28 feb 2023

Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, registered net profit worth RON1.74 billion (EUR354 million) in 2022, 23.8% higher than the RON1.4 billion (EUR286.5 more

28 feb 2023

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, derived RON1.2 billion consolidated turnover in more

28 feb 2023

Romania’s natural gas transmission company Transgaz (TGN.RO) in 2022 generated RON369 million net profit, almost twice the 2021 level, amid RON1.57 billion, up 15%. more

27 feb 2023

Romanian state-owned lender CEC Bank reported an estimated, unaudited net profit of RON 446.8 million for 2022, up 22% compared to 2021. This is the fourth consecutive year of solid profits, growth more

27 feb 2023

Aquila Part Prod, the largest player on Romania’s consumer goods market, ended 2022 with RON2.21 billion revenues, up 15% on the year, while its net profit rose by 20% to RON85 million, the best more

22 feb 2023

Dutch-held group Damen Shipyards, which bought into Damen Mangalia shipyard in mid-2018, is repositioning its business strategy to capitalize on its resources and experience in shipbuilding, in order more

22 feb 2023

Developers have announced the construction of more than 275,000 square meters of new office projects in major regional centers of Romania, Cluj-Napoca, Timisoara, Iasi and Brasov, so that the modern more

21 feb 2023

Danish-held mineral wool manufacturer Rockwool is looking into the possibility of expanding its local business by building a new mineral wool production line, in the plant it has in Aricestii more

20 feb 2023

The number of real estate transactions, which include houses, land and apartments, decreased in January by 44.4% compared with December 2022, data provided by the National Agency for Cadaster and Land more

15 feb 2023

5 to go coffee shop chain, the largest player in the field, has signed a strategic partnership with Carrefour whereby the 5 to go products dedicated to the retail segment will be present on the more

15 feb 2023

Businessman Stefan Mandachi announced he sold Spartan restaurant chain for EUR20.3 million to the biggest franchisees of the chain. more

14 feb 2023

Pluridio, a local fintech that develops software solutions and customized products for bank treasuries, has recruited Ovidiu Kislaposi as Chief Product Officer, a position from which he will develop more

13 feb 2023

Romania's current account balance posted a deficit of EUR26.57 billion or 8.9% of GDP in 2022, higher by almost EUR17.47 billion than in 2021, central bank data showed on Monday (February 13, 2023). more

13 feb 2023

ELI Parks continues expanding nationwide through a new logistic and industrial park in Oradea, which is set to include two building with a 30,000-sqm total area. more

9 feb 2023

More than half (56%) of Romania managers and entrepreneurs have hiked the sums earmarked for investments in 2023 against 2022, while 27% of them have kept them unchanged, reveals ASEBUSS Investment more

9 feb 2023

One United Properties (ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the construction license for One Lake District, a more

8 feb 2023

SafeTech Innovations, a Romanian cybersecurity firm with offices in Bucharest, London and Abu Dhabi, expects RON58.1 consolidated turnover and net profit of RON13.9 million for the current year. more

6 feb 2023

Building materials producer TeraPlast, controlled by Dorel Goia, has opened a logistic and rapid delivery center in Galati, set to serve Galati, Braila, Tulcea, Vrancea, Ialomita and Constanta more

6 feb 2023

Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted EUR500,000 in 2023, more than double the 2022 level. more

6 feb 2023

Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit. more

3 feb 2023

Transelectrica (TEL.RO), the operator of the national energy transmission system, has signed a Grant Agreement worth around $1.1 million with the US government, represented by the United States Trade more

2 feb 2023

Banca Transilvania, the leading lender in Romania, is among the 300 most valuable banking brands in the world this year, where it climbed to 297 from 302 in 2022, according to Brand Finance Baking 500 more

1 feb 2023

eMAG, the biggest online retailer in Romania, has got long-term funding worth almost EUR70 million from Alpha Bank, which will support the construction of a state-of-the-art logistic center near more

1 feb 2023

Swedish furniture and home décor retailer IKEA has started the recruiting process for the more than 250 employees of the future store of Timisoara, which the company is set to open this summer. more

1 feb 2023

Electroaparataj Targoviste, a marker of electrical equipment and electrotechnical accessories, has announced that during the February 1-28 period it will substantially reduce its activity and suspend more