16 iun 2023

The total number of tourists housed in accommodation units in the first quarter of 2023 stood at 356.6 thousand, with their expenditures amounting to RON938.5 million, namely around RON2.632 per more

8 iun 2023

Sweden’s fashion retailer H&M has set up a new company in Romania, this time an IT one. more

15 mai 2023

Sphera Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, in the first three months of 2023 generated RON7.3 million net profit, from net losses of RON10.9 more

9 mai 2023

Romanian investors have in the past five years purchased real estate properties worth EUR1.1 billion, accounting for 28% in the overall volume traded in this period, becoming the most dynamic buyers more

28 apr 2023

OMV Petrom, Romania’s largest oil company, ended the first three months of 2023 with RON9.5 billion sales, vs RON12 billion in the year-ago period, while net profit slipped by 15% to RON1.48 billion more

16 ian 2023

Omer Tetik, CEO of Romania’s biggest bank Banca Transilvania, says 2022 was a challenging year for the financial market, one of the most volatile years he has seen, but the bank ended it well. For more

25 nov 2022

The ten most valuable companies in Romania’s economy are this year valued at RON218 billion (EUR44 billion), 20% lower than in 2021. more

31 oct 2022

Aegon Romania ended the first half of 2022 with an 8.2% increase in gross underwritten premiums, at RON76.7 million, vs RON70.4 million in 1H/2021. more

10 oct 2022

Real estate agencies in the first nine months of 2022 traded 627,837 square meters of warehousing spaces, with almost half of deals being initiated in the July-September period (3Q), reveals an market more

7 sep 2022

Elian Solutions, part of Bittnet group, a provider of ERP business solutions, doubled its revenues in the first half of this year, to RON5.49 million, ending the year half with RON859,000 gross more

31 aug 2022

Autonom Services, a mobility network controlled by brothers Marius and Dan Stefan, ended the first half of this year with RON239 million revenues, up 35%, and net profit of RON17.8 millio, 42% above more

5 aug 2022

Adrian Ariciu, CEO of Metro Cash&Carry Romania, says the company counts on growth in 2022 as its clients’ businesses are rising, its share of the distribution market in is on an upward trend and more

20 iun 2022

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up, from 6.17% to 6.18% a year, more

11 mar 2022

Passenger car registrations rose by 39.5% in the first two months of 2022 against 2021, according to data from Automotive Manufacturers and Importers Association (APIA). EVs posted an 84.9% increase, more

24 feb 2022

Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a more

21 feb 2022

2022 started with a positive signal for the hotel sector, with 277 accommodation unit construction sites being already underway by February 14, in line with data provided by IBC Focus, which operates more

21 ian 2022

Oves Enterprise, a Cluj-Napoca-based company specialized in software development, with turnover of around RON14 million at end-2021, announced it is set to open an office in Germany, in Munich, and more

5 ian 2022

China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of the more

4 ian 2022

Florin Enache, founder of jewelry chain Teilor, which has reached a network of around 60 stores on four markets of Central and Eastern Europe, believes foreign expansion is undoubtedly a winning move. more

4 ian 2022

Mircea Turdean, general manager of Farmec Cluj, the biggest local producer of cosmetics, expects the company’s turnover to return into the black this year after a several percentage drop in 2021 and more

4 ian 2022

Elit, a major producer of cold cuts in Romania, with RON620 million turnover and RON55 million profit in 2020, managed to maintain its profitability level in 2021 as well by boosting sales amid tough more

22 dec 2021

Marius Vacalau, CEO of specialized retail group Lagardere Travel Retail, says he plans moderate network expansion, of 10-15% in 2022, meaning around 30 units, with the pace set to quicken should more

9 dec 2021

Penny continued to open new stores during the pandemic, 20-25 units per annum, but wants to step up and even double up the pace toward 40 units starting 2022. more

25 oct 2021

Bacau-based Barleta plant, producing paper bags and sacks for major supermarket chains, pharmacy networks or bakery makers, forecasts 7% higher turnover this year, to EUR20 million, according to the more

25 oct 2021

Karpaten Turism, one of the biggest players in Romanian tourism field, controlled by Gheorghe Marginean, aims for EUR50 million turnover this year, from the around EUR20 million level reached last more