31 oct 2023

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of First Bank to the Italian group Intesa, a transaction more

31 oct 2023

Real estate investor-developer Hagag Development Europe has started work on the restoration, consolidation and refunctionalization of Stirbei Palace on Calea Victoriei. H Stirbei Palace is the more

31 oct 2023

Akcent Development, part of Romanian entrepreneurial group Alfa Group, set up by Alin Niculae, has started building 723 apartments in Bucharest’s Bucurestii Noi area, close to Jiului underground more

30 oct 2023

Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in April 2036 in an auction, at an average yield of 7.15%. more

30 oct 2023

US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania. more

30 oct 2023

Law firm RTPR assisted private equity firm MidEuropa Partners in the sale of Profi, while providing Profi support in the largest deal in the retail sector ever concluded in Romania, which stood at more

30 oct 2023

German-held retailer Kaufland plans to reach the 200-hypermarket mark in Romania by 2025, from the current 171 it has at the moment, developing at a steady pace of at least 10 new stores every year, more

30 oct 2023

CEC Bank and Tarom have signed a partnership agreement that will provide payment acceptance services for bank cards issued under the Visa and Mastercard logos, by taking over the settlement of card more

30 oct 2023

Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2023 posted net profit worth RON1.69 billion (EUR343.8 million), up 10.3% from the same period more

27 oct 2023

Greek group PPC, which bought Enel Romania for EUR1.2 billion, has appointed Alessio Menegazzo as CEO and Country Manager. more

26 oct 2023

Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered in the CFA survey since the start of the year. more

26 oct 2023

Retailer Made by Society is readying to enter Poland with a store in the main mall of Warsaw. This will be the third foreign market for the fashion retailer, after Bulgaria and the UK. more

25 oct 2023

Freight forwarder Dumagas is set to launch a process of investing in AI-based solutions, digitalization and automation, with a focus on boosting the operational efficiency of the business. more

20 oct 2023

HTEC Group, a global technology services, consulting and software company based in San Francisco, on Friday announced inauguration of a center of excellence for engineering in Cluj and is to expand to more

20 oct 2023

Romania remains 14th in the European Union in terms of new car registrations in January-September, 110,711 units, an increase of 16.2% on the year-ago period, 11,759 of which full electric and 32,597 more

19 oct 2023

Employers have put more than 62,000 part-time jobs on the market since the beginning of the year, an increase of 10% on the year-ago period, even though part-time jobs are still subject to the same more

19 oct 2023

Bucharest has significantly decreased its share in the number of new homes delivered in the last three years, while secondary areas such as Ilfov region have increased theirs, amid administrative more

18 oct 2023

Electrical power producer Hidroelectrica (H2O.RO) has decided to appoint Cristian Nicolae Stoina provisional member of its Supervisory Board starting October 18 until the convening of the first more

12 oct 2023

CreditAmanet holding, a Romanian-held provider of pawnbroking and money exchange services, aims to invest more than EUR1 million this year in business digitalization, which has become a priority in more

9 oct 2023

Law firm Filip & Company assisted growth investment fund Agista in its acquisition of an over 30% stake in medical clinic network Centrokinetic, specializing in orthopedics, neurology and medical more

5 oct 2023

Antibiotic Iasi, the biggest Romanian-held drug producer, is mulling new export markets, including Nordic ones, where it is trying to already develop its first local partnerships. more

4 oct 2023

German-held builder Geiger expects 20-25% higher turnover this year at the level of Romania operations, after having reported EUR70 million revenues in 2022, up 31% year-on-year. more

3 oct 2023

September brought more than one million applications on the labor market, the highest level since the start of the year, but also around 10% more than in September 2022, reveals an analysis by eJobs, more

2 oct 2023

A team of Wolf Theiss lawyers assisted DTEK Renewables International, a green energy investor and operator in Romania and the EU, with the acquisition of a wind energy project with a 60 MW installed more

28 sep 2023

DN Agrar Group, the largest integrated farm in Romania and leader in cow milk production, in the first six months of 2023 saw net profit top RON15 million, up over 200% from 1H/2022. more