ZF

Central Bank: Romania’s Current Account Deficit Skyrockets To EUR12.6B YoY In January-May 2025

Mon, 14 Jul 2025 15:06:40 GMT

Romania's current account deficit surged to EUR12.6 billion in January-May 2025, compared with the EUR8.6 billion level in the same period of 2024, central bank data showed on Monday (July 14, 2025).

Competition Council Analyzing Sale Of Regina Maria To Mehiläinen Group

Mon, 14 Jul 2025 13:46:53 GMT

The deal between the private healthcare network Regina Maria and Finland’s Mehiläinen Group is being analyzed by the Competition Council, the institution said in a press release. Two months ago, in April 2025, the private operator announced the sale of the entire business to the Finnish group.

Betty Ice Seeks To Boost Ice Cream Production At Its Suceava Plant To Over 20 Million Liters A Year

Mon, 14 Jul 2025 13:28:12 GMT

Betty Ice, one of the largest ice cream producers in Romania, aims to boost annual production at its Suceava plant to more than 20 million liters of ice cream, after investing more than EUR4 million in plant upgrades in 2024 and 2025.

Three-Month ROBOR Flat At 6.75% On July 14

Mon, 14 Jul 2025 12:17:36 GMT

The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies' leu-denominated loans, remained flat and started the week at 6.75% on Monday (July 14), the same as on Friday (July 11).

Operator Of Kenvelo, Lee Cooper And Timeout Stores Montecristo Retail RO SRL Goes Insolvent

Mon, 14 Jul 2025 12:09:43 GMT

Montecristo Retail RO SRL, which operates the Kenvelo, Lee Cooper and Timeout store chain in Romania, has gone insolvent, as decided by the Ilfov Court of Law.

INVL Baltic Sea Growth Fund Raises Over EUR150M To Complete Acquisition Of Pehart Grup And Further Development

Mon, 14 Jul 2025 11:38:38 GMT

INVI Baltic Sea Growth Fund, the main private equity fund in the Baltic countries, has completed investment in Pehart Grup, one of the leading manufacturers of paper products for household and industrial use in Romania.

Number Of Hotels In Romania Affiliated To International Brands Triples In Two Decades, Following EUR1B Investments By Entrepreneurs

Mon, 14 Jul 2025 08:21:31 GMT

In the last two decades, the number of hotels in Romania affiliated to an international brand has tripled to 76, following EUR1 billion investments by local entrepreneurs, according to ZF estimates.

Electric Motor Plant Nidec In Oradea Revenue Shrinks 24.4% To RON168.7M In 2024

Mon, 14 Jul 2025 07:27:25 GMT

Nidec electric motor and drive and control equipment factory in Oradea, owned by the Japan’s Nidec Group, posted RON168.7 million (EUR33.9 million) revenue in 2024, down 24.4% from the previous year’s almost RON223.3 million (EUR45.1 million), according to ZF calculations based on Finance Ministry data.

Electronic Component Maker Plexus Oradea Revenue Rises 28.5% To Over RON1.9B In 2024

Mon, 14 Jul 2025 07:13:09 GMT

Electronic components manufacturer Plexus Services Ro, the local subsidiary of US group Plexus, posted RON1.907 billion (EUR383.4 million) revenue in 2024, up about 28.5% on 2023’s RON1.484 billion (EUR300.1 million), according to ZF calculations based on Finance Ministry data.

Cold Cuts Producer Meda Pro 98 Ends 2024 With 9.6% Growth In Revenue To RON317.6M

Mon, 14 Jul 2025 06:50:50 GMT

Cold cuts factory Meda Prod 98, one of the biggest actors on the market, controlled by Luchi Georgescu, ended 2024 with RON317.6 million revenue, up 9.6% year-on-year, Finance Ministry data and ZF’s calculations show.

Maspex Romania Aims For 7% Growth In Revenue In 2025

Mon, 14 Jul 2025 06:26:55 GMT

Maspex Romania, one of the largest players on the beverage market, as well as an important player in the snacks and food segment, has budgeted a 7% increase in revenue for 2025, which could exceed RON1.34 billion.

Three-Month ROBOR Ends July 7-11 Week at 6.75%

Fri, 11 Jul 2025 09:29:27 GMT

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended the July 7-11 week at 6.75%, flat from Thursday, July 10.

Agroland Feed Production Rises 50%, Egg Output Up 17% in Q2/2025

Fri, 11 Jul 2025 08:43:26 GMT

Romanian entrepreneurial group Agroland, present on the agribusiness, retail, food production and animal nutrition market, reported its two feed factories, located in Caransebes and Isalnita, produced a total quantity of 7,268 tons. This figure represents a 50% increase compared to Q2 2024, while also marking a 1% rise versus the previous quarter.

Credit Europe Bank Officially Becomes Nexent Bank

Fri, 11 Jul 2025 07:54:54 GMT

Credit Europe Bank continues its evolution under a new name, Nexent Bank, starting July 11. The transition reflects a clear direction toward the consolidation of a modern, transparent banking experience, oriented towards clients’ needs.

Statistics Office: Romania Annual Inflation Rate Climbs To 5.7% in June 2025

Fri, 11 Jul 2025 07:31:32 GMT

Romania’s annual inflation rate went up to 5.7% in June, after having climbed to 5.5% in May, the highest level of the past year and a half.

Finqware Turns Profitable, Eyes Foreign Expansion

Fri, 11 Jul 2025 06:48:44 GMT

Finqware, a Romanian fintech specializing in the treasury management automation, has become a profitable company, with a positive cashflow, and is on a growth trajectory, generated by local and international clients.

GFR Registers RON1B Turnover in 2025, Eyes RON997.4M in 2025

Fri, 11 Jul 2025 06:40:26 GMT

Grup Feroviar Roman, the most important company part of Grampet group, leader of the rail freight transport market, ended 2024 with RON1 billion turnover, flat from 2023, and 2,652 employees, but expects RON997.4 million this year.

Romanian Tennis Equipment Brand Electryphy Wants to Expand Abroad

Fri, 11 Jul 2025 06:32:48 GMT

Electryphy, a local tennis equipment brand, was set up by Cristi Dragnea and Monica Nitescu in the wake of a EUR100,000 investment. The brand was launched this June, but the entrepreneurs are already planning foreign expansion.

Blue Air Goes Bankrupt, All Assets To Be Sold

Thu, 10 Jul 2025 17:39:37 GMT

Low-cost airline Blue Air has gone bankrupt, as neither its management nor its majority shareholder, the Romanian government, managed to attract an investor, Infinexa, a Romanian entrepreneurial company specializing in restructuring and financing companies in difficulty, announced on Thursday.

Finance Ministry Raises RON1.7B From Banks Via Two Bond Issues On July 10

Thu, 10 Jul 2025 16:39:38 GMT

Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (July 10), selling government paper in two auctions, at annual average yields of 6.85% and 7.31%.