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Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s economic growth for 2022 to 2.9% from a previous projection of 4.3% in its winter forecast, in the context of Russia-Ukraine conflict and the international sanctions imposed.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 5.07% a year on Tuesday (May 3) from 5.01% on Monday (May 2), as per central bank data.
Bento – Intellectual Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004 and specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, has implemented the Bento Granar solution within Comvex, the most modern grain port terminal in Romania.
Romania's state-owned lender CEC Bank becomes primary dealer on the government securities market, starting May 2, thus joining the other seven primary dealers.
Romania's Transport Ministry has approved the purchase of 12 hydrogen fuel cell trains as part of a pilot project aimed at testing "green" trains.
Industrial production prices for the domestic and non-domestic markets grew by 51.7% in March 2022 versus March 2021 and by 7% in March 2022 compared to February 2022, data from Romania’s statistics board INS showed Tuesday.
Sodexo, one of the largest players on the Romanian meal vouchers market, has concluded a strategic partnership with furniture retailer IKEA that will enable customers to use Gusto and Gift cards in IKEA Romania stores.
The list of projects getting the technical approval to connect to the network is expanding by the month, with the newest wind parks set to start operating including the 75 MW one of Botosani, having Italy’s Alerion behind it.
Anchor Grup, a major real estate developer in Romania, will build a new housing compound in Bucharest, Select Residences, in Dristor/Vitan area, in the wake of planned EUR40 million investments.
Romanian DRUID, the startup launched by Liviu Dragan, founder of Totalsoft, has raised $15 million in a new funding round, with the funds set to be used to support its international expansion with accelerated focus on Europe and North America, by increasing headcount.
The four-star Zenith Hotel in the Black Sea resort of Mamaia expects a better summer season in 2022 than last year’s, when it was close to the reference year 2019.
Romania's finance ministry raised EUR245 million on Monday (May 2), below the planned level of RON300 million, selling bonds maturing in 2027, at an annual average yield of 6.93%.
Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020.
ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has signed a contract for a full (100%) takeover of Dial, a Romanian company with over 20 years of experience in manufacturing wire products, such as fence panels.
The European Commission has approved a EUR1.9 million Romanian aid measure to compensate Tarom for the damage suffered on 14 routes due to the coronavirus pandemic and travel restrictions between July 1 – December 31, 2020.
The bonds issued by the Municipality of Bucharest through the City Hall of Bucharest (PMB) are now traded on the Main Market of the Bucharest Stock Exchange.
Romania's foreign exchange reserves increased by EUR358 million in April 2022 versus March 2022, to EUR40.5 billion, central bank data showed Monday.
The Dr. Leahu dental clinic network, listed on the AeRO market of the Bucharest Stock Exchange, invested RON18.8 million in 2021 to expand its business along with the opening of five new dental centers in the Romanian cities and towns of Bucharest, Ploiesti, Galati, Cluj and Craiova.
Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has recently contracted a multi-jurisdiction financing of EUR127 million from a syndicate of banks made up of Banca Comerciala Romana (BCR), ING Bank, OTP Bank Romania, Raiffeisen Bank and UniCredit Bank.
Sweden’s Medicover, one of the largest providers of private medical services in Romania, has fully acquired Laurus Medical, a network specializing in proctology and phlebology healthcare services, according to Medicover officials.19075 items