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The European Union member countries with the highest inflation rates in July 2024 were Romania (5.8%), Belgium (5.4%) and Hungary (4.1%), according to data provided by Eurostat, the statistical office of the European Union.
Romania’s central bank expects the inflation to go down to 4% in December 2024 and 3.4% in the last month of 2025, a better outlook than in the previous forecast, particularly for the end of 2024, the institution says in the minute of the monetary policy meeting of August 7.
Life in Codes, Atlassian solution partner and reseller in Romania, ended 2023 with sales of products and services of EUR6.5 million.
BRD Groupe Société Générale has concluded a new partnership agreement with the European Investment Fund (EIF) which will enable it to guarantee loans used to fund sustainable projects.
Real estate developer METAV, whose portfolio includes projects such as Belvedere Residence, Zenville and IQON, has obtained EUR21 million financing from Libra Internet Bank which will be used for the construction of the Bellemonde residential project located in Bucharest's Pipera area.
ROCA Industry, the first industrial holding company in Romania, specialized in the production of construction materials, listed on the main market of the Bucharest Stock Exchange under the stock symbol ROC1, had a cumulative turnover of RON314.5 million in the first half of 2024 , according to its half-yearly financial report.
Real estate developer AFI Europe has announced the acquisition of the Bucharest Financial Plaza office building located in the center of capital city Bucharest, from Austrian group Immofinanz.
NN announced that it paid over RON575 million in the first half of 2024 to life, health, and home insurance clients and to participants to private pension funds managed by NN, which translates into a nearly 30% increase compared to the same period of 2023.
Deloitte Romania and Reff & Associates | Deloitte Legal assisted Nokian Tyres, the Finnish developer and manufacturer of premium tires, in obtaining the EUR99.5 million (RON495.2 million) state aid in the form of a direct grant that will support the establishment of the world's first zero CO2 emission tire factory, located in Oradea, Bihor County.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its sixth center for DRS packaging collection, located in the commune of Almaj, in the county of Dolj.
The volume of construction works decreased, in unadjusted data, by 2.5% in January-June and by 2.2% when adjusted for the number of working days and seasonality, data from the Romania’s statistics office INS showed on Tuesday (August 20).
Romania's Competition Council approved the transaction through which Italy's Guala Closures S.p.A plans to take over Greece's Astir Vitagiannis Bros. S.A., including its subsidiary, Coleus Packiging Proprietary Limited, South African Republic.
Helbako Electronica, the local subsidiary of Germany's Helbako GmbH, posted RON223.6 million (EUR45.2 million) revenue in 2023, up 27% from the previous year’s about RON176 million (EUR35.6 million), according to ZF calculations based on Finance Ministry data.
One Pillar II pension fund, Metropolitan Life Pensii Private, bought 35% of the MedLife (M.RO) shares traded on the Bucharest Stock Exchange in June 2024, data aggregated by ZF show.
Romania's Finance Ministry raised RON682 million from banks on Monday (August 19), selling government paper at an annual average yield of 6.55%.
Sipex Company (SPX.RO), a distributor of construction supplies, with 27 years in business, on Monday announced having ended the first half of 2024 with RON158 million revenue, an increase of about 9% on the year-ago period, driven by the rise in sales of its three distribution channels.
Avioane Craiova, an aircraft manufacturer controlled by the Romanian state, in H1/2024 registered total revenues worth RON74.4 million, almost three times higher than in the same period of last year.
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project that Nala Renewables bought from OX2.
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 GDP this year, with the risk of its heading toward 8% of GDP, reads a Fiscal Council report.
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value of 5.1062 units/euro.18623 items