21 nov 2024

Law firm Clifford Chance Badea has advised PPC Group in closing the EUR700 million transaction through which it acquired the Romanian renewable energy portfolio of Evryo Group, owned by Macquarie more

21 nov 2024

The European Commission has announced on Nov 21 that it has approved a EUR578 million (RON2.9 billion) Romanian state aid scheme to support energy-intensive companies. more

21 nov 2024

Romania's Finance Ministry raised RON752 million from banks on Thursday (Nov 21), selling government paper in two auctions, at annual average yields of 6.34% and 7.16%, respectively. more

21 nov 2024

PPC (Public Power Corporation) Group has completed the acquisition of the renewable energy generation portfolio of Evryo Group in Romania (formerly known as CEZ Romania), previously owned by funds more

21 nov 2024

The return to the office has continued to grow in 2024 as employees increasingly feel the need for direct interaction with colleagues, and employers implement strategies that encourage a full-time more

21 nov 2024

Private healthcare network MedLife continues its expansion plans by inaugurating the new MedLife Craiova Hospital, following a nearly EUR6 million investment that marks a new milestone for the private more

21 nov 2024

Banca Comerciala Romana (BCR) and Softlead, a marketplace in Romania that helps companies to choose the right software solution, based on their Digital DNA, have concluded a partnership which allows more

20 nov 2024

The Board of Directors of electricity supplier and distributor Electrica (stock symbol: EL) has called shareholders for a meeting on February 5, 2025 to vote in favor of approving an investment more

20 nov 2024

The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in Romania's northeastern region of Moldavia. more

20 nov 2024

Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON478.8 million, the company informed its shareholders and more

20 nov 2024

Romanian company Gomag, which puts an e-commerce platform at the disposal of online stores, expects to end 2024 with an increase of over 30% in turnover, to over EUR3.5 million, company more

20 nov 2024

The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total usable area authorized for construction plunged 62%, more

20 nov 2024

Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher than the USD134 million level recorded in the same more

20 nov 2024

Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution systems in the towns of Galati, Oradea and Targu-Mures. more

20 nov 2024

The overall costs of the global energy transition, estimated at USD200 trillion by 2050, could be reduced by almost 25 percent using de-risking instruments, thus facilitating new methods of financing more

20 nov 2024

The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number of working days and seasonality, data from more

19 nov 2024

Insulating panel maker Isopan ESt, with a plant in Popesti-Leordeni, ended 2023 with a turnover of RON469.9 million (EUR95 million), down nearly 15% from RON552.7 million (EUR112 million) reported in more

19 nov 2024

Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR to 'F3' from 'B'. The Outlook on the Long-Term IDR is more

19 nov 2024

The number of job vacancies in Romania reached 39.9 thousand in the third quarter of 2024, marking an increase of 5.4 thousand compared to the previous quarter, data from the country’s statistics more

19 nov 2024

Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) is listing its first corporate bonds worth EUR500 million, at the Bucharest Stock Exchange (BVB) on Nov 19. more

18 nov 2024

Chemical fertilizer wholesaler Solarex Impex, held by entrepreneurs Maria Luciana Turna, Leonard Mugurel Stoica and Maria Stoica, ended 2023 with a turnover of RON235.9 million (EUR47.7 million), down more

18 nov 2024

Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, on Nov 15 opened a new store, in Dambovita Mall Targoviste, reaching a total of 55 units in Romania. more

18 nov 2024

Romania's finance ministry on Monday (Nov 18) rejected all bids for government bonds maturing in May 2027, as it deemed the bid price unacceptable, central bank data showed. more

18 nov 2024

Wallberg Properties, the real estate developer controlled by entrepreneur Valentin Morar, has obtained EUR5.9 million financing from lender Banca Transilvania for the construction of the fourth more

18 nov 2024

71% of managers in Romania are moderately or highly concerned about Romania's economy in the coming period, as per the latest CONFIDEX study about the confidence of the business environment in the more