New Car Registrations in Romania Up 8% To over 100,000 Units in Jan-August 2024 YOY
yesterday, 09:25
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
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Nuclearelectrica Makes RON265.8M Term Deposit with Exim Banca Romaneasca
06.20.2024
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON265.75... more
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Agroland Business System Plans RON10M Bond Issue
06.20.2024
Agroland Business System (AG.RO), a Romanian retail, agriculture and food group, which owns the largest farming supplies retail chain in the... more
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Romania Central Bank's 2023 Profit Hits 14-Year High, At RON2.4B
06.20.2024
Romania's central bank reported profit of RON2.4 billion for 2023, the highest level of the last 14 years and more than double the profit recorded... more
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Romania's Central Bank Unveils Official Ranking Of Ten Largest Banks In 2023
06.20.2024
The official ranking of the ten largest banks in Romania in 2023, published by the country's national bank BNR in the annual report for 2023, lists... more
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New Car Registrations In Romania Up 14.7% YoY To 15,643 Units In May 2024
06.20.2024
New car registrations in Romania advanced 14.7% in May 2024 against the same period of 2023, to 15,643 units, data from the Romanian and European... more
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STC Partners Secures EUR10M Financing From Banca Transilvania For Expansion Of Realty Project In Bucharest
06.20.2024
Real estate developer STC Partners has obtained EUR10 million financing from lender Banca Transilvania for the development of Phase II of the... more
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Visual Fan Set To Distribute RON4M Dividends, At 4% Yield
06.20.2024
Electronic device maker Visual Fan (ALW.RO), owner of Allview brand, is calling shareholders for July 26 to approve the distribution of dividends... more
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Competition Council: Digi Wants Prepaid Users, Radio Spectrum, Tower And Equipment Network From Telekom Mobile
06.20.2024
Digi Romania (RCS&RDS) Group plans to buy the prepaid user base from Telekom Romania, along with the „radio spectrum (the licenses bought from... more
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Tech-Con Industry Romania Relocates Offices And Warehouse To VLPark Bucharest West
06.20.2024
Tech-Con Industry Romania, a member of the Tech-Con Group, a leading player in the automation market, has relocated its offices and warehouse to... more
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Finance Ministry Raises RON518M From Banks On June 20
06.20.2024
Romania's Finance Ministry has raised RON518 million from banks on Thursday (June 20), selling government paper at an annual average yield of 6.27%. more
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EY: 67% Of Investors See Romania's Attractiveness As Investment Destination On The Rise Despite 13% Fall In FDI Projects In 2023
06.20.2024
Although the number of foreign direct investment (FDI) projects in Romania in 2023 decreased by 13%, investor optimism remains strong, with 67%... more
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Delgaz Grid Aims To Upgrade Transformer Stations, High Voltage Networks; To Boost Network Capacity
06.20.2024
Delgaz Grid, part of E.ON Romania group, has so far submitted 20 investment projects which total RON3.3 billion and target SMART metering, the... more
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Romania Records a New Decline in Packaging Waste Recycling
06.20.2024
Romania continues to face major challenges in managing and recycling packaging waste, with the latest data showing that the country has recycled... more
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Turkey’s Agir Global Buys Romania Subsidiary of Greek Sidma Group
06.20.2024
Agir Global, a steel producer of Turkey, has entirely acquired Steel Service Center Sidma Romania SRL, a subsidiary of Greek Sidma Group. more
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Romania’s Cleverage VC Participates in inHEART $11M Funding Round
06.20.2024
inHEART, a medical devices company, in early May 2024 raised $11 million to to drive commercial growth of its therapeutic software solution for... more
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Mobile Vet & Mobile Pet Chain Opens Fourth Clinic in Bucharest in Wake of EUR500,000 Investment
06.20.2024
The network of vet clinics Mobile Vet and veterinary pharmacies Mobile Pet is opening its fourth clinic in Bucharest, in the wake of a EUR500,000... more
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Clifford Chance Badea Assists EBRD and OTP Bank in Lending EUR93M to Israeli Group for Construction of 102 MW Wind Park in Romania
06.20.2024
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted the European Bank for Reconstruction and Development... more
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Agora Robotics Aims to Raise EUR3M to Develop Production Line for Sweep Cleaning Robot
06.20.2024
Romanian startup Agora Robotics, a spin-off from private R&D project Modulab that has developed an autonomous cleaning robot called Sweep, wants to... more
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Czech TESLA Postpones Deadline for Braila Plant Completion to Mid-2025
06.20.2024
TESLA Energy Storage, a company set up in June 2022, but which is part of Czech group TESLA, a producer of energy equipment, was due to start in... more
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International Alexander: 20% of Business Comes from Abroad
06.20.2024
Romanian-held logistic and freight forwarding group Alexander of Arad, gets 20% of its business from foreign markets. 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.