UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the bank says in its latest quarterly Central and Eastern European report.
Romania's third-party liability insurance RCA seems to be entering a downward trend after seeing significant increases both at the level of the entire segment and at the level of each company that operates this business line.
The EY organization is calling on European institutions and national governments to take six steps to help retain business confidence and attract more foreign direct investment (FDI), with the publication of the second installment of its Europe Attractiveness Survey 2023.
Under the revenue and expenditure budget that envisages a net profit of RON3.6 billion for 2023 and the promise of a generous distribution to investors, energy producer Hidroelectrica has a dividend yield ranging between 6.5% and 7.8%, as per calculations by Ziarul Financiar (ZF) daily which considered the price range included in the company's initial public offering (IPO) prospectus.
The Board of Executive Directors of the World Bank Group (WBG) on Monday (July 3) approved the second Inclusive and Green Growth Development Policy Loan (DPL) for Romania in the amount of EUR591.9 million.
Farmexim Group, one of the largest pharmaceutical groups in Romania, which includes medical drug wholesaler of the same name and a network of 420 Help Net pharmacies, in 2022 exceeded the threshold of EUR1 billion turnover after a 28% increase compared to 2021.
Greece’s PPC would complete the acquisition of Enel Romania in September, which will boost its customer number by 57% and the energy production capacity in operation by 14%, the group said.
Vegetable oil producer Argus Constanta (UARG.RO) on Friday notified the Bucharest Stock Exchange that it had sold 4,330 shares or 86.1% in Aliment Murfatlar SRL for RON23.7 million.
The ten best performing local open-end equity funds between May 2022 and May 2023 delivered to investors yields of 3.5% to 6.8%, below the inflation rate and below the yields of bond and fixed income funds, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Asset Managers (AAF)
In the first six days of Hidroelectrica's (H20.RO) IPO, subscription orders for 50.6 million shares from retail investors were entered into brokers' systems, with 432.5% of their tranche subscribed by the end of Friday.
Omer Tetik, CEO of Romania's largest bank, Banca Transilvania (TLV.RO), on June 28 sold 75,000 shares in the lender, at RON201.12 per unit, in line with a report to the Bucharest Stock Exchange.
Electricity distributor and supplier Electrica (EL.RO), a major actor on its markets, has notified investors that its Distributie Energie Electrica Romania (DEER) subsidiary attracted new non-repayable EU funding via the Modernization Fund in amount of EUR6.25 million.
Consumers are increasingly confident about owning electric vehicles (EVs), with rising fuel costs, environmental concerns and lower ownership costs driving a spike in EV purchasing intent, ad per a new EY research.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended June 2023 at 6.54% on Friday, June 30.
One individual investor subscribed RON150 million worth shares in electricity producer Hidroelectrica (H2O.RO) during the IPO the company is conducting on the Bucharest Stock Exchange, Ziarul Financiar has found.
Romania had the lowest price level for consumer goods among the EU Member States in 2022, with 42% below the EU average, being the least expensive country for food and non-alcoholic beverages, in line with data from Eurostat, as cited by Romania's statistics board INS.
Almost 40% of white-collar workers go to the office every day and 28% of them work in hybrid system, about a third of the employees work exclusively remotely, according to the latest survey conducted by online recruitment platform Bestjobs.
Romania’s unemployment rate stood at 5.5% in May 2023, lower by 0.1 percentage points than 5.6% in April 2023, data from the country’s statistics institute INS shows on Friday (June 30).
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, ended 2022 with a net profit of RON7.5 million (EUR1.5 million), up 83.4% from RON4.1 million (EUR836,000) reported in 2021, in line with publicly available data.