Found 18957 news
Romanian drug manufacturer Antibiotice Iasi has proposed the distribution of RON13.8 million worth of dividends from the 2024 net profit reported on the basis of annual audited financial statements, namely RON102.2 million.
Home ownership remains a major objective for most Romanians, but the increasingly dwindling affordability in central areas and strict lending conditions led to a decline in home buying intentions in 2025, stated Gabriel Blanita, Director & Advisory Services at Colliers Romania.
The European Investment Bank (EIB) has committed up to EUR30 million for wind energy project in Constanta county, Pestera II, with a total value of EUR500 million.
Insurance companies in Romania that are part of Vienna Insurance Group (VIG), i.e., Omniasig, Asirom and BCR Asigurari de Viata, saw gross written premiums of more than EUR900 million at the end of 2024, an increase of 25% on 2023.
Andrei Stamatian, CEO of Republic of Moldova’s EnergBank, has received approval from Romania’s central bank to become a member of the Board of Directors of Libra Bank, replacing entrepreneur Siminel Andrei, who retired in the fall of 2024, Libra Bank said in a report to the Bucharest Stock Exchange on Wednesday.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a press statement on March 12 the closing of the farm-down transaction between its subsidiary OMV Offshore Bulgaria and NewMed Energy Balkan, a subsidiary of NewMed Energy.
For the first time in its history, this year Randstad Romania Workmonitor research reveals that job security and work-life balance are deemed more important than pay (88% and 86% vs 84%) for Romanian employees, slightly above the global average.
Nestlé is launching in Romania the new range of KitKat chocolate bars that are available in three variants - KitKat Double Chocolate, KitKat Salted Caramel and KitKat Hazelnut.
Distribution company Delgaz Grid, part of the E.ON group in Romania, continues in 2025 the smart metering program, with an investment of nearly RON372 million (EUR75 million) aimed at installing 487,000 smart meters across six counties in Moldova.
The average cost of fitting out Bucharest office spaces rose by 12% in 2024 against 2023, going beyond EUR1,000/sqm, in line with regional evolutions, where most capital cities posted 8-15% higher prices, in line with data provided by real estate consultancy Cushman & Wakefield Echinox on the basis of Fit-Out Cost Guide 2025 report.
Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) promotes 11 lawyers and 1 tax consultant in 2025, bolstering five key practice areas within the firm.
Net investment in Romania's economy decreased by 4.9% in 2024 against 2023, to RON193.79 billion (EUR38.936 billion), the country's statistical office INS announced on Wednesday (March 12), citing provisional data.
The number of housing units completed in Romania in 2024 fell by 15% compared to 2023 to a total of 60,787 units, data from the country’s statistical office INS showed on Wednesday (March 12).
Romania's trade balance posted a deficit of EUR2.7 billion in January 2025, higher by EUR761 million (+38.5%) compared to the level reported in January 2024, data from the country's statistical office INS showed on Wednesday (March 12).
North Bucharest Investments, NBI, has sealed a partnership with real estate developer Primes for the sale of Primes Rahmaninov Collection housing project of northern Bucharest, a total EUR20 million investment due to be completed in the second half of next year.
A new private equity fund, Trinity Investments Management, is making inroads into the CEE financial investor market, exclusively targeting food industry companies in the region. The main markets it eyes are Romania and Poland.
Roofing maker Bilka continues its international expansion strategy, planning to invest over EUR10 million.
Romania car production declined by 14% in the first two months of 2025 against the year-earlier period, to a total of 85,260 units, in line with data provided by the country’s carmakers association ACAROM.
AROBS Transilvania Software, the largest IT player listed on the local capital market, aims to further expand M&A processes, penetrate foreign markets and consolidate products on the markets the company is already active on, says the company’s CEO Voicu Oprean.
Salt Bank, the first 100% digital Romanian bank, has already reached assets of above RON1 billion and expects to go beyond RON3 billion at yearend.18957 items