19 nov 2020

Romania's government has approved a memorandum to include EUR1.3 billion state aid for the restructuring of energy holding CE Oltenia in the state's budget policies for the period 2021-2025. more

18 nov 2020

Romania's national strategy and forecast commission has revised its 2020 GDP contraction estimate to 4.2% from a previous projection of 3.8% and sees the economy rebounding with 4.5% GDP growth in more

18 nov 2020

Romania's government is revising its budget deficit target to 9.1% for 2020 at an upcoming budget revision, finance minister Florin Citu said Wednesday. more

18 nov 2020

Electronics retailer Altex opens a new store on November 19 in Deva, Hunedoara county, in a company-owned space, following an investment of EUR5 million. more

18 nov 2020

Romanians bought RON72.5 million (EUR15 million) worth of dermo-cosmetics in pharmacies in the third quarter of 2020, down 0.5% compared with the same period last year but up 24% compared with the more

18 nov 2020

OMV Petrom (SNP.RO), the largest energy company in Southeastern Europe, has invested approximately EUR21 million at Petrobrazi refinery to raise bio-blending capacity and improve infrastructure for more

17 nov 2020

Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gradually more

17 nov 2020

Real estate developer Impact Developer&Contractor (IMP.RO) on Tuesday reported a net profit of RON13 million for the first nine months of 2020, down 28% on the year. more

17 nov 2020

Private equity fund Morphosis Capital Fund I announced Tuesday it was investing in Romanian dental clinic chain Dr. Leahu. Clinics owner Implant Expert DSO transfers a minority stake to Morphosis in more

17 nov 2020

The business services industry in Romania had 131,000 employees in 2020, the same as in 2019, and generated revenues of EUR4.5 billion, according to a survey by Romania Business Service Leaders more

17 nov 2020

Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported Tuesday a net profit of RON5.98 million for the first nine months of 2020, up 2% on the year. more

17 nov 2020

Rompetrol majority holder KMG International, which owns the Petromidia refinery, announced Tuesday it intends to sell a range of non-core assets in Romania. more

17 nov 2020

Real estate developer Impact Developer&Contractor (IMP.RO) plans to sell corporate bonds worth EUR6 million, with the possibility of increasing the amount to EUR15 million, via private placement. more

16 nov 2020

Romania's finance ministry on Monday raised 342.5 million lei (EUR70.3 million), out of RON400 million planned, selling bonds maturing in October 2034 at an average yield of 3.65%, central bank data more

16 nov 2020

The COVID-19 pandemic caused half of Romanian drivers (50.7%) to change their plans to buy a car and choose a cheaper car or postpone the purchase, according to a EY survey on car buying habits, more

16 nov 2020

CTP, the largest developer and administrator of industrial and logistics parks in Romania and Central and Eastern Europe (CEE), has acquired 95,000 square meters of logistical buildings from more

16 nov 2020

Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first nine months of 2020 with a turnover of RON2.8 billion, down 16% on the year, and a more

16 nov 2020

Telecom operator Vodafone Romania on Monday reported total services revenue of EUR195.1 million for the third quarter of 2020, down 2.3% compared with the same period last year. more

16 nov 2020

MedLife (M.RO), the leader of the private medical services market in Romania, summoned shareholders for Dec 15 to approve raising the company's share capital from RON5.5 million to around RON33 more

16 nov 2020

Romanians bought 614 million packs of medicines in the period October 2019 - September 2020, down 2.1% on the year, Cegedim's Pharma & Hospital Report showed Monday. more

16 nov 2020

TeraPlast Group (TRP.RO), the largest Romanian construction materials manufacturer, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county, a project totaling more

16 nov 2020

Kaufland Romania, the local division of German retailer Kaufland, said Monday it will grant bonuses to employees totaling EUR1 million. more

16 nov 2020

Winemaker Purcari Wineries (WINE.RO) reported revenues of RON53.4 million for the third quarter, up 5% on the year, and a net profit of RON10 million, down 18%. more

13 nov 2020

Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, on Friday reported a net loss of $156.2 million for the first nine months of 2020, compared with a net more

13 nov 2020

Individual investors bought RON500 million worth of Fidelis government bonds for the general population in the first week of the offer running until November 27, brokers' data showed. more