2 mai 2024

Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result more

29 apr 2024

Meta Estate Trust, (MET.RO), a holding company in the real estate sector, has secured shareholder approval for distributing the 2023 profits as bonus shares to investors through a capital increase of more

29 apr 2024

The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up to EUR95.3 million (RON473.69 million). The measure more

29 apr 2024

Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Austrian more

26 apr 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

25 apr 2024

Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average yields of 6.24% and 6.82%, respectively. more

25 apr 2024

PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti, Popesti-Leordeni and Covasna plants, in the wake of a total more

23 apr 2024

Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director of leasing, a position from which she will be more

23 apr 2024

Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement more

23 apr 2024

Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first city the company has chosen to bet on locally after more

19 apr 2024

A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the more

19 apr 2024

ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term of interim CEO Alexandru Savin, who will continue to more

19 apr 2024

Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64 stood at a 68.7%, an increase of 0.2% year-on-year, more

18 apr 2024

New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associations more

16 apr 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

16 apr 2024

Premier Energy group, owned by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiri Smejc, has completed the acquisition of CEZ Vanzare, in the wake of which the regional client more

15 apr 2024

Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a portfolio more

15 apr 2024

Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu (via OA Liviu Holding Invest) and Victor Capitanu more

10 apr 2024

More than half (54%) of the total area leased by the Cluj-based company Transilvania Constructii in the TRC Parks logistics projects it develops and manages is used for warehousing and distribution, more

10 apr 2024

Agroland Business System, a Romanian retail, farming and food entrepreneurial group, has budgeted additional investments of around RON15 million in 2024 mainly targeting the Mihailesti poultry more

10 apr 2024

Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take over Romania consumer goods wholesaler DRIM Daniel more

9 apr 2024

Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three months of 2024 and overshot the 550-location mark in more

9 apr 2024

Altius, a veterinary medicine company controlled by Marius Diaconu, together with PetMart, a business operating on the segment of online wholesaler of pet products, have leased 5,400 square meters of more

9 apr 2024

Teilor Holding SA, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest more

9 apr 2024

Filip & Company team assisted DIGI Spain Telecom S.L.U. in the deal sealed with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium made up of Macquarie Capital, abrdn and Arjun more