Romania | News
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ZF English - 06:56 Jun 07, 2022
Romania last year exported 17.4 million liters of wine as total production stood at 4.5 million hectoliters (450 million liters). This means exports weighed below 4% of total wine production, in line with ZF calculations based on data provided by the Association of Wine Producers and Exporters and the International Vineyard and Wine Organization. -
ZF English - 12:21 Jun 06, 2022
The INVL Renewable Energy Fund I managed by INVL Asset Management, the leading asset management company in Lithuania, on Monday said it would set off activities in Romania as it plans to invest almost EUR120 million in the development of solar photovoltaic (PV) parks it has recently acquired. -
ZF English - 11:58 Jun 06, 2022
Romania’s telecom market leader Orange saw its net profit grow almost six times faster than its revenue in 2021, data on the Finance Ministry website show. -
ZF English - 12:38 Jun 03, 2022
Romania’s finance ministry on Friday confirmed that it would launch and list on the Bucharest Stock Exchange a new issue of FIDELIS government bonds for retail investors, between June 6 and 21. -
ZF English - 14:07 Jun 02, 2022
British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity on the local market. -
Business Review - 09:37 Jun 02, 2022
BAT, the largest tobacco company in Romania, has contributed over 125 billion euro to the economy during its 25 years of activity on the local market. Out of this amount, the company has paid almost 24 billion euro directly, or close to 1 billion EUR per year, as excises and other taxes, salaries, and […] -
ZF English - 12:29 Jun 01, 2022
Swiss-held Holcim group, the largest construction material manufacturer in Romania via its local subsidiary, saw its revenue increase by 8% to RON1.7 billion year-on-year in 2021, Finance Ministry data show. -
ZF English - 07:48 Jun 01, 2022
Most major banks in Romania saw higher profits in the first quarter of 2022 compared with the year-ago period, amid a rise in lending and increase in income along with the rise in interests, as well as a decline in risk costs and provisions. -
ZF English - 12:54 May 31, 2022
French hotel group Accor, which currently has more than 950 employees in Romania, seeks to add 600 more people to its team until 2025, in order to support the opening and operation of more than ten new hotels. -
ZF English - 13:49 May 30, 2022
Cyber-attacks have reached an unprecedented level and the global phenomenon is becoming more and more visible in Romania. -
ZF English - 11:20 May 30, 2022
European online fashion retailer Zalando, which already has a presence in 25 countries, launched in Romania on Monday. The retailer carries 350,000 products from 1,700 brands, and expansion in Romania is a continuation of the expansion in Europe. -
ZF English - 07:43 May 27, 2022
The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional office in Cluj-Napoca, the country’s second largest city. -
ZF English - 17:04 May 26, 2022
The net assets of the 236 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 1.2% in April 2022, to RON52.1 billion (EUR10.5 billion), and dropped by 2.9% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators. -
Business Review - 13:16 May 26, 2022
Accounting for 70% of green certified buildings and 85% of offices occupied in certified space, the stock of green qualified offices is comparatively higher in Romania than anywhere else in Europe. In addition, 88% of investment transactions in the office segment in Romania involve buildings with green certifications, according to CBRE Romania. This makes the […] -
Business Review - 13:14 May 26, 2022
BASF – the world’s largest chemical company and European leader in research and development, along with AHK Romania, are announcing the BASF Innovation Hub program, which will gather start-ups and innovators from 11 countries of Central and Southeast Europe, including Romania. The project aims to act as a launching platform, supporting start-ups by promoting the […] -
ZF English - 07:59 May 26, 2022
eMAG, the biggest online retailer locally, in 2021 registered RON5.682 billion turnover in Romania, according to Tudor Manea, the company’s CEO. -
ZF English - 07:22 May 26, 2022
Germany’s B. Braun, active in Romania’s health sector for over 20 years, ended 2021 with total turnover worth RON518 million, 15% higher than in 2020, in line with ZF calculations based on public data for the six companies part of the group. -
Business Review - 15:55 May 25, 2022
The data center built near Craiova by Cluster Power with the help of Tema Energy’s engineering team has officially achieved Tier III Design Accredited accreditation from the US Uptime Institute. Cluster Power is the first hyper-scalable data center with artificial intelligence capabilities in Romania. Uptime Institute is based in New York and brings together […] -
ZF English - 17:55 May 24, 2022
Nuclear power producer Nuclearelectrica (SNN.RO), small modular nuclear reactor (SMR) technology provider NuScale and the E-Infra group of companies on Tuesday signed a memorandum of understanding for the development of the first SMR reactor in Romania on the site of the former Doicesti thermal power plant, in Dambovita County. -
Business Review - 16:38 May 24, 2022
Junior Achievement Romania, in partnership with Nestlé Romania, continues the professional development program “Your professional success”. Within this project, the two partners carry out a series of learning by doing activities. In May, Nestlé volunteers met virtually with more than 170 students from 10 counties. The theme of the webinar held by the volunteers […]