Romania Feed
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ZF English - 08:07 Nov 29, 2022
Financial analysts part of CFA Romania expect the Romanian currency to fall to an average exchange rate of 5.0652 units/EUR in the next 12 months, while the estimated inflation rate is seen averaging 10.56%, up from September when the analysts anticipated inflation would average 9.59%. -
ZF English - 07:46 Nov 29, 2022
Learning platform Adservio, developed 14 years ago in Iasi, plans to double turnover and expand to new foreign markets in 2023, according to Alexandru Holicov, founder and CEO of Adservio. -
ZF English - 07:28 Nov 29, 2022
Car parts maker Compa currently has 150 jobs available at the Sibiu plant. The company in 2021 reached an average number of 1,879 employees. -
ZF English - 20:56 Nov 28, 2022
Lithuania’s Apex Alliance Group, which owns several hotels in Romania, expects to end 2022 with EUR25 million to EUR30 million revenue, its officials say. -
ZF English - 20:11 Nov 28, 2022
VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget execution for October published by the Finance Ministry. With a 16% inflation that month, this means a significant slowdown in consumer spending. -
ZF English - 19:38 Nov 28, 2022
Romania’s finance ministry will be listing on Monday (Dec 5, 2022) four new FIDELIS government issues of bonds for the general population, at the Bucharest Stock Exchange, of which two in lei and two in euro. -
ZF English - 19:22 Nov 28, 2022
Romania’s Competition Council has approved, in terms of national security, a transaction whereby Tissue Solutions Limited is acquiring the company Fidelis Research AD and its Romanian unit, Fidelis Research S.R.L.. -
ZF English - 18:30 Nov 28, 2022
State-run national pipeline company Conpet Ploiesti (COTE.RO) notified the Bucharest Stock Exchange about the signing of a RON32.2 million contract with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer. -
ZF English - 17:26 Nov 28, 2022
The Radisson Blu Aurum Brasov hotel, inaugurated in October, targets a turnover of EUR6.5 million in 2023 and a minimum average occupancy rate of 65%. -
ZF English - 16:44 Nov 28, 2022
The net assets of the 239 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 0.7% in October 2022, to RON46.4 billion (EUR9.5 billion), and plunged 13.4% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators. -
ZF English - 15:39 Nov 28, 2022
In the context of the 2023 state budget planning, AmCham Romania reiterates, as every year, the importance of fundamental principles that must guide this process. -
ZF English - 15:34 Nov 28, 2022
CTP, the largest logistics and industrial space developer in Continental Europe, has announced the expansion of CTPark Bucharest South with the construction of a new warehouse set to almost double the total leasable area of the project to around 150,000 sqm. -
ZF English - 13:45 Nov 28, 2022
After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, said Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe. -
ZF English - 13:41 Nov 28, 2022
Cargus SHIP & GO network reached 3,000 locations this month, most of which are PUDO (pick-up and drop-off) points, thus covering over 750 cities in Romania and being able to deliver almost 75,000 parcels per day. -
ZF English - 12:00 Nov 28, 2022
Romania expects to see a new wave of price increases over the next three months and employers talk about an “accentuated” increase in retail prices, in line with data released Monday by the country's statistics board INS. -
ZF English - 11:49 Nov 28, 2022
German-held discount retailer Lidl has announced the opening of three new stores in Romania, in the city of Bucharest and the towns of Vaslui and Pecica. -
ZF English - 08:59 Nov 28, 2022
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, reported RON225 million revenues for the first nine months of 2022, up 32% from the year-earlier period, and RON3.6 million net profit, 53% lower. -
ZF English - 07:43 Nov 28, 2022
Cluj-Napoca-based software producer Fortech, recently acquired by Japan’s Hitachi, increased its turnover by 60% in 2021 from 2019, ahead of the pandemic. -
ZF English - 07:35 Nov 28, 2022
JYSK, the Scandinavian furniture and home products retailer, generated RON841.7 million (EUR171 million) in the 2021-2022 financial year, up 6.1% from the previous one. -
ZF English - 07:26 Nov 28, 2022
Petru Ruset, managing director of Siemens Energy Romania says the company plans to top the 1,000-employee mark by end-2024 with the over 450 existing colleagues it has recruited in the past year.