Finance Ministry Seeks To Raise MTN Program Cap By EUR7B To Cover 2024 And 2025 Funding Needs
05.16.2024
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
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Electrica Switches To RON128M Net Profit In Q1/2024
05.16.2024
Electricity supplier and distributor Electrica (EL.RO) reported net profit of RON127.7 million for the first quarter of 2024, compared to net loss... more
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BT Property Acquires Funshop Park Turda From Poland's Scallier Group
05.15.2024
Alternative investment fund BT Property has announced on Wednesday (May 15) the acquisition of Funshop Park Turda from Polish group Scallier. more
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Lion Capital Posts RON11.3M Net Profit And RON4.3B Net Assets In Q1
05.15.2024
Alternative investment fund Lion Capital posted RON11.3 million net profit and RON4.3 billion net assets in the first quarter of 2024, an increase... more
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Brick Maker Cemacon Slips Into The Red In Q1
05.15.2024
Brick manufacturer Cemacon (CEON.RO) ended the first quarter of 2024 with a net loss of RON3.7 million, from a profit of RON12.8 million in the... more
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Evergent Investments Assets Increase By 32% To RON3.2B In Q1, 2024
05.15.2024
Alternative investment firm Evergent Investments (EVER.RO) ended the first quarter of 2024 with RON3.2 billion in total assets, an increase of 32%... more
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Socep Constanta Rakes In RON51.5M Revenue, RON17.4M Net Profit In Q1/2024
05.15.2024
Port operator Socep Constanta (SOCP.RO) reported total revenue of RON51.5 million for the first three months of 2024, up 3.5% from the same period... more
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Conpet Ploiesti Reports RON13M Net Profit For Q1/2024, Down 28.1% YoY
05.15.2024
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) reported net profit of RON13 million for the first quarter of 2024, down 28.1% from... more
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Vrancart Switches To RON5M Net Loss In Q1/2024
05.15.2024
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) ended the first quarter of 2024 with net loss of RON5 million, from RON3.5 million profit... more
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DIY Retail Chain Artsani Sales Shrink 15% To RON149M In 2023
05.15.2024
Artsani DIY stores in Prahova County posted total sales of RON149 million in 2023, 15% lower than in 2022, latest data about Artsani Com on the... more
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Zentiva Makes RON74.2M Net Profit In Q1/2024 vs RON42.7M In Year-Earlier Period
05.15.2024
Drugmaker Zentiva (SCD.RO), held by Prague-based Zentiva Group, reported net profit of RON74.2 million for the first quarter of 2024, compared to... more
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Digi Communications To Be Included In MSCI Frontier Markets Index
05.15.2024
The shares of telecommunications operator Digi (DIGI.RO) will be included in the structure of the MSCI Frontier Markets Index, following the... more
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Fondul Proprietatea Reports RON900,000 Operating Revenue For Q1/2024 vs RON13.6M In Year-Earlier Period
05.15.2024
Fondul Proprietatea reported operating revenue of RON900,000 for January-March 2024, compared to RON13.6 million in the same period of 2023, and... more
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Premier Restaurants Romania Plans To Open Seven New McDonald’s Restaurants In Romania In 2024
05.15.2024
Premier Restaurants Romania, the operator of the McDonald’s restaurants in the country, plans to open seven new restaurants in 2024 and continue... more
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Transilvania Broker de Asigurare Ends Q1/2024 With RON0.9M Net Profit, Down 80% vs Q1/2023
05.15.2024
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first quarter of 2024 with net... more
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Romgaz Rakes In RON1.24B Net Profit In Q1/2024, Up 28% YoY
05.15.2024
Natural gas producer and supplier Romgaz (SNG.RO) ended the first quarter of 2024 with net profit of RON1.24 billion, up 28.4% from the same period... more
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Raiffeisen Bank Romania To Go With Visa As Its Only Card Partner
05.15.2024
Raiffeisen Bank has decided to go with Visa at its only card partner, which means the bank will be issuing new cards for those who already have... more
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Infinity Capital Investments Switched to RON22M Net Profit in Q1/2024 from RON3.3M Losses in Q1/2023
05.15.2024
Alternative investment fund Infinity Capital Investments in the first three months of 2024 registered a RON3.17 billion net asset, the highest in... more
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Antibiotice Iasi Records 13% Revenue Growth in Q1/2024. Net Profit Climbs 68%
05.15.2024
Antibiotice Iasi, the largest Romanian-owned drug manufacturer, saw revenues reach an overall RON192.5 million level, 13% higher than in the... more
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FORT Shares To Start Trading On AeRO Market On May 17
05.15.2024
Cybersecurity company FORT, part of Bittnet Group (BNET.RO) has announced that its shares will start trading on the Multilateral Trading System... more
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EBRD Keeps Romania’s GDP Growth Forecast At 3.2% For 2024; Sees Local Economy Accelerating To 3.4% In 2025
05.15.2024
The European Bank for Reconstruction and Development (EBRD) has maintained its projection for Romania's economy in 2024, at 3.2%, similar to the... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
more39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
moreOMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
moreThe European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
moreRomania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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
moreBanks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
moreRomania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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.