11.05.2024

Distribution company Delgaz Grid, part of the E.ON group in Romania, on Nov 5 started modernization works at the Iasi Sud transformer station, a project worth a total of over RON73.3 million, of which more

11.05.2024

Law firm Clifford Chance Badea has assisted Alpha Bank Group and Alpha Bank Romania S.A. with regard to all the aspects of Romanian law for the sale of 90.1% in Alpha Bank Romania S.A. to UniCredit more

11.04.2024

PwC Romania has announced Ruxandra Tarlescu took over the leadership of PwC Romania’s Tax and Legal Department from Daniel Anghel, starting November 1, 2024. more

10.31.2024

One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for more

10.31.2024

Julius Meinl Romania, a major player on the premium coffee market, in 2023 registered turnover worth RON92.1 million (EUR92.1 million), up 21.4% from 2022, in line with ZF calculations based on more

10.30.2024

Polystyrene producer Austrotherm Romania, the local subsidiary of the Austrian group of the same name, for 2023 reported turnover worth RON177.5 million (around EUR35.9 million), down 29.9% from 2022, more

10.28.2024

A delegation of the International Monetary Fund led by Jan Kees Martjin, head of the IMF mission in Romania, will visit the country during November 5-8 period, within the periodical meetings the more

10.25.2024

Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group, reported turnover worth around RON297 million (EUR60 more

10.24.2024

Romania's Competition Council has announced on October 24 that it authorized the transaction by which the Kinstellar network of law firms, through Kinstellar SPARL, intends to take over Noerr more

10.24.2024

Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, reported a turnover of RON274.8 million (EUR55.5 million) for 2023, up nearly 56% from more

10.22.2024

Maria Zoicas is joining ING Bank Romania as Head of the Human Resources Department, effective November 2024. more

10.22.2024

Romania had the third largest government deficit (- 6.5%) in the European Union (EU) in 2024, behind only Italy (-7.2%) and Hungary (-6.7%), according to data published by EU's Statistical Office more

10.21.2024

Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 21 that it called shareholders for a meeting on December 11 to vote on approving the more

10.21.2024

Nestlé Romania reported solid organic growth of 5.7% for the first nine months of 2024, which reflects the team’s commitment to delivering high-quality products and meeting the evolving needs of more

10.18.2024

Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japanese group Fujikura, for 2023 reported turnover worth RON103.5 million (EUR20.9 million), up 3.85 from 2022, in more

10.17.2024

Romania had the highest annual inflation rate, of 4.8%, among European Union Member States, in September 2024, data from Eurostat, the statistical office of the European Union, showed on Thursday more

10.17.2024

British software services company Endava has renewed the leasing contract for office space in UBC building, part of Iulius Mall Cluj development, for another five years. more

10.17.2024

A multidisciplinary team made up of Reff & Asociatii lawyers and Deloitte Romania financial and fiscal consultants have assisted investment fund SARMIS Capital in taking over the majority stake in more

10.17.2024

The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues to boast solvency, profitability and balance sheet more

10.16.2024

IKEA Romania has announced its sales results for the fiscal year 2024 (September 1, 2023, to August 31, 2024), highlighting growth in both online and offline sales. more

10.15.2024

Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024 point to EUR200 million disbursements or 0.1% of the more

10.15.2024

Romania’s economy could double in the next ten years, so the GDP would reach EUR700 billion, with an average growth rate of 3% to 3.5% a year and a similar average inflation. This is one of the main more

10.14.2024

Reff & Asociatii and Deloitte Romania assisted BLIK Romania, the local company set up by Polish provider of payment solutions Polski Standard Platnosci Sp. z o.o., which operates in Poland under BLIK more

10.14.2024

The macroeconomic confidence index of CFA Romania Association shed 6.7 points in September, to 40.1 points, amid the 7.3-point decline of the anticipations component and the 5.5 point-drop of the more

10.11.2024

Romania ranks 3rd among EU member states in Central and Eastern Europe in terms of e-commerce value, after Poland and the Czech Republic, according to the 2024 European Ecommerce Report commissioned more