growth
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Romania Forex Reserves Grow to Over EUR50B for First Time Ever, in October 2022
Romania's foreign exchange reserves (foreign currency plus gold) increased to more than EUR50 billion for the first time ever, reaching EUR51.78 billion at the end of October, compared with...
Ice Cream Producer Ice Dyp Baias Revenue Rises 4.6% to EUR10M in 2021
Romanian ice cream producer Ice Dyp Balas from Timis County, controlled by Vasile and Maria Balas, posted more than RON50.6 million (EUR10.3 million) revenue in 2021, up 4.6% compared with t...
Government Expects Romania’s Economy to Grow by 4.6% in 2022 and 2.8% in 2023
Romania’s government expects the country’s economy to grow by 4.6% in 2022 and 2.8% in 2023, despite the inflation, energy crisis in Europe or the coming recession in the eurozone, the Natio...
Aegon Romania Ends 1H/2022 with 8.2% Higher Gross Underwritten Premiums vs Year-Earlier Period
Aegon Romania ended the first half of 2022 with an 8.2% increase in gross underwritten premiums, at RON76.7 million, vs RON70.4 million in 1H/2021.
Modulo Decorative Solutions Aims for Accelerated Growth in Romania in Coming Years
Modulo Decorative Solutions, a company specialized in the production of decorative stone cladding solutions, wants to grow fast on the local market in the following years amid the investment...
Siemens Energy Wants to Grow Further in Romania
Siemens Energy, a major energy technology company, has already recruited 450 Romanian engineers in Romania, to be added to its initial 200-member team, and plans further growth in the coming...
Interbrands Orbico Set to Go Beyond EUR1B in Revenues in 2022
Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase agains...
Romania Game Development Industry Ends 2021 with 20% Growth in Revenue to $312M
The Romanian video game development industry closed 2021 with $312 million revenue an increase of 20% on 2020, more than double the 2016 figure, an annual survey by the Romanian Video Game D...
Romania Private Lending Rises 16% YOY in September
Private lending in Romania in September went up by 16% from September 2021, to a total volume of RON364.7 billion, after local currency lending rose by 14.3% and foreign currency lending, ex...