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Romania's current account deficit stood at EUR3.94 billion in January-March 2024, slightly lower than the EUR3.96 billion level reported in the same period of 2023, central bank data showed on Tuesday (May 14, 2024).
Industrial material manufacturer Comelf Bistrita (CMF.RO) reported total operating revenue of RON41.8 million in January-March 2024, down 14.35% on the year, as per its financial report sent to the Bucharest Stock Exchange.
Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's statistics board INS showed on Tuesday (May 14).
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of Cluj-Napoca.
Romania stands all chances to become a genuine regional hub in the field of logistics, production and cross-border services, reveals an analysis of consulting firm Frames.
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD) that will finance the construction and completion of the company’s portfolio of six photovoltaic parks, with a total 29 MWp capacity, in Romania.
Romania’s national power transmission company Transelectrica generated RON103 million net profit in the first quarter of 2024, up 29% from the year-earlier period, while operating revenues reached RON532 million, up 7%.
German-held discount retailer Lidl, the leader of the Romanian food retail sector by turnover, was the sixth largest importer on the local market in 2023, with direct imports worth EUR1.5-2 billion, in line with estimates by Ziarul Financiar (ZF) daily based on data from Romania's statistical board INS and data previously provided by the company.
Following a nearly $15 million investment to meet high domestic and international demand for corn and sunflower seeds from farmers, US-held Corteva Agriscience’s processing facility in Afumati, Ilfov County, became one of the group’s most important. Seeds produced in this place go to Bulgaria and Austria and even as far as the South Korea.
Romania's Competition Council has approved the transaction whereby Aquila Part Prod Com, an entrepreneurial company providing distribution and logistics services for consumer goods in Romania, intends to take over Parmafood Group Distribution SRL and Parmafood Trading SRL.
Five-star Grand Hotel Italia in Cluj, part of the Italian Select Hotels Group chain, is aiming for RON40 million revenue in 2024, up from RON35 million in 2023, following the opening its spa.
Real estate developer Impact Developer & Contractor (IMP.RO) , held by businessman Gheorghe Iaciu, announced in a stock market report on May 13 that it appointed Campeanu Richard Dan-Sebastian as Interim General Manager of the company, starting with June 1, 2024.
Romania's central bank has decided at its Board meeting on Monday (May 13, 2024) to keep its key interest rate unchanged at 7% a year, being the bank's fourth consecutive rate freeze in 2024 and the seventh consecutive freeze in 2023.
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) ended the first quarter of 2024 with net loss of RON3.1 million, compared to net profit of RON3.9 million in the same period of 2023, the company said in its quarterly financial report released on Monday (May 13).
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance, recertification, and modernization of the units.
Romanian state-owned port operator Oil Terminal in the first three months of 2024 posted net profit of RON28.4 million, up 21.6% from Q1/2023.
Garanti BBVA Romania, part of Garanti BBVA Turkey, in 2023 posted net profit worth RON177 million, down 7% from 2022, and RON521 million operating revenues.
CreditAmanet, a Romanian-held provider of pawnbroking and money exchange services, has invested over EUR2.5 million in a rebranding process and is changing its name to MAGNOR.
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and non-performing loans in Romania sold by Piraeus Bank.19015 items