European Commission Slashes 2024 Economic Growth Forecast For Romania From 3.3% To 1.4%
yesterday, 18:13
The European Commission has slashed its real GDP growth forecast for Romania to 1.4% in 2024 from the 3.3% estimated in the spring, the EC said on Friday (November 15).
-
Rituals Arrives In Romania With Its Own Store In September 08.26.2024
Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several... more
-
Romania Private Lending Rises 6.8% To RON403B YOY in July 2024 08.26.2024
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of... more
-
Affidea Invests EUR8M in Expansion and Equipment in H1/2024 08.26.2024
Affidea Romania, the largest player on the local medical imaging market, operated EUR8 million investments in the first half of 2024. more
-
Revolut Gets Beyond 4 Million Retail Client Threshold in Romania 08.26.2024
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second... more
-
Romania Will Have 9 Companies Included in the FTSE Global All Cap Indices Starting September 08.26.2024
Romania will have 9 companies included in the FTSE Global All Cap indices starting September after the shares of Transport Trade Services (TTS) are... more
-
Several Investment Funds Look to Become 5 To Go Stakeholders 08.26.2024
Several investment funds, including Morphosis Capital, ACP, Booster and Integral Venture, aim to join the shareholding structure of 5 to go,... more
-
UniCredit Bank Makes RON947M Consolidated Net Profit In H1, Up 43% YoY 08.23.2024
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the... more
-
Competition Council Conducts Unannounced Inspections At Profi Premises And Stores In Timisoara And Bucharest 08.23.2024
Romania's Competition Council has conducted unannounced inspections at the premises and stores of the company Profi Rom Food SRL in the cities of... more
-
Tuca Zbarcea & Asociatii Assists La Cocos Founders in Deal with EBRD, CEECAT Capital and Morphosis Capital Fund II 08.23.2024
Law firm Tuca Zbarcea & Asociatii has assisted Romanian entrepreneurs Gianina and Iulian Nica, the founders of food retail chain La Cocos in... more
-
EBRD and Two Investment Funds Want to Turn La Cocos into “Unicorn” 08.23.2024
The European Bank for Reconstruction and Development (EBRD) and private equity funds CEECAT Capital Fund and Morphosis Capital Fund II invested... more
-
Deloitte Assisted AFI Europe in Buying Bucharest Financial Plaza from Immofinanz 08.23.2024
Deloitte Romania assisted real estate developer AFI Europe in acquiring office building Bucharest Financial Plaza from Immofinanz group. more
-
Farmaceutica Remedia Budgets RON14M for Investments in 2024 08.23.2024
Farmaceutica Remedia, a major player on the local drug wholesale market, has earmarked total investments of over RON14 million for 2024. more
-
Trans SESE Steps Into The Black In 2023 08.22.2024
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, returned to profit in 2023, with net... more
-
Purcari Expands Presence In Dealu Mare With Acquisition Of 51 Hectares Of Vineyards 08.22.2024
Purcari Wineries Public Company Limited (WINE.RO) on Thursday announced its Romanian subsidiary, Crama Ceptura, had performed a strategic asset... more
-
Biofarm's Net Profit Plunges 17% YoY To RON42M In H1/2024 08.22.2024
Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first half of 2024 with net profit of RON42 million, down 17% from RON50.2... more
-
Cocor Bucuresti Ends H1/2024 With RON2.6M Net Profit, Nearly Threefold Higher YoY 08.22.2024
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, reported net profit of RON2.6 million for the first half... more
-
Vegetable Oil Producer Argus Constanta Borrows RON67M From Banca Transilvania 08.22.2024
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of... more
-
Oil Terminal And Euronova Energies Sign Partnership Agreement For Construction Of Bitumen Terminal In Port of Constanta 08.22.2024
Romanian state-run port operator Oil Terminal (stock symbol: OIL) has announced in a stock market report on August 22 that it signed a partnership... more
-
Anca Luca Takes Over As Chief Growth Officer At InnovX Startup Accelerator 08.22.2024
Anca Luca, who has been a community manager for startups within Banca Comerciala Romana (BCR) over the last years, was recruited by the InnovX... more
-
Alina Iacomi Appointed Chief Operating Officer At ING Italy 08.22.2024
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer... more
The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of
more
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
more
Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local
more
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated
more
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the
more
The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by
more
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
more
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
moreAnalysis
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.