04.08.2024

The five-star, 270-room Sheraton Hotel in Bucharest expects revenue to increase 10% to 15% in 2024 compared with 2023, when the results were close to the 2019 level, a reference year in tourism. more

04.01.2024

MedLife (M.RO), the largest private medical operator in Romania, has outlined its main directions for 2024 and wants to achieve a consolidated revenue target of more than RON2.6 billion, up 18% on more

03.27.2024

Electrical equipment distributor Promelek XXI in Cluj-Napoca, part of the Spanish group Elektra, posted about EUR44 million revenue for 2023, up 10% compared with the previous year, when its revenue more

03.21.2024

Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a result of higher number of projects and a five-fold more

02.23.2024

Electricity and electrical equipment producer Electromagnetica (ELMA.RO) made a net loss of RON31.7 million for 2023, from a profit of RON23 million in 2022, the company said in a report to the more

02.23.2024

Aerostar Bacau (ARS.RO), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, posted RON93 million net profit in 2023, 3% higher than in 2022. more

02.23.2024

Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, ended 2023 with a net profit of RON7.6 million, down 34.3% compared with 2022, on operating revenue of more

02.22.2024

Telekom Romania Mobile (TKRM), the fourth mobile telephony operator in Romania, posted EUR77.5 million revenue in the fourth quarter of 2023, up 6.2% year-on-year, mainly reflecting the sharp increase more

02.21.2024

The salt mines managed by Salrom – Slanic, Targu Ocna, Cacica, Ocnele Mari and Praid, generate 10% of the revenue of the company. Salrom posted ROM498 million revenue in 2022, according to the more

02.21.2024

La Mama restaurant chain started by entrepreneur Catalin Mahu 25 years ago ended 2023 with 15% higher revenue than in 2022. Trotter Restaurant, the operator of the business ended 2022 with RON22.7 more

02.20.2024

Corteva Agriscience, a producer of agricultural seeds and plant protection products saw its business in Romania and the Republic of Moldova increase by 23% in 2023 compared with 2022. more

02.01.2024

Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in revenue in 2023 compared with the previous year. more

01.30.2024

Skatepark and playground builder Sport Play Systems in Turda, Cluj County, held by local entrepreneurs Adrian Silagyi and Mihai Balas, ended 2023 with RON30.3 million (EUR6.1 million) revenue. more

01.30.2024

State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure of RON4.7 billion in 2023, a potential increase of more

01.29.2024

Boglar Champ, which cultivates mushrooms in the village of Nusfalau, Salaj County, ended last year with RON134 million (EUR27 million) revenue, up 20% on the previous year, and estimates a more

01.26.2024

Electrical power producer Hidroelectrica (H2O.RO), the most profitable state-owned company in Romania, included a preliminary net profit of RON6.02 billion for 2023 in its 2024 spending and revenue more

01.24.2024

Industrial ventilation equipment manufacturer Ruck Ventilatoare in Tarnaveni, Mures County, the local subsidiary of the Germany’s Ruck Ventilatoren GmbH, ended 2023 with a more than EUR27 million more

01.23.2024

Natural gas transmission company Transgaz (TGN.RO) set RON2.06 billion as „operating revenue” in its spending and revenue budget for 2024, which means a 19.2% increase on the estimated 2023 more

01.23.2024

Patristrans VT Logistic in Apahida, Cluj County, a company that transports general freight by road, ended last year with RON50 million (about EUR10 million) revenue, up 10% from the previous year and more

01.22.2024

Road freight carrier Dolo Trans Olimp (DTO), held by entrepreneur Cristian Dolofan, posted EUR97 million revenue in 2023 and expects 30% to 35% growth this year, its officials say. more

01.17.2024

Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car market has not yet recovered to pre-COVID levels. more

01.17.2024

Kastamonu Romania (formerly Prolemn), held by Turkey's Kastamonu Entegre, expects similar results to last year's for its wood processing plant in Reghin in 2024. The company ended the first nine more

01.11.2024

Businessman Claudiu Aron, owner of Alpin 2003 company, which manages the Alpin Resort hotel compound in Poiana Brasov mountain resort, completed in 2023 the investments in the former Favorit complex more

01.10.2024

This year's ski season, which started earlier than last year, when it snowed as late as February, could bring growth for the hotel business in Poiana Brasov. more

12.21.2023

The four-star hotel Cismigiu in Bucharest, one of the city's landmark buildings, controlled by the Spanish Hercesa, will end this year with EUR1.9 million revenue, higher than in 2019, the benchmark more