30 aug 2024

IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded a net profit of RON20.2 million in the first half of 2024, 55.5% below the level in the year-ago period. more

30 aug 2024

Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’ Lockheed Martin. According to official information, more

29 aug 2024

Local company TOP TECH, a business solutions integrator, posted a loss of more than RON1.6 million (EUR334,000) at the end of 2023, from a profit of RON573,644 (more than EUR115,000) in 2022, Finance more

29 aug 2024

Aquila Part Prod Com (AQ.RO), an entrepreneurial fast-moving distribution and logistics company, on Thursday evening notified the Bucharest Stock Exchange that the privately managed pension fund more

29 aug 2024

The board of directors of franchise operator Sphera Franchise Group (SFG.RO) has called shareholders for an ordinary general meeting on October 7 to vote on the distribution of a special dividend of more

29 aug 2024

E.ON Energie Romania has installed more than 3,500 photovoltaic systems at residential customers in the first eight months of 2024, eight times more than in the year-ago period. more

29 aug 2024

Park Properties, the developer of SunLake Residence, located on the shores of Lake Fundeni in Bucharest has successfully finalized the sale of all apartments in the first two 12-story buildings of the more

28 aug 2024

Timisoara-based lighting fixture and system manufacture Elba, a supplier of automotive lights for such groups as Dacia-Renault and Skoda, posted RON301.9 million (EUR61 million) revenue in 2023, an more

28 aug 2024

Systematic Development Center, a private IT company based in Denmark that develops software and solutions for various customers, including for NATO militaries, intelligence services and the healthcare more

28 aug 2024

The board of directors of chemical producer and supplier Chimcomplex Borzesti (CRC.RO) has called shareholders for September 30 to vote among others on the extension of a EUR40 million loan facility. more

28 aug 2024

Allianz-Tiriac Asigurari ended the first half of 2024 with gross written premiums of more than RON1.8 billion, 7.1% higher than in the year-ago period. Life insurance saw the fastest growth pace in more

27 aug 2024

Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange, posted RON31 million losses in the first half of more

27 aug 2024

IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it already has two, says Jesper Brodin, CEO of Ingka more

27 aug 2024

Miele Tehnica Brasov, the subsidiary of Germany’s Miele Group, has leased a 2,000 square meter shed from VGP Brasov to expand its manufacturing area and will use the space to assemble drives and more

27 aug 2024

Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in Bucharest. This is its largest store in the country. more

27 aug 2024

Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision to drop the implementation of the investment project more

27 aug 2024

Premier Energy (PE.RO), a producer, distributor and supplier of electricity and distributor and supplier of natural gas, has increased its stake in subsidiary True Energy Management SRL from 60% to more

27 aug 2024

Clifford Chance Badea advised Nofar Energy, one of the most dynamic renewable energy investors in Romania, in the signing of the agreement for the acquisition of 100% in Aviv Renewable Investment, the more

26 aug 2024

Carrion Expedition, the Spanish-owned freight forwarding company based in Cluj-Napoca, posted RON97.2 million (EUR19.6 million) revenue in 2023, down 64.4% from the previous year’s RON273.1 million more

26 aug 2024

Chemical producer and supplier Chimcomp0lex Borzesti (CRC.RO), which owns two industrial sites in Onesti and Ramnicu Valcea and is one of the largest entrepreneurial businesses in Romania, has more

26 aug 2024

Coca-Cola HBC Romania has appointed Cornel Caramizaru general manager, replacing Jovan Radosavljevic, who has supervised the Romanian operations in the last six years. more

26 aug 2024

Technology company 2Performant Network (2P.RO), the largest actor on the affiliate marketing market in Romania, posted RON27.9 million operating revenue in the first half of 2024, 18% more than in the more

26 aug 2024

Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital infrastructure of the business, in order to streamline the more

26 aug 2024

Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several billion euros Romanian consumers spend on apparel, more

23 aug 2024

UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the year-ago period, while operating income reached more