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Romania's current account deficit stood at EUR26.3 billion in January-November 2024, higher by nearly EUR7 billion than the EUR19.7 billion level reported in the same period of 2023, central bank data showed on Monday (Jan. 13, 2025).
Romania's Finance Ministry raised RON1.1 billion from banks on Monday (Jan.13), selling government paper in two auctions, at annual average yields of 6.65% and 7.70%, respectively.
ING Bank expects the National Bank of Romania to keep the key rate at 6.50% at the upcoming January 15 meeting, given persistent inflationary risks, the bank said in a report on Monday (January 13, 2025).
Real estate consulting firm Griffes announces it intermediated transactions for over 85,000 square meters of office space, which is the largest transaction volume recorded in 2024.
Favorable economic factors, such as inflation stabilization, interest rate cuts and real income growth, are aiding real estate sector consolidation as a vital pillar of the continental economy, points out an analysis drawn up by Cushman & Wakefield Echinox.
Building materials producer TeraPlast has granted an EUR7.56 million loan to Polytech Industrie subsidiary, with a 1.3% interest plus 3-month Euribor (around 2.7%). The maximum repayment term is December 31, 2029.
Romania’s national grid company Transelectrica has completed a project for the implementation of a metering and management system for electricity measurement data on the wholesale market, part of a broader investment in grid digitalization, funded with EUR88.8 million via the Modernization Fund.
Law firm Filip & Company legally assisted Credit Europe Bank Romania in the cross-border merger through absorption with the parent company, Credit Europe Bank N.V. of Netherlands.
Timisoara-based fuel retailer Artoil, controlled by entrepreneurs Alexandra and Alex Bunceanu, estimates it ended 2024 with turnover of around RON1.18 billion (EUR237 million), down 2% from 2023.
Constructii Erbasu, a company owned by Erbasu family, estimates it will reach RON2.5 billion turnover this year.
The Romanian Government is considering regaining the majority stake of the Electrica Group (EL.RO), in which it currently owns 49.8%, Economedia reports.
The Finance Ministry is launching a new session for buying Tezaur T-bills on Monday, January 13, with one-, three- and five-year maturities and annual interests of 7%, 7.5% and 7.8%.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has informed the capital market in a report on Jan. 10 that the position of General Manager of Cernavoda NPP Branch will be temporarily occupied by Romeo Urjan, starting with January 9, for an initial period of three months.
The “Medium Term Notes” government paper issue framework program will continue with a higher value, RON90 billion, instead of the previous RON75 billion, and the increase will allow covering the funding needs via Eurobonds on the international capital markets in 2025 and 2026, according to a decision the Government adopted on Friday.
Romania's economy increased by 1.2% in unadjusted data in the third quarter of 2024, lower than 2.3% growth reported in the same quarter of 2023, a second set of provisional data from the country's statistical office INS showed on Friday (Jan. 10).
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.7% in unadjusted data and by 8.1% when adjusted for seasonality and number of working days, in January-November 2024 compared to the same period of 2023, data from the country’s statistics board INS showed on Friday (Jan. 10).
Law firm Filip & Company has provided legal assistance to Qemetica, a major player in the European chemical industry, in a complex project regarding the sale of calcined soda ash and sodium silicate production assets and activities in Romania, through Ciech Soda Romania, previously known as Uzinele Sodice Govora.
Romania's trade balance posted a deficit of EUR30 billion in January-November 2024, higher by EUR4.51 billion (+17.7%) compared to the same period of 2023, data from the country's statistics board INS showed on Friday (Jan. 10).
Ciucu family aims to expand stomatology clinic chain Dental Elite with at least two new clinics in 2025, but final investment decisions will be made case by case, so that healthy growth should be secured, explained Bogdan Ciucu, Dental Elite co-founder.
Bathroom furniture producer Savini Due, controlled by Italian businessman Piersante Savini, forecasts EUR42 million turnover for 2025, up 20% from the previous year, in line with company data.19782 items