1.5 million net profit in January-September 2024,... 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.