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iBanFirst analysts expect a slight depreciation trend for the Romanian leu (RON) versus the euro and dollar in the first quarter of 2024, amid weak growth of the Romanian economy.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 3.8% in unadjusted data and by 3.3% when adjusted for seasonality and number of working days, in November 2023 compared to November 2022, data from the country’s statistics institute INS showed on Monday (January 8).
The seven mandatory private pension funds in Romania (Pillar II) generated an annual average yield of 17.9% in 2023, the best annual performance in the entire history of the system and over 10% above the inflation rate estimated for 2023.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard manufacturers in Romania, will end 2023 with EUR120-130 million turnover and expects a similar level for this year, according to the company’s officials.
Andrei Ursulescu, general manager of Scandia Food, a major player in the local food industry, says turnover budgeted for 2024 is similar to that of 2023 as the company expects local consumption to slow down its decline and stabilize, doubled by the continuing shift to cheaper products amid the still shrinking purchasing power.
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, announced in a stock market report on January 5, 2024 that it signed five contracts with a combined value of EUR2.33 million (plus VAT) for the start of modernization and energy efficiency works at Bucur Obor shopping center.
Romania's Competition Council said it was analyzing the transaction through which Intesa Sanpaolo intends to acquire First Bank Romania from US-held private investment firm J.C. Flowers, as announced by the competition authority.
ARES group, specialized in interventional cardiology and controlled by US-based Highlander Partners, which in 2023 took over Bucharest’s cardiovascular surgery hospital Monza together with Brain Hospital, estimates it will reach EUR30 million turnover this year, from EUR20 million in 2023.
Law firm Schoenherr si Asociatii SCA has advised Renovatio, an infrastructure asset owner, in a benchmark transaction with OMV Petrom, the largest integrated energy company in Southeast Europe, concerning green assets.
Visual Fan (ALW.RO), the company behind the Allview brand and one of the most important local suppliers of sustainable technologies and solutions for green energy production, has built two new solar photovoltaic (PV) power plants in Baia Mare, with a total capacity of 757 kWp.
Visual Fan (ALW.RO), the company behind the Allview brand and one of the most important local suppliers of sustainable technologies and solutions for green energy production, has built two new solar photovoltaic (PV) power plants in Baia Mare, with a total capacity of 757 kWp.
The shareholders of Packeta Group, the parent company of the Czech tech-logistics company Zásilkovna, have agreed to sell a 100% stake in the Packeta Group to a consortium of CVC Capital Partners and Emma Capital: with capital support from R2G, according to company representatives.
Danube freight carrier Transport Trade Services (TTS.RO) has announced the completion of the project "Modernization of infrastructure in Giurgiu Port, the Ramadan area, wharves 1,2 – port platform, units, accessways”, financed through the Large Infrastructure Operational Program (POIM) 2014-2020, as per a stock market report.
Bittnet Systems has announced in a stock market report the signing of the closing certificate and supporting documents related to the transaction by which Bittnet group takes over 100% of Dataware Consulting.
Romania's Finance Ministry raised RON757 million from banks on Thursday (January 4, 2024) selling bonds with a nominal value of RON600 million due in May 2027, at an annual average yield of 6.3%.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 2.6% in November 2023 compared to November 2022, data from Romania’s National Statistics Institute INS showed on Thursday (January 4, 2023).
Distributie Energie Electrica Romania (DEER) has announced a project to implement a consolidated IT system and the planned upgrade works for SAP (Systems Applications and Products) systems.
2023 air traffic neared the 2019 level. The number of flights in 2023 was just 0.3% lower than in 2019, in line with Eurocontrol data, which shows air traffic is similar to the pre-pandemic level.
Alpha Bank Romania signed in December 2023 a partnership with the European Investment Fund (EIF) for the implementation of financial instruments such as portfolio guarantees.
Chemical compound Chimcomplex (CRC.RO) has implemented the project “High-Efficiency Cogeneration Plant with a capacity of up to 8 MWe at Chimcomplex S.A. Borzesti – Ramnicu Valcea Branch” during the period May 18, 2022 – December 31, 2023.19075 items