04.14.2021

For the first time since French Renault Group acquired Dacia brand, under the leadership of Luca de Meo, the Dacia brand will have its own Board of Directors, alongside Lada, considering that the more

04.13.2021

Italy’s UniCredit Group, which holds the fifth largest bank on the Romanian market by assets, has approved the appointment of Sorin Dragulin to the position of Chief Executive Officer (CEO) of more

04.12.2021

Counsel Group Frankfurt (CGF), specialized in providing software services and solutions, which owns offices in the cities of Bucharest and Iasi, continues its local expansion and is about to invest more

04.08.2021

Nordis Group, a real estate developer founded by Emanuel Postoaca, on Thursday announced the extension of its projects on the Romanian seaside by acquiring lands of over 23,000 square meters in Mamaia more

04.06.2021

Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an announcement more

04.02.2021

BRK Financial Group becomes the first Issuer’s Market Maker for bonds on the Bucharest Stock Exchange and will provide market making services starting April 6 for the EUR6.6 million bond issue 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

03.30.2021

Pharmaceutical wholesaler and retailer group Dona, owned by Eugen Banciu, had a consolidated turnover of RON1.48 billion in 2020, up 9% on the year. more

03.29.2021

Razvan Stefan Lefter, member of the board of directors of Sphera Franchise Group (SFG.RO), has bought 11,000 company shares for a total of RON168,300, the company said in a market report Monday. more

03.29.2021

Alro Group (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, on Monday reported a turnover of RON2.51 billion for 2020, slightly lower than RON2.78 billion in 2019, and a more

03.22.2021

Real estate developer Iulius Group has started work on the first Family Market retail project, a EUR7 million investment in Miroslava, Iasi county. more

03.15.2021

Real estate developer Oasis Retail Development & Consulting, owned by Klaus Reisenauer and Kurt Wagner, has taken a EUR9 million loan from OTP Bank to build a 60,000-square-meter retail park in the more

03.15.2021

Dutch property management group MVGM, which acquired JLL’s European property management business in ten European countries, said Monday it was adding NorthLight Residence in Bucharest to its more

03.11.2021

Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe. more

03.11.2021

Aaylex Group, owned by entrepreneur Bogdan Stanca, which produces and sells poultry meat under the Cocorico brand, has invested EUR15 million in a new production unit to produce all-natural chicken more

03.11.2021

Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million. more

03.09.2021

BRK Financial Group (BRK.RO), the only brokerage company listed on the Bucharest Stock Exchange, on March 9 started acting as Market Maker for shares of OMV Petrom (SNP.RO), the largest energy company more

03.04.2021

Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania. more

03.03.2021

Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a more

03.01.2021

The Board of Directors of state-owned energy utility group Electrica (EL.RO), the largest players in the energy services sector, approved on February 26 the consolidated investment plant (CAPEX) of more

02.26.2021

BRK Financial Group (BRK.RO), the only broker listed on the Romanian stock market, ended 2020 with a consolidated net profit of RON1.5 million, down 79.5% from 2019, amid revenue from the more

02.26.2021

Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estimates a more

02.26.2021

Sphera Group (SFG.RO), the franchise operator of KFC, Pizza Hut and Taco Bell restaurants in Romania, reported a net loss of RON2.3 million for 2020 (excluding the impact of IFRS 16 adoption), more

02.23.2021

Organic fertilizer producer Norofert Group (NRF.RO) on Tuesday reported a consolidated turnover of RON24.4 million in 2020, up 64% from 2019, and a net profit of RON6.3 million, up 36% on the year. more

02.19.2021

German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating profit of EUR10.8 billion, down 9.3% on the year. more