Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 28, 2024) selling benchmark bonds, at an annual average yield of 7.32%.
Türkiye-based Trendyol, which operates an e-commerce fashion marketplace officially launched in Romania too in January 2024, will be opening its first warehouse in Romania, in December 2024.
Redport, one of the leading real estate developers in Bucharest, achieved pre-sales of residential units and pre-leases totaling over RON200 million (approximately EUR40 million), nearly double the total performance for the entire year of 2023, as per the company's record financial results for the first 10 months of 2024.
Romania’s general consolidated budget posted a deficit of RON109.42 billion in January-October 2024, or 6.19% of gross domestic product (GDP), which is 75% higher than the RON62.81 billion deficit (3.91% of GDP) reported in the same period of 2023, in line with finance ministry data.
The Romanian Army, via Romtehnica, a company representing the Romanian Ministry of Defense (MApN), has signed with Turkish land systems manufacturer Otokar a multiannual contract worth RON4.26 billion (around EUR857 million) for the supply of 1,059 COBRA II 4x4 armored vehicles to the Romanian Ministry of Defense.
Electronic device maker Visual Fan, which owns Allview brand, for the first three quarters of 2024 reported RON5.1 million net profit at group level, up 56% from the same period of 2023.
Fuel wholesaler JT Grup Oil ended the first nine months of 2024 with RON5.9 million net profit, 69% above the year-earlier level.
Holde Agri Invest, one of the largest farmland operators in Romania, registered RON16 million losses during the January-September period, from a RON22.9 million negative result in the year-earlier period.
Romania managers expect rising prices in the processing industry, constructions, retail trade and services in the next three months, in line with a survey conducted by the country’s statistics board INS.