03.27.2023

Sphera Group, the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, estimates restaurant sales will top EUR320 million in 2023, up 21% from 2022, while normalized EBITDA more

03.22.2023

Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers and anticipate their spending patterns through a more

03.20.2023

OMV Petrom (SNP.RO), the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022, compared with RON55 billion in 2022 and the net profit should reach RON3.9 billion compared more

03.08.2023

ROCA Industry (ROC1.RO), the first Romanian holding company of construction material makers, launched by ROCA Investments, notified Bucharest Stock Exchange investors that it expected RON18.3 million more

02.22.2023

Car battery manufacturer Rombat in Bistrita, controlled by the South African group Metair, will allocate EUR10 million for investments this year, mainly for the installation of a semi-automatic line more

02.09.2023

More than half (56%) of Romania managers and entrepreneurs have hiked the sums earmarked for investments in 2023 against 2022, while 27% of them have kept them unchanged, reveals ASEBUSS Investment more

02.09.2023

PORR Construct, part of the Austrian group of the same name, has budgeted investments of more than EUR10 million in the Romanian market for 2023. more

01.30.2023

Romania’s consolidated budget posted RON81 billion deficit in 2022, higher than the RON80 billion of 2021, Finance Ministry data show. more

01.19.2023

FAN Courier, the courier market leader, has budgeted investments of EUR20 million this year. more

12.28.2022

Romania’s general consolidated budget posted a deficit of RON58.70 billion in the first eleven months of 2022, Finance Ministry data showed. more

12.27.2022

The consolidated budget revenue growth slowed down in November, the budget execution report of the Finance Ministry shows. more

11.28.2022

In the context of the 2023 state budget planning, AmCham Romania reiterates, as every year, the importance of fundamental principles that must guide this process. more

08.25.2022

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

07.13.2022

Pharmaceutical wholesaler Ropharma Logistic, a business that emerged in 2014 after large pharmacy chains were forced to separate distribution from retail, has grown steadily in recent years and plans more

06.27.2022

Romania’s general consolidated budget posted RON20.90 billion deficit in the first five months of 2022, lower than the RON26.18 billion level reported in the year-ago period, in line with finance more

06.10.2022

The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domestic more

06.02.2022

British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity more

05.25.2022

Romania’s general consolidated budget posted RON16.33 billion deficit in the first four months of 2022, lower than the RON20.70 billion level reported in the year-ago period, in line with finance more

05.11.2022

Tobacco company Philip Morris International (PMI) on Wednesday said the sales of Philip Morris products on the Romanian market generated RON1.9 billion in excise taxes and RON0.6 billion in more

04.27.2022

Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday. more

04.13.2022

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and more

04.11.2022

Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interiors, construction and flooring Egger, has budgeted an investment program of about EUR15 million for this more

04.11.2022

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04.05.2022

MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year. more

03.31.2022

Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate RON2.1 billion net profit this year, 18% above the 2021 gain, as it projects rising revenues more