03.10.2023

Net investments carried out in the Romanian economy totaled RON150098.8 million in 2022, up 8.5% against 2021, in line with data the country’s statistics board INS published on Friday. more

03.09.2023

The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a result of the more

03.08.2023

Among the European Union Member States, the highest economic growth in the fourth quarter of 2022 compared to the third quarter of 2022 was recorded by Greece (1.4%), Malta (1.2%), Cyprus (1.1%) and more

03.08.2023

Romania's gross domestic product (GDP) grew by 4.8% in real terms (in unadjusted data) in 2022 as compared to 2021, provisional (1) estimates from the country’s statistics board INS showed on more

03.07.2023

Technology company Qualitance ended 2022 with EUR17.5 million revenue, an increase of about 35% on 2021, higher than expected. more

03.03.2023

Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the current value in more

03.02.2023

Evergent Investments (EVER.RO, formerly SIF Moldova) posted RON82.9 million net profit in 2022, an increase of 78.6% year-on-year, ZF has calculated from the preliminary unaudited annual financial more

02.28.2023

The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AAR) data more

02.28.2023

Purcari Wineries, a Moldovan winemaker listed on the Bucharest Stock Exchange under the symbol WINE, announced total revenue of RON302.5 million last year, up 22% from RON248.1 million in 2021. more

02.27.2023

Timisoara-based fuel supplier Artoil, owned by Alexandra and Alex Bunceanu, expects revenue to grow 10% this year compared with 2022, when it stood at RON1.14 billion (EUR231.2 million). more

02.27.2023

Conpet Ploiesti (COTE.RO), a state-run crude oil transporter, ended 2022 with RON64.7 million net profit, up 24.6% compared with 2021, while revenue stood at RON472.2 million, 14.4% higher, according more

02.24.2023

Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON2.5 billion consolidated net profit in 2022, an increase of 23% on 2021, while assets increased by 6% to RON140.5 billion. On the more

02.24.2023

Holde Agri Invest (HAI.RO), a Romanian-held company that operates farmland, posted RON117.5 million consolidated revenue in 2022, an increase of 87% and net profit of RON11.4 million (IFRS), 55% more

02.24.2023

In 2023, Zetta Hospital, created a decade ago by doctor Dragos Zamfirescu, is set to register 18% turnover growth, crossing the EUR6 million mark, according to Andreea Constantin Vilcioiu, general more

02.23.2023

The M&A market in Romania did well in 2022, with a 17% increase in the volume of reported deals (76 deals), while the reported value decreased to EUR1.4 billion from EUR2.7 billion in 2021, a report more

02.23.2023

Medicover Romania, the third largest player on the local private healthcare market, has further growth plans on the local market after having stepped up development in 2022. more

02.22.2023

Romania's economic growth will slow down significantly in 2023, but will revive in 2024 more than previously anticipated, according to the minutes of the monetary policy meeting of the Board of more

02.22.2023

In 2022, Romania wholesale trade turnover (not including vehicle and motorbike trade) went up by 22% in nominal terms from 2021 as gross series, in line with data provided by the country’s more

02.16.2023

Electrical equipment distributor Promelek XXI in Cluj-Napoca, part of the Spanish group Elektra, posted about RON200 million (EUR40.5 million) revenue in 2022, up 33% from the RON150 million (EUR30.5 more

02.16.2023

Salary, opportunities for professional growth and the possibility to work remotely are the most important employment criteria of Generation Z, as per the latest survey by online recruitment platform more

02.16.2023

Technical plastics solutions developer Reinert Kunststofftechnik, acquired at the end of 2019 by Germany’s CCBA Verwaltungs, posted more than EUR30 million revenue in 2022, up 25% on the previous more

02.15.2023

Software services company Qualysoft Romania, part of the Austrian group by the same name, recorded a 55% increase in revenue in 2022 compared with the previous financial year, its representatives said more

02.15.2023

The cash in circulation continued to rise and in December 2022 went beyond the RON101.3 billion level, a new all-time high, after a 5.4% increase from December 2021, according to central bank data. more

02.14.2023

Romania had the second highest economic growth rate in the European Union in the fourth quarter of 2022, 5% compared with the year-earlier period, after Ireland (15.7%) and ahead of Cyprus (4.4%), more

02.14.2023

The revenue of the winemakers in Romania increased by more than 20% in 2021 compared with 2020, reaching its highest level ever, almost RON2.1 billion, a KeysFin report says. more