04.13.2021

Polish private equity fund Innova Capital has completed the acquisition of UK PayPoint’s Romanian divisions, PayPoint Services SRL and Payzone SA, six months from the start of the process, and the more

04.13.2021

ING Bank Romania has granted a credit facility of RON10 million to Agrinvest Credit IFN to increase lending for small and mid-sized farmers and to cover the company’s working capital needs in 2021. more

04.08.2021

The stores in Romania and Cyprus of Greek-held toy retailer Jumbo doubled their sales in the first quarter of 2021, compared with the same period of 2020. more

04.08.2021

Pharmaceutical company USP, active in the over-the-counter (OTC) medicines and food supplements markets, enters the Romanian market in April, it said in a press release Thursday. more

04.07.2021

Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, is going to install 25 fast recharging stations for electric vehicles within several shopping centers in more

04.07.2021

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04.06.2021

The International Monetary Fund (IMF) on Tuesday revised upwards its forecast on Romania’s economic growth to 6% in 2021, from a previous projection of 4.6% in its October 2020 report. more

04.02.2021

PwC Romania partner Mihai Anita will be running the company’s Audit Services Department as of July, 2021. more

04.01.2021

Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Thursday in a stock market report that it had signed a contract worth RON383 million to provide electricity to Engie Romania between more

03.31.2021

The World Bank expects Romania's economy to grow 4.3% in 2021 and 4.1% in 2022, after contracting 3.9% 2020, while the inflation is expected to grow to 3%, compared with 2.6% in 2020, per a report on more

03.31.2021

Audit and consulting firm PwC Romania on Wednesday said Dinu Bumbacea would run its local operations starting July 1, 2021. more

03.25.2021

Huawei Romania want to employ over 200 people in 2021 for various IT&C positions at its headquarters and services centers in Romania, of whom approximately 20% will be from the new generation of more

03.25.2021

Nearly 70% of analysts polled by CFA Romania expect Romania's inflation rate to grow to an average of 3.29% over the next 12 months, and over 87% estimate the leu will depreciate against the euro, to more

03.24.2021

Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group with global revenue of EUR12.6 billion, plans to inaugurate in 2021 a new production unit in Brasov (central Romania), which more

03.24.2021

Banca Transilvania has revised its short and medium-term projections for Romania’s economy, expecting the country’s gross domestic product (GDP) to grow by 5% in 2021, productive investments by more

03.22.2021

Around 97% of Romanians use smartphones and over 40% have been using their current phone for at least two years, telecom operator Telekom Romania said Monday, citing the Hootsuite Digital 2021 report. more

03.22.2021

Lender ING Bank Romania on Monday said its revenues grew 3% in 2020, to RON2.1 billion, but it pre-tax profit dropped 37% on the year, to RON574 million. more

03.18.2021

Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809 million of new financing from the European Investment Bank and more

03.15.2021

German-held windows solutions producer Rehau Romania will invest approximately EUR10 million in Sibiu County, in the construction of a regional hub, in line with its development plans. more

03.15.2021

Over 24,000 housing units are currently under construction in capital Bucharest and its surroundings, of which up to 20,000 could be delivered in 2021, depending on whether real estate developers will more

03.11.2021

German automotive group Continental invested over EUR150 million in its Romanian operations in 2020 and plans a similar investment budget for 2021. more

03.03.2021

Germany’s REHAU has appointed a new country manager in Romania, Alexandru Oprea. more

03.01.2021

ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics park CTPark Bucharest, operated by CTP, the largest more

02.26.2021

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estimates a more

02.26.2021

Telekom Romania Group on Friday reported consolidated revenue of EUR951 million in 2020, down 3% compared with 2019, while its EBITDA adjusted to IFRS16 grew 6.6%, to EUR150.7 million, marking a more