03.23.2023

Automotive components supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle Group, posted RON253.3 million (EUR51.4 million) revenue in 2022, up by about 10% compared with the more

03.22.2023

Automobile Dacia's revenue went up by 20% to RON26.7 billion or EUR5.2 billion in 2022, higher than even in 2019, despite lower production than that year, the carmaker says in its report. more

03.22.2023

ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, estimates the call center market in Romania may grow by 15% in 2023, as most companies in more

03.20.2023

Romanian technology and consulting company Softelligence, which develops and implements digital transformation solutions in finance-banking and insurance industries mainly, ended 2022 with EUR18.5 more

03.16.2023

The factoring market reached EUR7.85 billion in 2022, marking a record high increase of 30% on the year, with domestic factoring operations accounting for EUR6.78 billion, up 35% from 2021, the more

03.15.2023

Belgian-held drywall products maker Etex Building Performance (formerly Siniat Romania) posted RON357 million revenue in Romania in 2022, an increase of 21% year-on-year. The growth came from an more

03.15.2023

Timisoara is becoming a weekend destination now that it is European capital of culture this year, and organizes events on weekends, which is a big plus for tourism, says entrepreneur Marius Cristescu, more

03.13.2023

Banks in Romania granted more than RON3.3 billion worth of new loans in lei to companies in January 2023, an increase of 17.9% on December 2022 and on the year-ago month. more

03.13.2023

Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said. more

03.13.2023

Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has more

03.10.2023

Net investments carried out in the Romanian economy totaled RON150098.8 million in 2022, up 8.5% against 2021, in line with data the country’s statistics board INS published on Friday. more

03.09.2023

The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a result of the 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

03.08.2023

Romania's gross domestic product (GDP) grew by 4.8% in real terms (in unadjusted data) in 2022 as compared to 2021, provisional (1) estimates from the country’s statistics board INS showed on more

03.07.2023

Technology company Qualitance ended 2022 with EUR17.5 million revenue, an increase of about 35% on 2021, higher than expected. more

03.03.2023

Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the current value in more

03.02.2023

Evergent Investments (EVER.RO, formerly SIF Moldova) posted RON82.9 million net profit in 2022, an increase of 78.6% year-on-year, ZF has calculated from the preliminary unaudited annual financial more

02.28.2023

The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AAR) data more

02.28.2023

Purcari Wineries, a Moldovan winemaker listed on the Bucharest Stock Exchange under the symbol WINE, announced total revenue of RON302.5 million last year, up 22% from RON248.1 million in 2021. more

02.27.2023

Timisoara-based fuel supplier Artoil, owned by Alexandra and Alex Bunceanu, expects revenue to grow 10% this year compared with 2022, when it stood at RON1.14 billion (EUR231.2 million). more

02.27.2023

Conpet Ploiesti (COTE.RO), a state-run crude oil transporter, ended 2022 with RON64.7 million net profit, up 24.6% compared with 2021, while revenue stood at RON472.2 million, 14.4% higher, according more

02.24.2023

Banca Transilvania (TLV.RO), the largest lender in Romania, posted RON2.5 billion consolidated net profit in 2022, an increase of 23% on 2021, while assets increased by 6% to RON140.5 billion. On the more

02.24.2023

Holde Agri Invest (HAI.RO), a Romanian-held company that operates farmland, posted RON117.5 million consolidated revenue in 2022, an increase of 87% and net profit of RON11.4 million (IFRS), 55% more

02.24.2023

In 2023, Zetta Hospital, created a decade ago by doctor Dragos Zamfirescu, is set to register 18% turnover growth, crossing the EUR6 million mark, according to Andreea Constantin Vilcioiu, general more

02.23.2023

The M&A market in Romania did well in 2022, with a 17% increase in the volume of reported deals (76 deals), while the reported value decreased to EUR1.4 billion from EUR2.7 billion in 2021, a report more