03.25.2024

Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, has budgeted two-digit increases for its main more

03.25.2024

Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its income and expenses budget. more

02.14.2024

Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment growth will remain solid, in line with an analysis by more

01.29.2024

Romanian state-owned oil transporter Conpet Ploiesti included in its 2024 revenues/expenses budget the sum of RON588.7 million for revenues, namely a 7.6% increase based on the 2023 estimated result. more

01.25.2024

Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66 billion, 41.7% lower, in line with the revenues and more

01.08.2024

Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interior design, construction and flooring Egger, has budgeted EUR25 million investments for this year to upgrade more

10.26.2023

Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billion (2.96% more

09.29.2023

Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion (2.34% more

08.16.2023

Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as per data more

07.31.2023

Representatives of the Foreign Investors Council (FIC), an association that brings together the leading foreign-held investors in Romania, support the strategic, medium- and long-term approach to key more

07.26.2023

Romania’s general consolidated budget posted a deficit of RON37 billion in January-June 2023, or 2.3% of gross domestic product (GDP), higher by almost RON14 billion than the level recorded in the more

07.14.2023

The American Chamber of Commerce in Romania (AmCham Romania) calls on decision-makers to pursue transparency and a long-term vision in defining the measures to reduce the budget deficit. more

06.28.2023

Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared to a budget gap of RON21 billion in the same period more

05.24.2023

Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022. more

05.19.2023

Danube freight transporter Transport Trade Services (TTS.RO) has summoned its shareholders for June 19 to vote on acquiring 99.9% of the share capital of port operator Decirom for a price of EUR21.8 more

05.08.2023

Computer and electronics retailer Altex, the leader of the local market, has budgeted EUR30 million investments for this year, which will go mostly to buying land and building stores. The amount does more

04.28.2023

Romania’s general consolidated budget posted a deficit of RON22.75 billion in January-March 2023, or 1.42% of gross domestic product (GDP), the finance ministry said on Friday (April 28). more

04.27.2023

Natural gas producer and supplier Romgaz, in which the Romanian state owns 70%, for 2022 reported payments to the budget worth RON7.7 billion, from RON1.5 billion in 2021. more

04.18.2023

Connections Consult, a group of companies specialized in providing software solutions and IT services, has budgeted for 2023 RON5.6 million net profit, up 30.2% from 2022, RON82 million total more

04.18.2023

For 2023, Rompetrol Rafinare, a company part of KMG International and owner of Petromidia Navodari and Vega Ploiesti refineries, has budgeted $102.45 million net profit, up 13.46% from 2022. more

04.11.2023

Rompetrol Well Services, the oil services arm of Rompetrol, aims for RON8.8 million net profit in 2023, 238.5% higher than last year’s RON2.6 million level, in line with the revenues/expenses budget more

04.04.2023

Ropharma pharmacy chain, indirectly controlled by businessman Mihai Miron, has budgeted turnover worth above RON597 million in 2023, up 7% on the year. more

04.03.2023

Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, with two industrial platforms in Onesti and Ramnicu Valcea, eyes RON2.16 billion turnover in 2023, more

03.29.2023

Arobs Transilvania Software, the biggest technology company listed on the Bucharest Stock Exchange, envisages RON421.25 million net turnover, up 40% from 2022, in line with ZF calculations based on more

03.29.2023

MedLife group, the biggest private healthcare provider in Romania, has budgeted RON2.1 billion turnover in 2023, up 18% from 2022. more