10.08.2021

German-owned discount store chain Penny aims to have 60% of products sold in Romania manufactured and processed in Romania by 2022, according to the company’s representatives. more

09.20.2021

Romanian executive Marius Dorner will become global subsidiaries group head of Citi’s Russia, Ukraine and Kazakhstan (RUK) cluster and of Citi Russia on November 1, 2021, subject to approval by the more

07.08.2021

Grocery retailer Mega Image has appointed Romanian executive Razvan Munteanu chief financial officer, replacing Hadewych Vermunt, who will be joining Delhaize Le Lion, Belgium, on a similar position. more

05.27.2021

The Kazakh-Romanian Energy Investment Fund has launched the construction of a cogeneration plant on the Petromidia platform, an investment amounting to around $148 million, it said in a press release more

05.27.2021

Bogdan Neacsu, Chief Executive Officer of state-run lender CEC Bank, was elected President of the Romanian Banking Association Thursday morning. more

04.14.2021

Dragos Petrescu, the founder of City Grill restaurant group, has taken over the management of the Romanian Business Leaders (RBL) organization, which brings together over 500 Romanian entrepreneurs, more

04.02.2021

Belgian investor Mitiska Reim Group, specialized in developing shopping centers, has obtained a loan of EUR123 million to refinance its entire portfolio in Romania. more

03.31.2021

Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, will invest EUR60 million in modernizing the production capacities of its factory in Romania. more

03.25.2021

The combined value of Romania’s top 50 brands declined 3.7% in 2020, to EUR5.6 billion, amid global uncertainty caused by pandemic, but was almost 50% higher than in 2017, when the first Brand more

03.09.2021

Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from a loss of more

02.18.2021

French Carrefour Group has announced sales of EUR2.3 billion for its Romanian store chain in 2020, up 2.1% on the year, for similar activities, per a financial report released Thursday. more

01.19.2021

Dragos Constantinescu, head of URSUS Breweries, was appointed President of the Romanian Brewers Association. more

01.08.2021

The transaction between Czech energy group CEZ and Australia’s Macquarie Infrastructure and Real Assets (MIRA) is now awaiting approval only from Romania’s Supreme Council of National Defense more

12.23.2020

Romania's Competition Council said Wednesday it was analyzing the deal whereby Romanian Business Consult (RBC), the largest integrator of IT solutions for the food and retail industry, plans to more

12.03.2020

Insurance companies Groupama Asigurari, Uniqa Asigurari, Uniqa Asigurari de Viata and the Pool of Insurance against Natural Disasters (PAID) Romania have established the Romanian Employers Association more

11.20.2020

The European Commission announced Friday it has approved a EUR12.4 million scheme aimed at supporting Romanian winemakers affected by the coronavirus pandemic. more

10.23.2020

Czech energy group CEZ announced Friday it has reached an agreement to sell its Romanian assets to funds managed by Macquarie Infrastructure and Real Assets (MIRA). more

10.21.2020

UK’s PayPoint, operator of cash payments and electronic recharging services, has signed an agreement with Innova Capital to sell its Romanian business, within a transaction estimated at nearly £47 more

09.29.2020

Swedish lender Hoist Finance AB has decided to enter the Romanian market and to operate as a branch, saying its activity starts in September 2020, according to Ziarul Financiar. more

09.15.2020

Czech proptech (property technology) Realpad Software, founded by Marian Skvarek in 2012, has recently entered the Romanian market, as part of the company’s strategy to expand globally. more

09.04.2020

Romanian regional investment fund SIF Muntenia (SIF4.RO), said in a stock market announcement Friday that Romania Strategy Fund AA/Vaduz, managed by Liechtenstein-based Accuro Fund Solutions AG, has more

08.20.2020

Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first half of 2020 with a net profit of RON806 million, down 11% on the year, and more

08.07.2020

Czech utility group CEZ has entered into exclusive talks with Macquarie Infrastructure and Real Assets (MIRA), world's largest infrastructure asset manager, to sell its Romanian operations, within a more

07.22.2020

Revo Technologies, a Russian fintech company operating under the Mokka brand and specializing in “Buy Now Pay Later” services, will enter the Romanian market in the second half of 2020, after more

07.15.2020

Romania’s construction market (building construction, civil engineering and special construction works) saw a 17% increase in turnover compared to 2017 and exceeded by nearly 30% the level recorded more