Transgaz Budgets over EUR9B Worth of Investments for Next 10 Years
12.30.2024
Romania’s state-run national gas transmission company Transgaz has earmarked EUR4.16 billion for 13 major investment projects related to gas transmission, scheduled for completion in 2025-2033, in line with data included in the Development Plan for the National Gas Transmission System.
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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
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Constructii Hidrotehnice Iasi Signs Contract Worth RON23M, Double Its Market Capitalization 11.28.2024
Constructii Hidrotehnice Iasi (stock symbol: CHIA), specialized in hydrotechnics, has announced in a stock market report on Thursday, Nov 28, the... more
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Prospectiuni Sees Revenue Down, Switch To Loss In 9M 2024 11.28.2024
Geological surveying company Prospectiuni Bucuresti (PRSN.RO) posted RON120.4 milion revenue in the first nine months of 2024, 36% lower than in... more
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OMV Petrom Partners Up With NewMed Energy To Advance Exploration In Bulgaria's Han Asparuh Offshore Block 11.28.2024
OMV Petrom (stock symbol: SNP), the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on Nov 28 a... more
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Finance Ministry Raises RON500M From Banks On Nov 28 11.28.2024
Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 28, 2024) selling benchmark bonds, at an annual average yield of 7.32%. more
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Trendyol To Open Its First Local Warehouse In Romania In December 2024 11.28.2024
Türkiye-based Trendyol, which operates an e-commerce fashion marketplace officially launched in Romania too in January 2024, will be opening its... more
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Redport Achieves Pre-sales Of Residential Units And Pre-leases Worth Over EUR40M, Double vs Total Performance For Entire 2023 11.28.2024
Redport, one of the leading real estate developers in Bucharest, achieved pre-sales of residential units and pre-leases totaling over RON200... more
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Romania Posts Budget Deficit Of RON109B, Or 6.19% Of GDP, YoY In January-October 2024 11.28.2024
Romania’s general consolidated budget posted a deficit of RON109.42 billion in January-October 2024, or 6.19% of gross domestic product (GDP),... 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.