7 sep 2016

BRD Sogelease, the leasing subsidiary of Romanian lender BRD - Groupe Societe Generale, granted financing of EUR73.6 million in the first six months of 2016, double versus the year-earlier period. more

6 sep 2016

Local banks expect the mortgage loan and consumer loan demand on the population segment to drop in the third quarter of 2016 compared with the previous quarters, according to a survey conducted by more

6 sep 2016

Spain’s Inditex, which has eight brands in Romania, among which Zara, will open its first Zara Home store outside Bucharest on September 8, in City Park shopping mall in Constanta. more

6 sep 2016

Bramac Romania has signed a framework agreement for the acquisition of the concrete roof tile plant of Elpreco, based in Craiova, for approximately RON33 million (EUR8 million). more

6 sep 2016

Private equity fund 3TS Catalyst will invest EUR0.7 million in Romanian online recruitment platform Smartdreamers for expansion in Romania, Hungary and other regional markets, according to Marius more

5 sep 2016

Romanian brick maker Cemacon Cluj (CEON.RO) approved the contracting of a loan worth maximum RON60 million, of which RON55 million for refinancing and RON5 million for working capital, the company more

5 sep 2016

Low cost airline Wizz Air will start operating a new flight from Satu Mare (north-western Romania) to London- Luton airport (UK), twice a week, on Mondays and Fridays, starting with October 31. more

5 sep 2016

The European Bank for Reconstruction and Development (EBRD) is providing a EUR25 million loan to Universal Alloy Corporation Europe (UACE), a producer of aluminum components for the aerospace industry more

5 sep 2016

The Romanian agriculture sector was highly affected by insolvency in the first six months of 2016, as the number of companies with major impact on economy that went insolvent rose 34-fold from the more

5 sep 2016

Lender EximBank signed a RON46.5 million financial agreement with Galati-based Prutul SA, a top player on the local market of vegetable oil producers and in agribusiness sector. more

26 aug 2016

U.S. carmaker Ford will invest a minimum additional sum of EUR130 million from own sources at its Romanian unit Automobile Craiova by the end of 2019, the Romanian Finance Ministry said in a statement more

25 aug 2016

Romania's general consolidated budget posted a deficit of RON1.74 billion in January-July, or 0.2% of the gross domestic product, finance ministry data showed Thursday. more

25 aug 2016

Romania's largest oil and gas company OMV Petrom (SNP.RO), majority owned by Austria's OMV, has announced the continuation of the production enhancement contract in Ticleni area, Gorj county, with a more

25 aug 2016

Local oil and natural gas producers reported lower revenues and profitability, failing to take advantage of the opportunities on the international markets, according to a report by brokerage house more

24 aug 2016

The Romanian leasing market rose 21% on the year in 2015, a double growth compared with the European leasing market evolution, mainly supported by the commercial vehicles segment, according to a more

24 aug 2016

Over 1,400 vacant jobs are available in the European Economic Area through EURES Romania (European Employment Services), most of them in Spain, Germany and Great Britain, according to the country’s more

24 aug 2016

Private medical service provider Regina Maria opened its first Medical Campus, in the central Romanian city of Targu Mures, following EUR1.7 million investments, the company said in a statement more

23 aug 2016

Premiums underwritten on the segment of mandatory car insurance policies (RCA) rose 33% on the year to over RON2 billion in the first six months of 2016, according to Romania’s Financial Supervisory more

23 aug 2016

German retailer Peek & Cloppenburg has leased an area of 4000 square meters in Timisoara Shopping City project owned by NEPI in western Romania. more

23 aug 2016

EximBank won the auction organized by Romania's state-owned postal operator Posta Romana and will grant the postal operator a loan worth RON60 million for financing working capital. more

23 aug 2016

Romanian debt collection market is estimated to grow by minimum 8% in 2016, to EUR2.7 billion, given the general market trend and the value of the portfolios to be put up for sale, according to more

23 aug 2016

Garanti Bank reported net losses of RON23 million in the first half of the year, versus RON50 million profit in the year-earlier period due to the absorbing of prudential requirements related to more

23 aug 2016

The Romanian seafood market reached EUR35 million in 2015 and could grow by 5% this year, as Romanians became interested in such products, preferring shrimps, mussels, calamari and octopus, according more

22 aug 2016

Romanian producer of teas and medicinal plant-based products Fares Orastie has an annual production of 20 million teas and medicinal plant-based products, as it invested approximately EUR2.5 million more

22 aug 2016

Portuguese accessories brand Parfois opened a store in Iulius Mall shopping center in Timisoara, the first store of the brand in western Romania. more