05.28.2024

Technology company Cegeka Romania, the local subsidiary of the Belgian IT group by the same name, posted EUR60 million revenue in 2023, up almost 30% from the previous year, its representatives said more

05.27.2024

Private lending in Romania went up 5.8% to RON391 billion in April 2024 compared with April 2023, central bank data showed on Monday (May 27, 2024). more

05.22.2024

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0719 units/euro in the next 12 months, while the inflation rate will more

05.20.2024

Romania’s insurance market has grown a lot and more than doubled in the past decade, while its main segments have either performed the same or tripled or grown ten-fold, like the life insurance more

05.20.2024

The operating leasing market in Romania grew by 12% to 89,500 units under management in 2023, of which more than 90% are full service, according to the estimates of the Association of Operating more

05.15.2024

Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's statistics board INS showed on Wednesday (May 15). more

05.08.2024

Oradea-based Criboser, the second most dynamic road carrier in Romania by revenue in 2022, expects business to grow this year after buying 20 more trucks to carry goods from Belgium, Germany and the more

05.08.2024

Lensa, one of the most important players in the Romanian eyewear market, recorded last year revenues of more than RON207 million, up 54%, and reached a network of 81 stores, after opening 47 in 2023. more

04.26.2024

Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will more

04.26.2024

The market for payroll and human capital management solutions in Romania is going digital fast, creating significant growth potential for Romanian Software - the industry leader - in the coming years. more

04.25.2024

Austrian constructions company Strabag in 2023 registered a 65% increase in production volume, to EUR519 million, in parallel with a 13% reduction in orders, at EUR495 million. more

04.24.2024

Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in productivity metrics like profit per customer or more

04.24.2024

Private lending in Romania went up 4.7% to RON387 billion in March 2024 compared with March 2023, central bank data showed on Wednesday (April 24, 2024). more

04.23.2024

The Cluj-based cosmetics manufacturer Farmec ended 2023 with about 20% growth in revenue to RON358 million (more than EUR71 million), after entering new market segments, expanding its retail chain and more

04.17.2024

Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up more than 12% from the previous year, Finance Ministry more

04.17.2024

Air Claim (CLAIM.RO), a company that helps people get compensations for delayed or canceled flights, posted RON3.15 million net profit in 2023, an increase of 93.2% from the RON1.63 million of 2022. more

04.16.2024

Deltaica Seafood, which sells canned and prepared fish, ended 2023 with RON40 million revenue, a slight increase over 2022 and has budgeted a 20% increase for this year, its officials say. more

04.16.2024

International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in the October 2023 forecast, its latest “World more

04.15.2024

Farmacia Tei and Bebe Tei, one of the most dynamic businesses on the local market, will overshoot the RON2 billion revenue mark in 2024, company officials say, who budgeted a 20% increase over 2023. more

04.12.2024

The average net salary in Romania increased by 14.2% in February 2024 compared with February 2023 to RON4,876, data from the country’s statistics board INS showed on Friday, April 12, 2024. more

04.11.2024

Builder SSAB AG of Bacau, which built the Ikea store in Timisoara and several plants and warehouses, posted 51% growth in revenue to RON599.7 million in 2023, the latest data on the Finance Ministry more

04.11.2024

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, held by Valer Blidar, ended last year with over RON600 million revenue, more than double the previous year. more

04.10.2024

Floria.ro, one of the largest online flower stores in Romania, posted sales of more than EUR900,000 in the first quarter of this year, up 5% compared with the same period in 2023. more

04.09.2024

Romania ended 2023 with gross domestic product (GDP) of RON1,605 billion (EUR321 billion), higher by 2.1% compared to 2022, in line with data reconfirmed on April 9, 2024 by the country's statistics more

04.08.2024

The five-star, 270-room Sheraton Hotel in Bucharest expects revenue to increase 10% to 15% in 2024 compared with 2023, when the results were close to the 2019 level, a reference year in tourism. more