Nuclearelectrica Signs USD $119M Framework Agreement With General Electric
03.26.2019
Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH / / GE Global Parts & Products GmbH, for the provision of complete maintenance and repairs services for the turbine, electric generator, valves and auxiliary systems of the two reactors at Cernavoda nuclear power plant.
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Top Three Manufacturers Account For 25% Of Romania’s Cosmetics Market 07.11.2019
The EUR1 billion cosmetics market in Romania is heavily fragmented and mainly the playground of foreign companies, part of international giants,... more
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Decathlon Sales up 16% to Almost EUR200M in 2018 07.11.2019
French-held Decathlon, the leading sporting goods retailer in Romania, ended 2018 with 16% growth in sales to 885 million lei (EUR190 million). more
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Profi Aims For 2,500 Stores in Romania By 2023 07.11.2019
Retail chain Profi, held by buyout investor Mid Europa Partners, set out to grow to 2,500 stores by 2023, after having overshot the 1,000 store... more
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European Investment Fund Grants RON10M Loan To Patria Credit IFN For Business Growth 07.10.2019
Patria Credit IFN has contracted a subordinated loan of RON10 million, over a ten-year period, from the European Investment Fund (EIF) in order to... more
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Hödlmayr Logistics Romania To Transport All Dacia Vehicles Made In Pitesti To Car Dealers In Germany 07.10.2019
Logistics firm Hödlmayr has become in charge with the transport and distribution of all Dacia vehicles manufactured in Pitesti towards car dealers... more
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City Grill Group Expands Retail Presence With New Concept, Pravalia lui Manuc 07.10.2019
City Grill Group, one of the leading players in the restaurant industry, held by entrepreneur Dragos Petrescu, is expanding its presence on the... more
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Alexandrion Group Buys Cyprus-Based Alcoholic Beverage Distributor Cavaway 07.10.2019
Alexandrion Group, the largest spirits producer on the Romanian market, has announced the conclusion of an agreement for the acquisition of a... more
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New Car Registrations In Romania Grow 15.04% YoY In June 2019 07.10.2019
New car registrations in Romania grew 15.04% on the year in June 2019, to 14,082 units, data from the Romanian association ACAROM and the Driving... more
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Lidl Opens 11 Stores in H1, Set to Continue Fast-Paced Expansion 07.10.2019
German-held retailer Lidl opened 11 stores in Romania in the first half, after having opened another 20 in the entire 2018. It will continue... more
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Romania’s Smartphone Market Down 2.5% In Value in Jan-May 07.10.2019
The smartphone market in Romania did not continue to grow in value as it did in 2018 and dropped in the first few months of 2019, as users turned... more
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Vegetable Oil Producer Ardealul Carei Expects 15% Growth in Revenue in 2019 07.10.2019
Ardealul Carei, one of the largest vegetable oil producers in Romania, has budgeted 275 million (EUR58 million) revenue in 2019, up 15% over 2018,... more
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Antitrust Watchdog Looks Into Electroplast Acquisition By Platforma ROCA 07.09.2019
Romania’s Competition Council is looking into a transaction whereby the company Platforma ROCA is taking over the company Electroplast SA, to... more
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Fondul Proprietatea Gets Financial Watchdog’s Approval For Share Repurchase Program At 13% Higher Price 07.09.2019
Romania’s Financial Supervisory Authority (ASF) has cleared investment fund Fondul Proprietatea (FP.RO) for a program for the repurchase of 150... more
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PwC Survey: Skilled Labor Shortage Cause EUR7B Loss For Companies In Romania 07.09.2019
Over half of Romanian entrepreneurs (52%) said the lack of qualified employees generates financial loss which, estimated for the entire economy,... more
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Deloitte: Romania’s M&A Market At EUR1.4B–EUR1.6B In 2Q/2019 07.09.2019
According to Deloitte estimates, the total value of the Romanian mergers and acquisitions (M&A) market, including transactions with undisclosed... more
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Polytechnic University Of Bucharest Gets EUR25M EIB Loan For Construction Of New Building 07.09.2019
The European Investment Bank (EIB) has agreed to provide EUR25 million to increase the quality, efficiency and effectiveness of teaching, learning... more
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Romania Registers 40,207 Real Estate Deals In June 2019 07.09.2019
The number of real estate deals in Romania stood at 40,207 in June 2019, 4,249 fewer than in May 2019 and 8,374 fewer than in June 2018, according... more
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Steaua De Mare Complex in Eforie Nord Sees Revenue up 70% in 2018 07.09.2019
Steaua de Mare hotel complex in the seaside resort of Eforie Nord ended last year with 8.8 million lei (EUR1.86 million) revenue, 69% higher than... more
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Distributor Macromex Sees Revenue up 13% in H1 07.09.2019
Macromex, the largest Romanian-owned distribution business, ended the first half with 13% higher revenue than in year-ago period, the company said.... more
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Businessman Dragos Anastasiu Sells Travel Brands To Firm Held By German Tour Operator DerTour 07.08.2019
Romanian businessman Dragos Anastasiu has sold the travel agency chain Travel Brands, a brand founded at the end of 2018, to Exim Holding, part of... more
Private healthcare network Regina Maria has been put up for sale by its owner, Polish buyout investor Mid Europa Partners. The deal
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Romania's government will lower the tax on banks' financial assets and decouple it from money market rates, according to a draft
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Romania's government will postpone until May 31 the enforcing of new share capital requirements for administrators of mandatory private
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Nuclear power company Nuclearelectrica (SNN.RO) on Tuesday concluded a framework agreement with General Electric Global Services GMBH /
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Low-cost airline Blue Air has signed a new bilateral interline agreement with state-run airline TAROM.
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The number of tourists in Romania grew 6.7% in 2018 and the turnover generated by the hotel industry is estimated at EUR1.2 billion,
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Financial analysts’ confidence in Romania’s economy perked up in February compared with January but is still below the level
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Molson Coors Global Business Services (GBS), the services center of Canadian group Molson Coors which owns brewer Bergenbier in
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
