03.28.2023

After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021, according to a Eurostat report. more

03.23.2023

Romania ranks last among European Union (EU) countries regarding online learning, considering that only 8% of Romanians said they used the Internet for educational purposes in the last three months, more

03.22.2023

UK’s Kingfisher Group, which owns do-it-yourself (DIY) retailer Brico Depot on the Romanian market, reported sales of GBP285 million in the 2022/2023 financial year ended on January 31, 2023, up more

03.20.2023

SAP Romania, the local subsidiary of the German software solutions producer of the same name, has reached a team of 810 employees working in its three locations of Bucharest, Timisoara and more

03.17.2023

Credit Europe Bank Romania in 2022 generated net profit worth RON34.5 million, down from RON70 million in 2021, amid ongoing digitalization investments. more

03.16.2023

The European Investment Bank (EIB) and the European Investment Fund (EIF) signed more than EUR1 billion in financing for new investments across Romania. more

03.16.2023

Creative, marketing and brand strategy agency MullenLowe Romania has announced the appointment of Anca Iuhas as Head of Strategy, a position she had previously held at advertising, marketing, and more

03.15.2023

Alpha Bank Romania reported a net profit of EUR33 million for 2022, considering that in 2021 it reported a profit before tax of EUR25.6 million. more

03.14.2023

Raiffeisen Bank International and Raiffeisen Bank Romania have granted a loan worth EUR40.5 million to a company from the Shikun and Binui Energy Group in Israel for the construction of a photovoltaic more

03.14.2023

Orange Romania is taking important steps for the global standardization of 5G technology, the sustainable development of mobile networks, ensuring cyber security and defining the future generations of more

03.14.2023

Poultry producer Oncos Transilvania based in Cluj County has finalized an investment of EUR500,000 in a smart lighting project carried out in partnership with E.ON Energie Romania and implemented in more

03.08.2023

Mexican Grupo Bimbo, one of the world’s largest bakery companies, officially announces its entry into the Romanian market following the acquisition of local company Vel Pitar from U.S. investment more

03.08.2023

Among the European Union Member States, the highest economic growth in the fourth quarter of 2022 compared to the third quarter of 2022 was recorded by Greece (1.4%), Malta (1.2%), Cyprus (1.1%) and more

03.06.2023

NN, the main player on the Romanian life insurance market, launches in Romania NN Bootcamp, an international accelerated learning program dedicated to students and recent graduates, with a view to more

03.02.2023

Romania’s Financial Supervisory Authority (ASF) has approved the increase of the share capital of Euroins Romania by RON44.7 million, according to ASF representatives. more

02.27.2023

CTP, the largest owner and developer of industrial and logistics space in Romania, continues its investments in green energy by installing a 1.5 MW photovoltaic power plant at the CTPark Bucharest more

02.27.2023

Globalworth, the largest office market investor in Central and Eastern Europe (CEE), said it signed a lease contract for a period of over seven years with Rödl & Partner Romania, an international more

02.23.2023

Telekom Romania Mobile on Thursday (Feb 23) said it ended 2022 with total revenue of EUR306.4 million, down 2.9% from 2021. more

02.21.2023

Romanian company System Innovation Romania, an integrator of end-to-end business software solutions, has overshot the EUR2 million turnover mark at the end of 2022, up nearly 20% from 2021, company more

02.21.2023

Parcel delivery company DPD Romania, one of the largest courier services companies in Romania, had a turnover of EUR71 million in 2022, up 8% from 2021. more

02.21.2023

Sales of French retailer Carrefour grew by 9% on a like-for-like basis in Romania in 2022, which is the second highest growth rate in Europe, after that in Poland. more

02.20.2023

Alpha Bank Romania said it would continue to grant mortgage loans in 2023 through the New Home (Noua Casa) government-backed program aimed at facilitating the purchase of homes. more

02.17.2023

Deloitte Romania is expanding its cybersecurity team by appointing Andrea Multari as partner and leader of the Central Europe specialized practice, effective as of March 1, 2023. more

02.16.2023

Orange, leader of the Romanian telecom market, on Thursday (Feb 16) said it registered a turnover of EUR1.57 billion in 2022, down 2.6% compared to 2021. more

02.16.2023

Romania must implement the European Fair Minimum Wage by 2024. The provisions of the European Directive and its impact on Romanians are included in an analysis by Claudia Sofianu, Partner, Income Tax more