30 sep 2021

The Romanian subsidiary of US giant Microsoft, a major global provider of IT equipment, applications and services reached over 1,000 employees and turnover worth RON467.4 million in 2020 (accounting more

29 sep 2021

Innobyte, a leading player on the Romanian e-commerce market, recently acquired by solutions provider Life is Hard, aims to boost turnover by around 15% this year from 2020, thus getting beyond the more

21 sep 2021

Pentalog Romania, a French-owned provider of software development and consultancy services, present in Romania for over two decades, in 2020 went beyond the EUR36 million (RON178.1 million) threshold more

15 sep 2021

FintechOS, the Romanian startup developing digital solutions for the financial industry, is tapping the US market, where it is set to work both for traditional banking and lending institutions, as more

6 sep 2021

Early-stage venture capital firm Early Game Ventures (EGV) has signed an agreement for a financing round of EUR200,000 for the speech recognition startup Vatis Tech. The investment will go towards more

2 sep 2021

Gameloft Romania, a videogame developer and publisher established more than a decade ago, saw its revenue increase by about 3% last year, when people had to spend more time in their homes to avoid more

17 mai 2021

Mobile communications device repair service company Electronics Support Division (ESD) posted about RON103.3 million (EUR20.9 million) revenue in 2020, a decline of more than 7% year-on-year, Finance more

20 apr 2021

ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, ended 2020 with EUR45.85 million revenue, an increase of 29% on the previous year, fueled by the greater demand for IT more

15 apr 2021

Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended 2020 with more than RON443 million (some EUR90 more

13 apr 2021

Romanian-held Vexio, an online retailer of consumer goods, computer and electronics products, home and garden products and school supplies, expects a 25% increase in sales to EUR25 million this year, more

24 nov 2020

Software services and solutions provider NTT Data Romania (formerly EBS Romania), part of the Japanese group by the same name, is looking for technology specialists to fill its more than 75 open more

16 oct 2020

Damen Shipyards Mangalia held by Netherland’s Damen group, ended last year with more than 131 million lei (EUR26.8 million) revenue, an increase of 16% on the previous year, when it posted RON112.6 more

12 oct 2020

Legrand Romania, the subsidiary of France’s Legrand group, a global electrical and digital building infrastructure specialist, ended last year with growth of 6% in revenue to more than 115.7 milion more

22 sep 2020

Cineplexx Romania, the local subsidiary of Cineplexx International, one of the largest movie theater operators in Central and Eastern Europe, has inaugurated a new multiplex cinema in Targu-Mures, the more

21 sep 2020

Astra Vagoane Calatori, one of the largest rolling stock manufacturers in Romania, plans to develop production capacity in its two plants in Arad. more

15 sep 2020

Coca-Cola HBC Romania, the largest beverage bottler in the country, saw a 10% to 20% decline in sales in the first half, following the lockdown impact especially on the hospitality industry. more

25 aug 2020

Furniture manufacturer PGS Sofa & Co in Oradea ended 2019 with more than 344 million lei (EUR71 million) revenue, 4% higher than in 2018, Finance Ministry data show. more

19 aug 2020

The top 30 employers in Romania’s automotive industry (car and component manufacturing) slashed 10,000 jobs in 2019 compared with 2018. This was the first time in five years when the industry laid more

17 aug 2020

Rolling stock manufacturer Astra Rail Industries, which owns railcar plants Astra Vagoane Arad, Romvag in Caracal and Meva in Turnu Severin and is the largest rolling stock maker by revenue in more

14 aug 2020

International road freight carrier Trans Euro Express ended 2019 with more than 113 million lei (EUR23.3 million) revenue, 8% higher than in 2018, Finance Ministry data show. more

8 iun 2020

Blue Air, the largest Romanian-held airline, posted over EUR80 million lower than expected sales in March-May 2020. more

5 mai 2020

A downgrade of Romania’s rating to junk would cause a chain reaction, so the government should do everything in its power for the rating agencies not to downgrade Romania’s rating, believes Sergiu more

23 mar 2020

Telecom watchdog ANCOM estimates traffic in the communications networks will surge by up to 50% over the coming period * Jean Valvis, the chairman of Valvis Holding: Sales are up 250% to 300’% at more

14 ian 2020

Travel agency Paralela 45 ended 2019 with EUR70 million sales and expects sales to grow by 15% this year. more

12 dec 2019

Romania has the necessary natural resources – the water springs, to become a top player on the world’s mineral water market and the stake of the Romanian brands may increase from a local market of more