18 iul 2024

Grand Plaza Hotel, which manages the five-star Sheraton Hotel in Bucharest, ended last year with RON52.8 million revenue, an increase of 21% on the previous year and RON1 million net profit, Finance more

17 iul 2024

OMV Petrom (SNP.RO), along with Austria’s OMV and Netherlands-based investment company ACB Participaties have become shareholders in EIT InnoEnergy, a European company that is an innovation engine more

17 iul 2024

Rompetrol Rafinare (RRC.RO), a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the Petromidia refinery, following an almost $13 more

17 iul 2024

Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round, with EUR1 million available on the all-in-one equity more

17 iul 2024

ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as developing and manufacturing a range of solutions for the more

17 iul 2024

Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transilvania. more

16 iul 2024

Danone Romania has appointed Oana Beja country topline unit leader, starting June, a position from which she will supervise the commercial operations of the company. more

16 iul 2024

Paver manufacturer Symmetrica (Suceava County) posted more than RON150 million (some EUR30 million) revenue in the first half, an increase of 40% compared with the first half of 2023, as a result of more

16 iul 2024

Private medical service network MedLife continues expansion of its mental health center chain MindCare with a new such facility in Craiova, after those in Bucharest and Constanta. more

16 iul 2024

Dutch discount non-food retailer Action is getting ready to enter Romania, ZF sources say. The group has already begun recruiting for management positions to build a core team first. more

15 iul 2024

The European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania and one of the longest-standing Banca Transilvania shareholders, has made a minority equity more

15 iul 2024

State-run electricity producer Hidroelectrica (H2O.RO) chief investment officer Bogdan Badea sold 1,032 Hidroelectrica shares for RON128.8, the company said in a report to the Bucharest Stock Exchange more

15 iul 2024

Administrative and compliance service provider TMF Group has signed a lease for 1,700 square meters of office space in America House, the office building whose owners include Morgan Stanley, along more

15 iul 2024

Electrica (EL.RO), a company in which the Romanian government is the largest shareholder with 48.8%, on Monday notified the Bucharest Stock Exchange of having completed the acquisition of New Trend more

15 iul 2024

Cartofisserie, a Romanian-held fast-food restaurant chain established by the founders of the Delaco dairy brand, ended 2023 with RON100 million sales, an increase of 50% on the previous year, Finance more

15 iul 2024

Traian Baicu was nominated for the position of chief executive officer of Credex Bank, formerly Porsche Bank, which businessman Dan Ostahie bought, while Misu Negritoiu should serve as the chairman of more

15 iul 2024

Businessman Nicolae Bucovala, who owns Steaua de Mare hotel complex in Eforie Nord, Tomis Hotel in Mamaia and Oltenia Hotel in Olimp, says the investments made in refurbishment and services attract more

15 iul 2024

Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6 million), in 2023 compared with 2022., Finance more

15 iul 2024

Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP from 48.8% of the GDP at the end of 2023, above the more

12 iul 2024

Sphera Franchise Group (SFG.RO), the operator of franchised KFC, Pizza Hut and Taco Bell restaurant chains in Romania and of the KFC restaurants in Chisinau, Republic of Moldova and Italy, on Friday more

12 iul 2024

Romania’s exports could overshoot the EUR100 billion mark this year, with Germany, Italy, Poland, Slovakia, Czech Republic and Hungary being the main destinations for Romanian products, shows an more

12 iul 2024

Law firm Filip & Company advised AROBS Transilvania Software, the largest technology company listed on the Bucharest Stock Exchange, in the share capital increase operation in which it raised EUR28.7 more

11 iul 2024

Computer and electronics retailer Altex and furniture manufacturer and retailer Mobexpert are teaming up for a EUR16 million to EUR17 million project to be developed in the Pallady area in the east of more

11 iul 2024

The year 2023 came with a number of changes in the dairy industry. Danone reached the RON1 billion mark for the first time, something Albalact had done the year before, but the growth rate of more

11 iul 2024

Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, has signed letters of intent to enter final negotiations with two international hotel chains to affiliate three of its more