20 iun 2024

Romania's Finance Ministry has raised RON518 million from banks on Thursday (June 20), selling government paper at an annual average yield of 6.27%. more

20 iun 2024

Electronic device maker Visual Fan (ALW.RO), owner of Allview brand, is calling shareholders for July 26 to approve the distribution of dividends from the company's 2023 undistributed profit, as per a more

20 iun 2024

Tech-Con Industry Romania, a member of the Tech-Con Group, a leading player in the automation market, has relocated its offices and warehouse to VLPark Bucharest West, where it leased a space of more

20 iun 2024

Although the number of foreign direct investment (FDI) projects in Romania in 2023 decreased by 13%, investor optimism remains strong, with 67% anticipating an increase in the country’s more

20 iun 2024

Delgaz Grid, part of E.ON Romania group, has so far submitted 20 investment projects which total RON3.3 billion and target SMART metering, the modernization of transformer stations, high, medium and more

20 iun 2024

Romania continues to face major challenges in managing and recycling packaging waste, with the latest data showing that the country has recycled only 38.31% of packaging waste, marking a decline of more

19 iun 2024

Furniture maker Artemob International, controlled by French company P3G Industries, ended 2023 with a turnover of RON111.7 million (EUR22.6 million), down 16.8% from a turnover of RON134.3 million more

19 iun 2024

NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, reported a turnover of RON586.6 million (EUR118.6 million) for 2023, up 13% from a turnover of RON518.5 million more

19 iun 2024

Libra Internet Bank expects Romania's gross domestic product (GDP) to grow 2.6% in 2024, Lucian Anghel, the bank's deputy chief executive officer and chief economist, told a press conference. more

19 iun 2024

Real estate developer One United Properties (BSE:ONE) has announced in a stock market report on Wednesday (June 19) that its subsidiary One United Tower had contracted a bank financing of EUR47 more

19 iun 2024

In April 2024, the volume of construction works increased, in unadjusted data, by 10.3% compared to March 2024 and was up 8.0% when adjusted to the number of working days and to seasonality, data from more

19 iun 2024

Sameday, one of the largest parcel delivery companies in Romania, has budgeted inves­tments of RON150 million to increase its delivery capacity in Romania, Hungary and Bulgaria by expanding the more

18 iun 2024

Bucharest-based company Ingram Micro Distribution, part of US IT&C distribution group of the same name, had a net profit of RON8.9 million in 2023, up 58% on the year, in line with data available on more

18 iun 2024

Banca Transilvania (BSE:TLV), the largest credit institution in Romania, on June 26 will be distributing dividends worth RON1 billion from its 2023 record profit of RON3 billion, respectively a gross more

18 iun 2024

Arad-based fuel supplier Smart Diesel ended 2023 with net profit of RON137.7 million (EUR27.8 million), almost three times higher than the net gain of RON47.8 million (EUR9.7 million) reported in more

18 iun 2024

ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut on Romania’s Black Sea Coast. more

18 iun 2024

SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local business sustainability needs. more

18 iun 2024

This year, 37% of Romanians intend to go on holiday abroad and the most popular direction proved to be Greece; on the longest of foreign journeys, 1/3 plan to spend between EUR 201 – 600 per person, more

18 iun 2024

The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions and regional partners to promote gender diversity in more

18 iun 2024

Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services to citizens requesting the release of documents more

18 iun 2024

Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared to April 2024, data from Eurostat, the statistical more

17 iun 2024

Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reported in more

17 iun 2024

Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than RON774.2 million (EUR157 million) reported in 2022, in more

17 iun 2024

Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in April 2024 compared to March 2024, but increased by 8.5% more

17 iun 2024

Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler, according to Naturevo representatives. more