16 feb 2021

Romania should make a priority out of attracting higher volumes of foreign direct investment, by raising its absorption capacity and developing medium and long-term strategies considering the economic more

16 feb 2021

Romanians opted for job security in 2020 and staff turnover in Romanian companies decreased to an average rate of 17.2%, from 23.1% in 2019, amid the economic uncertainties brought by the Covid-19 more

16 feb 2021

Czech logistics developer and owner P3 transacted over 220,000 square meters of storage and office spaces in Romania in 2020, better than it initially expected. more

16 feb 2021

Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growth in the more

15 feb 2021

Swedish-held private medical service provider Medicover, present in Romania through Medicover clinics and the Synevo laboratory division, on Monday reported consolidated revenues of EUR128 million in more

15 feb 2021

Romania's finance ministry on Monday raised 1.2 billion lei (EUR246 million), double compared with its target, selling June 2026 bonds at an average yield of 2.3%, central bank data showed. more

15 feb 2021

Alfredo Seafood owners, the local Darmanescu family, have entered the controlled temperature logistics market with Frigonet Logistics in 2020, with an initial investment of EUR0.5 million. more

15 feb 2021

Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said Monday just 0.2% of new shares issued for a share capital increase were subscribed in the more

15 feb 2021

Mobile game developer Firebyte Games on Monday closed a private placement of shares in a share capital hike, raising RON4.93 million, BRK Financial Group said in a market report. more

15 feb 2021

Shareholders of aluminum producer Alro Slatina (ALR.RO) onm Monday reconfirmed Genoveva Nastase in the position of company financial manager for a new four-year mandate, the company said in a market more

15 feb 2021

Business leaders worldwide expect a return to pre-pandemic levels of profitability in 2021 (23%) or 2022 (44%), marking improved sentiment compared with estimates in March 2020, an EY survey across 52 more

15 feb 2021

FAN Courier, the leading courier services company in Romania, said Monday its turnover grew 27% in 2020, topping the RON1 billion mark, as the ongoing pandemic boosted demand for delivery services. more

15 feb 2021

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON78.2 billion at the end of January, RON3 billion higher compared with the end of 2020, more

15 feb 2021

Romanian construction material producer TeraPlast said Monday it will close the sale of its steel division to Kingspan Group on February 26 after clearing the last competition hurdle. more

15 feb 2021

Romania's current account balance posted a deficit of EUR10.98 billion in 2020, compared with a deficit of EUR10.48 billion in 2019, central bank data showed Monday. more

15 feb 2021

Startup Milluu, which developed a home renting app, seeks to raise EUR785,000 in a new financing round to fund growth on the local market and expand its property management services to Poland. more

15 feb 2021

Online retailer and manufacturer of mobile phones and gadgets iHunt Ploiesti (HUNT.RO) on Monday reported a net profit of RON6.15 million for 2020, nearly ten times higher compared with 2019. more

15 feb 2021

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, seeks to raise RON5 million from investors and/or by contracting credit facilities to more

15 feb 2021

The Cubix hotel in Brasov, central Romania, will join the Mercure network under a franchise agreement with French group Accor. more

15 feb 2021

Romanian state-owned power grid operator Transelectrica (TEL.RO) on Monday reported a net profit of RON114 million for 2020, up 18% on the year. more

12 feb 2021

Romania's financial supervisory authority has registered the securities related to the share capital increase of MedLife (M.RO), the leader of the private medical services market in Romania, the more

12 feb 2021

The pharmaceutical market in Romania grew 1.3% in 2020, to RON18 billion (EUR3.7 billion), while medication sales in volume stood 625 million packs, the same as in 2019, Cegedim research showed more

12 feb 2021

Retailer cora Romania, part of French-Belgian group Louis Delhaize, is launching its cora Urban convenience store format, tapping a retail segment that has seen increased activity amid more

12 feb 2021

Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold on more

12 feb 2021

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) on Friday reported a net profit of RON3.55 million for 2020, up 47.8% compared with 2019. more