US-held NuScale Power and Romania’s RoPower Nuclear, equally held by Nuclearelectrica and Nova Power & Gas, announced the signing of the contract for the first phase of the engineering and design work for the first SMR plant in Romania.
In 2023, Europeans are more concerned about protecting their money, properties (car, house), health and life than investing in new financial instruments or contracting mortgage loans, as per a survey by Revolut and Dynata conducted among 8,032 respondents across eight European countries, of whom 1,000 Romanians.
51% of Romanians believe 2023 will be worse than 2022, according to the findings of a survey conducted by the Romanian Institute for Evaluation and Strategy (IRES) .
Concilium Consulting, a company specializing in corporate restructuring and the structuring of complex financing, announces the appointment as special administrator in the insolvency proceedings of the company Hidroconstructia.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 35.1% in November 2022 compared to November 2021, data from Romania's statistics board INS showed on Wednesday (Jan 4, 2023).
The rise in the cost-of-living has driven consumers to re-adjust spending priorities and the failure of telecommunications companies to respond to this changing mindset is now the biggest threat facing the industry, according to the annual EY report, Top 10 risks in telecommunications 2023.
THR Marea Neagra, controlled by Transilvania Investments, announces it has signed leasing contracts for three assets part of its portfolio.
Sweden’s Electrolux is set to lay off part of the staff of Satu Mare cooker plant.
The year 2022 saw an average daily traded volume of all instruments on the Bucharest Stock Exchange of RON96.8 million (EUR19.6 million), having increased for the third year in a row.
Romania has four high risks and seven moderate risks to its financial stability, the latest survey of its central bank among the main banks on the local market by assets shows.
The Board of Directors of auto parts manufacturer Altur Slatina (ALT.RO) has informed the capital market that it approved the opening of general insolvency proceedings, in line with a report sent to the Bucharest Stock Exchange.
Candy Cat Ro, a Dutch-held company run by Ukrainian-born Romanian citizen Oksana Roman, has developed in Romania over the past year a network of almost 20 candy stores, as per data on the company website and from the country's Trade Register.
Up to 5% of the world’s total gross domestic product (GDP) may be attributed to illicit proceeds from criminal activity, according to the World Economic Forum.
Romania's foreign exchange reserves stood at EUR46.63 billion on December 31, 2022, up 15% versus the end of 2021 and 2% above the level recorded on November 30, 2022, central bank data showed Tuesday.
New passenger car registrations reached 129,328 units in 2022, up 6.7% from 2021, namely 121,208 units, according to carmakers’ association ACAROM and DRPCIV.
Real estate developer Belgian Atenor has signed a contract regarding its intention to sell the office compound @Expo of Bucharest’s Expozitiei area to Adventum Group.
ETI European Food Industries, part of Turkey’s group ETI, in November got a capital infusion of above RON188 million (EUR25 million), in line with Trade Registry data.
Banca Transilvania, Romania’s largest lender by assets, has revised its forecast on the evolution of Romania’s economy and sees the country’s GDP growth tempering at 4.6% in 2022 and at 2.4% in 2023, as compared to 5.1% in 2021.
CEC Bank secured approval from the Luxembourg Stock Exchange at the end of December for its multi-year bond prospectus and successfully placed the first tranches this week, through a private placement to professional investors, in lei and euro, for a total amount of RON656.6 million.
Romania’s active population is 8.185 million people, respectively 42% of the total number of residents, consisting of 7.68 million employed people and 496,100 unemployed, in line with the first provisional data of the population census conducted in 2022 and released on Dec 30, 2022 by Romania’s statistical board INS.