Found 19260 news
Electrica, a major player on Romania electricity distribution and supply market, registered net profit of RON195.7 million in the first quarter of 2025, up 53.2% from the same period of 2024.
ANT Energy, part of Simtel, an engineering and tech group listed on the main market of the Bucharest Stock Exchange and one of the main national players in the field of green energy, has acquired a majority 55% stake in Alsen Energy Consulting, a service provider for electricity producers, distributors, suppliers and consumers.
Bucharest-Ilfov region will attract more than one third of new mortgages granted nationwide in 2025, with the market due to overshoot the EUR5 billion threshold, in line with a report drawn up by online brokerage Ipotecare.ro and financial consultancy SVN Credit Romania.
Romania managers for May-July period expect a moderate increase of economic activity in the processing industry and services, in parallel with a modest rise in the number of employees in constructions and retail trade, but also rising prices in industry, constructions and services, in line with a survey conducted by the country’s statistics board INS.
Orange, leader of the local telecom market, has announced the launch for the first time of a 5G stand alone network in several localities of the Danube Delta, as part of an EU funded project.
FlyOne, an airline established in the Republic of Moldova almost ten years ago, entered Romania with its first charter flights last year and this year will launch its first regular flights from the Otopeni Airport, the largest in Romania. The company will be operating flights to Verona, Tel Aviv and Brussels as of June.
Romania's Competition Council has approved the transaction through which Start SA intends to acquire Spectrum Brands Romania SRL.
State-run national gas transmission system operator Transgaz (stock symbol: TGN) has acquired a 51% ownership stake in Petrostar Ploiesti, through a share capital increase of RON4.5 million, Transgaz has announced in a stock market report on May 27.
Marius Dorner has been promoted to a global role inside world banking giant Citi, Global Head of Network Origination. He is one of the Romanians with the most spectacular rises inside a world banking giant.
Romania's finance ministry has approved state aid of RON1.01 billion for nine investment projects submitted between July 29 - September 9, 2024 under a state aid scheme established through Government Decision no. 300/2024 targeting regional development.
German cleaning equipment manufacturer Kärcher has recently inaugurated its third factory in Romania, located in Curtea de Arges, through its local production subsidiary, CER Cleaning Equipment.
Perla Harghitei, one of the leading players in the Romanian mineral water market, ended 2024 with a turnover of EUR38.5 million, up 26% year-over-year, due to consolidating its commercial team, expanding sales channels and investing in operational efficiency, according to company representatives.
HEINEKEN Romania announces that Boris Miloushev will be taking control of the local operations, effective July 1, 2025.
GapMinder Fund II, an investment fund dedicated to tech companies, has announced an EUR2 million seed investment in SalesTools AI, a company that uses AI to boost business-to-business sales via autonomous digital agents that have a similar role to that of a copilot.
The growth pace of Romania private lending slowed down to 8.7% at the end of April against the year-earlier period, after 9.2% in March, with the total amount reaching RON425 billion, after RON-denominated loans rose by 10.9% and foreign currency ones by 3.7%, in line with central bank data.
Population and company deposits in April 2025 reached a total of RON629.5 billion, up 6.8% from the year-earlier period (1.8% in real terms), after local currency deposits rose by 5.7% and foreign currency ones by 9.4%, in line with central bank (BNR) data.
Romania financial watchdog ASF has signed the contract for the funding of its digital transformation project, totally worth RON96.4 million, of which RON72.2 million represents funding via ERDF (European Regional Development Fund) and RON24.1 million national contribution.
Sighetu Marmatiei-headquartered Plimob, a major supplier for Swedish concern IKEA, in 2024 registered turnover worth RON212.6 million (EUR42.7 million), up 4.2% from 2023, in line with ZF calculations based on Finance Ministry data.
Euro Auto Plastic System, the local subsidiary of French giant Faurecia, for 2024 reported turnover of RON643.7 million (EUR129.4 million), up 30% from the previous year, in line with ZF calculations based on Finance Ministry data.
Construction company CML.RO, owned by entrepreneurs Mihaela and Vasile Ros, for 2024 reported turnover worth almost RON182.3 million (EUR36.6 million), slightly down, by 1.8%, from 2023, in line with ZF calculations based on Finance Ministry data.19260 items