06.13.2024

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.03%, reaching the lowest more

04.28.2021

Shareholders of Banca Transilvania (TLV.RO), the biggest lender in Romania by assets, approved Wednesday a share capital hike of RON573.7 million from the lender's 2020 net profit and granting one more

07.08.2020

EY Romania on Wednesday launched the fifth edition of EY Entrepreneur Of The Year, a program that seeks to discover visionary local entrepreneurs, agile leaders who innovatively address the challenges more

12.23.2019

Grocery retail, a EUR20 billion market a year was the stage of deals between foreign and local actors. Foreign chains continued to cement their position with new openings from scratch of several more

12.23.2019

The year 2019 was a year of changes and shift to new technological solutions for the insurance sector, with insurers developing solutions and partnerships to be able to improve efficiency of services more

12.20.2019

Hefty profitability, continued consolidation and restructuring of banks, improvement of portfolio quality, following sale of non-performing loan portfolios and a lending rebound – all of these shape more

12.19.2019

The tourism market keeps getting bubblier and bubblier, following the entry of Germany’s Dertour, which bought the travel division of Eurolines, the owners of Christian Tour will be operating the more

12.16.2019

Good things and bad things. This was about the trend on the construction market in 2019, the year that saw two more insolvencies, as well as the first profit of more than 1 billion lei (over EUR200 more

12.10.2019

The year 2019 came with a slowdown in consumer spending in Romania but the food and beverage industry remained buoyant, with new investments announced and new product launches. more

11.22.2019

Romanian AI developer Druid, founded by entrepreneur Liviu Dragan, was designated startup of the year in Central and Eastern Europe at the 2019 Central European Startup Awards held in Bucharest. more

02.08.2017

January 2017 performed below expectations for the retail and real estate companies, which blame it on the cold and snow that cut Romanian consumers’ appetite for spending. more

01.09.2017

French-held Carrefour, which has almost 300 stores in Romania and EUR1.7 billion to EUR1.8 billion revenue a year, had a better than expected year in 2016, because of consumer spending increase, says more

01.01.2015

The year 2014 saw new investments in sweets plants in Romania and no significant mergers and acquisitions. The chocolate market grew this year, while ice cream sales suffered because of the bad more

12.24.2014

The year 2014 was a year of growth for most lines of business from land and commercial property deals to deliveries of new homes, a sector where Bucharest and the Ilfov County in particular did best. more

12.22.2014

The Romanian tourism industry saw minimal investment in infrastructure in 2014, even though the ski resorts and spa towns would badly need upgrades to become attractive to foreign tourists. more

12.16.2014

The Romanian dairy market, with annual sales of more than 4.4 billion lei (EUR1 billion), showed signs of a rebound this year, as consumption went up 1% in the first half. more

12.15.2014

The wood and furniture sector, a business of almost 30 billion lei (almost EUR7 billion), was shaken by an illegal forest restitution scandal involving influential politicians, but the revenue of the more

12.12.2014

The decline in soft drinks and bottled water consumption over the last few years continued in 2014, and the bad weather caused sales slump even for the largest companies on the market, as well as more

12.11.2014

Energy sector was full of surprising developments again in 2014. From unexpected exits to fraud scandals, major insolvencies or historic initial public offerings, 2014 had it all, which made it one of more

12.10.2014

The healthcare sector, which gets 27 billion lei (EUR6 billion) from the government and generates more than RON4.5 billion revenue per year for private companies, saw the Europharm plant in Brasov, more

12.08.2014

The billions of euros traded in the agri-business sector every year make giant multinationals fight to grab as big a slice of the Romanian market as possible. more

11.12.2013

Bucharest’s five-star hotels want to accommodate over 1,500 guests in their restaurants and event halls for the New Year’s Eve party. Prices start from 200 lei (EUR45) per person and can reach up more

08.27.2012

It looks like 2012 will be another bad year for investments in shopping malls, office buildings and residential compounds, considering that only four major projects requiring investments of nearly more

01.04.2012

Romanians who celebrated the New Year in local resorts spent about EUR15 million, down 17% compared with 2010, and the sum paid by those who welcomed in the new year abroad decreased by one third to more

11.21.2011

"We have 1,000 seats available for the New Year’s Party in the hotel’s restaurant, more than last year, when we hadn’t opened the SteakHouse restaurant. So far, we have reservations for about more