05.09.2022

The Romanian subsidiary of the European IT group Cegeka ended 2021 with growth of 18% in revenue and expects growth of 28% for 2021. It also plans to hire at least 200 people in Romania and 75 in the more

05.04.2022

Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021. more

05.03.2022

Craiova-based Softronic, the only manufacturer of electric multiple units and locomotives in Eastern Europe, ended the first quarter of 2022 with of growth of 52% on the year-ago period, the company more

05.03.2022

Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s economic growth for 2022 to 2.9% from a previous projection of more

04.29.2022

Agricover Group, the leader of the agribusiness market in Romania, ended 2021 with RON1.71 billion revenue, an increase of 50% year-on-year, as a result of an increase in market shares, it said in a more

04.29.2022

Erste Group, which owns Romanian lender Banca Comerciala Romana, on Friday published a report on the economy of the Central and Eastern European countries, in which it revised its forecast for more

04.28.2022

Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the 4.3% in more

04.28.2022

ABN Systems International (ABN.RO), the owner of the Tellur brand, ended 2021 with RON108.7 million (EUR22 million) revenue, an increase of 16.2% on the previous year, while the net profit rose 67.8% more

04.27.2022

Romania’s private healthcare market has been among the most dynamic fields in the past two pandemic years, but inflationary pressures are building and estimates point to a single-digit increase this more

04.26.2022

LPP group, active in the mass market fashion field, in 2021 generated turnover of around EUR190 million in Romania, 83% higher than in 2020, in line with ZF calculations based on the company’s more

04.20.2022

The International Monetary Fund (IMF) has lowered its economic growth projection for Romania to 2.2% for 2022 from a previous projection of 4.8% made in October 2021, the Fund said in the April 2022 more

04.14.2022

Half of the local financial-banking analysts expect Romania's annual inflation rate to range between 8% and 10% at the end of 2022 and 35% expect an inflation rate above 10%, as per a survey by the more

04.11.2022

Automotive component supplier Eckerle Automotive, the local subsidiary of the German Eckerle Group, posted RON229.7 million (EUR46.7 million) revenue in 2021, up 20% on the previous year, ZF has more

04.11.2022

The real estate market ended 2021 with a sense of optimism, which continued into the first quarter of 2022, with total investment volume reaching EUR98.6 million, a 75% increase over the first quarter more

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