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Romania's gross domestic product (GDP) estimated for 2023 amounted to RON1,598 billion current prices, increasing in real terms by 2.1% compared to 2022, provisional (1) estimates from the country's statistics board INS showed on Friday (March 8).
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy, considering that new financing committed in 2023 reached a record high of EUR4.1 billion, which corresponds to around 1.3% of Romania’s gross domestic product (GDP).
The salary gap between women and men continues to be high in Romania, namely 21.6% in favor of men, reveals the “Equal Pay Gender” analysis, carried out by PwC Romania based on the data collected in the Paywell survey.
The Ministry of Finance (MF) attracted RON843.9 million and EUR190.5 million (values totaling RON1.8 billion – EUR360.3 million), through the first primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through the systems of the Bucharest Stock Exchange (BVB).
Hidroelectrica, Romania’s biggest energy producer, has become a partner of Romania’s Olympic and Sports Committee (COSR) to support Romania’s olympic team during the training, qualification and participation in this year’s Paris Olympic Games.
Alpha Bank Romania, among the 10 largest banks in Romania by assets, for 2023 reported EUR38 million net profit, 15% higher than in 2022, amid the strong commercial activity and efficient cost and risk management.
Transilvania Investments Alliance is convening shareholders to approve among others the distribution of a gross dividend of RON0.015/share and a buyback program.
Group of firms Maviprod-IRUM, owned by the Oltean family of Reghin, ended 2023 with a turnover of EUR55.9 million and targets a 5% increase in 2024.
The first luxury hotel under the Mondrian brand is due to open until 2026 in downtown Bucharest, near the Romanian Athenaeum, following a partnership between real estate developer One United Properties (ONE) and global hospitality company Ennismore.
Investment fund Fortech Investments will finance local medtech startup Rayscape (formerly known as Xvision) with EUR500,000, as per an announcement on LinkendIN, a business and employment-focused social media platform that works through websites and mobile apps.
Shipyard Damen Galati, held by Dutch Damen Group, ended 2023 with a turnover of EUR115.8 million, more than double on the year, returning in fact to the level recorded in 2021, according to company officials and in line with public data on finance ministry website.
On Monday (March 4), a special transaction with 587,519 shares of the company Univers Ramnicu Valcea (UNVR.RO) was registered in the Bucharest Stock Exchange system, as per data on the Bucharest Stock Exchange.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, ended 2023 with a turnover of nearly EUR29 million and targets a 15% increase in 2024.
Aluminum producer Alro Slatina (ALR.RO) announced in a stock market report on March 4 that following an audit performed by the country's tax authority ANAF it received an additional taxation notice in the amount of RON13,55 million, representing additional profit tax and VAT.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6% in January 2024 compared to January 2023, data from Romania’s National Statistics Institute INS showed on Monday (March 4, 2024).
Romania’s unemployment rate rose to 5.7% in January 2024, higher by 0.1 percentage points compared to December 2023, data from the country’s statistics institute INS show on Monday (March 4, 2024).
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields of 6.13% and 6.54%, respectively.
At the end of 2023, Swedish group OX2 got the construction permit for the most advanced project in its portfolio, with an installed capacity of 99 MW and a grid connection contract from March 2023.
OMV Petrom continues for the third consecutive year the partnership with the Medcorp Association and supports the implementation of the “Health in the Neighborhood” program with a budget of 8 million RON in 2024.
The number of IT specialists employed in Romania has seen a steady increase in recent years, making it one of the sectors with the highest salaries, as well as a high degree of workforce mobility, as per the study “What It’s Like to Work in IT in 2024,” conducted by the online recruitment platform bestjobs in partnership with Orion Innovation, a global leader in IT services and solutions.19501 items