25 sep 2023

Industrial ventilation equipment manufacturer Ruck Ventilatoare in Tarnaveni, Mures County, posted RON113.5 million (EUR23 million) revenue in 2022, down by about 17% compared with the previous more

25 sep 2023

Textile manufacturer Tanex, which has two plants, one in Bucharest and another in Valenii de Munte, Prahova County, posted RON94 million (about EUR19 million) revenue in 2022, up almost 47% from the more

25 sep 2023

North Star Support Group (NSSG), a Romania-based risk management services provider with global operations, has received a capital infusion from Avante Corp (Avante), a Canadian security services more

25 sep 2023

US premium sound system maker Sonos chose northern Bucharest to open its first store in Romania at the end of last week, as part a plan to expand in the region, a market it sees as having potential. more

22 sep 2023

ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an more

22 sep 2023

Independent electricity supplier Restart Energy is preparing to go public via a capital increase and seeks to raise tens of millions of euros with it, said Valentin Bargau, VP of Corporate Operations more

21 sep 2023

French executive François Bloch, appointed to run BRD-SocGen in 2016, is leaving his position on September 26, 2023, to pursue other opportunities inside the Société Générale Group. more

20 sep 2023

Prodal 94, a major producer on the spirits market, ended 2022 with RON175.5 million (EUR35.6 million) revenue, up 50.7% from the previous year’s RON116.5 million (EUR23.7 million), according to more

20 sep 2023

Sameday, one of the largest players in the courier market, with RON736 million revenue at the end of 2022, announced that it had invested over EUR1 million in the development of a mobile application more

20 sep 2023

2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, more

20 sep 2023

Austria’s Kontron Group has bought a piece of the former UTI empire – one of the groups that used to be a key player in the area of IT and security solution contracts awarded by the public sector, more

19 sep 2023

Cluj-based AB Systems, which specializes in making RFID and barcode tags, posted more than EUR2.7 million revenue in the first half and the full-year target is EUR5.6 million, an increase of 7.5% on more

19 sep 2023

Flip Technologies, a Romanian startup which operates as a marketplace for refurbished smartphones, has expanded operations to Greece, after having previously entered Bulgaria and Hungary. more

18 sep 2023

Cargo Partner, the Romanian subsidiary of Austrian group by the same name, which provides road, rail, sea and air shipping services, is aiming for EUR70 million in 2023, lower than last year’s EUR92 more

18 sep 2023

Low and medium-voltage equipment supplier Electro-Alfa International posted RON261.5 million (EUR53 million) revenue in 2022, an increase of about 70% on the RON154,1 million (EUR31.3 million) of more

15 sep 2023

Orange Romania, the leader of the local telecom market, has expanded its 5G/5G+ network to Galati, the company said in a release. more

14 sep 2023

The sale of OTP Bank Romania – submission of final bids, choosing a winner – has been pushed from September into October and those still in talks are Banca Transilvania and Raiffeisen Bank, after more

14 sep 2023

The Board of Directors of real estate developer One United Properties (ONE.RO) has decided to implement the share buyback program shareholders approved in April. more

14 sep 2023

Germany’s Rewe Group, one of the most powerful retailers in Europe, which owns discount store chain Penny Market in Romania, is aiming for EUR2 billion sales a year on this market soon, CEO Lionel more

14 sep 2023

Roca Industry (ROC1.RO), a construction material holding company, has notified the Bucharest Stock Exchange of the sale by Board of Directors member Mihai Birliba of 300,000 shares for RON7.2 each. more

13 sep 2023

Meat processor Vanbet based in Vaslui (East of Romania), controlled by entrepreneur Fanel Bogos, posted RON397.7 million (EUR80.6 million) revenue in 2022, an increase of about 43% on the previous more

13 sep 2023

Prodalcom Botosani, the producer of the Voronskaya vodka brand, owned by three Romanian entrepreneurs, posted RON27.1 million (EUR5.5 million) revenue in 2022, about 3% lower than the previous more

13 sep 2023

The Romanian M&A market is starting to feel the impact of the global and regional economic context in 2023, after a good year for local deals last year, especially in the energy and IT sector, but not more

12 sep 2023

Druid AI, a startup developing AI-powered intelligent virtual assistants for companies, established by a team led by entrepreneur Liviu Dragan in 2018, has secured new funding – a series B round of more

12 sep 2023

OMV Petrom (SNP.RO) shareholders starting with Austria’s OMV, which owns 51% in the company, on September 12 approved distribution of RON2.8 billion special dividends or RON0.045/share. more