30 oct 2020

Romanian turbojet parts maker Turbomecanica Bucuresti (TBM.RO) on Friday reported a net profit of RON8.7 million for the first nine months of 2020, down 51% on the year, while its turnover decreased more

30 oct 2020

NN Group and the pension funds it manages have raised their holding in Romanian lender Banca Transilvania (TLV.RO) from 9.96% to 10.04%, the bank announced Friday. more

30 oct 2020

Romania's seasonally adjusted unemployment rate inched down to 5.2% in September from 5.3% in August, data from the country's statistics board showed Friday. more

29 oct 2020

Romania had a tax-to gross domestic product ratio of 26.8% in 2019, the second lowest level among European Union member states, ahead of Ireland (22.7%) and after Bulgaria (30.3%), Eurostat data more

29 oct 2020

Shareholders of SIF Oltenia (SIF5.RO) on Thursday rejected a plan for the repurchase of 26.2 million own shares, representing 5% of its share capital, in view of annulment and share capital more

29 oct 2020

The industrial space sector was the star of the real estate market this year and companies in retail and related services, namely logistics and delivery, were the most active investors, a market more

29 oct 2020

Horia Cardos, founder of Agroland, which operates a chain of 250 farming product stores, has opened the biggest store yet in Bucharest, following an investment of EUR150,000. more

29 oct 2020

Courier company Sameday, owned by online retailer eMag, has rented 2,100 square meters in TBM Industrial Park in Rudeni, near Bucharest. more

29 oct 2020

Wizz Air, the leading low-cost carrier in Central and Eastern Europe, inaugurated Thursday its new base in Bacau, Eastern Romania. more

29 oct 2020

Belgian real estate developer Liebrecht & wooD starts work in November on the first 94 houses in the residential project in Frumusani, near Bucharest. more

29 oct 2020

Telecom operator Orange Romania said Thursday it posted a turnover of EUR273.1 million in the third quarter, down 2.1% compared with the same period in 2019. more

29 oct 2020

Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview. more

29 oct 2020

Polish footwear retailer CCC, the second largest on the Romanian footwear market, opened a new store in the AFI Brasov shopping center, its 76th in Romania. more

29 oct 2020

OMV Petrom (SNP.RO), the biggest oil and gas company in Southeast Europe, on Thursday reported sales of RON15.1 billion for the first nine months of 2002, down 17% on the year, while net profit more

28 oct 2020

Coffee distributor Tchibo Coffee Service is acquiring Partener Coffee Services, which owns The Coffee Shop chain of cafes. The deal is being analyzed by the antitrust body. more

28 oct 2020

Otter Distribution, one of the largest players on the local footwear retail market, has expanded its network opening a Tezyo store and a Salamander store in AFI Brasov shopping center following an more

28 oct 2020

Housing prices, demand, supply and real estate deals recovered visibly in the third quarter of 2020 after the lifting of pandemic-related restrictions, a market report by Imobiliare.ro showed more

27 oct 2020

Romanian cosmetics brand Cupio, launched by Raluca and Razvan Stefanescu in 2012, reached a network of 18 stores after a recent opening in the AFI Brasov shopping center, opened this month. more

27 oct 2020

Management solutions and business process outsourcing service provider Sykes Enterprises Eastern Europe, part of the US-held Sykes group, is looking to hire 112 people at its office in Cluj-Napoca, more

27 oct 2020

Romania's finance ministry on Tuesday raised EUR1.647 billion, more than double its target, selling euro-denominated bonds maturing in November 2022 on the local market at an average yield of 0.39%, more

27 oct 2020

Real estate developer Iulius Group, owned by businessman Iulian Dascalu, has changed its plan for the tallest office building in Romania, under construction in the Iulius Town compound in Timisoara. more

27 oct 2020

Romania's general consolidated budget posted a deficit of RON67.27 billion, or 6.36% of the gross domestic product, in January-September, finance ministry data showed Tuesday. more

26 oct 2020

Construction material producer TeraPlast group said Monday it recorded a net profit of RON60.3 million in the first nine months of 2020, 80% higher on the year, while its turnover grew 14%, to RON816 more

26 oct 2020

Romanian investment fund Fondul Proprietatea (FP.RO) is seeking to launch a public tender offer to buy back maximum 165 million of its own shares and has engaged Swiss Capital S.A. together with more

26 oct 2020

Generics producer Terapia Cluj, owned by India's Sun Pharma, will have a new country manager starting November 1 – Bogdan Ungureanu, while CEO Dragos Damian will also be leading Sun Pharma's more