Banca Transilvania Aims to Boost Lending and Profit by 7%, Assets by 13% in 2023
03.24.2023
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate net profit of above RON2.3 billion this year, 7% above the 2022 level, as it projects rising revenues and lending.
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Tech Company 2Performant Projects 39% Higher Turnover, Threefold Profit Increase in 2023 today, 11:26
2Performant, the main player on Romania affiliated marketing market, expects RON48.6 million turnover in 2023, up 39% from 2022, and RON836,000... more
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Romania Operating Leasing Market Grows 5% in 2022 YOY today, 11:11
Romania’s operating leasing market in 2022 rose in line with the automotive market, going beyond 80,000 units under management, representing an... more
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Sphera Franchise Group Expects EUR320M Sales in 2023, Up 21% YOY today, 10:31
Sphera Group, the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, estimates restaurant sales will top EUR320 million... more
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Arctic Stream Aims for 25% Higher Turnover, 23% Profit Growth in 2023 today, 10:12
Arctic Stream, an IT infrastructure and security integrator listed on the Bucharest Stock Exchange, expects turnover worth RON102.5 million... more
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Bacolux Group Ends 2022 with EUR10M Revenues, Up 50% from 2021 today, 10:01
Hotel group Bacolux, controlled by brothers Marius and Razvan Bazavan, ended 2022 with revenues worth EUR10 million, up almost 50% on the year. more
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Pinum Doors & Windows 2022 Turnover Up 30% YOY today, 09:54
Pinum Doors & Windows, part of Italy’s Nusco group, controlled by Nusco family, ended 2022 with revenues of above EUR22 million, up 30% from 2021... more
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Federation of Hoteliers in Romania Expects Hotel Market to Rebound to 2019 Level in 2023 today, 09:43
Calin Ilie, head of the Federation of Hoteliers in Romania, says the local market is expected to return to 2019 level this year, maybe even... more
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Dacia Plant Wants to Go Abroad, Boosts Factory Capacity today, 09:18
Food supplements and tea producer Dacia Plant, with a 20-year history locally, will have a 40% bigger production capacity by yearend and the brands... more
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Evergent Investments Calls Shareholders to Vote on RON82.7M Dividends 03.24.2023
Financial investment company Evergent Investments (EVER.RO) has called shareholders for April 27 to vote on the distribution of dividends of up to... more
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Turbomecanica Proposes Shareholders RON8.5M Diviends on 2022 Profit 03.24.2023
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, has called shareholders for April 27,... more
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Competition Council Approves MedLife’s Acquisition Of Centrul Provita 03.24.2023
Romania’s Competition Council on Friday announced it had given the greenlight for the acquisition by MedLife of Centrul de Diagnostic si... more
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PwC and D&B David si Baias Assisted PPC in Acquisition of Enel’s Romanian Assets 03.24.2023
An integrated team of specialists from PwC Romania and Greece and lawyers from D&B David si Baias, the partner law firm of PwC in Romania, assisted... more
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CEC Bank Grants about RON40M Loan to Egg Producer Toneli Holding 03.24.2023
CEC Bank has granted an about RON40 million loan to Toneli Holding, part of the Toneli Group, the largest egg producer in Romania, guaranteed by... more
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ONV LAW: Romania Main Airports and Critical Aviation Infrastructure Set to Attract Almost EUR1B Investment by 2024 03.24.2023
The main airports of Romania have investment projects worth above EUR530 million underway and investments of above EUR400 million will be shortly... more
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CFA Romania Analysts Expect 8.62% Average Inflation, See Leu at 5.0390 Units Per Euro in Next 12 Months 03.24.2023
Financial analysts part of CFA Romania Association forecast an average 8.62% inflation rate for the next 12 months and expect the local currency to... more
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Romanian Startup easySales Attracts New Funding, Hits EUR1.1M Overall Investments 03.24.2023
Local startup easySales, which has set up an automated B2B management and e-commerce platform, has attracted new funding from Fortech Investments,... more
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Medima Health Plans to Expand Further in 2023 03.24.2023
Medical imaging clinic network Medima Health has reached five units nationwide in the wake of fast expansion and wants to grow further, targeting... more
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Velocità Wants to Cement Foothold in Bucharest 03.24.2023
Adnana Popa, cofounder and CEO of homemade gelato shop chain Velocità, plans to strengthen its foothold in Bucharest and open another two shops. more
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DN Agrar Wants to Grow on Milk Market, Set to Start Compost Production by Yearend 03.24.2023
DN Agrar Group, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics,... more
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Alumil Rom Industry Proposes RON0.2 Dividend/Share, At 10.5% Yield 03.24.2023
Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Thursday (March 23) said it would convene its shareholders on April 24 to put to the... more
The European Bank for Reconstruction and Development (EBRD) is lending EUR50 million to UniCredit Leasing Corporation to support micro,
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39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease,
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OMV Petrom, the largest integrated energy company in Southeast Europe, will build, in partnership with Complexul Energetic Oltenia (CE
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The European Commission (EC) sent letters of formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their
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Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul
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Fiscal deficits will remain elevated in Romania in the medium term: 4.7% of GDP (cash basis) in 2024, compared to the 2.9% target set
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Banks’s profitability will remain subdued over the next year, because of an unprecedented mix of factors including Russia’s
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Romania’s Energy Ministry on Monday (Oct 10) signed the first nine contracts funded through the Modernization Fund, in the amount of
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Survey: Romania Could Increase Its GDP By 10% Until 2050 By Boosting Savings
Romania could increase its gross domestic product (GDP) by 10% until 2050, generating an additional contribution of EUR575 billion by boosting savings and redirecting them towards lucrative investments, according to a survey conducted by McKinsey&Company in spring 2022.