05.18.2021

Telecom operator Vodafone Romania on Tuesday reported total services revenue of EUR801 million for the fiscal year 2020/2021 ended March 31, 1.5% lower compared with the previous fiscal year. more

05.17.2021

Pirelli Tyres Romania, the local subsidiary of Italian giant Pirelli, on Monday reported a turnover of RON2.53 billion (EUR525.7 million) for 2020, down nearly 9% on the year, per calculations by more

05.17.2021

Corteva (CTVA), leader on the seeds and agricultural plants protection market, which operates in Romania, has signed a pre-lease contract for an area of 23,000 square meters of industrial space in a more

05.17.2021

Romania's competition authority said Monday it has green-lit the acquisition of insurance company Gothaer Asigurari Reasigurari by Allianz-Tiriac, saying the deal didn't pose any competition hurdles. more

05.17.2021

Deloitte Romania will relocate its operations in western Romania to the ISHO Offices project in Timisoara at the end of May. more

05.17.2021

Danone Romania, the leader of the Romanian yogurt market, has invested some EUR11 million in local milk production and in boosting the capacity of its plant in Bucharest since 2019, its officials say. more

05.14.2021

McCann Worldgroup Romania will relocate its head office to the One Tower office building in the second quarter of 2021, which was developed by One United Properties in Bucharest’s Floreasca more

05.12.2021

Telekom Romania Group on Wednesday reported a 2% increase in the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) adjusted under the IFRS-16, to EUR34.5 million, on the year in more

05.12.2021

The European Bank for Reconstruction and Development (EBRD) has invested RON53 million (the equivalent of EUR11 million) in a senior preferred green bond issued by Raiffeisen Bank Romania, a more

05.10.2021

Daniel Ortiz, former Head of Business-to-Consumer (B2C) Iberia, Endesa X, was appointed at the beginning of May as general manager of Enel X Romania, the company announced Monday. more

05.07.2021

OTP Bank Romania, the local subsidiary of the largest banking group in Hungary, reported a consolidated profit after tax of RON7 million in the first quarter of 2021, versus a loss of RON11 million in more

05.07.2021

CEO Vodafone Albania, has been appointed Vodafone Romania’s CEO, effective July 1, 2021, and will report to Serpil Timuray, CEO Europe Cluster, the company announced Friday. more

05.06.2021

Marius Chiriac, the former coordinator of Enel X Romania, was appointed at the beginning of May as general manager of Enel Energie and Enel Energie Muntenia, companies that hold together the largest more

04.27.2021

Romania's competition authority said Tuesday it has authorized the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania. more

04.27.2021

AFI Europe Romania has started in April renovation works for the common areas within the AFI Lakeview office building, which was acquired from South-African investment fund NEPI-Rockcastle in 2020; more

04.22.2021

Sugar producer Tereos Romania, the local division of French giant Tereos, had a turnover of nearly RON158.8 million (some EUR33 million) in 2020, down 12% on the year, per calculations by Ziarul more

04.22.2021

Telecom operator Orange Romania on Thursday reported a turnover of EUR264 million for the first quarter of 2021, 2.5% higher compared with the same period last year. more

04.22.2021

CFA Romania analysts see the Romanian leu averaging 4.95 units to the euro over the next 6 months and 4.99 over the 12 month-horizon, from its current level of over 4.92 units to the euro. more

04.21.2021

Irish cement manufacturer CRH is changing the name of its Romanian division, CRH Ciment Romania, to Romcim starting May 5, 2021. more

04.20.2021

Life insurance company Aegon Romania, part of Dutch group Aegon, had underwritings of RON134.5 million in 2020, up 13% on the year. more

04.19.2021

The mergers and acquisitions market in Romania decreased 26% on the year in volume in the first quarter of 2021, with just 42 transactions announced compared with 53 transactions in the same period more

04.19.2021

Standard & Poor's Global Ratings has revised the outlook on Romania's sovereign rating to stable from negative due to decreasing fiscal risks, while maintaining the rating at BBB-/A-3. more

04.15.2021

Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR493,8 million in Romania in more

04.14.2021

ENGIE Romania, the largest natural gas distributor in Romania, ended 2020 with a turnover of EUR1.54 billion, up 7% on the year, per data from the annual financial report of the utilities group. more

04.13.2021

Italy’s UniCredit Group, which holds the fifth largest bank on the Romanian market by assets, has approved the appointment of Sorin Dragulin to the position of Chief Executive Officer (CEO) of more