3 nov 2023

BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by more

2 nov 2023

Real estate developer One United Properties obtained an ESG risk rating of 18.4 from Morningstar Sustainalytics, a leading global provider of ESG data, research and ratings. more

2 nov 2023

Bulgarian restaurant group Happy is set to open a unit in Romania in the first half of 2024 in AFI Cotroceni mall, thus marking its arrival on the local market, according to real estate consultancy more

1 nov 2023

Swiss-held Artemis Group, a developer of industrial spaces, has completed a EUR10 million investment in the fourth building of the Artemis Industrial Park in Sanandrei, Timis County. more

1 nov 2023

Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data showed on Wednesday (November 1). more

1 nov 2023

A team of lawyers of D&B David si Baias, PwC’s correspondent law firm in Romania, has assisted Greece’s Public Power Corporation in concluding the deal whereby it took over the Romanian more

1 nov 2023

Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business. more

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