Romania Forex Reserves Shrink To EUR61.17B In November 2024

yesterday, 17:08

Romania's foreign exchange reserves shrank by EUR1.6 billion to EUR61.17 billion in November 2024, compared with EUR62.84 billion on October 31, 2024, Romania’s central bank announced on Friday (November 1, 2024).

KoçZer Expands Into Europe With Romanian Subsidiary
today, 17:19

KoçZer, Türkiye’s leading procurement and sourcing management company, has officially announced in a press statement its entry into the... more
Competition Council Approves Takeover Of 10 Tinos Pharmacies By Mini-Farm
today, 16:37

Romania's Competition Council has approved the transaction through which Mini-Farm is acquiring 10 Tinos Farm pharmacies, located in Bucharest and... more
Statistics Board: Romania Industrial Production Prices Down 3.3% YoY In October 2024
today, 14:40

Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.3% in October 2024 compared to... more
Hidroelectrica Recommissions Hydro-aggregate At Stejaru Hydropower Plant After Retrofitting Process
today, 14:22

Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has... more
Road Freight Carrier Criboser Seeks to Hire 38 Drivers
today, 09:28

Criboser, a road freight carrier of Oradea founded in 2006 by entrepreneur Florian Bara, currently has 38 driver jobs available. more
Norofert Gets ASF Approval For Bond Issue Of Up To RON15M
yesterday, 22:57

Organic farm input producer Norofert (NRF.RO) on Monday notified the capital market of the decision of the Financial Supervisory Authority (ASF) to... more
Filip & Company Advises Poland’s Qemetica In Securing Competition Council Approval In Deal With US PPG Group
yesterday, 22:04

Law firm Filip & Company assisted Poland’s Qemetica in securing the approval of Romania’s Competition Council in the acquisition of the... more
Omnia Plast's 2023 Net Profit Up 17.4% YoY To RON31.6M
yesterday, 21:37

Chiajna-based Omnia Plast, controlled by Italy’s Sunino Spa, which produces winter sports equipment, toys and other plastic items in three local... more
Banca Transilvania Group Announces Merger Between BT Leasing And OTP Leasing
yesterday, 19:22

Banca Transilvania Group announces the first merger among subsidiaries acquired in 2024 from OTP Group, namely, between BT Leasing and OTP Leasing. more
- Banca Transilvania Finalizes Full Acquisition Of OTP Bank Romania
- Law Firm Filip & Company Assists Banca Transilvania In Closing The Acquisition Of OTP Bank Romania
- Banca Transilvania Convenes Shareholders To Vote on Merger by Absorption with OTP Bank Romania and BT Building
- Banca Transilvania’s Acquisition Of OTP Asset Management Completed
Fondul Proprietatea Shareholders Vote For Delisting From London
yesterday, 18:45

The shareholders of Fondul Proprietatea (FP.RO) on Monday voted for the delisting of the global depositary receipts (GDR) from the London Stock... more
Global Vision Appoints Daniela Lazea As General Legal Counsel
yesterday, 17:22

Global Vision, a leading real estate and energy company in Central and Eastern Europe, has announced in a press statement on Dec 2 the company's... more
Finance Ministry Raises RON710M From Banks On Dec 2
yesterday, 16:56

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
New Car Registrations Up 2.6% YoY In January-November 2024
yesterday, 16:44

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
Dentons Advises CEC Bank On Update Of Its Medium-Term Note Program, On EUR300M Senior Non-Preferred Eligible Notes Issuance
yesterday, 14:09

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
- CEC Bank Successfully Closes A New Bond Issue Worth EUR300M On International Markets
Romania Unemployment Rate At 5.4% Month-On-Month In October 2024
yesterday, 13:24

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
Hesburger Opens Sixth Restaurant In Romania, In Mega Mall
yesterday, 13:13

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
Moldovan Carmangerie Seeks to Hire 36 People at Sannicoara Plant
yesterday, 10:18

Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, currently has 36 jobs available for the... more
ETI Craiova Sweets Plant Reports almost RON266M Turnover in 2023, Up 45.6%
yesterday, 09:28

Sweets producer ETI European Food Industries, part of Turkish group ETI, in 2023 posted turnover worth around RON266 million (EUR53.8 million), up... more
Romanian Entrepreneur Jean Drugescu Invests EUR42M in Plastics Plant to Deliver to Renault
yesterday, 09:21

MP Industry, part of MEN Industry Group, a company controlled by Romanian entrepreneur Jean Drugescu, has invested almost EUR42 million in... more
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

Retele Electrice Companies Attract New, RON191M, European Funding for Investments in Distribution Infrastructure

The Ministry of Energy and the companies Reţele Electrice Muntenia, Reţele Electrice Banat and Reţele Electrice Dobrogea (part of

CITR: Over 3,600 Companies In Romania Went Insolvent In H1/2024, Nearly 6% More YoY

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

Energy Ministry Signs Over RON138M Worth Of Financing Contracts For Industrial Sector Investments

Romania's energy ministry has signed 27 financing contracts worth a total RON138.2 million which target investments in the local

Crosspoint: Short-Term Rentals In Bucharest Generate Annual Revenues Of Over EUR40M

Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated

Cushman & Wakefield Echinox: Real Estate Deal Volume in Romania Surges 131% in H1/2024, Region’s Biggest Increase

The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the

Assets Of Romanian Open-End Equity Funds Grow By RON1.7B In H1/2024 vs RON1.2B For Bond Funds

The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by

OPPO Romania: Local Smartphone Sales to Stall at 3.5-3.6 Million Units

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

World Bank Says Fiscal Deficits Will Remain Elevated In Romania

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

Analysis

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.