20 nov 2024

Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher than the USD134 million level recorded in the same more

20 nov 2024

Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution systems in the towns of Galati, Oradea and Targu-Mures. more

20 nov 2024

The overall costs of the global energy transition, estimated at USD200 trillion by 2050, could be reduced by almost 25 percent using de-risking instruments, thus facilitating new methods of financing more

20 nov 2024

The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number of working days and seasonality, data from more

19 nov 2024

Insulating panel maker Isopan ESt, with a plant in Popesti-Leordeni, ended 2023 with a turnover of RON469.9 million (EUR95 million), down nearly 15% from RON552.7 million (EUR112 million) reported in more

19 nov 2024

Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR to 'F3' from 'B'. The Outlook on the Long-Term IDR is more

19 nov 2024

The number of job vacancies in Romania reached 39.9 thousand in the third quarter of 2024, marking an increase of 5.4 thousand compared to the previous quarter, data from the country’s statistics more

19 nov 2024

Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) is listing its first corporate bonds worth EUR500 million, at the Bucharest Stock Exchange (BVB) on Nov 19. more

18 nov 2024

Chemical fertilizer wholesaler Solarex Impex, held by entrepreneurs Maria Luciana Turna, Leonard Mugurel Stoica and Maria Stoica, ended 2023 with a turnover of RON235.9 million (EUR47.7 million), down more

18 nov 2024

Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, on Nov 15 opened a new store, in Dambovita Mall Targoviste, reaching a total of 55 units in Romania. more

18 nov 2024

Romania's finance ministry on Monday (Nov 18) rejected all bids for government bonds maturing in May 2027, as it deemed the bid price unacceptable, central bank data showed. more

18 nov 2024

Wallberg Properties, the real estate developer controlled by entrepreneur Valentin Morar, has obtained EUR5.9 million financing from lender Banca Transilvania for the construction of the fourth more

18 nov 2024

71% of managers in Romania are moderately or highly concerned about Romania's economy in the coming period, as per the latest CONFIDEX study about the confidence of the business environment in the more

14 nov 2024

Automotive component maker Altur Slatina (stock symbol: ALT) reported net profit of RON1.33 million for the first nine months of 2024, down 80.5% from a net gain of RON6.8 million recorded in the same more

14 nov 2024

Turbomecanica (stock symbol: TBM), a local manufacturer of gas turbine engines and mechanical assemblies for aircrafts, ended the first nine months of 2024 with revenue of RON105 million, from RON80.4 more

14 nov 2024

Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first nine months of 2024 with net profit of RON73.25 million, at an individual level, up 4.7% from the same period of 2023, as more

14 nov 2024

National oil transporter by rail Conpet Ploiesti (stock symbol: COTE) reported a turnover of RON401.8 million for January-September 2024 period, up 10% from the level reported in the same period of more

14 nov 2024

Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) ended the first nine months of 2024 with a net profit of RON144.2 million, at a consolidated level, 273% higher than more

14 nov 2024

Romania's Finance Ministry raised RON500 million from banks on Thursday (Nov 14, 2024) selling benchmark bonds, at an annual average yield of 6.88%. more

14 nov 2024

Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) will be listing at the Bucharest Stock Exchange, on Nov 19, the company's first bond issue ever, in the amount of EUR500 million. more

14 nov 2024

Erste Group, the owner of Banca Comerciala Romana (BCR), said in a report released on Thursday (Nov 14) that it had lowered its full-year economic growth forecast for Romania to 0.8%, down from its more

14 nov 2024

Mihai Ionescu, former CEO of Deutche Bank Romania, was recruited by KingsRock Advisors, a global independent financial advisory firm headquartered in New York, to coordinate the company's Eastern more

14 nov 2024

The demand for logistics and industrial spaces reached 575,000 square meters in the first nine months of 2024, which is lower by 20% compared with the same period of 2023, according to real estate more

14 nov 2024

Low-cost carrier Wizz Air has announced on Nov 14 the expansion of its Bucharest base with the addition of an Airbus A321neo aircraft in the summer of 2025, bringing the total to 19 aircrafts. more

14 nov 2024

Romania's economy increased by 1.1%, in unadjusted data, in the third quarter of 2024 compared to the same period of 2023, but remained unchanged in real terms versus the second quarter of 2024, flash more