01.25.2022

Reynaers Aluminium Romania, the local division of Belgian Reynaers Aluminium, developer of aluminum products for the building sector, envisages an increase of at least 10% in turnover in 2022, more

01.20.2022

The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last more

01.20.2022

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening its first store in Romania, within ParkLake Shopping Center in capital Bucharest, until the more

01.18.2022

Real estate consulting firm JLL has announced a new addition to the local team of Tétris Romania by recruiting Vlad Stanislav as Managing Director. more

01.17.2022

Heineken Romania appointed Gheorghe Andresz to the position of Sales Director starting January 1, 2022. more

01.12.2022

Romania’s economy is expected to grow by 4.3% in 2022, the World Bank said, cutting its June 2021 forecast by 0.2 percentage points, according to the World Bank's Global Economic Prospects report more

01.11.2022

Romania needs to raise RON145 billion from the domestic and international markets this year to fund its budget deficit and refinance previous debt, considering its projected budget gap of 5.84% of GDP more

01.11.2022

PayU, eMAG and Alpha Bank Romania extend the Instant Money Back service to Hungary so that eMAG clients who make online payments with a saved card and make a return can receive the value of the more

01.10.2022

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) has concluded a contract of RON262 million for the procurement of natural gas necessary to cover the company’s technological more

01.10.2022

Emma Zeicescu, a journalist with 21-year experience, takes over the position of communications manager at Philip Morris Romania. more

12.30.2021

Unilever has invested more than EUR120 million in Romania over the past 30 years, since the group's first products entered the local market, says Romanian executive Ana-Maria Paslaru, who became more

12.29.2021

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, on Wednesday said it increased its share capital for the second time in 2021, by over RON200 million. more

12.27.2021

Booking Holdings Romania, a company established in July 2021 by Booking Holdings, has received a capital increase of RON22 million ($5 million) from its sole shareholder, according to Trade Register more

12.22.2021

Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with the Black Sea Trade and Development Bank (BSTDB) to support small- more

12.20.2021

Financial analysts expect the Romanian leu will depreciate to an average of 5.1145 units to the euro in the next 12 months, while inflation is seen averaging 5.8% during the same period, a monthly more

12.17.2021

Ford Romania on Friday revealed the one millionth vehicle manufactured at its Craiova assembly facility, which is a Puma ST-Line in Desert Island Blue, powered by a 155 PS EcoBoost Hybrid engine. more

12.13.2021

Hünnebeck Romania, one of the leading local suppliers of casing and scaffolding systems, expects a significant business growth on the infrastructure segment, considering that in 2021 almost 40% of more

12.06.2021

Airbus Helicopters Romania has completed the delivery of the second retrofitted H215 helicopter to the Finnish Border Guard (FBG), in an acceptance ceremony taking place at its headquarters in more

12.03.2021

In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis more

12.02.2021

Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy more

11.30.2021

The Petromidia refinery, the most important asset of Kazakhstan’s KazMunayGas in Romania, as well as assets in the hydrocarbon production area of OMV Petrom, are on the radar of Poland’s PKN more

11.25.2021

AFI Europe Romania has bought two plots of land covering a total 10,200 square meters from Impetum Investments, the investment division of Impetum Group, in a deal worth EUR12 million. more

11.23.2021

Farm machinery producer Maschio Gaspardo Romania, held by Italian companies Maschio Gaspardo SpA (a 75% stake) and by Finest SpA, (a 25% stake), has increased by 20% the production capacity at its more

11.22.2021

Romania ranks 44th out of 168 countries, climbing one spot in the global ranking, but continues to be surpassed by all the other EU member states, according to the 2021 Social Progress Index (SPI), more

11.22.2021

PwC Romania's mergers and acquisitions (M&A) team brokered the transaction through which IT company Arobs Transilvania Software recently acquired local software developer Berg Computers and assisted more