09.04.2024

Local production of medicines covered 29% of drug sales in Romania in the first six months of 2024, an analysis by market research company Cegedim shows. more

11.24.2023

The Association for the Development of Local Entrepreneurship (ADAA) has received the Award of Excellence for supporting local entrepreneurship, from the Brasov Chamber of Commerce and Industry, more

09.04.2023

Mazars has appointed Catalina Calinescu and Lucian Dumitru as Outsourcing – HR & Payroll Partner, respectively as Tax Partner, to further strengthen the firm’s capabilities and expertise in key more

05.18.2023

Revolut, the fintech that operates as a bank on the basis of a European banking license for the time being, is set to open a branch in Romania in the first quarter of 2024, joining the other 32 banks more

01.26.2023

The biggest number of mergers and acquisitions of 2022 were clinched in the real estate field, with almost 60 of the 157 deals of above EUR5 million reported coming from this area, with a value of more

01.13.2023

Of the over 4.3 million square meters of offices in Romania, almost 730,000 are in the hands of four Romanian companies. more

01.14.2022

Carrefour, the third biggest player in Romania’s modern retail, with a 350-store network and overall turnover worth RON12.7 billion (EUR2.6 billion) in 2020, during the year procures fresh products more

09.06.2021

Real estate developer Iulius Group, held by Romanian businessman Iulian Dascalu, is launching the Go Local program intended for small entrepreneurs in the regions where the Group is present with its more

03.30.2021

The top 20 pharmaceutical companies by volume include just eight local producers which together produced 36.7% of the medicines that reached Romanian patients in 2020. more

11.30.2020

Romania has the lowest market share for its locally produced drugs in Central and Eastern Europe, as the „made in Romania” products only account for 8% of the medicine purchases of Romanian more

05.06.2020

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02.27.2017

Video camera manufacturer GoPro Inc. will open a software development and IT office in Bucharest on March 1 and plans to create up to 100 jobs, the company announced. more

01.27.2016

The value of local taxes paid by card rose 42% last year, to approximately RON250 million, due to the increase of online transactions by 74% and the expansion of the payment networks, according to the more

02.18.2015

The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft. more

02.12.2015

Almost 1 million hectoliters of wine are sold annually in modern retail networks, accounting for 40-50% in total volumes sold in Romania, according to a ZF estimate based on data from winemakers. more

01.13.2015

Romania’s furniture industry, mainly dominated by local entrepreneurs, advanced by around 10% in terms of production, exports and imports in 2014, while local sales posted a one-digit increase, more

12.25.2014

Brand has become a solid argument in end-consumers’ buying decision on the building materials market as well, a market that amounts to RON13 billion annually. While clients have started mainly more

11.26.2014

Around 30% of local employers maintain they will recruit as much as 10% more people next year, with hiring forecasts being in line with those of companies in the Czech Republic, reveals a recent KPMG more

11.03.2014

Around 60% of total products for sale on the shelves of supermarket chain Profi’s stores are “made in Romania” and the weight goes up to 80% in the case of dairy products, cold cuts and bakery more

10.27.2014

The five banks with local operations present on the list of the 25 European groups that failed the European Central Bank's stress and asset quality test manage assets worth above EUR10 billion on the more

09.30.2014

Local authorities were assigned an extra RON1.1 billion at this year's second budget revision and the Ministry of Public Administration and Regional Development got and extra RON400 million for more

09.17.2014

Banks in Romania had medium and long-term deposits set by non-residents, mostly forms of support from parent banks, worth the equivalent of EUR6.42 billion in late July, EUR150 million above the more

09.11.2014

On the local flight market it dominates, Romanian state-run airline Tarom saw traffic go down by 10% in the first half of this year against the same period of 2013. more

03.25.2014

The value of local taxes Romanians paid online by card tripled in January and February this year compared to the same period of 2013, reaching RON6.6 million, according to data reported by banks that more

11.14.2013

Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary. more