11.19.2020

Jupiter Group has reached an agreement with Austrian Supernova Group for the latter’s first acquisition on the Romanian market, namely, the Jupiter City Shopping Center located in the city of more

11.19.2020

Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased a space of approximately 10,000 square meters in the Metav industrial park in northern Bucharest, to build more

11.13.2020

Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminium producers, reported a turnover of RON1.9 billion in January-September 2020, down 10% on the year, and a net profit of more

11.12.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, ended the first nine months of 2020 with a net loss of RON4.7 million (excluding the impact more

11.11.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania and develops the KFC brand in the Republic of Moldova and Italy, continues to expand the Taco more

11.09.2020

Iulius Group’s retail properties generated 453 million lei revenue together in 2019, an increase of 14% on the previous year, ZF has calculated from the data the Iulius Group officials supplied. more

11.06.2020

German Allianz Group ended the first nine months of 2020 with an operating profit of EUR7.8 billion, down 14.6% from the same period in 2019, per the Group’s financial report. more

11.02.2020

Erste, the Austrian financial group that owns Romanian BCR, had a net profit of EUR637 million in the first nine months of 2020, half compared with the same period last year, while BCR posted a net more

10.30.2020

NN Group and the pension funds it manages have raised their holding in Romanian lender Banca Transilvania (TLV.RO) from 9.96% to 10.04%, the bank announced Friday. more

10.27.2020

Real estate developer Iulius Group, owned by businessman Iulian Dascalu, has changed its plan for the tallest office building in Romania, under construction in the Iulius Town compound in Timisoara. more

10.21.2020

OLX Group, present in Romania with the Olx, Storia and Autovit.ro brands, plans to acquire KIWI Finance, the largest loan brokerage company on the Romanian market, which currently is part of the more

10.15.2020

The software development center of Dutch ING Group in capital Bucharest has reached 1,000 employees after hiring 200 IT experts in 2020, and plans to continue hiring in the coming months. more

10.15.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, appointed Lucian Hoanca to the position of Chairman of the Executive Board, on Wednesday more

10.09.2020

NN Romania, the leading life insurer and private pension fund manager in Romania, will expand its portfolio into home insurance starting October, the company announced Friday. more

10.09.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, on Friday announced it has appointed Calin Ionescu as chief executive officer. more

10.01.2020

E.ON Gaz Furnizare and E.ON Energie Romania, the natural gas and electricity suppliers of German utility E.ON Group in Romania, on Thursday said they are involved in a process of merger through more

09.30.2020

Imocredit IFN, a mortgage lender part of financial group ImoFinance, specialized in real estate financing, ended the first half of 2020 with a net profit of RON1.4 million, more than double the more

09.04.2020

TeraPlast Group, the largest Romanian construction materials manufacturer seeks to attract funds of over EUR9 million from the State and, to this end, it will submit state aid projects within the more

09.04.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, on Friday announced the re-opening of the Group's in-door restaurants in Romania, following Romanian more

09.02.2020

Irina Mandoiu has taken over the position of Chief Executive Officer of construction paint maker Policolor-Orgachim Group, starting September 2020. more

09.01.2020

U.S.-based Mars Group, one of the world’s biggest producers in the food sector, whose portfolio includes brands like M&M, Snickers, Orbit and Whiskas, has announced the appointment of Jan more

08.27.2020

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands, reported a net loss of RON22.3 million in the first half of 2020 (excluding the impact of IRFS 16 more

08.25.2020

German Allianz Group has indirectly reached a holding of 5.3% of the voting rights of Romanian state-owned energy utility group Electrica (EL.RO), after the private pension fund AZT Viitorul Tau, more

08.24.2020

Shareholders of building materials producer TeraPlast Bistrita (TRP.RO) on Monday approved the repurchase by the company of a maximum number of 5.5 million own shares at a minimum price equal to the more

08.24.2020

French Accor Group is extending its network in Romania with a new hotel called ibis Styles Dunarea Galati, the second unit opened in 2020; five other hotels, including Mercure Galati Centrum, will be more