7 iun 2024

Energy Minister, Sebastian Burduja, on June 7 signed 14 financing contracts worth a total of RON34.5 million (EUR7 million), through the Modernization Fund, for investments in photovoltaic panels. more

7 iun 2024

Concrete prefab manufacturer Prebet Aiud (PREB.RO) has informed investors in a stock market report on Friday (June 7) about the conclusion, as seller, of a contract worth nearly RON334 million for the more

7 iun 2024

eMag IT Research SRL, a company held by Dante International, which manages eMAG, the largest online retailer in Romania, had a net turnover of RON232.5 million (EUR46.7 million) in 2023, up nearly 6% more

7 iun 2024

TeraPlast SA has appointed Bogdan Lucian Craciunas to the position of Chief Financial Officer of the company, effective from July 29, 2024, the company announced in a press statement on Friday (June more

7 iun 2024

The first direct flight from Romania, Bucharest, to the United States of America, in New York, after a 20-year break, was operated on Friday (June 7) by airline HiSky, from the Henri Coanda (Otopeni) more

7 iun 2024

Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 14.6% in unadjusted data and by 9.5% when adjusted for seasonality and number of working days, in more

7 iun 2024

Romania's economy inched up 0.1%, in unadjusted data, and grew by 1.8% In seasonally adjusted data, in the first quarter of 2024 compared to the same period of 2023, in line with provisional (1) more

7 iun 2024

Huawei Technologies, the Romanian subsidiary of China's giant Huawei, reported a turnover of RON1.6 billion (nearly EUR325 million) for 2023, down 15% compared to 2022, as per finance ministry data. more

6 iun 2024

Approximately 150-200 new franchises open in Romania's HoReCa (Hotels, Restaurants and Catering) sector every year, and the investment value ranges from EUR30,000 to over EUR300,000, depending on the more

6 iun 2024

Drugmaker Zentiva Bucuresti (BSE:SCD) has appointed Hacho Agop Hatchikian as temporary member in the company's Board of Directors, effective June 6, Zentiva said in a press statement published on the more

6 iun 2024

French retailer Auchan has rebranded two Auchan Discount stores, located in the cities of Timisoara and Ploiesti, under the new discount hypermarket format ATAC, reaching three units under this more

6 iun 2024

Romania's Finance Ministry raised RON2.8 billion from banks on Thursday (June 6), selling government paper in two auctions, at annual average yields of 6.03% and 6.75%, respectively. more

6 iun 2024

Carrefour Romania is inaugurating the first hypermarket in Bacau (eastern Romania), within the Supernova shopping center, after remodeling the former Cora store. more

6 iun 2024

Romania's Competition Council is assessing a transaction through which Premier Renewable Invest Co S.R.L. intends to take over Eolica Dobrogea One S.A more

6 iun 2024

Investment in production machinery and military equipment in Romania surged by 80% in 2023 compared to the pre-pandemic period, well above the EU average of 30%, totaling EUR30 billion, or nearly 9% more

6 iun 2024

Artificial Intelligence (AI) tools like ChatGPT or Gemini are regularly used by 34.9% of employees of companies in Romania in their office tasks to reduce workload or get results faster, as per the more

6 iun 2024

Romanian companies that intend to list on the Bucharest Stock Exchange, on the Main or AeRO markets, can access, from June 7, 2024, non-refundable funds that cover the costs related to running a more

6 iun 2024

Five-star JW Marriott Hotel in Bucharest ended 2023 with revenue of RON175 million, up nearly 14% from 2022, as per finance ministry data, thus reporting new record revenue. more

6 iun 2024

In the context in which the number of investors in mutual funds increased by 20,000 in April 2024 versus March and by 78,000 so far in 2024, all large asset management companies in Romania saw more

6 iun 2024

Home appliances producer De’Longhi Romania, the largest exporter in Cluj County, ended 2023 with a turnover of RON2.443 billion (nearly EUR494 million), up nearly 17% from RON2.089 billion (EUR423.7 more

6 iun 2024

NN Pensii, Romania's largest Pillar II private pension fund and the leading investor at the Bucharest Stock Exchange, in April slightly reduced its exposure in OMV Petrom (BSE:SNP), the only oil and more

5 iun 2024

Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgian group BMT, ended 2023 with a turnover of RON194.8 million (EUR39.4 million), up 18.1% from RON164.9 more

5 iun 2024

Endeavor Romania and UniCredit Bank have concluded a strategic partnership which will facilitate the access to financing and resources for companies founded by Romanian entrepreneurs. more

5 iun 2024

Allianz-Tiriac, the second largest insurer in Romania, ended the first quarter of 2024 with a volume of gross underwritten premiums of RON910 million, up 7% on the year, with the biggest increase, of more

5 iun 2024

The shareholders of Romanian building materials producer Cemacon (BSE:CEON) have approved the delisting of the company from the Bucharest Stock Exchange (BSE), within an operation to be intermediated more