ZF

Furniture Maker Aramis Invest Close RON2B Revenue In 2024

Tue, 01 Jul 2025 20:48:38 GMT

Aramis Invest, the largest furniture manufacturer in Romania, posted RON1.948 billion (EUR391.5 million) revenue in 2024, a slight increase of 1.3% on the previous year’s RON1.922 billion (EUR388.7 million), according to ZF calculations based on Finance Ministry data.

Romania’s Top Five Winemakers Post RON1.3B Revenue In 2024

Tue, 01 Jul 2025 20:25:39 GMT

The five largest winemakers in Romania posted more than RON1.3 billion revenue together in 2024, up 5.3% from the previous year. The cumulative net profit increased by RON9 million, from RON180.6 million in 2023 to RON189.6 million in 2024, according to ZF calculations based on data provided by companies and the Finance Ministry. They have 1,500 employees.

Orange Expands 5G/5G+ Technology To Seven New Cities And 100% Of Iasi

Tue, 01 Jul 2025 18:13:35 GMT

Orange Romania has recently launched 5G/5G+ in seven new cities – Mioveni, Odorheiu Secuiesc, Sighetu Marmatiei, Bistrita, Alba Iulia, Sfantu Gheorghe, Sebes, the company said in a statement. It also extended 5G/5G+ coverage in the city of Iasi to 100%.

New Car Registrations Down 50% In Romania In June 2025

Tue, 01 Jul 2025 14:56:52 GMT

New car registrations stood at 10,522 in Romania in June, 50.1% fewer than in the year-ago month, data from the Automotive Manufacturers and Importers Association (APIA) using figures supplied by the police (DGPCI), show.

Romania Forex Reserves Grow To EUR58.2B In June 2025

Tue, 01 Jul 2025 14:19:18 GMT

Romania's foreign exchange reserves stood at EUR58.2 billion at the end of June 2025, higher by EUR2.6 billion than the EUR55.6 billion level reported on May 31, 2025, Romania’s central bank announced on Tuesday (July 1, 2025).

Eurowind Energy Expands Its Renewable Footprint In Romania With Three New Wind Parks

Tue, 01 Jul 2025 12:31:00 GMT

Eurowind Energy A/S, a leading Danish renewable energy developer and operator, is expanding its renewable footprint in Romania with the development of three new wind projects in Romania, two in Galati County and one in Constanta County.

OMRO Lists New Bond Issue Worth RON12.3M On Multilateral Trading System Of Bucharest Stock Exchange

Tue, 01 Jul 2025 11:19:21 GMT

OMRO, the lending arm of fintech Filbo, together with Filbo Pay and Easybill, on July 1, 2025 listed its fourth issue of corporate, unsecured, and subordinated bonds on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange.

Statistical Office: Romania's Construction Permits For Residential Buildings Up 0.6% YoY In January-May 2025

Tue, 01 Jul 2025 10:59:43 GMT

Romanian authorities issued 14,134 residential building permits in January-May 2025, 0.6% more than in the same period of 2024, data from the country’s statistical office INS showed on Tuesday (July 1, 2025).

Social Progress Index on Quality of Life & Social Wellbeing: Romania Climbs To 45th Position in Global Ranking

Tue, 01 Jul 2025 08:58:33 GMT

Two in three people in the world live in countries where life quality and social wellbeing stalled or even deteriorated in 2024, a chapter where Romania slightly improved its score, ranking 45th in the world, below the rest of EU states, but above countries such as Serbia (48), UAE (49) or Qatar (50), shows the latest edition of the Social Progress Index, compiled among 170 states of the world by non-profit organization Social Progress Imperative, with the support of Deloitte.

PetStar Gets EUR50M from UniCredit To Repurchase Minority Stake from AMC Capital and Expand Business

Tue, 01 Jul 2025 08:27:11 GMT

PetStar group, the main player on the local PET bottle recycling and PET preform production, has signed a credit facility totally worth EUR50 million with UniCredit Bank.

Law Firm Filip & Company Assisted Banca Transilvania With Issue of First Sustainable Bonds in RON

Tue, 01 Jul 2025 08:13:26 GMT

Law firm Filip & Company assisted Banca Transilvania with its first issue of RON-denominated sustainable bonds, worth RON1.5 billion.

US Payscale Opens Bucharest Tech Hub Centered on AI Development

Tue, 01 Jul 2025 07:17:13 GMT

US-based Payscale, a provider of compensation intelligence solutions for organizations wanting to scale their business via pay, has opened a tech hub in Bucharest that will focus on AI research and development.

Poultry Producer Safir Invests EUR32M in Protein Flour Plant

Tue, 01 Jul 2025 07:04:30 GMT

Safir, a business owned by Safir family of Vaslui, is set to invest EUR32 million in a protein flour plant that will become operational in January 2026.

Coca-Cola HBC Romania Business Grows Fourfold in 20 Years

Tue, 01 Jul 2025 06:47:21 GMT

Coca-Cola HBC Romania is the biggest player on Romania soft drinks market, a position it has retained for around two decades, a period during which the company made several restructuring moves, but continued to grow its business.

Hochland Set to Kick Off Biggest Investment of Past 15 Years in Sighisoara Processed Cheese Plant

Tue, 01 Jul 2025 06:38:23 GMT

Hochland Romania, the third largest player on Romania dairy market, is to start in 2025 the largest investment of the past 15 years in the processed cheese plant of Sighisoara, Mures county.

Old 3-Room Bucharest Apartment Prices Up 16.8% in June 2025 YOY

Tue, 01 Jul 2025 06:30:26 GMT

The prices of Bucharest old apartments continue to climb, in the context where new unit supply is ever thinner and buyers shift to the secondary market.

Shipbuilder Santierul Naval Severnav Signs EUR33M Worth of Ship Delivery Contracts for 2025-2026

Tue, 01 Jul 2025 06:21:42 GMT

Since last summer until present, shipbuilder Santierul Naval Severnav Drobeta-Turnu Severin has signed eight commercial contracts for the building of some ship hulls, worth EUR33.17 million, in line with ZF calculations based on data included in reports published at the Bucharest Stock Exchange.

Farm Input Distributor And Seed Processor Bayer Sees Lowest Profit In Romania In Five Years In 2024

Mon, 30 Jun 2025 21:00:33 GMT

Bayer, a German distributor of farm inputs and seed processor in Romania, in 2024 posted the lowest net profit in the last five years in Romania, RON29 million, according to ZF calculations based on Finance Ministry data.

TRW Automotive Safety Systems revenue shrinks 10.5% to RON1.535B in 2024

Mon, 30 Jun 2025 20:38:39 GMT

Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, posted RON1.535 billion (EUR308.6 million) revenue in 2024, down 10.5% from the previous year’s RON1.716 billion (approximately EUR348.6 million), according to ZF’s calculations based on Finance Ministry data.

Huf Romania Revenue Up 11.2% To RON760.3M In 2024

Mon, 30 Jun 2025 20:09:08 GMT

Huf Romania, a manufacturer of locking systems for cars, which is part of the Germany’s Huf Group, posted RON760.3 million (EUR152.8 million) revenue in 2024, up 11.2% from the previous year’s RON683.4 million (EUR138.2 million), according to ZF calculations based on Finance Ministry data.