24 aug 2023

Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24). more

24 aug 2023

Orange, leader of Romania’s telecom market, has announced it reached an agreement regarding the transfer of Orange Money retail business of Romania to Alpha Bank Romania. more

24 aug 2023

Winemaker Purcari in the first half of this year registered RON161.4 million revenues, up 30% from the year-earlier period, while net profit rose by 22% to RON25.5 million. more

23 aug 2023

Natalie Thompson (32), currently Head of Marketing and Communications at MBGD in Dubai, will take over as CEO of Mercedes-Benz Romania from the fourth quarter of 2023. more

23 aug 2023

Romania ranks third among European countries with cheapest housing, after Bosnia and Herzegovina and Greece, as the average price of a new home is EUR1,417/square meter, up from EUR1,266/square meter more

22 aug 2023

Romanian-held growth equity fund Agista, which is in the process of being licensed by Romania’s Financial Supervisory Authority has signed a contract to buy a minority stake in medical clinic more

22 aug 2023

Museum of Immersive New Art (MINA), an innovative initiative presented by George.BCR and conceived by One Night Gallery and Le Petit, is set to open starting August 25 in Bucharest and become the more

22 aug 2023

Publicis Groupe, a marketing, communications and digital transformation group, present for over 25 years on the Romanian market, is launching a new communications and PR agency, Publicis Relations, more

22 aug 2023

SafeTech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has reported turnover worth RON13.5 million in the first more

21 aug 2023

Romania's Finance Ministry raised RON674 million from banks on Monday (August 21), selling government paper with a nominal value of RON500 million due in October 2028, at an annual average yield of more

21 aug 2023

The Bucharest hotel market remains attractive for hotel operators to expand their networks in Central and Eastern Europe (CEE). Bucharest is the 5th most attractive market out of 20 cities in CEE in more

21 aug 2023

The number of job vacancies in Romania dropped by 7,708 in the second quarter of 2023 against the previous quarter, to 39,371, while the job vacancy rate stood at 0.77%, down 0.16% from the first more

21 aug 2023

Bucur Obor, the company managing the Bucharest shopping center of the same name, reported RON7.57 million net profit for the first six months of 2023, up 4.81% from the year-earlier period. more

18 aug 2023

Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022. more

17 aug 2023

The European Bank for Reconstruction and Development (EBRD) is lending EUR15 million to the municipality of Alba Iulia in Romania to co-fund together with the European Union the rehabilitation of the more

17 aug 2023

Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, for the first half of 2023 reported RON8.54 more

14 aug 2023

Antibiotice Iasi (ATB.RO), the most important Romanian producer of generic drugs, recorded sales of RON315.9 million in the first half of 2023, a 27% increase compared with the first half of 2022, more

14 aug 2023

Romania's current account balance posted a deficit of EUR9.82 billion in January-June 2023, lower than the EUR11.9 billion in the same period of 2022, central bank data showed on Monday (August 14, more

14 aug 2023

Telecommunications operator Digi Communications (DIGI.RO) posted total revenue of EUR809.3 million in the first half of 2023, an increase of 12.9% on the corresponding period of 2022, while the profit more

8 aug 2023

International law firm CMS advised HelleniQ Energy Holdings, one of the leading energy groups in South-East Europe with operations across the entire energy value chain, on the acquisition of four more

7 aug 2023

Law firm Clifford Chance Badea assisted Enel Green Power Romania in implementing and completing the acquisition of a 63 MW photovoltaic park built in Calugareni, Giurgiu County, from Greece’s more

4 aug 2023

Dutch group Damen Shipyards, which in mid-2018 entered the shareholding structure of Damen Mangalia shipyard, is calling for the termination of the legal contract related to the functioning of the more

4 aug 2023

Doicesti-Sotanga photovoltaic park, with a 80 MW installed power, has become operational. The investment is part of Doicesti energy project that will include the first SMR in Europe, the second one in more

3 aug 2023

BRD-SocGen, the third largest bank locally by assets, in the first half of this year posted net profit worth RON768 million at group level, up 24.4% from the year-earlier period, while revenues rose more

26 iul 2023

Financial analysts part of CFA Romania association forecast an average inflation rate of 8.21% in the next 12 months, up from 7.73% rate forecast in May, amid the high budgetary gap and tax hike more