Romania Private Lending Annual Growth Slows Down in November to 8.8%
today, 11:15
Private lending rose by 8.8% in November against the same period of 2023, to a total amount of RON418 billion, after local currency loans increased by 11.5% and foreign currency ones by 3%, central bank data showed on Friday, December 27, 2024.
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BT Property, With EUR40M Worth Of Assets, Acquires Prima Shops Oradea From Oasis Group
12.13.2024
BT Property, an alternative investment fund specializing in real estate investments, has announced on Dec. 13 the acquisition of Oradea-based... more
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Romania's Current Account Deficit Widens To EUR24.2B YoY In January-October 2024
12.13.2024
Romania's current account deficit stood at EUR24.2 billion in January-October 2024, compared with EUR18.4 billion reported in the same period of... more
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European Bank for Reconstruction and Development Provides Guarantee On EUR40M Loan To Omnia Romania
12.13.2024
Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the... more
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MedLife CEO Sells 1 Million Company Shares For RON5.8M
12.13.2024
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Dec. 13 that Mihai Marcu, the company's CEO and the... more
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Statistics Board: Romania's Industrial Production Up 6.2% In October 2024 vs September 2024
12.13.2024
Romania's industrial production increased by 6.2% in October 2024, in unadjusted data, compared to September 2024, and by 0.4% when adjusted for... more
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Statistics Board: Employment Rate For Working Age Population Hit 63.3% In Q3/2024, Lower By 1.1 Percentage Points vs Q2/2024
12.13.2024
In the third quarter of 2024, the employment rate for the working age population (15-64 years) was 63.3%, decreasing by 1.1 percentage points... more
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Volta Grup Gets Antitrust Clearance To Acquire Electrotehno
12.13.2024
Romania's Competition Council has approved the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L. more
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Fondul Proprietatea Initiates Process of Delisting from London
12.13.2024
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their... more
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Romanian Startup ESX Reaches 500,000 Users, Eyes International Expansion
12.13.2024
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user... more
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Romanian Medtech Startup Medicai Sees Revenues Double in Past Year
12.13.2024
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025. more
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Airline Dan Air Reaches 13 Destinations, 187,000 Transported Passengers in First Year of Operations at Bacau Airport
12.13.2024
Dan Air, the airline founded by former pilot Dan Uhas, has transported 187,000 passengers and launched flights to 13 destinations in the first year... more
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Kaufland Opens Its Second Unit In Calarasi, Reaches 187 Hypermarkets In Romania
12.12.2024
German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania. more
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Hidroelectrica Signs Memorandum Of Collaboration With Technical University Of Civil Engineering Of Bucharest
12.12.2024
Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has... more
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PwC: Stability And Predictability, The Main Challenges For Investors In Romania In 2025
12.12.2024
While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the... more
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Finance Ministry Raises EUR2.2B From Banks Via Two Bond Issues On Dec. 12
12.12.2024
Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average... more
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Distributie Energie Electrica Romania To Contract Up To EUR200M Loan From European Investment Bank
12.12.2024
The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up... more
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Owner Of Bucharest's Unirii View Office Building Gets EUR29.5M Credit Facility From BCR To Refinance Bank Loan
12.12.2024
The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit... more
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Eurial Invest Delivers Over 500 Vehicles For Cris-Tim Group's Car Fleet
12.12.2024
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has concluded a partnership with Cris-Tim Group through which the... more
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PartnerVet Acquires SpeedVet Clinic In Bucharest
12.12.2024
PartnerVet, the main player in developing local veterinary services, announces the integration of Bucharest-based SpeedVet clinic into its network... more
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Retele Electrice Romania, Part Of PPC Group, Launches RON23M Tender For Modernization Of Remote Control Systems
12.12.2024
The company Retele Electrice Romania, part Of PPC Group in Romania, has launched a RON23 million public tender, through the SEAP platform, aiming... 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.