10 nov 2022

The European EIT InnoEnergy Group is to become a shareholder of Prime Batteries Technology in Ilfov County, its representatives announced in Brussels on Thursday. more

8 sep 2022

Romania’s economy is likely to growth almost 4.5 times in the next 40 years, said the representatives of the Foreign Investors Council (FIC) at an event organized by the council. The process can be more

25 aug 2022

The revenues of the general consolidated budget stood at RON258 billion in January-July 2022, an increase of 22% on the year-ago period. Expenses stood at RON285 billion, an increase of 16%, a higher more

22 iun 2022

Azomures, the largest natural gas consumer in Romania and the main fertilizer producer, will temporarily suspend production of ammonia due to natural gas prices, the company said in a press release. more

28 apr 2022

Romania’s National Commission for Strategy and Prognosis (CNSP) has published the new economic growth forecast for 2022. The new economic growth the government expects is 2.9% instead of the 4.3% in more

13 apr 2022

Liberty Galati, formerly Sidex, produced a record amount of steel products in Galati in 2021, company representatives announced. more

1 apr 2022

IFRS means a better, truer and more complete view of financial reporting. But the transition is a complex and resource-intensive process. more

10 mar 2022

The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says more

3 mar 2022

Dragos Damian, CEO of one of Romania’s major drug makers, Terapia Cluj, says the company plans to carry out investments worth EUR5.5-5.8 million in Romania. more

23 feb 2022

The plan of NuScale, which will make the small modular nuclear reactors (SMR) for Romania, is to assemble them in a plant, and one such plant could be in Romania, CEO John Hopkins said at the ZF Power more

16 feb 2022

International freight forwarding business International Alexander ended last year with EUR200 million revenue, Loredana Apreutese, general manager of International Alexander and vice president of more

4 feb 2022

Cosmin Carstea, CEO of Dubai Ports (DP) Logistics Romannia and Dubai Ports Constanta, said DP Romania is set to invest in a multimodal terminal in Aiud, due to be connected via direct trains to more

3 feb 2022

Valer Hancas, communications and corporate affairs manager at Kaufland Romania, says the company has an investment budget of at least EUR350 million for 2022, with the money aimed at expansion and more

13 ian 2022

Virgil Mandru, owner of wine maker Tohani, said the company’s investment budget amounts to at least EUR9 million in 2022, aimed at winery retooling and green power. more

6 ian 2022

Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023. more

6 ian 2022

Laura Teposu, CEO of Libris, a major player on Romania’s book market, says it’s very hard at this moment to budget for a construction amid soaring raw material prices. Her statement comes as more

31 dec 2021

The big bets for Romania’s economy in 2022 are related to the 4.6% economic growth rate the government is banking on and on which it built the 2022 state budget. Revenues are expected to grow 13% more

7 dec 2021

The Italian group Beltrame, which also owns Donalam Calarasi steel mill, and Liberty Steel, which also owns Liberty Galati (formerly Sidex), have submitted bids for the assets of the special steel more

6 dec 2021

Daniel Popa, country manager of Reynaers, a producer of aluminum systems for the constructions industry, said the company would open two new showrooms in Brasov and Constanta in 2022 after having more

6 dec 2021

Jan Demeyere, co-founder of Speedwell, one of Romania’s most dynamic real estate developers, said the company has Iasi, Sibiu and Brasov, with a good life quality, on its investment radar. more

9 nov 2021

A new hotel of the Double Tree chain will open in Brasov in 2023. The hotel will have a capacity of 150 rooms and require EUR21 million investment, Mircea Draghici, managing director of ESH more

15 oct 2021

Romania needs to invest EUR23 billion in the energy sector to comply with the Integrated National Energy and Climate Plan (INECP) as undertaken before the European Commission. more

17 sep 2021

After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non-housing more

27 aug 2021

Donalam stakeholder AFV Beltrame Group, a major European producer of steel bars and other special steels, has announced a EUR200 million investment in a reinforcing steel and wire rod production unit more

23 aug 2021

The price of bread in Romania is almost half the European average, more exactly at 56%, in line with Eurostat data. more