2 nov 2023

Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director more

1 nov 2023

Neither the European Commission, nor the Competition Council have received any notifications from Ahold Delhaize or Profi regarding the takeover of the Profi store chain by the Dutch-Belgian Delhaize more

17 oct 2023

Romania’s government will revise the 2023 economic forecast downwards but stick with an over 2% growth, more optimistic than that of international institutions like the World Bank or the more

27 sep 2023

Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one. more

21 sep 2023

Daniel Baluta, mayor of Bucharest’s District 4, together with Giurgiu County Council, have started procedures for the construction of an airport in Bucharest’s south. more

29 iun 2023

US company Lockheed Martin, which produces Black Hawk helicopters and F-16 and F-35 aircraft, together with Aerostar Bacau, will open an MRO center for Black Hawk in Romania, in Bacau. more

28 iun 2023

Cargus, a major courier services company on the Romanian market, has budgeted a 12% revenue increase for 2023. According to its CEO Yannis Mooijman, the company is also readying for expansion to more

15 mai 2023

The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2% for 2023. more

10 mai 2023

Liberty Galati, Romania’s biggest steel producer, has announced a RON40 million investment in duct and pipe production. more

13 mar 2023

Valentin Stefan, general manager of Posta Romana, Romania’s state-owned postal operator, the country’s biggest employer, wants to tap into the local courier services market. 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

30 ian 2023

Romania’s consolidated budget posted RON81 billion deficit in 2022, higher than the RON80 billion of 2021, Finance Ministry data show. more

12 ian 2023

Romania's economy will grow by only 0.5% in 2023, says Wood, the largest brokerage firm in Central and Eastern Europe, in an analysis. However, there may be pleasant surprises, Wood believes. more

27 dec 2022

The consolidated budget revenue growth slowed down in November, the budget execution report of the Finance Ministry shows. more

6 dec 2022

Tulcea-based bakery producer Lidas in early 2022 started an investment in a bakery plant in Tulcea, worth EUR46 million and announced it sought to hire 200 people. Its number of employees rose from more

28 nov 2022

VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget execution more

28 nov 2022

Cluj-Napoca-based software producer Fortech, recently acquired by Japan’s Hitachi, increased its turnover by 60% in 2021 from 2019, ahead of the pandemic. more

24 nov 2022

Celco, a Constanta-based building materials producer, has boosted turnover by around 60% in the past three years, after, in 2019 and 2020, the construction field posted two-digit growth each year. more

10 nov 2022

The European EIT InnoEnergy Group is to become a shareholder of Prime Batteries Technology in Ilfov County, its representatives announced in Brussels on Thursday. more

8 sep 2022

Romania’s economy is likely to growth almost 4.5 times in the next 40 years, said the representatives of the Foreign Investors Council (FIC) at an event organized by the council. The process can be more

25 aug 2022

The revenues of the general consolidated budget stood at RON258 billion in January-July 2022, an increase of 22% on the year-ago period. Expenses stood at RON285 billion, an increase of 16%, a higher more

22 iun 2022

Azomures, the largest natural gas consumer in Romania and the main fertilizer producer, will temporarily suspend production of ammonia due to natural gas prices, the company said in a press release. more

28 apr 2022

Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the 4.3% in more

13 apr 2022

Liberty Galati, formerly Sidex, produced a record amount of steel products in Galati in 2021, company representatives announced. more

1 apr 2022

IFRS means a better, truer and more complete view of financial reporting. But the transition is a complex and resource-intensive process. more