23 apr 2024

Private equity company ROCA Investments announces a current valuation before dividend distribution of EUR81.64 million for 2023, up from the EUR78.1 million a year ago. ROCA Investments’ equity more

23 apr 2024

Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director of leasing, a position from which she will be more

23 apr 2024

Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement more

22 apr 2024

Real estate investments reached EUR205.75 million in the first quarter of the year, 33% more than in the corresponding period of 2023. The most dynamic sector was retail, followed by hotel and more

22 apr 2024

Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga, Constanta County, with a total capacity of 48 MW. more

22 apr 2024

Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy, while its government debt to GDP ratio was lower than the more

22 apr 2024

Sameday, one of the largest parcel delivery companies in Romania, announces intent to buy Sprinter, a rival with an over 25-year presence on the Hungarian market. more

22 apr 2024

Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest. more

19 apr 2024

Shareholders of Aerostar Bacau (stock symbol ARS), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, decided in the April 18 meeting to more

19 apr 2024

A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the more

19 apr 2024

ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term of interim CEO Alexandru Savin, who will continue to more

19 apr 2024

Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64 stood at a 68.7%, an increase of 0.2% year-on-year, more

18 apr 2024

Melinda-Impex Instal, a plumbing and sanitary ware distributor in Odorheiu Secuiesc, is buying Dennymona MG and Arnew Den in Arad County, according to an announcement from the Competition Council, more

18 apr 2024

Construction company CON-A Operations in Sibiu, the main entity of the CON-A Group of entrepreneur Mircea Bulboaca, ended 2023 with about RON772.6 million (EUR156.2 million) revenue, an increase of more

17 apr 2024

The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and more

17 apr 2024

GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million) revenue in 2023, up 5.5% compared with the previous more

17 apr 2024

Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up more than 12% from the previous year, Finance Ministry more

17 apr 2024

Air Claim (CLAIM.RO), a company that helps people get compensations for delayed or canceled flights, posted RON3.15 million net profit in 2023, an increase of 93.2% from the RON1.63 million of 2022. more

16 apr 2024

Deltaica Seafood, which sells canned and prepared fish, ended 2023 with RON40 million revenue, a slight increase over 2022 and has budgeted a 20% increase for this year, its officials say. more

16 apr 2024

International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in the October 2023 forecast, its latest “World more

15 apr 2024

Farmacia Tei and Bebe Tei, one of the most dynamic businesses on the local market, will overshoot the RON2 billion revenue mark in 2024, company officials say, who budgeted a 20% increase over 2023. more

15 apr 2024

Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating flights from Brasov-Ghimbav International Airport to Munich, Nuremberg, Stuttgart, Rome, Thessaloniki, and Istanbul from more

15 apr 2024

Technology company Life is Hard (LIH.RO) has successfully completed its public offering of corporate bonds and closed the operation at a price of RON101 per unit, at which the transaction will be more

15 apr 2024

Meat processor Angst Ro, held by the Minea family, has gone insolvent, data on the Bucharest Court of Law website show. more

12 apr 2024

Real estate developer One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential, office and mixed-use projects in Romania, announced after the end of more