2 nov 2023

Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum. more

2 nov 2023

Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian more

2 nov 2023

Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director more

2 nov 2023

Agroland Business System (AG.RO), a Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of farm supply stores in Romania, on Thursday notified the Bucharest more

2 nov 2023

More than 60% of consumers in cities who plan to order online during the Black Friday campaign will choose delivery to parcel lockers (easybox), reveals a survey by Sameday, a local parcel delivery more

2 nov 2023

The Capital Markets practice of Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised OMV Petrom in relation to the delisting of its Global Depository Receipts (GDRs) more

1 nov 2023

Cybersecurity company SafeTech Innovations (SAFE.RO) has signed a significant contract that exceeds 10% of its total revenue in the last annual financial statements, it said in a report to the more

1 nov 2023

Neither the European Commission, nor the Competition Council have received any notifications from Ahold Delhaize or Profi regarding the takeover of the Profi store chain by the Dutch-Belgian Delhaize more

1 nov 2023

Swiss-held Artemis Group, a developer of industrial spaces, has completed a EUR10 million investment in the fourth building of the Artemis Industrial Park in Sanandrei, Timis County. more

1 nov 2023

Airline Dan Air announced it would be flying from Bacau as of November 13, after leaving Brasov. The main reason why it made this decision was that the Brasov Airport delayed extending its opening more

1 nov 2023

Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data showed on Wednesday (November 1). more

1 nov 2023

Ursus Breweries, the largest actor on the beer market in Romania, has inaugurated a new bottling line at its brewery in Brasov, as well as new warehouses, labs and office space, which will help more

31 oct 2023

Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, budgeted more than EUR1.4 billion (RON7 billion) sales for this year, an increase of 7% to 10% on the sales of 2022. more

31 oct 2023

Chimcomplex (CRC.RO), the largest chemical plant in Romania, informed investors in a report to the Bucharest Stock Exchange on Tuesday that its chief executive officer Stefan Vuza stepped down as of more

31 oct 2023

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of First Bank to the Italian group Intesa, a transaction more

31 oct 2023

Electrical components manufacturer Romradiatoare Brasov (RRD.RO) recorded a profit of RON843,126 in January-September 2023, up from a loss of RON1.48 million in the same period last year, the company more

31 oct 2023

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, dropped to 6.35% on Tuesday, October more

31 oct 2023

Airline Dan Air has announced it will cease operations on the Brasov Airport and move to Bacau, as a result of the decision of the Brasov Airport to delay extending the opening hours for January 2024. more

31 oct 2023

Real estate investor-developer Hagag Development Europe has started work on the restoration, consolidation and refunctionalization of Stirbei Palace on Calea Victoriei. H Stirbei Palace is the more

30 oct 2023

OVES Enterprise, a Romanian software development company, launches IXXERA, a security platform for drone networks ensuring the safeguarding of unmanned aerial vehicles (UAV) against cyber-attacks, more

30 oct 2023

Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in April 2036 in an auction, at an average yield of 7.15%. more

30 oct 2023

US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania. more

30 oct 2023

The Competition Council approved Carrefour’s acquisition of retailer Cora’s operations in Romania. The deal should therefore be completed in the next few weeks, Carrefour officials announced. more

30 oct 2023

Law firm RTPR assisted private equity firm MidEuropa Partners in the sale of Profi, while providing Profi support in the largest deal in the retail sector ever concluded in Romania, which stood at more

30 oct 2023

German-held retailer Kaufland plans to reach the 200-hypermarket mark in Romania by 2025, from the current 171 it has at the moment, developing at a steady pace of at least 10 new stores every year, more