19 feb 2024

KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over RON1.7 billion (EUR350 million), more than 90% of which more

19 feb 2024

Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of a photovoltaic power project, with a nameplate more

19 feb 2024

Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a member of the bank's Executive Committee, the bank more

19 feb 2024

Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea companies, part of PPC group in Romania, previously named E-Distributie Muntenia, Banat and Dobrogea respectively, have more

15 feb 2024

Stay Fit Gym, Romania’s second largest fitness center chain, targets revenues worth around RON80 million in 2024, double the level of the 2023 result, based on its expansion and organic growth more

14 feb 2024

Romanian state-owned port operator Oil Terminal, 87.7% controlled by the Romanian state, ended 2023 with net profit of RON14.2 million, up 23.2% year-on-year. more

13 feb 2024

Visual Fan, owner of Allview brand, has boosted its stake in Intervision Trading, the distributor of AKAI brand in CEE, to 70%, after taking over another 9% of the company’s shares. more

12 feb 2024

The Finance Ministry starting Monday, February 12 launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population. more

12 feb 2024

Filip & Company team granted legal assistance to Banca Transilvania in the signing of documents for the acquisition of OTP Bank Romania, OTP Leasing and OTP Asset Management. more

9 feb 2024

Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million. more

8 feb 2024

The office area traded in Bucharest in 2023 increased by 43% against the previous year, to over 463,000 square meters, also breaking the 2019 record of 390,000 square meters, in line with data more

8 feb 2024

BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the form of more

8 feb 2024

BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%. more

7 feb 2024

Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition of Eleven Alpha, a three-month program addressing more

2 feb 2024

Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private energy investor of Ukraine, for the construction of green more

31 ian 2024

Employers have posted more than 26,000 jobs since the start of the year and of these, almost 5% have been remote ones, half the level of the year-earlier period, reveals an analysis by eJobs, the main more

31 ian 2024

Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted investments worth around EUR0.5 million for the current year, flat from 2023, with a focus on boosting logistic activity more

29 ian 2024

Adrem group, a major local entrepreneurial business providing services and solutions for the energy and industrial sector, has contracted an over RON32 million loan from ING to support its development more

29 ian 2024

Financial analysts part of CFA Romania association estimate the Romanian currency will fall to an average exchange rate of 5.0781 units/euro in the next 12 months, while the estimated rate of more

25 ian 2024

Furniture producer Spectral Mobila has started building a logistic center near the plant it owns in Tutova, Vaslui county. more

23 ian 2024

Greece’s PPC Group, which officially became the owner of all Enel companies in Romania in 2023, estimates Romania’s electricity demand will increase by 10% by 2030, which means additional more

23 ian 2024

Bucharest employers had the biggest need of candidates at the start of this year and put a little more than 10,000 new jobs on the market. Cluj is the second most active county from this point of more

23 ian 2024

Engie Romania, the biggest player in the field of natural gas distribution and supply, has acquired a wind park with a total installed capacity of 80 MWp, majority held by EnerCap group of Chirnogeni more

22 ian 2024

A delegation of the International Monetary Fund led by Jan Kees Martjin will visit Romania during the January 29-February 1 period for the periodic meeting the institution has with Romanian more

19 ian 2024

United Business Center 3 (UBC) office building in the Palas complex in Iasi developed by the Iulius Group will have a coworking space for the business community in the city as of the second quarter more