11.15.2022

eMAG, the largest online retailer in Romania and the companies operating on its marketplace, sold products and services worth RON644 million on November 11, in the 12th Black Friday campaign of the more

11.14.2022

Drug manufacturer Biofarm (BIO.RO) recorded a net profit of RON65.7 million in the first nine months of 2022, an increase of 20% on the previous year, according to ZF calculations based on data more

11.11.2022

Romania’s economy is expected to expand by 5.8% in 2022, as compared to a 3.9% growth rate projected in July, the European Commission (EC) said in its Autumn 2022 Economic Forecast report released more

11.09.2022

Peter De Boer, a member of the managing board of DN Agrar Group, made up of 15 companies with a total of 10,000 bovines and working 10,000 hectares of land, says the group’s intention had been to more

11.08.2022

Technology company Life is Hard (LIH.RO) posted RON18.5 million revenue in January-September 2022, an increase of 15.53% on last year's figure. more

11.07.2022

Sortilemn in Gherla, one of the most important local suppliers of Sweden’s IKEA group, held by Austrian Michael Brandhuber, estimates EUR43 million revenue for 2022, up 14.5% compared with the more

11.03.2022

Travel agency Weco Travel, one of the largest on the local market, which provides business travel services to companies, estimates that this year it will overshoot the RON80 million revenue mark, a more

11.02.2022

Gas production in Romania reached 6.7 billion cubic meters In the first nine months of the year, up slightly from 6.6 billion cubic meters in the same period last year, data provided by the national more

11.01.2022

Romania's foreign exchange reserves (foreign currency plus gold) increased to more than EUR50 billion for the first time ever, reaching EUR51.78 billion at the end of October, compared with EUR49.3 more

10.31.2022

Romanian ice cream producer Ice Dyp Balas from Timis County, controlled by Vasile and Maria Balas, posted more than RON50.6 million (EUR10.3 million) revenue in 2021, up 4.6% compared with the more

10.31.2022

Romania’s government expects the country’s economy to grow by 4.6% in 2022 and 2.8% in 2023, despite the inflation, energy crisis in Europe or the coming recession in the eurozone, the National more

10.31.2022

Aegon Romania ended the first half of 2022 with an 8.2% increase in gross underwritten premiums, at RON76.7 million, vs RON70.4 million in 1H/2021. more

10.31.2022

Modulo Decorative Solutions, a company specialized in the production of decorative stone cladding solutions, wants to grow fast on the local market in the following years amid the investment plans it more

10.28.2022

Siemens Energy, a major energy technology company, has already recruited 450 Romanian engineers in Romania, to be added to its initial 200-member team, and plans further growth in the coming period. more

10.26.2022

Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase against 2021. more

10.25.2022

The Romanian video game development industry closed 2021 with $312 million revenue an increase of 20% on 2020, more than double the 2016 figure, an annual survey by the Romanian Video Game Developers more

10.25.2022

Private lending in Romania in September went up by 16% from September 2021, to a total volume of RON364.7 billion, after local currency lending rose by 14.3% and foreign currency lending, expressed in more

10.19.2022

Euroins Romania, the largest insurer in the country after City Insurance went bankrupt, ended the second quarter with RON1.52 billion in gross written premiums, an increase of 110% year-on-year, more

10.19.2022

Google’s team in Romania has reached around 400 people and will continue to grow in the coming period, according to the company’s representatives. more

10.19.2022

2022 will mark a return to growth for Avon, a major player on Romania’s cosmetics market, after three years of decline partly fueled by the pandemic. more

10.19.2022

Rondocarton, part of the Austrian group Rondo Ganahl, and one of the largest producers of corrugated cardboard in Romania, posted almost EUR60 million revenue in the first half of 2022, compared with more

10.18.2022

The cosmetics and perfumery market in Romania will grow by 2.3% on average a year until 2026, an analysis by Virtual Board, a management information democratization platform that integrates artificial more

10.17.2022

Allianz-Tiriac, Romania’s second largest general and life insurer in line with the latest financial watchdog ASF data, estimates it will near the RON3 billion threshold in terms of underwritten more

10.13.2022

Romania’s economic growth is slowing down as the market tries to adapt to high energy prices, with a GDP growth estimated at 5% in 2022 and at 2.3% in 2023, according to an analysis by lender OTP more

10.12.2022

The national statistics institute INS on Wednesday (Oct 12) revised Romania’s economic growth slightly lower to 5.7% both in unadjusted data and in seasonally adjusted data for the first half of more