27 nov 2023

Investors, either retail or institutional, have put in orders with their brokers to sell about RON300 million worth of Fondul Proprietatea (FP.RO) shares so far during a buyback offer, which has the more

27 nov 2023

Banca Transilvania (TLV.RO), the largest lender in Romania, got the “investment grade” rating from Moody’s, the bank said in a press release. more

22 nov 2023

Smartphone sales in Romania will reach almost EUR1.5 billion at the end of 2023, an increase of some 8% on 2022, while the volume will continue to shrink, with the decline estimated at some 6% for the more

22 nov 2023

The significant rise in banks’ revenue along with the rise in interest rates and continued lending helped Romania’s banking system make a record net profit of more than RON10 billion (EUR2 more

22 nov 2023

Industrial bakery business Boromir expects to end 2023 with EUR160 million revenue. However, it seeks fast-paced growth in the future, to reach the EUR500 million revenue mark. more

22 nov 2023

Entrepreneur Adrian Tomsa, who leads a group of investors negotiating the takeover of mobile telephony operator Telekom Romania Mobile from Greece’s OTE and Germany’s Deutsche Telekom, says that more

22 nov 2023

Romania’s tractor and combine market, which shows the prosperity of the agricultural sector, saw a 23% decline in the sales of tractors and 17% decline in the sales of combines in the first ten more

21 nov 2023

Dacia generates profit and revenue for Renault Group and it is even more important now that Renault and Nissan renegotiated their partnership within the Alliance. more

21 nov 2023

Telekom Romania Mobile, part of Greece’s OTE Group, on Tuesday morning surprisingly confirmed that it was in talks to sell to local entrepreneur Adrian Tomsa, owner of Clever Media Network (CMN). more

20 nov 2023

Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON536.8 million (EUR108.8 million) in 2022, up more than 38% from the previous year’s RON388.6 million (EUR79 more

20 nov 2023

German-held Hengst Filtration has bought the former International Automotive Components (IAC) factory in Bals to manufacture air filters. more

20 nov 2023

Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading renewable energy business in the country, posted RON212.8 more

20 nov 2023

Shipbuilder Santierul Naval Constanta (SNC.RO) notified the Bucharest Stock Exchange on Monday about a notification received from Resource International SA, which bought 1.3 million shares in it for more

20 nov 2023

Electrica (EL.RO), an electricity supply, distribution and generation company, plans to build in partnership with Electrocentrale Grup a state-of-the-art combined cycle plant powered by natural gas more

20 nov 2023

UK’s M&G Investments based in London (Municipal & General Securities Company) became a Hidroelectrica (H2O.RO) shareholder as a result of the initial public offering of the electricity generation more

17 nov 2023

Nuclear power producer Nuclearelectrica (SNN.RO) has notified shareholders that on November 16, 2023, it bought some EUR45 million of CEC Bank bonds. The annual yield is 7.75%, it said in a report to more

17 nov 2023

IKEA Romania, one of the largest furniture and home decor retailers in the market, posted 14.1% growth in sales to more than RON1.2 billion in the fiscal 2023, after having sold more than 22 million more

16 nov 2023

Romanian manufacturer of polystyrene and dry mortar VeroTherm intends to inaugurate its first logistics center outside the country, in the United Kingdom, aiming to expand the company's operations more

16 nov 2023

CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior non-preferred MREL Eligible Notes issue from February 2023. more

16 nov 2023

Industrial and logistics projects accounting for about 555,000 square meters are currently under construction in Romania and due to be delivered by the end of 2024, 60% or 315,000 square meters of more

16 nov 2023

Construction material holding company Roca Industry (ROC1.RO), launched by Roca Investments, posted RON439.2 million revenue for its companies in the first nine months of the year, an increase of 7.9% more

16 nov 2023

IAR Brasov (IARV.RO), which makes and repairs spare parts for helicopters, posted RON360 million revenue in the first nine months of 2023, up from the RON226 million in the year-ago period. Net profit more

16 nov 2023

Construction material manufacturer Cemacon (CEON.RO) posted RON130.07 million net revenue in the first nine months, 27% lower than on September 30, 2022. more

16 nov 2023

Idea Bank, which Banca Transilvania acquired two years ago, will change its name to Salt Bank and will become the first 100% digital bank made in Romania. more

16 nov 2023

Precast concrete product manufacturer ASA CONS based in Turda ended the first nine months of this year with EUR28.3 million revenue, up 12% compared with the same period last year, the company said. more