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Real estate developer Impact Developer & Contractor (IMP.RO) is entering the local real estate market in the city of Iasi (north-eastern Romania), with the acquisition of a plot of land of 19,068 square meters, in the city’s Copou area.
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.
Romania's gross domestic product grew 4.5% in real terms in 2018 compared with 2017, final data from the country's statistics board showed Friday.
Romania will sign a financing agreement totaling $8 billion with the United States for the refurbishment of one nuclear reactor and the building of two new reactors at the Cernavoda nuclear facility in Romania, US ambassador Adrian Zuckerman said.
Holcim Romania, the largest construction material manufacturer in the country by revenue, continued to operate in sync with the construction market in the last few months, despite the pandemic.
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.
Vanbet, a poultry producer in Vaslui (eastern Romania) held by entrepreneur Fanel Bogos, ended last year with 219 million lei (some EUR46 million) revenue, an increase of 5% on 2018.
The summer months came with a rebound in corporate loans after lending plunged by annual rates of 20% to 30% in the spring due to the lockdown required by the COVID-19 pandemic.
The average net salary in Romania fell 2.9% in both nominal and real terms in August compared with July, to 3,275 lei (around EUR672), data from the country's statistics board showed Friday.
Romania's gross domestic product took an annual plunge of 10.2% in real terms in the second quarter, less than the previously estimated 10.5%, a second reading from the country’s statistics board showed Friday.
Romania's state-owned postal operator Posta Romana has concluded a financing agreement worth RON200 million with lender Eximbank, following a competitive procedure attended by several banks, according to information provided by Posta Romana representatives.
The Meron coffee shop chain, founded in 2015 by Bogdan Ciocian in Cluj Napoca, will be opening a new coffee shop, in central city of Brasov, on October 10, following an investment of over EUR100,000, reaching a 17-unit network in Romania.
Ropharma (RPH.RO), a pharmacy chain indirectly owned by entrepreneur Mihai Miron, ended the first half of 2020 with a consolidated net profit of RON147,800, 15-fold lower than the net result reported in the same period in 2019.
Continental Timisoara, the Romanian unit of German automotive parts supplier Continental, on Thursday said it will provide professional technological solutions for the ports of Hamburg in Germany and Koper in Slovenia, as part of an EU-funded project.
The Bucharest Stock Exchange (BVB) on Thursday informed investors that, on October 8, 2020, it was notified that the European Bank for Reconstruction and Development (EBRD) has fallen below the threshold of 5%, owning at present 4.997% of the share capital of BVB.
Real estate consulting firm CBRE has been selected to provide property management services for the Ethos House office building, located in Floreasca area in northern Bucharest.
Ana-Maria Voicu Domsa is the new Partner of EY Romania within the EMEIA Fiscal Center (EMEIA Tax Center) and will coordinate, together with other partners, indirect tax reporting and compliance team within the EMEIA Fiscal Center, EY Romania said in a press release Thursday.
TechAngels,a group of private investors supporting tech start-ups that invested EUR6 million in 2019, tripled its activity in the first nine months of 2020, attending over 60 presentations and pitches.
Farm and forestry equipment manufacturer IRUM held by the Oltean family in Reghin, expects growth of 10% in revenue this year from last year’s about 87 million lei (EUR18.4 million), according to the Finance Ministry website.
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Thursday in a report its total hydrocarbon production stood at 141,300 boe/day in the third quarter of 2020, compared with 150,300 boe/day in the same period last year and with 147,300 boe/day in the second quarter.18948 items