Found 18957 news
Speedwell Development, one of the most dynamic real estate developers on the local market, has appointed Yannick Van de Parre as Country Manager for Romania.
Cemacon, Romania’s brick market leader, is taking its products to Hungary as part of its regional development plan.
Leroy Merlin Romania is set to resume local expansion in 2025 and is readying three new stores, in parallel with further expansion on the ecommerce segment.
The APAN Group, one of the largest car dealers in Moldavia, has invested EUR5 million in a Porsche service facility in Iasi, the third in the country, after Bucharest and Timisoara.
Interior design studio PickTwo is acquiring 50% of the shares of the Red Angus Steakhouse restaurant from the latter's founder, entrepreneur Dragos Panait, who keeps the remaining stake of 50%.
UCM Resita (UCM.RO), a company from which Hidroelectrica (H2O.RO) took over 40% of its assets via Uzina de Constructii Masini Hidroenergetice last year, on Wednesday notified the Bucharest Stock Exchange that the Bucharest Court of Law on April 1 ordered the start of the bankruptcy proceedings against it.
Hils Development, the real estate company controlled by entrepreneur Ionut Negoita, has announced that it has fully sold its two residential compounds located in the eastern part of Bucharest, namely, HILS Pallady and HILS Splai, which feature a total of 2,019 apartments.
eVOTE, the platform for electronic participation in the General Shareholders’ Meetings (GSM) of the companies listed on the Bucharest Stock Exchange (BVB), has launched the platform extension with eVotePRO on Wednesday (April 2).
Swedish-owned private healthcare provider Medicover, the third largest player on the local private medical services market, has acquired the operations held by Synlab in Romania, Türkiye, Cyprus, Slovenia, Croatia and North Macedonia, for EUR71.3 million.
The European Investment Bank (EIB) and the government of Ukraine have agreed to direct EUR50 million of EIB financing to Ukraine’s national railway company, Ukrainian Railways (Ukrzaliznytsia), to upgrade key rail border crossing points with Poland, Slovakia, Hungary and Romania.
Industrial production prices for the total (domestic market and non-domestic market) grew by 4% in February 2025 compared to February 2024 and by 3.6% compared to January 2024, data from the country's statistical office INS showed on Wednesday (April 2, 2025).
BMW TechWorks Romania, a tech hub developing products and services for the car giant, is marking a significant stage in its evolution, reaching a total number of over 350 employees, up from the 110 it had at the moment it launched operations, nine months ago.
Agricover group, one of the best-known agribusiness companies, ended 2024 with 66.5% higher consolidated operating profit, at RON92.4 million, and agribusiness EBITDA of RON20.3 million, triple the 2023 level.
Finland’s Hesburger is betting EUR5 million on Romania expansion in 2025, counting on the opening of seven new fast-food restaurants by yearend.
BYD, the Chinese car giant expanding on the European market, is in talks with Tiriac Auto, the largest dealership network locally, for a showroom in Bucharest.
Coralia Com of Sighisoara, Mures county, controlled by entrepreneurs Ovidiu Moldovan and Dan Perte, for 2024 reported turnover worth RON79.3 million (around EUR16 million), up 13.4% from 2023, in line with ZF calculations based on Finance Ministry data.
National oil carrier via pipelines and tanker railcars Conpet Ploiesti, has for 2025 budgeted RON44.3 million net profit, down 10.4% from the 2024 level, and RON629.4 million revenues, up 2.7%.
Groupama at end-2024 reached a gross underwritten premiums volume of almost RON4.4 billion, up 7% from 2023 and remains leader of the entire local insurance market, in line with data published by the insurance market watchdog ASF on the insurance market evolution in 2024.
Beer sales stood at 15 million liters in 2024, the same level as in 2023, after three years of successive declines; the lack of fiscal predictability, rising inflation and a lack of consumer confidence were the factors that held back a market where local production covers 97% of consumption.
State-run Oil Terminal (OIL.RO), the operator of the oil terminal in the port of Constanta, on Tuesday notified the Bucharest Stock Exchange that the Energy Ministry, which owns 87.8% in it, requested that „the necessary measures be taken for the distribution of a minimum of 90% of the net profit of 2024 in form of dividends/payments to the state budget, based on the Memorandum approved in the Government meeting on March 27, 2025.”18957 items