16 sep 2024

After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is also looking at the local market to invest in the hotel more

14 feb 2024

The European Investment Fund (EIF) has so far granted financing worth EUR125 million and by December 31, 2025 has available the rest up to the EUR400 million it set off with, Roger Havenith, the more

26 ian 2024

Constructii Erbasu, a company owned by entrepreneur Cristian Erbasu, in 2023 earmarked around EUR12 million for investments, with part of the money being aimed at production expansion and another one more

2 nov 2023

“My biggest dream is for us to be present with Alexandrion Group products in every country of the world and I know I will accomplish it. We already sell our products in more than 50 countries”. more

9 oct 2023

Anglo-Dutch group Unilever has announced it will close, by end-2024, the powder detergent plant of Ploiesti, where it manufactured Romanian brand Dero, with the activity set to be relocated. more

26 iul 2023

UAE’s Al Dahra is wooing businessman Ioan Popa for a potential acquisition of Transavia after China’s Smithfield withdrew from the process, according to several market sources. more

13 iul 2023

Investment giants with assets of thousand billion dollars such as US fund BlackRock, Goldman Sachs, one of the biggest investment banks in the US, and the sovereign wealth fund of Singapore, each more

14 oct 2022

The private group Monza, controlled by Italy’s Policlinico di Monza, which has been operating the largest private cardiology hospital in Romania for over a decade, is to sell the hospital it more

14 sep 2022

Autonom Services, a mobility network controlled by brothers Marius and Dan Stefan, expects to reach EUR100 million turnover by yearend and for 2023 projects two-digit growth. more

1 sep 2022

Chimcomplex, Romania’s largest chemical plant, has several investment projects for its “green” transformation. Its total 2022 investment budget stands at RON590.6 million. more

7 iul 2022

One of the most powerful investment bankers in Romania, Doru Lionachescu, currently president of BT Capital Partners board, has teamed up with the founders of One United, Victor Capitanu and Andrei more

7 sep 2021

BMW’s EUR1 billion investment in a plant in Debrecen, Hungary, will attract new investments in automotive component manufacturing in Romania, as well. The first two such investments went to plants more

26 iul 2019

Charles de Gaulle Plaza office building in Piata Aviatorilor in Bucharest, held by Germany’s GLL Real Estate, is up for sale, real estate market sources say. GLL Real Estate is part of Australian more

16 apr 2019

Austria’s Raiffeisen group has renewed Steven van Groningen term in office as president and CEO of Raiffeisen Bank Romania until 2023. Steven van Groningen, 60, has been running Raiffeisen Bank more

22 mar 2019

Romanian private capital companies saw 6.7% profitability in 2017, calculated as a ratio of their net profit and revenue, reveals the 4th edition of „Capitalul privat romanesc” (Romanian private more

20 dec 2018

The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell into more

9 nov 2018

The state-run energy sector crown jewels are now assessing their reserves as the government wants additional dividends from them. Meanwhile they could see their investment budgets hurt, while stock more

4 mai 2018

United States Vice President Mike Pence will be in Romania this fall for the “Three Seas Initiative” (the Baltic, Adriatic and Black Sea Initiative), regional summit, signaling US involvement in more

22 mar 2018

ArcelorMittal group could sell the steel mill in Galati (the former Sidex), to offset the takeover of Ilva (Italy), the largest steel plant in Europe, Reuters reports, noting the decision to sell more

30 ian 2018

Romanian private companies reached 46% market share in 2016, down 1% on 2015. Foreign companies account for 50%, according to the „Romanian private capital” survey of ZF and PIAROM, the more

30 oct 2017

Tension between government and the business sector is mounting alarmingly fast after the Finance Ministry announced significant changes of the fiscal legislation at the end of last week: 1% tax on more

2 oct 2017

If the public authorities in Romania are interested to get infrastructure work funded, they must come up with good projects; so far, they have only been weak, Werner Hoyer, president of the European more

1 mai 2017

The initial public offering of telecom, Internet and cable TV operator RCS & RDS has been fully subscribed on the institutional investor segment and 43% subscribed on the retail investor segment in more

16 feb 2017

Romanian privately-held companies were three times more profitable than multinationals in 2015, with a net result (profits minus losses) of 27 billion lei (EUR5.99 billion) and RON551 billion revenue, more

9 ian 2017

The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross average more