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Romania insurance market had the most profitable year in 2024, with a 50% increase against 2023, to over RON1.4 billion, after three years of significant increases.
The three entities the US IT giant Oracle has in Romania – Oracle Romania SRL, Oracle Global Services Romania SRL and Oracle Sovereign Cloud Romania SRL, posted RON1.6 billion revenue together in 2024, 23.2% more than in 2023, and their average number of employees went up by 82 to 4,457.
Erste Group, which owns BCR in Romania, has revised its economic growth forecast for Romania downwards from 1.8% to 1.3% in 2025, considering the first quarter data, which are below its expectations.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) grew by 0.4% in unadjusted data and by 3.1% when adjusted for seasonality and number of working days, in April 2025 versus April 2024, data from the country’s statistical office INS showed on Friday (June 6).
Romania's economy edged 0.3% higher in unadjusted data and 0.6% higher in seasonally adjusted data in the first quarter (Q1) of 2025 compared to the first quarter of 2024, provisional (1) estimates from the country's statistical office INS showed on Friday (June 6).
The Bucharest Tribunal decided for alternative investment fund Lion Capital to change its name in the wake of an action filed by the claimant Lion Capital LLP, a legal entity of British nationality, regarding intellectual property rights related to the use of the trade name “Lion Capital”.
Almost 47% of employees would want the four-day workweek and more than half want to come at least 3-4 days at the office, for leisure and social activities helping them be more productive, reveals a survey conducted by real estate developer Genesis Property in April-May 2025 among 1,012 respondents nationwide.
After a difficult 2023, when it verged on insolvency and exited the ranking of Romania 10 largest dairy producers, Brasov-based Prodlacta in 2024 saw its turnover rise.
Automobile Dacia has announced a new voluntary layoff program, starting July 1, through agreeable termination of the employment contracts.
Philip Morris International (PMI) has appointed Carmina Fusté managing director of Philip Morris Romania, replacing Mircea Scaunasu as of June 1.
After four years at the helm of NEPI Rockcastle, Rüdiger Dany, will leave the company in March 2026, leaving behind a time of fast-paced growth in revenue, significant retail and renewable energy investments and expansion of the portfolio with strategic projects, including in Romania. NEPI is already looking for a new CEO to ensure a smooth transition.
Ipsos Interactive Services, the subsidiary of one of the world’s leading market research and opinion polling companies, will relocate its Bucharest-based headquarters to the Business Garden Bucharest project developed by Vastint Romania in Bucharest's Orhideea-Grozavesti area.
Gura Portitei Resort, located between the Danube Delta and the Black Sea, officially reopens following renovation works that engulfed EUR10 million.
The European Fund for Southeast Europe (EFSE) has granted a EUR8 million Basel III-compliant Tier 2 Capital subordinated loan to Patria Bank (stock symbol: PBK) to strengthen its capitalization and increase its lending capacity to Micro, Small, and Medium-sized Enterprises (MSMEs) across Romania.
State-owned pharmaceutical producer Antibiotice Iasi (ATB.RO) has announced in a stock market report on June 5 that it recently won the 5th tender organized by the National Health Service (NHS), the UK healthcare system.
Romania's Finance Ministry raised RON595 million from banks on Thursday (June 5), selling benchmark bonds, at an annual average yield of 7.54%.
France’s Vinci, a construction and infrastructure energy group, is said to be interested in buying EnergoBit, one of the most powerful entrepreneurial companies in the business of energy equipment and services in Romania.
PwC Romania is expanding its team of Partners by promoting Adina Vizoli and Silvian Milea within the Tax and Legal Consulting Department.
Swiss-held VAT Group, a leader in the development and production of vacuum valves, has inaugurated its new plant in VGP Park Arad, which is now its third major operational hub worldwide, along with its HQ in Switzerland and the facility in Malaysia.
Romania's hourly labor costs adjusted to the number of working days increased by 16.04% in the first quarter of 2025 compared to the same period of 2024, data from the country's statistical office INS showed on Thursday (June 5).19015 items