21 aug 2023

Romania's Finance Ministry raised RON674 million from banks on Monday (August 21), selling government paper with a nominal value of RON500 million due in October 2028, at an annual average yield of more

21 aug 2023

The Bucharest hotel market remains attractive for hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE in more

21 aug 2023

The number of job vacancies in Romania dropped by 7,708 in the second quarter of 2023 against the previous quarter, to 39,371, while the job vacancy rate stood at 0.77%, down 0.16% from the first more

21 aug 2023

Bucur Obor, the company managing the Bucharest shopping center of the same name, reported RON7.57 million net profit for the first six months of 2023, up 4.81% from the year-earlier period. more

18 aug 2023

Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022. more

17 aug 2023

The European Bank for Reconstruction and Development (EBRD) is lending EUR15 million to the municipality of Alba Iulia in Romania to co-fund together with the European Union the rehabilitation of the more

17 aug 2023

Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, for the first half of 2023 reported RON8.54 more

14 aug 2023

Antibiotice Iasi (ATB.RO), the most important Romanian producer of generic drugs, recorded sales of RON315.9 million in the first half of 2023, a 27% increase compared with the first half of 2022, more

14 aug 2023

Romania's current account balance posted a deficit of EUR9.82 billion in January-June 2023, lower than the EUR11.9 billion in the same period of 2022, central bank data showed on Monday (August 14, more

14 aug 2023

Telecommunications operator Digi Communications (DIGI.RO) posted total revenue of EUR809.3 million in the first half of 2023, an increase of 12.9% on the corresponding period of 2022, while the profit more

8 aug 2023

International law firm CMS advised HelleniQ Energy Holdings, one of the leading energy groups in South-East Europe with operations across the entire energy value chain, on the acquisition of four more

7 aug 2023

Law firm Clifford Chance Badea assisted Enel Green Power Romania in implementing and completing the acquisition of a 63 MW photovoltaic park built in Calugareni, Giurgiu County, from Greece’s more

4 aug 2023

Dutch group Damen Shipyards, which in mid-2018 entered the shareholding structure of Damen Mangalia shipyard, is calling for the termination of the legal contract related to the functioning of the more

4 aug 2023

Doicesti-Sotanga photovoltaic park, with a 80 MW installed power, has become operational. The investment is part of Doicesti energy project that will include the first SMR in Europe, the second one in more

3 aug 2023

BRD-SocGen, the third largest bank locally by assets, in the first half of this year posted net profit worth RON768 million at group level, up 24.4% from the year-earlier period, while revenues rose more

26 iul 2023

Financial analysts part of CFA Romania association forecast an average inflation rate of 8.21% in the next 12 months, up from 7.73% rate forecast in May, amid the high budgetary gap and tax hike more

25 iul 2023

ROCA Industry, the building materials holding part of ROCA Investments, has announced its intention to acquire, via ECO EURO DOORS, part of the holding, a stake in interior door manufacturer Workship more

24 iul 2023

Law firm Musat & Asociatii advised China’s Geely Holding Group and Geely Automobile Holdings Limited on the Romanian legal matters of a joint venture agreement with the Renault Groupe for a new more

21 iul 2023

Housing in Romania's major cities has been getting more expensive overall, but encouragingly has reached record affordability levels, as the need for new homes far outstrips supply, while mortgage more

21 iul 2023

Personal net worth in Romania rose at an annual rate of 10.5% in the past five years, to $200 billion and is expects to continue to growth by around 7% by 2027, overshooting the growth rate of Eastern more

20 iul 2023

Tinmar Energy, an energy supply company owned by businessman Augustin Oancea, has around EUR150 million on the table for investment in expanding its renewable energy portfolio over the next three more

19 iul 2023

Romania continues to rank 14th in the EU by the number of new cars registered in January-June, with a volume of 73,645 units, up 25.4% from the year-earlier period, of which 6,998 were full-electric more

18 iul 2023

Law firm Filip & Company advised Banca Transilvania (TLV.RO), the largest player in the Romanian banking system, on the second bond issue of the program launched in April, through which it raised more

18 iul 2023

Romania’s media and entertainment industry is expected to reach EUR4 billion this year, up 7% from 2022, with most segments set to register growth, according to PwC Global Entertainment & Media more

18 iul 2023

Agroserv Mariuta, a Romanian farming company that owns Laptaria cu Caimac brand, has contracted a EUR9.5 million loan from CEC Bank, structured on the medium and long term, for the refinancing of the more