10.30.2020

NN Group and the pension funds it manages have raised their holding in Romanian lender Banca Transilvania (TLV.RO) from 9.96% to 10.04%, the bank announced Friday. more

10.27.2020

Real estate developer Iulius Group, owned by businessman Iulian Dascalu, has changed its plan for the tallest office building in Romania, under construction in the Iulius Town compound in Timisoara. more

10.21.2020

OLX Group, present in Romania with the Olx, Storia and Autovit.ro brands, plans to acquire KIWI Finance, the largest loan brokerage company on the Romanian market, which currently is part of the more

10.15.2020

The software development center of Dutch ING Group in capital Bucharest has reached 1,000 employees after hiring 200 IT experts in 2020, and plans to continue hiring in the coming months. more

10.15.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, appointed Lucian Hoanca to the position of Chairman of the Executive Board, on Wednesday more

10.09.2020

NN Romania, the leading life insurer and private pension fund manager in Romania, will expand its portfolio into home insurance starting October, the company announced Friday. more

10.09.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, on Friday announced it has appointed Calin Ionescu as chief executive officer. more

10.01.2020

E.ON Gaz Furnizare and E.ON Energie Romania, the natural gas and electricity suppliers of German utility E.ON Group in Romania, on Thursday said they are involved in a process of merger through more

09.30.2020

Imocredit IFN, a mortgage lender part of financial group ImoFinance, specialized in real estate financing, ended the first half of 2020 with a net profit of RON1.4 million, more than double the more

09.04.2020

TeraPlast Group, the largest Romanian construction materials manufacturer seeks to attract funds of over EUR9 million from the State and, to this end, it will submit state aid projects within the more

09.04.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, on Friday announced the re-opening of the Group's in-door restaurants in Romania, following Romanian more

09.02.2020

Irina Mandoiu has taken over the position of Chief Executive Officer of construction paint maker Policolor-Orgachim Group, starting September 2020. more

09.01.2020

U.S.-based Mars Group, one of the world’s biggest producers in the food sector, whose portfolio includes brands like M&M, Snickers, Orbit and Whiskas, has announced the appointment of Jan more

08.27.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, reported a net loss of RON22.3 million in the first half of 2020 (excluding the impact of IRFS 16 more

08.25.2020

German Allianz Group has indirectly reached a holding of 5.3% of the voting rights of Romanian state-owned energy utility group Electrica (EL.RO), after the private pension fund AZT Viitorul Tau, more

08.24.2020

Shareholders of building materials producer TeraPlast Bistrita (TRP.RO) on Monday approved the repurchase by the company of a maximum number of 5.5 million own shares at a minimum price equal to the more

08.24.2020

French Accor Group is extending its network in Romania with a new hotel called ibis Styles Dunarea Galati, the second unit opened in 2020; five other hotels, including Mercure Galati Centrum, will be more

08.24.2020

Austrian Leier group, which bought Brikston and Siceram in Romania, said Monday it was investing over EUR25 million in two concrete manufacturing plants in counties Cluj and Arad. more

08.20.2020

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, said Thursday it has opened a new KFC restaurant in the Dambovita Mall shopping center in more

08.19.2020

Caroli Foods Group, one of the largest players on the Romanian cold cuts market, exceeded the EUR100 million turnover threshold in 2019, for the first time ever, due to an 8.6% increase, per data from more

08.18.2020

Romania’s Competition Council has approved a transaction whereby Delfingen Industry SA is acquiring some assets and shares of Schlemmer Group. more

08.17.2020

BRK Financial Group (BRK) on Monday said it ended the first six months of 2020 with a loss of RON6.4 million from the operating activity, compared with a profit of RON8.6 million in the same period in more

08.06.2020

Telekom Romania Group, which consists mainly of the former companies Cosmote and Romtelecom, reported consolidated revenue of EUR228.9 million in the second quarter of 2020, down 1% on the year, and more

08.06.2020

Germany’s Schwarz Group, which holds food retailers Kaufland and Lidl in Romania, reported a turnover of RON21.6 billion (EUR4.5 billion) in Romania in 2019, up 15.9% on the year, per ZF data based more

08.04.2020

Vinaria Purcari SRL, a wholly owned subsidiary of Purcari Wineries PLC, has entered a transaction to sell the 31.415% stake owned in Glass Container Company SA to Vetropack Group, a leading Swiss more