29 apr 2022

Lender Banca Comerciala Romana (BCR), controlled by Erste Group, ended the first quarter of 2022 with net profit worth RON477.5 million (EUR96.5 million), up 12.5% from RON424.6 million (EUR87.0 more

28 apr 2022

Romania’s largest cosmetics manufacturer, Farmec Cluj-Napoca, posted RON285 million revenue in 2021, an increase of 8.4% on 2019 and 1.2% lower than in 2020, when sanitizers carried the weight the more

28 apr 2022

Sport Guru, the main retailer and distributor of specialized sporting goods domestically, posted total sales of RON38.4 million at the end of 2021, up 62% on the year, and RON2.8 million net profit, more

28 apr 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

28 apr 2022

Altius, an Importer and distributor of veterinary medicines and veterinary medical equipment, has relocated its office to One Tower, part of the multi-purpose development One Floreasca City, where it more

28 apr 2022

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, rose to 4.88% a year on Thursday (April more

28 apr 2022

Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, contracted EUR8 million funding from OTP Bank Romania for the construction of Turda-based retail project more

28 apr 2022

Romania’s business managers for April-June forecast moderate activity growth in the processing industry, retail trade and services, in parallel with a steep price increase in industry, constructions more

27 apr 2022

Private lending in March expanded by 15.7% from the year-earlier period, to RON336.1 billion, after local currency lending increased by 20% and foreign currency lending by 5.6% when expressed in lei, more

18 apr 2022

Carbochim Cluj-Napoca (CBC.RO), the largest manufacturer of professional abrasives in Romania, indirectly controlled by Iulius Group owner Iulian Dascalu, announces investments of more than EUR5 more

15 apr 2022

After years of Mamaia and Navodari resorts being on the investors' list, with more than 50,000 apartments and hotel rooms built in recent years, now the focus of developers tends to shift to the more

15 apr 2022

Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said. more

12 apr 2022

Nordis Group, a real estate developer of premium hotel and residential complexes, announced that it would start delivering the hotel and residential units in the first phase of the Nordis Mamaia more

11 apr 2022

Romania’s trade balance posted a EUR4.58 billion deficit during January-February period, up by EUR1.5 billion from the year-earlier period, data from the country’s statistics board INS showed on more

7 apr 2022

Arctic, the largest manufacturer of household appliances in Romania, has opened a regional spare parts hub near the Pitesti-Bucharest highway that will supply 23 countries, as part of the development more

7 apr 2022

AROBS Transilvania Software, a Romanian IT company controlled by Cluj entrepreneur Voicu Oprean, listed on the AeRO market of the Bucharest Stock Exchange under the ticker AROBS, has sealed a contract more

28 mar 2022

Romania’s Finance Ministry reopened a bond issue due in January 2028 and raised RON363.5 million from banks on Monday, RON163.5 milion more than the planned RON200 million, at an annual yield of more

28 mar 2022

Insolvency specialist CITR has sold RON13.15 milion (more than EUR2.6 million) worth of agro-industrial assets to Cerealcom Bacau, a member of the agribusiness group Pambac, the company part of the more

28 mar 2022

Technology start-up investment platform SeedBlink announces that it has opened its first branch outside Romania in Sofia, Bulgaria, as part of its expansion strategy. more

28 mar 2022

Romanian business managers for the March-May period expect moderate activity growth in the processing industry, in parallel with a steep price increase in industry, constructions and trade, while the more

24 mar 2022

Romanian businessman Iulian Dascalu, owner of Iulius Group, has started the licensing process of a mixed-use project near Romexpo in Bucharest, through the company Factory Business United held by more

22 mar 2022

Agroserv Mariuta, the Romanian company that owns Laptaria cu Caimac brand, ended 2021 with RON68.4 million turnover, up 40% from 2020 and net profit of RON1.7 million, from RON6.2 million losses in more

18 mar 2022

SIF Hoteluri, a company controlled by SIF Banat-Crisana, announced the company’s shareholders approved the sale of DoubleTree by Hilton hotel of Oradea, part of the company’s portfolio. more

9 mar 2022

Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, reported RON58.7 million operating revenue in 2021, up 40% on the year, and net more

4 mar 2022

Packeta Romania, the local subsidiary of Czech-owned Packeta Group, a global digital platform for e-commerce, plans to reach a nationwide network of over 1,000 pick-up points this year, from 500 units more