7 dec 2023

Romania has made impressive strides in its economic performance over the last decades, but the country is still facing a large convergence gap with EU living standards, and wide regional and social more

7 dec 2023

Ogre AI, a startup focused on data science and specializing in providing solutions for the energy sector, based on machine learning (ML) and artificial intelligence (AI), has recently obtained a more

7 dec 2023

Despite agreeing to climate commitments, nearly half (47%) of respondent companies surveyed don’t disclose a transition plan to back these, as per this year’s EY Global Climate Risk Barometer more

7 dec 2023

Safety Broker, the largest insurance broker on the Romanian market, plans to expand locally with the acquisition of Globasig Broker. more

7 dec 2023

Romania's economy grew by 1.4% in real terms (in unadjusted data) and by 2.2% in seasonally adjusted data, year-over-year in the first nine months of 2023, provisional (1) estimates from the country's more

7 dec 2023

As 2023 comes to a close, an increasing number of Romanian candidates are actively seeking remote jobs, either to avoid commuting in the cold season or to secure an additional income, according to more

7 dec 2023

GreenWeee, a home appliance recycling company, part of the Green Group, has completed its third WEEE (i.e. waste electrical and electronic equipment) recycling plant following an investment of RON75 more

7 dec 2023

TMF Group, one of the leaders of the administrative services market, announces the acquisition of Contexpert, a company specialized in accounting, audit, tax and payroll services in Romania. more

6 dec 2023

CIS Gaz, a Romanian company operating in the natural gas industry and held by Sebastian Calugar, has acquired a majority stake in Next Energy Distribution, a distributor of fuel and chemical products more

6 dec 2023

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased 1.8% in unadjusted data and grew by 1.4% when adjusted for seasonality and number of working days, in more

6 dec 2023

Clariant, a Swiss sustainability-focused specialty chemical company, has announced on Dec 6 its decision to shut down its Romanian bioethanol factory in Podari (Dolj County) amid ongoing losses which more

6 dec 2023

Footprints AI, a cutting-edge retail media platform that provides retailers with valuable insights into consumer shopping habits, has partnered up with Danubius, the main supplier of Datecs cash more

6 dec 2023

State-run nuclear power producer Nuclearelectrica (SNN.RO) made a term deposit of 50 million Canadian dollars (equivalent of RON169.5 million) with state-run lender CEC Bank on Dec 5, the company more

6 dec 2023

Romania's labor market has seen 10 million job applications from January 2023 to date, a record number and almost 5% more than in 2022, according to online recruitment platform eJobs. more

6 dec 2023

Romania Data Centers, Crosspoint Real Estate’s most recent market analysis, assesses Romania’s strengths and weaknesses in regards to the country’s potential of becoming an important destination more

6 dec 2023

Romanian packaging manufacturer Electric of Focsani, held by the Buzaianu family, reported a turnover of RON55.1 million (EUR11.2 million) for 2022, up 23.5% from RON44.6 million (EUR9 million) more

6 dec 2023

Rompetrol Rafinare has announced in a stock market report on December 5 the completion of the modernization of two new tanks in the storage park of the Petromidia Navodari refinery, and the investment more

5 dec 2023

Kempinski, Europe's oldest luxury hotel group, will be opening its first hotel in Romania, under the Kempinski brand, based on a partnership concluded with Rock Development Holding, one of the most more

5 dec 2023

Romania's hourly labor costs adjusted to the number of working days increased by 15.15% in the third quarter of 2023 compared to the third quarter of 2022, data from the country's statistics board INS more

5 dec 2023

Nuclearelectrica and Framatome have announced the signing of a cooperation agreement to explore the possibility of producing the medical isotope Lutetium-177 at the Cernavoda nuclear power plant. more

5 dec 2023

Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 2.2% in October 2023 compared to October 2022, data from Romania’s National Statistics more

5 dec 2023

A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated more

4 dec 2023

Spectral Mobila, a furniture manufacturer of Tutova (Vaslui County), has opened 11 new stores in 2023, a record number for the company, thus reaching 34 units across Romania, according to its manager, more

4 dec 2023

Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended the first nine months of 2023 with a turnover of nearly RON820 million (EUR165.6 million), down 3.5% from a more

4 dec 2023

The European Commission has approved EUR33.9 million from the European Union Solidarity Fund (EUSF) to support Romania in addressing the extensive damages caused by droughts and wildfires in 2022. more