07.23.2024

Private lending in Romania went up 6.7% to RON400.6 billion in June 2024 compared with June 2023, central bank data showed on Tuesday (July 23, 2024). more

07.22.2024

Car door handle systems and lock sets manufacturer Huf Romania, part of Germany’s Huf Group, posted RON683.4 million (EUR138.2 million) revenue in 2023, up 35.1% from the previous year’s around more

07.22.2024

Vimercati East Europe, which makes electromechanical and electronic components in a plant in Bacau County, posted RON360.8 million (some EUR73 million) revenue in 2023, an increase of about 10% on more

07.18.2024

Europack Media, a Constanta-based company that makes wet wipes, ended 2023 with RON82.2 million, an increase of 8.5% on 2022. Net profit went up, as well, to RON8.3 million from RON7.7 million, more

07.18.2024

Grand Plaza Hotel, which manages the five-star Sheraton Hotel in Bucharest, ended last year with RON52.8 million revenue, an increase of 21% on the previous year and RON1 million net profit, Finance more

07.16.2024

Paver manufacturer Symmetrica (Suceava County) posted more than RON150 million (some EUR30 million) revenue in the first half, an increase of 40% compared with the first half of 2023, as a result of more

07.15.2024

Cartofisserie, a Romanian-held fast-food restaurant chain established by the founders of the Delaco dairy brand, ended 2023 with RON100 million sales, an increase of 50% on the previous year, Finance more

07.15.2024

Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6 million), in 2023 compared with 2022., Finance more

07.15.2024

Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP from 48.8% of the GDP at the end of 2023, above the more

07.12.2024

Arobs representatives will continue to grow the group via acquisitions, but also through organic expansion, Voicu Oprean, Arobs CEO, told ZF. more

07.10.2024

Heineken Romania, the second-largest player on the local beer market, ended 2023 with RON1.7 billion revenue, up 13% from the previous year, Finance Ministry data show. more

07.10.2024

PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in 2022, while this category’s turnover rose by EUR5.2 more

07.09.2024

ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, posted RON694.1 million revenue in 2023, an increase more

07.08.2024

Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to 0.5% from 0.1% estimated in the May report. more

07.08.2024

The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion in May and by 12.2% since the beginning of the year. more

07.08.2024

Maspex Romania, a producer of beverages, snacks and foods, part of Poland’s Maspex, has budgeted 7% growth in revenue this year, after having posted 12% growth to RON1.153 billion in 2023. more

07.02.2024

Global fintech Revolut saw its retail client base go up by 13% in the first six months of 2024 and will shortly reach the 4 million client threshold. more

06.27.2024

Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, down from more

06.25.2024

Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6% increase and foreign currency ones a 1.6% advance, in more

06.18.2024

UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to scale up its local business. more

06.17.2024

Deloitte Tehnologie SRL, the IT services center the consulting and auditing company opened in Bucharest in 2016, saw its revenue growth pace abruptly slow down in 2023, following six double-digit more

06.17.2024

While in early 2020 Romania had just 271 prosumers, this exclusivist club has now turned into a significant player in the local energy field. Thus, at end-March 2024, Romania had over 121,000 more

06.13.2024

Electronic components manufacturer Plexus Services Ro, the local subsidiary of the US group Plexus, posted RON1.484 billion (EUR300.1 million) revenue last year, up 36.2% compared with the previous more

06.12.2024

Ursus Breweries, the largest brewer in Romania, ended 2023 with RON2.67 billion revenue, up 17% from the previous year, Finance Ministry data show. more

06.07.2024

Romania's economy inched up 0.1%, in unadjusted data, and grew by 1.8% In seasonally adjusted data, in the first quarter of 2024 compared to the same period of 2023, in line with provisional (1) more