09.27.2023

Romania’s economy will expand by only 1.8% in 2023, European Bank for Reconstruction and Development economists forecast. The projection was downwardly revised from an initial 2.5% one. more

09.26.2023

Romanian-owned steel pipe distributor Comtech Co posted RON154.4 million (EUR31.3 million) revenue in 2022, an increase of 34.3% on the previous year’s almost RON115 million (EUR23.4 million), ZF more

09.25.2023

Jacobs Douwe Egberts Ro, the local subsidiary of the group of the same name, posted RON526.2 million (EUR106.7 million) revenue in 2022, up 14% from the previous year’s about RON462.5 million (EUR94 more

09.21.2023

French executive François Bloch, appointed to run BRD-SocGen in 2016, is leaving his position on September 26, 2023, to pursue other opportunities inside the Société Générale Group. more

09.20.2023

Prodal 94, a major producer on the spirits market, ended 2022 with RON175.5 million (EUR35.6 million) revenue, up 50.7% from the previous year’s RON116.5 million (EUR23.7 million), according to more

09.20.2023

2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, more

09.19.2023

Cluj-based AB Systems, which specializes in making RFID and barcode tags, posted more than EUR2.7 million revenue in the first half and the full-year target is EUR5.6 million, an increase of 7.5% on more

09.18.2023

Low and medium-voltage equipment supplier Electro-Alfa International posted RON261.5 million (EUR53 million) revenue in 2022, an increase of about 70% on the RON154,1 million (EUR31.3 million) of more

09.14.2023

Over 56,000 new limited liability companies (LLCs) have been registered from the beginning of 2023 until present, as the small business sector in Romania has traditionally been highly dynamic, with more

09.13.2023

Meat processor Vanbet based in Vaslui (East of Romania), controlled by entrepreneur Fanel Bogos, posted RON397.7 million (EUR80.6 million) revenue in 2022, an increase of about 43% on the previous more

09.11.2023

Global technology and software company Emerson, part of the US Emerson Group, posted RON1.396 billion (EUR283.3 million) revenue in 2022, up 29.3% on the previous year, according to ZF calculations more

09.07.2023

Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data, data more

09.06.2023

Business software developer Wizrom Software ended 2022 with more than EUR1.37 million revenue, an increase of over 8% year-on-year, Finance Ministry data show. more

08.31.2023

Oil drilling company Foraj Sonde Videle (FOJE.RO) posted RON77.1 million revenue in the first half of 2023, up from RON46.7 million in the same period of 2022 and went from a loss of RON2 million to a more

08.29.2023

Danube freight carrier Transport Trade Services (TTS) recorded group-wide revenue of RON571.5 million in first half of 2023, 42% above the same period in 2022, it said it its first half financial more

08.16.2023

Hidroelectrica (H2O.RO), Romania's largest electricity producer and the latest company to go public on the Bucharest Stock Exchange, posted almost RON4 billion net profit in the first half, up 46% more

08.16.2023

Romania’s gross domestic product (GDP) grew by 1.7% in real terms (in unadjusted data) in the first half of 2023 compared to the same period of 2022, and by 2.8% in seasonally adjusted data, more

08.14.2023

Antibiotice Iasi (ATB.RO), the most important Romanian producer of generic drugs, recorded sales of RON315.9 million in the first half of 2023, a 27% increase compared with the first half of 2022, more

08.14.2023

Aluminum accessories supplier Alumil Rom Industry (ALU.RO) posted RON55.65 million revenue from sales in the first half of the year, up 6% from RON51.5 million in the same period of 2022, the company more

08.14.2023

Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, ended the first six months of 2023 with RON5.74 million net profit, up 18.1% compared with the more

08.10.2023

OTP Bank Romania recorded a consolidated net profit of RON183 million in the first half of 2023, driven by an increase in operating profit and positive credit risk costs, as the bank posted RON14 more

08.09.2023

Travel agencies ended 2022 with RON5 billion revenue, a record high for the local market, Trade Register data show. more

08.07.2023

Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, posted about RON504.5 million (EUR102.3 million) revenue in 2022, up 3% from the RON488.6 million (EUR99.3 more

07.21.2023

Personal net worth in Romania rose at an annual rate of 10.5% in the past five years, to $200 billion and is expects to continue to growth by around 7% by 2027, overshooting the growth rate of Eastern more

07.20.2023

Paper packaging manufacturer Segezha Packaging switched from profit to loss in 2022, but its revenue increased by 31% to RON102.6 million, almost 20% of which generated by exports. The company expects more