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KMG Rompetrol Development in November 2022 submitted an application for financing a project on the acquisition and installation of ultra-fast charging stations for electric vehicles (EVs).
Electricity producer Hidroelectrica (H2O.RO) announces the completion of the modernization process at ten 110kV electrical stations in SH Hateg following total investments worth RON12.5 million (VAT not included).
Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment growth will remain solid, in line with an analysis by OTP Bank.
Romania’s industrial production decreased by 6.8% in unadjusted data in December 2023 versus December 2022 and by 2.3% when adjusted for seasonality and the number of working days, data from the country’s statistics board INS showed on Wednesday (February 14, 2024).
Romania's economy increased at a 2% annualized pace in 2023 in real terms (in unadjusted data), which is half the 4.1% growth rate reported in 2022, and way below the increase of 5.7% reported in 2021, in line with data released by the country's statistics board INS on Wednesday (February 14).
The Romanian stock market started 2024 with new records in terms of the capitalization of listed companies and the level of the main BET index and thus continued the positive dynamics of the previous year, characterized by record performances on multiple levels.
Romania's annual inflation resumed its upward trend, increasing by 7.4% in January 2024 compared to January 2023, data from the country's statistics board INS showed on Wednesday (February 14).
The European Investment Fund (EIF) has so far granted financing worth EUR125 million and by December 31, 2025 has available the rest up to the EUR400 million it set off with, Roger Havenith, the deputy chief executive of the fund, told Ziarul Financiar (ZF) daily.
Startup Telerenta, supported by US investment fund NCH Capital, which has developed an automated platform for the renting of electronic equipment, destined to household users, as well as companies, has budgeted investments worth around EUR3 million in 2024, according to the company’s officials.
Romanian state-owned port operator Oil Terminal, 87.7% controlled by the Romanian state, ended 2023 with net profit of RON14.2 million, up 23.2% year-on-year.
For Romania, 2023 was marked by foreign investor interest and Romanian startups managed to set an upward trend, reveals the report “Venture in Eastern Europe” that tracks investments in startups in 19 East-European countries.
Paralela 45 ended 2023 with a sales volume of almost EUR60 million, a level similar with that of 2019, a benchmark year for tourism, when the company’s turnover reached EUR62 million.
The shares of Romanian building materials producer COMCM Constanta (CMCM.RO) have gained 621% so far in 2024, which translates into a a more than seven-fold jump in value, triggering a market capitalization of RON300 million, in line with data aggregated by Ziarul Financiar (ZF) daily.
Romania's Competition Council is assessing the transaction through which Cyprus-based energy holding company Premier Energy PLC intends to take over electricity supplier CEZ Vanzare.
The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to just EUR5.1 billion in 2023, the lowest annual amount of the last decade, but 2024 outlook shows renewed optimism, as per a report drafted by iO Partners in collaboration with JLL.
Alternative investment fund Evergent Investments (EVER.RO) has announced in a stock market report on Tuesday (Feb 13) that it decided to continue the investments in listed stocks through credit facilities obtained from Banca Comerciala Romana.
The shareholders of Romania's investment fund Fondul Proprietatea (FP.RO) on Tuesday (Feb 13) rejected item 3 on their agenda, which proposes the sale by the Fund, over the course of 2024 financial year ending on Dec 31, 2024, of any of the holdings in its portfolio companies, which either individually or cumulatively exceed 20% of the total value of the Fund's non-current assets, less receivables.
Web platform Undelucram.ro, the largest online employee community in Romania, has concluded a partnership with LinkedIn, the world’s leading professional network, through which it will allow companies to acquire skill development courses from the LinkedIn Learning library.
Devhd, specialized in the provision of consulting and digital transformation services via American platform ServiceNow, had a turnover of over EUR1 million in 2023, up 15% on the year, company representatives said in a statement.
Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2023) to keep its key interest rate unchanged at 7% a year, being the bank's ninth consecutive rate freeze.19990 items