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Outsourcing service provider Genpact Romania, the local subsidiary of the Indian group by the same name, continues investment in Iasi by opening a new delivery center, its officials said in a statement.
UniCredit Bank and the European Bank for Reconstruction and Development (EBRD) have signed a synthetic securitization agreement for a portfolio of nearly EUR775 million, which includes loans for small and medium-sized enterprises (SMEs) and for companies, granted by UniCredit Bank.
OMV Petrom (stock symbol: SNP), the largest company in Romania by turnover, reached a total hydrocarbon production of 107.5 thousand barrels of oil equivalent (boe) per day, in the first quarter of 2025, lower by 3.8% compared with the first quarter of 2024 and higher by 0.28% against the fourth quarter of 2024.
Alfa Group, held by entrepreneur Alin Niculae, is currently building the second phase of the Cloud9 Residence residential project in Bucharest's north-eastern area of Pipera, and is readying to launch the third phase of the project in 2025, Razvan Brasla, CEO Cloud9 Residence, told the conference "ZF Trends in the residential market 2025."
International hotel group Accor announces the introduction of Handwritten Collection brand on the local market.
Coffee shop network 5 to go, with almost 600 locations, is launching a new concept, Espresso, a franchise model whereby entrepreneurs can use a “turnkey” mobile retail trailer to sell the products, conceived as a business with a low investment cost, suitable for areas with limited commercial spaces.
Romania’s national grid company Transelectrica has budgeted total RON8.54 billion revenues for this year, 8.1% higher than in 2024, and RON153.3 million net profit, down 74.3% from the 2024 figure.
Fashion producer and retailer Nissa is investing RON35 million to expand Craiova plant. More than half of the sum comes as EU funds drawn via Just Transition scheme.
Romania’s egg exports reached more than EUR53 million in 2024, slightly higher than in 2023, ZF has found from National Statistics Institute (INS) data.
Airline Swiss International Air Lines, held by Germany’s Lufthansa, has increased the number of flights between Cluj-Napoca and Zurich, Switzerland from three to four a week since April 5, Avram Iancu International Airport of Cluj-Napoca announced in a statement.
Financial group CEC Bank posted ROIN687.9 million net profit in 2024, an increase of 30% on 2023, while assets increased by 19% to RON99.33 billion.
State-run Hidroelectrica (stock symbol: H2O.RO), the largest electricity generation company in Romania, has signed a contract with the winning bidder of a tender for the Li-ion battery storage project in the Crucea Nord Wind Farm.
Romania's Finance Ministry raised RON897 million from banks on Monday (April 7), selling government paper in two auctions, at annual average yields of 7.10% and 7.22%, respectively.
BRD acted as Green Loan Coordinator for the RON1.7 billion loan granted by a syndicate of banks to the company Distributie Energie Oltenia (DEO), the electricity distribution company in the Oltenia region and one of the four electricity distributors in Romania.
The National Bank of Romania (NBR) has decided at its Board meeting on Monday (April 7, 2025) to keep its key interest rate unchanged at 6.5% a year, being the bank's third consecutive rate freeze so far in 2025.
Astra Rail Industries, a company controlled by U.S. giant Greenbrier, has decided to close the railcar factory in Romania's Arad.
Liberty Galati, the largest integrated steel producer in Romania, is likely to restart its primary production operations on April 22, as announced by Cornel Moisescu, the new Head of Primary at Liberty Galati.
The total monthly average income in Romania stood at RON8,568 per household, in nominal terms, in Q4/2024, representing RON3,424 per person, 3.8% more both per household and per person compared to Q3/2024, data from the country’s statistical office INS showed on Monday (April 7).
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 1.1% in unadjusted data and by 3.3% when adjusted for seasonality and number of working days, in February 2025 compared to February 2024, data from the country’s statistical office INS showed on Monday (April 7).
App Town, a real estate company founded by entrepreneur Claudiu Diaconu, is investing EUR15 million in a housing project, App Town Exclusive by Ima Residence, located close to Pipera-Aviatiei business area, one of the most dynamic office and commercial hubs in northern Bucharest.18957 items