growth
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CFA Analysts Anticipate 5.5% Budgetary Gap, 2.5% GDP Growth in 2024. Inflation Projected to Average 5.46%, Leu to Reach 5.0500 Units/Euro in Next 12 Months
Financial analysts part of the CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0500 units/Euro in the next 12 months, while the inflation...
Romania Private Lending Up 4.9% YoY To RON383B In February 2024
Private lending in Romania went up 4.9% to RON383 billion in February 2024 compared with February 2023, central bank data showed on Tuesday (March 26, 2024).
Ambulance Maker Deltamed Sees 88% YoY Increase In Revenue To EUR36M In 2023
Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a result of higher number of projects and a f...
Asbis Romania Sees Revenue Up 20% To $61.63M In 2023
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe, Middle East and Africa (EMEA) markets, pos...
PayPoint Romania Processes Over 100 Million Transactions Worth RON13.6B In 2023
PayPoint Romania processed more than 100 milion transactions worth a total of RON13.6 billion via its 25,000 partner stores and the 24pay app saw a 60% increase in the number of payments in...
Fryday Chain Grows To Nine Restaurants, RON28.6M Revenue In 2023
Romanian fast food chain Fryday, established by Suceava entrepreneur Lucian Florea, has grown to nine restaurants and ended last year with RON28.6 million (EUR5.7 million) revenue, double as...
Inditex Group Sees 23% Increase In Pre-tax Profit In Romania In 2023
Spain’s Inditex Group, one of the largest actors in world’s fashion industry, which owns such brands as Zara, Bershka and Massimo Dutti, posted pre-tax profit of EUR92 million in Romania in...
The Six Entrepreneurial Companies Part of Morphosis Capital Fund I End 2023 with EUR100M Combined Turnover, Up 49%
The six entrepreneurial companies part of Morphosis Capital Fund I portfolio in 2023 ended the year with overall turnover worth EUR100 million, up 49% from 2022.
Online Store Neakaisa.Ro Counts on EUR6.8M Turnover in 2024
Neakaisa.ro, an online store specializing in the sale of bathroom sanitary ware, expects its business to maintain the growth pace of 2023, when turnover went up by 10% to EUR6.2 million.