09.13.2021

Car parts manufacturer Coindu Romania, part of Portuguese Coindu Group, reported a turnover of RON359.1 million (EUR74.5 million) for 2020, down 28% from nearly RON503.2 million (EUR106.1 million) in more

09.10.2021

Greek OTE Group announced that it finalized the acquisition of a 30% ownership stake in Telekom Romania Mobile Communications (TKRM), the former mobile telephony provider Cosmote Romania. more

09.08.2021

International rating agency Fitch has warned the collapse of Romania’s coalition government could disrupt fiscal consolidation efforts, which are key to resolving the Negative Outlook on Romania’s more

09.07.2021

PwC Romania on Tuesday announced that ten directors would be promoted within the company’s three service lines: Tax and Legal Consulting, Assurance and Advisory, starting October 1, 2021. more

09.07.2021

Swedish-held Medicover, the third largest private medical service provider in Romania, targets investments of EUR4 million in imaging centers in four large Romanian cities - Iasi, Constanta, Craiova more

09.06.2021

Euroins Romania, part of Bulgaria’s Eurohold group, reported 7% higher underwritten premiums in the first half of 2021, up to over RON720 million (289 million levs). more

09.03.2021

Roxana Maria Hidan, Deputy Chief Executive Officer of OTP Bank Romania, is taking over as head of the bank’s new Business Division, which includes the operating activities for private individual and more

09.01.2021

The volume of foreign trade between Romania and Germany saw a significant rebound in the first half of 2021, growing by 20.5% from the same period in 2020, up to EUR16.4 billion, per estimates by more

09.01.2021

E.ON Energie Romania has concluded partnerships in Romania, since 2018 to date, for the construction and turnkey of over 200 photovoltaic power plants for companies, with the total value of projects more

08.30.2021

Lender ING Bank Romania on Monday said its total revenue grew 6% on the year, to RON1.1 billion, in the first half of 2021, while its gross profit grew 19% in the same period, to RON441 million. more

08.27.2021

Romania ranks sixth among European Union Member States, with a 1.7% ratio of general government expenditure on defense to GDP in 2019, Eurostat, the statistical office of the European Union, said on more

08.27.2021

Greek-owned Alpha Bank Romania, one of the top ten lenders in Romania, reported a pre-tax profit of EUR10.6 million for the first half of 2021, higher than RON2.1 million in the same period in 2020, more

08.26.2021

Romania’s government approved in its latest meeting a memorandum of understanding (MoU) proposed by the Ministry of Investments and European Projects for the collaboration between the local more

08.25.2021

Romania was awarded the “exceptional” rating for its crops in 2021. Agriculture ministry data show that Romanian farmers obtained record wheat, barley and rapeseed crops this year and very good more

08.24.2021

Deloitte Romania expands its management team by promoting four employees to the position of directors in the risk advisory, tax advisory, financial advisory and audit and assurance practices, more

08.24.2021

Brick Romania, a local DIY and home improvement retailer based in Constanta, will be developing a network of regional centers to ensure supply to small localities. more

08.24.2021

Simtel Team (SMTL.RO), a Romanian engineering and technology company, has built for Kaufland Romania, one of the largest retail companies in Europe, two power plants which entailed the installation of more

08.23.2021

Credit Europe Bank Romania on Monday reported a net profit of RON20.5 million in the first six months of 2021, up 35.23% from the year-earlier period, and revenue of RON112 million, 10% lower on the more

08.06.2021

Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, on Friday said it ended the first half of 2021 with operating revenue of EUR19 million, down 7.2% from the year-earlier more

08.05.2021

Telekom Romania Group on Thursday said its EBITDA (earnings before interest, taxes, depreciation, and amortization) adjusted under IFRS-16 grew 14.5% year-over-year to EUR41.4 million, in the second more

08.05.2021

Euroins Romania is summoning its shareholders on September 15, 2021 to vote on a new share capital increase, of over RON120 million, after two other consecutive capital increases carried out recently, more

08.05.2021

Concrete manufacturer Readymix Romania reported a net profit of over RON15.4 million (EUR3.2 million) in 2020, up 19% from nearly RON13 million (EUR2.7 million) in 2019, per public data. more

08.05.2021

Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, reported a turnover of RON514.5 million (EUR106.7 million) in 2020, down more

08.04.2021

BRD Groupe Societe Generale and Garanti BBVA Romania have granted a loan of EUR120 million to the company NE Property BV, entirely held by NEPI Rockcastle. more

08.03.2021

The mergers and acquisitions (M&A) market in Romania totaled EUR1.8 billion in the first half of 2021, for 83 transactions announced, a PwC Romania analysis for Romania’s M&A market showed Tuesday. more