Romania Forex Reserves Rise To EUR62.13B In December 2024
yesterday, 22:03
Romania's foreign exchange reserves stood at EUR62.13 billion at the end of 2024, an increase of 4% on the RON59.7 billion at the end of 2023, Romania’s central bank announced on Friday (January 3, 2024).
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Finance Ministry Raises RON710M From Banks On Dec 2 12.02.2024
Romania's Finance Ministry raised RON710 million from banks on Monday (Dec 2, 2024) selling benchmark bonds, at an annual average yield of 7.18%. more
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New Car Registrations Up 2.6% YoY In January-November 2024 12.02.2024
New car registrations grew by 2.6% in January-November 2024 compared with the same period of 2023, data from the Automotive Manufacturers and... more
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Dentons Advises CEC Bank On Update Of Its Medium-Term Note Program, On EUR300M Senior Non-Preferred Eligible Notes Issuance 12.02.2024
Global law firm Dentons has announced in a press statement on Dec 2 that it has advised CEC Bank on the update of its existing Medium-Term Note... more
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Romania Unemployment Rate At 5.4% Month-On-Month In October 2024 12.02.2024
Romania’s unemployment rate stood at 5.4% in October 2024, lower by 0.2 percentage point compared to September 2024, data from the country’s... more
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Hesburger Opens Sixth Restaurant In Romania, In Mega Mall 12.02.2024
Hesburger, the largest fast-food chain in Finland and a famous brand all over Europe, has opened its sixth restaurant in Romania, in Mega Mall,... more
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Moldovan Carmangerie Seeks to Hire 36 People at Sannicoara Plant 12.02.2024
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, currently has 36 jobs available for the... more
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ETI Craiova Sweets Plant Reports almost RON266M Turnover in 2023, Up 45.6% 12.02.2024
Sweets producer ETI European Food Industries, part of Turkish group ETI, in 2023 posted turnover worth around RON266 million (EUR53.8 million), up... more
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Romanian Entrepreneur Jean Drugescu Invests EUR42M in Plastics Plant to Deliver to Renault 12.02.2024
MP Industry, part of MEN Industry Group, a company controlled by Romanian entrepreneur Jean Drugescu, has invested almost EUR42 million in... more
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Russia’s Kaspersky Decides To Close Romanian Company After 16 Years 11.29.2024
Russian cybersecurity solutions provider Kaspersky decided on September 1 to close its company in Romania, which it had established 16 years... more
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End Of An Era: Franklin Templeton Leaves Fondul Proprietatea 11.29.2024
US’ Franklin Templeton, which has been managing Fondul Proprietatea in recent years, has announced it decided to it would not seek a new term as... more
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Socep Signs Contract For RON92M Non-Repayable Funding 11.29.2024
Port operator Socep Constanta (SOCP.RO) on Friday notified the Bucharest Stock Exchange of having signed the contract for RON92 million funding to... more
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Agroland Business System Reports RON264M Revenue, Nearly RON6M Net Profit For Jan-Sept 2024 Period 11.29.2024
Entrepreneurial group Agroland Business System (stock symbol: AG), which owns the largest farm supply store chain in Romania, ended the first nine... more
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Electricity Distribution Companies Part Of PPC Group In Romania Merge Under The Name Reţele Electrice Romania 11.29.2024
The electricity distribution companies Reţele Electrice Muntenia, Reţele Electrice Dobrogea and Reţele Electrice Banat, part of the PPC Group in... more
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Statistics Board: Romania Housing Permits Up 5.4% YoY In October 2024 11.29.2024
Romanian authorities issued 3,165 residential building permits in October 2024, 9.3% fewer than in September 2024 and 5.4% more than in October... more
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InterCapital AM Aims to Launch New ETF at BVB with Exposure to EUR-denominated Govt Bonds 11.29.2024
InterCapital Asset Management, the largest independent investment manager in Croatia, with EUR550 million assets under management, intends to... more
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Turkish Group Koç Opens Procurement Platform in Romania 11.29.2024
Turkish group Koç, Türkiye’s largest private holding, present in Romania via Arctic, Beko, Grundig, Ford and Otokar brands, is bringing the... more
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Vista Bank Getting Ready To Issue Up To EUR100M Worth Of Bonds 11.28.2024
Vista Bank (formerly Marfin) wants to raise cash over the next five years via senior, subordinated and convertible corporate bonds, denominated in... more
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Competition Watchdog Probes National Institute Of Hydrology And Water Management For Alleged Abuse Of Dominant Position 11.28.2024
Romania's Competition Council announced on Nov 28 that it had conducted an unannounced inspection at the headquarters of the National Institute of... more
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Softbinator Switches To RON1.4M Profit In Jan-Sept 2024 vs RON2.3M Loss In Year-Earlier Period 11.28.2024
Softbinator Technologies (stock symbol: CODE), a Romanian provider of full software development services (product management, product design,... more
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IPROEB Bistrita Posts 63.6% Higher Net Profit In 9M 2024 11.28.2024
IPROEB Bistrita (IPRU.RO), Romania's leading manufacturer of cables and conductors, posted a net profit of RON18 million in the first nine months... 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.