growth
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Romania’s Public Debt Up To RON852.8B And 52.1% Of GDP At End April 2024
Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP from 48.8% of the GDP at the end of 2023, abov...
Heineken Romania Revenue Up 13% In 2023
Heineken Romania, the second-largest player on the local beer market, ended 2023 with RON1.7 billion revenue, up 13% from the previous year, Finance Ministry data show.
Report: PE-Backed Companies Created 7.1% More Jobs in Romania in 2022
PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in 2022, while this category’s turnover rose by EU...
ING Hubs Romania Revenue Up To Almost RON700M In 2023
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, posted RON694.1 million revenue in 2023, a...
INS Upwardly Revises Romania’s Q1/2024 GDP Growth
Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to 0.5% from 0.1% estimated in the May report.
Mutual Fund Assets Up 3.3% To RON44.6B In May 2024
The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion in May and by 12.2% since the beginning of...
Maspex Romania Aims For 7% Growth In Revenue In 2024
Maspex Romania, a producer of beverages, snacks and foods, part of Poland’s Maspex, has budgeted 7% growth in revenue this year, after having posted 12% growth to RON1.153 billion in 2023.
Revolut Heads Toward 4 Million Retail Client Threshold in Romania
Global fintech Revolut saw its retail client base go up by 13% in the first six months of 2024 and will shortly reach the 4 million client threshold.
CFA Analysts Foresee 1.9% GDP Growth, 6% Budgetary Gap in 2024. Inflation Expected to Average 5.45%, Leu to Reach 5.0605 Units/Euro in Next 12 Months
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, dow...