01.20.2022

Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8 million (EUR173 million), up 17.4% year-on-year, the more

01.20.2022

Most commercial real estate (CRE) companies (80%) estimate revenue increases in 2022 compared to 2021 and 73% expect transactions activity to intensify over the next 12 months, according to the more

01.20.2022

The housing market in 2021 clinched a new record, after over 183,000 apartments were traded, a five-year high, up 50% on the year. more

01.18.2022

Bringo Magazin, which operates the Bringo delivery platform, posted almost EUR10 million (RON47 million) revenue in 2020 (the last year with publicly available data). more

01.18.2022

Monza Romania Group, held by Italy’s Policlinico di Monza, which operates four hospitals in Romania, ended last year with EUR62.5 million revenue and expects EUR70 million revenue in 2022, its more

01.18.2022

CEO confidence in the global economy’s growth prospects is at a ten-year high globally, according to the 25th PwC CEO Survey. Of the respondents, 77% expect the global economy to improve in 2022 more

01.17.2022

HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to more

01.14.2022

A number of 51,435 individuals had deposits of more than EUR100,000 euros or RON55.4 billion (about EUR11.3 billion) in all, at the end of the first nine months of 2021, the latest statistics of the more

01.12.2022

Romania’s economy is expected to grow by 4.3% in 2022, the World Bank said, cutting its June 2021 forecast by 0.2 percentage points, according to the World Bank's Global Economic Prospects report more

01.12.2022

Romania's gross domestic product (GDP) grew 0.4% in real terms (in unadjusted data) in the third quarter of 2021 as compared to the second quarter of 2021, the country’s statistics board INS said more

01.11.2022

Parcel delivery company Sameday, owned by eMag, ended last year with a 60% increase in revenues compared to the previous year, according to the data provided by the company, which did not specify the more

01.07.2022

Romania’s M&A (mergers and acquisitions) market in 2021 grew in terms of both value and volume against the previous year, marked by the coronavirus pandemic, stated PwC representatives, adding the more

01.06.2022

Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best more

12.31.2021

The IRCC index, which is used by banks to calculate interest rates for new loans taken out starting the spring of 2019, has increased to 1.17% on Friday (December 31, 2021), from 1.08% previously. more

12.31.2021

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, increased by 0.66% on the day to 3.01% a more

12.31.2021

The Bucharest Stock Exchange ended 2021 with a 33.2% return, with BET main index for the first time crossing the psychological 13,000-point threshold toward the end of the year. Dividends included, more

12.31.2021

The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% more

12.28.2021

Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts. more

12.28.2021

ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan. more

12.20.2021

tazz by eMAG delivery platform (the former online food delivery platform EuCeMananc) has put Daniel Kovats, Razvan Acsente and Mihai Brenda in charge of the Strategy, Business Development and more

12.16.2021

Polish fashion group LPP, which has five brands on the Romanian market, has reached 100 stores and 96,000 square meters of leased retail space in the country after a fast-paced expansion during the more

12.16.2021

The gradual comeback of consumption in 2021, despite pandemic-related uncertainties, is fueling a revival stronger than estimated in early 2021 in terms of marketing expenses and implicitly of the more

12.13.2021

Hünnebeck Romania, one of the leading local suppliers of casing and scaffolding systems, expects a significant business growth on the infrastructure segment, considering that in 2021 almost 40% of more

12.13.2021

The Romanian insurance market ended the first nine months of 2021 with gross written premiums of RON9.8 billion, up 15% compared with the same period in 2020, according to the data presented by more

12.07.2021

Stera Chemicals, one of the largest importers and distributors of chemical raw materials in Romania, posted EUR35 million revenue in the first nine months of this year, an increase of more than 120% more