04.01.2024

Drugmaker Zentiva has budgeted net revenues of above RON1.1 billion in 2024, up 20% from 2023 level, which would mark the company’s joining the RON billionaires’ league. more

04.01.2024

Geological surveying company Prospectiuni Bucuresti, majority held by businessman Ovidiu Tender, has for 2024 budgeted RON250.8 million turnover, up 1.6% from 2023, and RON26.5 million gross profit, more

03.29.2024

The Board of Directors of the Electrica Group approved the consolidated value of the investment plan (CAPEX) for 2024, in the total amount of over RON1.12 billion, with RON878 million representing the more

03.27.2024

The Bucharest Stock Exchange, the operator of the Romanian capital market, has budgeted RON12.6 million net profit for this year, below the RON21.8 million profit of 2023, which was influenced by more

03.26.2024

Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, in 2024 targets, at a consolidated level, RON394.3 million operating revenue, RON49.2 million EBITDA and more

03.26.2024

Banca Transilvania, Romania’s largest lending institution by assets under management, has budgeted 20% higher net profit and a 10% asset increase for 2024. more

03.26.2024

Five-star hotel Radisson Blu of Cluj-Napoca, developed by Winners Park Invest, has for 2024 budgeted turnover similar with 2023 level, of EUR7.5 million, according to the company’s officials. more

03.25.2024

Real estate developer One United Properties estimates RON1.7 billion consolidated revenues, up 15% from the 2023 result, and RON525 million net profit, 17% above last year’s. more

03.25.2024

Sphere Franchise Group, which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, has budgeted two-digit increases for its main more

03.25.2024

Antibiotice Iasi, the biggest Romanian-held drug manufacturer, wants to reach RON104 million net profit in 2024, up 28% from 2023, in line with its income and expenses budget. more

02.14.2024

Romania's economy may accelerate in 2024 up to nearly 2.8%, driven by household expenditures and a gradual rebound in exports, while investment growth will remain solid, in line with an analysis by more

01.29.2024

Romanian state-owned oil transporter Conpet Ploiesti included in its 2024 revenues/expenses budget the sum of RON588.7 million for revenues, namely a 7.6% increase based on the 2023 estimated result. more

01.25.2024

Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66 billion, 41.7% lower, in line with the revenues and more

01.08.2024

Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interior design, construction and flooring Egger, has budgeted EUR25 million investments for this year to upgrade more

10.26.2023

Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billion (2.96% more

09.29.2023

Romania’s general consolidated budget posted a deficit of RON42.19 billion in January-August, 2023, or 2.65% of gross domestic product (GDP), as compared to a budget gap of RON32.98 billion (2.34% more

08.16.2023

Romania's Fiscal Council has revised its 2023 budget deficit projection upwards to over 6% of gross domestic product (GDP), in the absence of measures aimed at correcting the budget gap, as per data more

07.31.2023

Representatives of the Foreign Investors Council (FIC), an association that brings together the leading foreign-held investors in Romania, support the strategic, medium- and long-term approach to key more

07.26.2023

Romania’s general consolidated budget posted a deficit of RON37 billion in January-June 2023, or 2.3% of gross domestic product (GDP), higher by almost RON14 billion than the level recorded in the more

07.14.2023

The American Chamber of Commerce in Romania (AmCham Romania) calls on decision-makers to pursue transparency and a long-term vision in defining the measures to reduce the budget deficit. more

06.28.2023

Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared to a budget gap of RON21 billion in the same period more

05.24.2023

Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022. more

05.19.2023

Danube freight transporter Transport Trade Services (TTS.RO) has summoned its shareholders for June 19 to vote on acquiring 99.9% of the share capital of port operator Decirom for a price of EUR21.8 more

05.08.2023

Computer and electronics retailer Altex, the leader of the local market, has budgeted EUR30 million investments for this year, which will go mostly to buying land and building stores. The amount does more

04.28.2023

Romania’s general consolidated budget posted a deficit of RON22.75 billion in January-March 2023, or 1.42% of gross domestic product (GDP), the finance ministry said on Friday (April 28). more