05.29.2023

Banca Transilvania, the biggest player in the local banking system, wants to grow only in Romania, with a focus on organic growth, without mulling foreign expansion. more

05.24.2023

Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2022 with about RON39 million (EUR7.8 million) revenue, 95% higher more

05.24.2023

Bicycle manufacturer Sport Mechanical Workshop in Timisoara, which works exclusively for sporting goods retailer Decathlon, ended last year with more than RON132 million revenue, an increase of 60% on more

05.24.2023

Germany’s Bosch ended fiscal 2022 with consolidated sales of RON2.5 billion (EUR512 million) in Romania, an increase of 4% on 2021, while investments made last year stood at RON410 million (some more

05.23.2023

The occupancy rate of Bucharest hotels stood at 62% in the first quarter of 2023, up 33% from the year-earlier period, and is just 5% below the 2019 level, placing Romania’s capital city second in more

05.23.2023

Life insurer Aegon Romania, part of international financial group Aegon, ended 2022 with a RON165.73 million gross underwritten premium volume, more than 8% higher than in 2021, and a 4.92% market more

05.23.2023

Romania in 2022 exported EUR2.6 billion worth of furniture, up 17% from the previous year, reveal data provided by the association of furniture manufacturers (APMR). more

05.22.2023

Fashion retailer H&M posted almost RON977 million sales in Romania in 2022, 15% higher than in 2021, the second year of the pandemic when there were still restrictions in force. Retail operated more

05.18.2023

Car access and authorization systems manufacturer Huf Romania, part of Germany’s Huf Group, posted about RON505.8 million (EUR102.5 million) revenue in 2022, a 53% increase year-on-year, ZF has more

05.16.2023

Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, posted RON116.8 million net profit in the first quarter of 2023, up from the mere RON1.04 million in the more

05.16.2023

Romania's gross domestic product (GDP) grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of 2022, flash estimates from the country’s more

05.15.2023

The European Commission believes Romania’s economy will see higher growth than expected and raised its real GDP growth forecast from 2.5% to 3.2% for 2023. more

05.11.2023

Galati-based builder Tancrad saw its revenue increase by 25% to RON364 million in 2022, the latest data on the Finance Ministry website show. The revenue returned to growth after the decline of 2021. more

05.10.2023

Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth is because of the expansion of the store chain, the more

05.10.2023

Romanian-held Tema Energy, a supplier of technology specializing in building data centers on its own, from design to delivery, installation, startup and maintenance and support services, expects to more

05.09.2023

Romania’s national commission for prognosis and statistics in its spring report revised downward its projection for the country’s inflation to 7.4% at the end of 2023 from a previous projection of more

05.08.2023

Footwear retailer Benvenuti posted RON30.8 million revenue in the first quarter of 2023, an increase of about 31% on the year-ago period, the retailer said. more

05.04.2023

Romania’s insurance market reached a gross underwritten premium volume of RON16.5 billion at the end of 2022, up 16% from 2021, with general insurance weighing 84%, meaning an underwritten premium more

04.27.2023

Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, increased its revenue by 14.3% to RON463.5 million in Romania in 2022, in a year with a record more

04.19.2023

Romania continues to rank 14th in the European Union by the number of new passenger cars registered in January-March, with 36,966 units, up 27.6% from the same period of 2022, in line with data more

04.19.2023

Steven van Rijswijk, ING Group CEO, says Romania is a good market, its economy has weathered previous and current crises well, and the Dutch group’s desire is to grow further on its banking market. more

04.19.2023

Motorola Mobility, part of China’s Lenovo Group, has constantly grown in Romania in the last few years, reaching 300,000 phone activations (phones purchased and activated by insertion of a SIM card) more

04.19.2023

The De’Longhi unit that handles import and wholesale of home appliances in Romania budgeted growth again in 2023, after a 9% increase in sales last year. more

04.12.2023

FOX Com Serv Distribution, the largest company of the Fox Group, ended 2022 with RON447 million (more than EUR90 million) revenue, an increase of 24% year-on-year, ZF has calculated from Finance more

04.06.2023

Zentiva (SCD.RO), the largest pharmaceutical company listed on the Bucharest Stock Exchange, though with a low free float of merely 4%, is aiming for net sales of RON856 million and RON101.7 million more