04.11.2022

OTP Bank said in a report on Monday that Romania’s economic recovery is seen slowing substantially in 2022 and the country’s GDP growth is expected to stay below 2% in 2022 as inflation erodes more

04.11.2022

The World Bank downwardly revised its growth forecast for Romania's economy to 1.9% for 2022 from a previous projection of 4.3% in January, as per a report analyzing Ukraine war fallout over Eastern more

04.07.2022

Polyethylene pipe manufacturer TehnoWorld based in Suceava, northern Romania, posted RON309 million revenue in 2021, an increase of 18% on the previous year, Finance Ministry data show. The profit more

04.06.2022

Rail freight carrier LTE Rail Romania, part of the Austrian LTE Group, ended last year with RON33.9 million revenue, up from RON23.9 million in 2020, publicly available data show. The company posted more

04.06.2022

Prysmian's Slatina electrical and fiber-optic cable plant, part of the Italian Prysmian group, ended last year with sales of EUR287.4 million, up 29% on the previous year, and budgeted for growth this more

04.05.2022

Agricola Cereal Sud cooperative of Olt county, created five years ago, in 2021 posted RN41.7 million turnover, 6.6 times more than in the previous year. more

03.31.2022

The European Bank for Reconstruction and Development (EBRD) said in an analysis on Thursday that it expects Romania’s economy to grow by 2.8% in 2022, lowering its November forecast that pointed to more

03.28.2022

Romanian e-commerce platform Gomag recorded more than EUR2 million revenue at the end of 2021, up by about 45% compared with the previous year, and expects similar growth in 2022, the company said in more

03.24.2022

Brasov-based roofing systems maker Bilka, owned by entrepreneur Horatiu Tepes, went beyond RON245 million in terms of profit in 2021, leading to a 22% gain margin. The figure was more than double the more

03.22.2022

Romanian software solution development and implementation company and IT and Cloud infrastructure provider Bento (BENTO.RO) ended 2021 with RON27.3 million revenue, an increase of 78% year-on-year and more

03.22.2022

Pharmaceutical wholesaler Mediplus Exim, part of the A&D Pharma group, controlled by Penta Investments, increased its revenue by 15% to RON4.6 billion in 2021, the company said. more

03.17.2022

Banca Transilvania, Romania’s largest lender by assets, has revised the country’s economic growth forecast to 3.5% in 2022, from a previous projection of 5.1%, and the gross domestic product (GDP) more

03.17.2022

Dr. Max brand, introduced by the private equity firm Penta Investments on the market in 2020, after the acquisition of Sensiblu pharmacies, generated RON2.3 billion revenue in 2021, after an increase more

03.16.2022

Transport and logistics company Ignite Logistic, based in Sibiu, ended last year with RON40 million revenue, up from the RON35.6 million in 2020, its officials said. It expects revenue to increase by more

03.10.2022

The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says more

03.04.2022

OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Romania more

03.02.2022

Aerostar Bacau (ARS.RO), a manufacturer of aircraft components, posted about RON376 million revenue last year, up about 30% on the previous year, its preliminary results report says. more

03.02.2022

Patria Bank (PBK.RO), a lender held by Emerging Europe Accession Fund (EEAF) ended 2021 with a net profit at individual level of RON9.46 million, an increase of 238.3% or RON6.7 million on the 2020 more

02.25.2022

Romgaz (SNG.RO), Romania’s natural gas producer and supplier and the largest state-run company listed on the Bucharest Stock Exchange, saw its revenue increase by 44% and net profit by 52% in 2021 more

02.24.2022

Software solutions developer Plin Tech ended 2021 with more than EUR1 million (RON5 million) revenue, an increase of about 20% compared with the previous year. more

02.22.2022

Licurici Impex, an Onesti (Bacau County) based fast moving consumer goods distributor, estimates revenue will reach more than RON500 million (EUR101 million) in 2022, 2.5% higher than in 2021, ZF has more

02.18.2022

Agroland Agribusiness (AAB.RO), specialized in the sale of inputs for organic and conventional farming, part of Agroland group, for 2021 reported operating revenues worth RON32.3 million, up 75% from more

02.17.2022

Curtea Veche Publishing House ended last year with RON19.5 million revenue, and it estimates that revenue will reach RON25 million in 2022, its officials say. more

02.17.2022

Cluj-Napoca based ERP software developer Transart and one of Romania's leading providers of software for companies, posted EUR4.47 million revenue at the end of 2021, up about 20% from EUR3.6 million more

02.16.2022

Financial investment company SIF Transilvania (SIF 3.RO) posted RON99.8 million net profit on December 31, 2021, up by about 189% compared with the about RON34.5 million of the same period of the more