09.27.2024

Romania’s general consolidated budget posted a deficit of RON81 billion in January-August 2023, or 4.57% of gross domestic product (GDP), which is almost double the deficit of RON42.19 billion more

09.23.2024

The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying that the more

09.18.2024

Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of International Rating Agency Fitch Ratings said in a more

08.19.2024

The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary consolidation moves, the gap is likely to go beyond 7% of more

07.01.2024

Fornetti Romania, one of the largest actors on the pastry market of the country, has an investment budget of more than RON7 million for this year, after having invested more than RON16 million last more

06.28.2024

The shareholders of Hidroelectrica, the largest energy producer in Romania and the largest company listed on the Bucharest Stock Exchange approved the revised spending and revenue budget for 2024 in a more

06.18.2024

State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, is getting ready to amend its 2024 budget to reflect a 2% decline in revenue a 5% decline in profit estimates more

06.14.2024

State-owned Nuclearelectrica, Romania’s sole nuclear power producer, is convening shareholders to approve among others the amendment of the 2024 budget and the granting of a loan of as much as more

05.27.2024

The numbers in the 2024 budget of Banca Transilvania, the largest lender in Romania, a 20% higher profit of RON3 billion, 10% higher assets of RON179 billion and RON9.2 billion interest income for more

04.26.2024

Government budget spending increased by 23% to RON168 billion in the first quarter of 2024, data on the execution of the general consolidated budget of Romania released by the Finance Ministry on more

04.08.2024

Visual Fan, an electronic device producer, owner of Allview brand, in its 2024 revenue and expense budget estimates its revenues will reach RON151.6 million at end-2024, up 13% from 2023. Net profit more

04.01.2024

Ever since 2019, Romania has been in a complicated budgetary context and a balanced approach from the authorities is needed to ensure the assumed deficit for 2024. more

04.01.2024

AROBS Transilvania Software, the largest tech company listed at the Bucharest Stock Exchange, aims for RON494.9 million consolidated turnover in 2024, up 15.8% from 2023. more

04.01.2024

FMCG wholesaler Licurici Impex forecasts a 10% turnover increase this year from 2023, to RON565.4 million (EUR113.8 million), in line with ZF calculations based on company data. more

04.01.2024

Drugmaker Zentiva has budgeted net revenues of above RON1.1 billion in 2024, up 20% from 2023 level, which would mark the company’s joining the RON billionaires’ league. more

04.01.2024

Geological surveying company Prospectiuni Bucuresti, majority held by businessman Ovidiu Tender, has for 2024 budgeted RON250.8 million turnover, up 1.6% from 2023, and RON26.5 million gross profit, more

03.29.2024

The Board of Directors of the Electrica Group approved the consolidated value of the investment plan (CAPEX) for 2024, in the total amount of over RON1.12 billion, with RON878 million representing the more

03.27.2024

The Bucharest Stock Exchange, the operator of the Romanian capital market, has budgeted RON12.6 million net profit for this year, below the RON21.8 million profit of 2023, which was influenced by more

03.26.2024

Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, in 2024 targets, at a consolidated level, RON394.3 million operating revenue, RON49.2 million EBITDA and more

03.26.2024

Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase for 2024. more

03.26.2024

Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, has for 2024 budgeted turnover similar with 2023 level, of EUR7.5 million, according to the company’s officials. more

03.25.2024

Real estate developer One United Properties estimates RON1.7 billion consolidated revenues, up 15% from the 2023 result, and RON525 million net profit, 17% above last year’s. more

03.25.2024

Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, has budgeted two-digit increases for its main more

03.25.2024

Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its income and expenses budget. more

02.14.2024

Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment growth will remain solid, in line with an analysis by more