30 oct 2023

French-held Carrefour Group posted EUR706 million gross sales (including VAT) in Romania in the third quarter, 5.2% higher than in the year-ago period. This is the second highest growth of the large more

30 oct 2023

CEC Bank and Tarom have signed a partnership agreement that will provide payment acceptance services for bank cards issued under the Visa and Mastercard logos, by taking over the settlement of card more

27 oct 2023

Port operator Socep Constanta (SOCP.RO) has approved a loan it will take out from BRD- Groupe Société Générale (BRD.RO) to continue the investment in building a grain terminal, i.e., to complete more

27 oct 2023

Avaelgo, an IT solutions provider based in Timisoara and one of the locally relevant partners of Microsoft, has received a "significant strategic investment" from IPS Solutions, a software group more

27 oct 2023

Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, posted RON16.5 million net profit in January-September 2023, 11.6% higher than in the year-ago period, the more

26 oct 2023

Five-star Radisson Blu in Cluj-Napoca, developed by Winners Park Invest and opened in June last year, had an average take-up of 65% in September and expects the same level for October. more

26 oct 2023

Fondul Proprietatea (FP.RO) on Thursday notified the Bucharest Stock Exchange of having collected RON650 million, following completion of the sale of the sale of ENEL Romania. The fund had minority more

25 oct 2023

Julius Meinl Romania, one of the biggest players on the premium coffee market, posted RON75.9 million (EUR15.4 million) revenue in 2022, up 42.5% from the previous year’s RON53.2 million (EUR10.8 more

25 oct 2023

Interpork Plus, which sells meat and meat preparations and is part of the Carmistin group, owned by the Paraschiv family, posted RON460.5 million (EUR93.4 million) revenue in 2022, up 52.7% on the more

25 oct 2023

Black Friday, one of the busiest periods for retailers and parcel delivery companies, could generate a 10% to 15% increase in deliveries for the latter compared with last year, the actors in the more

24 oct 2023

Fondul Proprietatea (FP.RO) has received approval from the Financial Supervisory Authority (ASF) for a new buy-back program of up 12% of its share capital, the Fund’s manager, Franklin Templeton more

24 oct 2023

Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), posted RON93.4 million (EUR19 million) revenue in 2022, up 147% from the previous year’s more

24 oct 2023

Online travel agency Vola.ro is entering the Bulgarian market under the brand Vola.bg, which is the first step in the international expansion strategy under this name. Vola is already present in more

23 oct 2023

The online phone and gadget store DualStore.ro, launched in Baia Mare in 2007, has invested more than one million euros in expanding its own-brand product category iSEN this year, adding new more

23 oct 2023

Criboser of Oradea, the second most dynamic road haulage company by last year's growth in revenue, expects to approach the EUR50 million mark by the end of the year, its officials say. more

20 oct 2023

HTEC Group, a global technology services, consulting and software company based in San Francisco, on Friday announced inauguration of a center of excellence for engineering in Cluj and is to expand to more

20 oct 2023

Infinity Capital Investments (SIF5.RO, the former SIF Oltenia) has notified the local capital market of the latest transaction conducted by Gravity Real Estate One, indirectly controlled by Gravity more

20 oct 2023

Romania remains 14th in the European Union in terms of new car registrations in January-September, 110,711 units, an increase of 16.2% on the year-ago period, 11,759 of which full electric and 32,597 more

20 oct 2023

Bucharest, Brasov and Arad will get new hotels under international brands as of 2024. The local market will add more than 580 rooms in such hotels from various brands. more

19 oct 2023

US-held windshield wiper manufacturer Trico is expanding its logistics space in Romania by almost 12,000 square meters in Prahova County, where it already owns a warehouse. The owner of the space is more

19 oct 2023

Employers have put more than 62,000 part-time jobs on the market since the beginning of the year, an increase of 10% on the year-ago period, even though part-time jobs are still subject to the same more

19 oct 2023

Bucharest has significantly decreased its share in the number of new homes delivered in the last three years, while secondary areas such as Ilfov region have increased theirs, amid administrative more

18 oct 2023

Aluminum producer Alro (ALR.RO) has signed a multi-annual agreement with Airbus, a leading aircraft manufacturer, the company announced. more

18 oct 2023

Electrical power producer Hidroelectrica (H2O.RO) has decided to appoint Cristian Nicolae Stoina provisional member of its Supervisory Board starting October 18 until the convening of the first more

18 oct 2023

Romanian-held walnut kernel processor Transilvania Nuts is now getting half of its revenue from exports and therefore plans to expand to export more. more