14 dec 2023

Lior Bebera, with a 25-year experience in the hospitality sector, at international level, has taken over the position of General Manager of Radisson Blu Hotel, Bucharest and Park Inn by Radisson more

14 dec 2023

Romania's current account balance posted a deficit of EUR18.3 billion in January-October 2023, lower by 20% than the EUR22.9 billion level reported in the same period of 2022, central bank data showed more

14 dec 2023

Cluj-based Hexagon Group, con­trolled by businessman Florin Maris, has acquired a 7-hectare plot of land, which represents the former Tehnofrig industrial site in Cluj-Napoca, in the northwestern more

14 dec 2023

The Ramada Plaza Hotel in the southern city of Craiova, the city's only unit affiliated to an international hotel chain, anticipates to end 2023 with a turnover of EUR4 million, compared to EUR3.5 more

13 dec 2023

Kinga Daradics, known on the local market for her mandate of Chief Financial Officer (CEO) of MOL Roma­nia, one of the most powerful companies on the local oil market, has taken over the position of more

13 dec 2023

Romania's central bank has published the Financial Stability Report, the December 2023 edition, which shows that the main systemic risks to financial stability have remained the same since the more

13 dec 2023

Romania is likely to exceed 4,000 MW of installed power in photovoltaic parks in 2024, which would mean a twofold increase compared to the currently installed power nationwide, shows an analysis by more

13 dec 2023

Exim Banca Romaneasca has coordinated the extension until 2026 of the working capital credit facility amounting at USD150 million for ALRO (ALR.RO), one of the largest aluminium producers in Europe more

13 dec 2023

Romanian startup OptiCare, founded in 2021, has developed an innovative mobile application that allows doctors to detect vision disorders through the use of artificial intelligence, company more

13 dec 2023

International Rating Agency Fitch Ratings has affirmed Garanti BBVA Romania’s (GBR) Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook and its Viability Rating (VR) at ‘bb-‘. more

13 dec 2023

Romania’s industrial production decreased by 2.3% in unadjusted data in October 2023 versus October 2022 due to the drops recorded for the electricity, gas, steam and air conditioning supply more

13 dec 2023

The average net salary in Romania increased by 2.2% in nominal terms in October 2023 compared to September 2023, to 4,692 (EUR944), data from the country's statistics board INS showed on Wednesday more

13 dec 2023

Romania's annual inflation kept its downward trend in November 2023, decreasing to 6.7%, compared to 8.1% in October 2023 8.8% in September 2023, and 9.4% in August 2023 and July 2023, data from the more

13 dec 2023

Patria Bank (PBK.RO) has informed investors in a stock market report on Dec 12 that the mandate of Suleyman Burak Yildiran as General Manager would end, by mutual consent, starting with the date of more

13 dec 2023

Romanian precast concrete product manufacturer ASA CONS, based in Turda, anticipates to end 2023 with a turnover of almost EUR35 million after reaching EUR28.3 million in the first nine months of the more

13 dec 2023

Israel-based company Nofar Energy has acquired the largest solar photovoltaic (PV) park in Romania, developed by Portland Trust in the locality of Corbii Mari (Dambovita County). more

12 dec 2023

OMV Petrom, the largest integrated energy company in Southeastern Europe, has continued to make significant progress in implementing Neptun Deep project. more

12 dec 2023

International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO). more

12 dec 2023

Natural gas and electricity distribution company Delgaz Grid has completed development works on the gas distribution network in Toplita (Harghita County), therefore, the municipality of Toplita is more

12 dec 2023

71% of participating companies in the latest survey conducted by eJobs & UP Romania said they would offer Christmas benefits to employees in 2023. more

12 dec 2023

65% of Romanians wouldn't be able to cover their expenses for even a week if they were to run out of income, nearly half (46%) of the population doesn't save any money, and of the people who do that, more

12 dec 2023

Real estate consulting company Cushman & Wakefield Echinox is consolidating its team by recruiting Raluca Stanislav as Head of Business Development. more

12 dec 2023

Despite the recent emergence of artificial intelligence (AI) in the marketing landscape, a Chief Marketing Officer (CMO) Survey conducted by Duke University with the support of Deloitte reveals that more

12 dec 2023

Mircea Turdean says cosmetics producer Farmec Cluj, a company he has run and controlled as a shareholder, has been and will always be a family business. more

12 dec 2023

Romanian car parts maker UAMT Oradea (UAM.RO) on Monday (Dec 11) informed the local capital market in a stock market report about the decision of the Board of Directors as regards contracting a loan more