23 sep 2024

The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying that the more

20 sep 2024

Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, saw its losses widen to RON12 million in the first half of 2024, from RON8.7 million in the same time in 2023, while more

20 sep 2024

The board of directors of state-run Romgaz (SNG.RO), the largest natural gas producer in Romania, on September 19 approved, based on the decision of shareholders, the establishment of the Euro Medium more

19 sep 2024

The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is part of the plan to expand outside Bucharest. more

19 sep 2024

Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state aid via Construct Plus government scheme. The group more

19 sep 2024

Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company plans to upgrade and boost production and storage more

19 sep 2024

Pharmaceutical producer Zentiva SA (SCD.RO) on Thursday notified the Bucharest Stock Exchange of the decision of the Financial Supervisory Authority (ASF) to approve the tender offer for its shares more

18 sep 2024

Dan Timotin, a Romanian executive with 13 years of experience in the Coca-Cola system, took over as general manager of Coca-Cola HBC Egypt last month, according to his LinkedIn profile. more

18 sep 2024

Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return to US telecom giant Liberty Global as of October 1, more

18 sep 2024

Real estate developer One United Properties (ONE.RO) on Wednesday notified the Bucharest Stock Exchange that Vinci Ver Holding, the special purpose vehicle of Victor Capitanu, one of the two founders, more

18 sep 2024

Andreas STIHL Power Tools SRL, the local subsidiary of Andreas STIHL AG&Co. KG. of Germany, has invested more than EUR21 million so far and created around 40 jobs at its new plant in the Eurobusiness more

18 sep 2024

Agroserv Mariuta (MILK.RO), a Romanian agribusiness and owner of the Laptarie cu Caimac dairy brand, posted RON59 million operating revenue in the first half of 2024, an increase of 1% on the year-ago more

18 sep 2024

CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are non-essential for the shipyard’s operation in view of more

17 sep 2024

Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is expanding operations in the country to Iasi, where it more

17 sep 2024

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, announced appointment of Marius Pricop as managing director as of September 2024. Pricop already holds the position of plant more

16 sep 2024

Automotive, farming and transportation electric wiring maker E-Cablaje, held by Italy’s Cable Company SPA and Lobogest SPA, posted RON76.7 million (EUR15.5 million) revenue in 2023, an increase of more

16 sep 2024

Canned food maker Prefera Foods held by entrepreneur Raul Ciurtin, on Monday notified the Bucharest Stock Exchange of having ended the first half of 2024 with RON1.83 million loss after having sold more

16 sep 2024

Telecommunications operator Digi Communications (DIGI.RO) announced that on September 16, its Romanian subsidiary issued a notice of full redemption of EUR450 million senior secured notes (2.5% more

16 sep 2024

Iulius Mall Suceava has begun an expansion process that will result in the largest retail area in the north of Romania, over 60,000 square meters, in an investment estimated at EUR40 million. more

12 sep 2024

eSky.ro, the Polish group's platform operating on the local market, is managed by the eSky Travel Search company, which is to be closed, and the platform will be operated by a legal entity in Poland. more

12 sep 2024

Mediapost Hit Mail Group, the biggest player in direct and relationship marketing controlled by a subsidiary of the French Post, saw its business grow by 3% in the first half of this year compared more

12 sep 2024

Fuchs Condimente Romania, part of the German group Fuchs, has invested EUR8.5 million in the expansion of the plant in Curtea de Arges and is investing another EUR5.5 million in machinery and more

12 sep 2024

Aggregate M&A deal values in Europe increased by 31% to EUR439 billion, while the transaction volumes were down by 8% over the same period compared with the first half of 2023, shows the Outlook more

11 sep 2024

Dacia’s Mioveni plant is currently assembling Duster and Jogger, while Sandero and Sandero Stepway are being assembled in Morocco. The Romanian plant will start assembling compact the SUV Bigster more

11 sep 2024

Private equity firm SARMIS Capital, co-founded by Romanian executive Cezar Scarlat, who has extensive experience in private equity, has become a shareholder in the AEK-Deziclean Group. more