13 mar 2023

Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said. more

13 mar 2023

Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has more

10 mar 2023

The Board of Directors of Banca Transilvania (TLV.RO), the largest lender in Romania, has called shareholders on April 26, when they are to vote on the 2023 spending and revenue budget, as well as on more

10 mar 2023

OTP Bank Romania posted after tax profit of RON34.6 million in 2022, a decline of 40% on 2021, the group report published in Budapest shows. The report presents the consolidated results, in line with more

10 mar 2023

Bulgaria’s Eurohold Group has recently consolidated the financial position of insurer Euroins Romania, which now has a solvency capital requirement (SCR) ratio of 160% and a minimum capital more

10 mar 2023

Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, ended last year with a network of 956 supermarkets and convenience stores, 36 more than it had at the end of 2021. more

10 mar 2023

Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, has received EUR7.53 million in state aid under the HG322/2017 scheme to finance a EUR12.55 more

9 mar 2023

The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a result of the more

9 mar 2023

Lagardère Travel Retail, which is part of French Lagardère group, which operates in travel retail and on-premise sector, is considering bringing Costa Coffee coffee shop brand as a franchise in more

8 mar 2023

ROCA Industry (ROC1.RO), the first Romanian holding company of construction material makers, launched by ROCA Investments, notified Bucharest Stock Exchange investors that it expected RON18.3 million more

8 mar 2023

Romanian paint and coatings maker Köber based in Neamt County (NE Romania), the leader of its market, will inaugurate a research and development center near its plant in Dumbrava Rosie, Neamt. The more

7 mar 2023

Technology company Qualitance ended 2022 with EUR17.5 million revenue, an increase of about 35% on 2021, higher than expected. more

7 mar 2023

Discount retailer Penny Romania has received a EUR160 milion cash infusion from its parent company in Germany, which it will use to speed up development, ZF has found. more

7 mar 2023

Dunca Expeditii, one of the largest freight carriers in Romania, ended last year with RON210 million revenue, an increase of about 9%, ZF has calculated, and expects the revenue to be flat this year. more

7 mar 2023

Siemens Energy and independent power producer Mass Global Energy Rom S.R.L. have signed an agreement, which will see the former supply the HL-class gas turbine for the Mintia combined-cycle power more

6 mar 2023

European investment advisory firm ACP is in talks to buy Telekom Romania Mobile, and the deal is up to the approval of the relevant authorities in Bucharest, financial market sources say. more

6 mar 2023

The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the new owner more

6 mar 2023

BNP Paribas Personal Finance announces the start of the steps to cease operations of its consumer finance unit, Cetelem, in Romania, after having failed to find a partner to continue in the country. more

6 mar 2023

Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nicolae more

3 mar 2023

Telekom Romania Mobile, a mobile phone operator with more than 4 million customers, which is held by Germany’s Deutsche Telekom and Greece’s OTE, made an unexpected move by bringing back its more

3 mar 2023

The insurance market in Romania could reach an all-time high of more than RON16 billion in 2023, supported by the increase in the value of policies, but also by the growing interest of Romanians in more

3 mar 2023

Israel's Elbit Systems will deliver $120 million worth of turrets, weapon stations and mortar systems to the Romanian Military, the company announced on Friday. more

3 mar 2023

Law firm Wolf Theiss assisted Belgium-held real estate developer Speedwell in securing a EUR24.3 million and RON17.6 million green loan from BRD-Groupe Société Générale to build two residential more

3 mar 2023

Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the current value in more

2 mar 2023

Francois Coste, the chief executive officer of Groupama Asigurari, which became the insurance market leader in Romania shortly after former leader City Insurance went bankrupt, has received approval more