Found 19260 news
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.”
Connections Consult Group (CC.RO), a provider of IT solutions and services, on Tuesday notified the Bucharest Stock Exchange of having sold its Service Delivery unit by transferring 100% in Connections Consult affiliated companies – Outsourcing Support Services SRL, Connections Consult EOOD (Bulgaria) and Connections Consult doo Beograd- Vračar (Serbia).
Law firm RTPR assisted private equity investor MidEuropa in the sale of the Regina Maria healthcare group to Mehiläinen, in the largest deal in the medical sector in Central Europe.
Orange Romania has expanded and improved 5G/5G+ services in six new cities in the last few months, the latest of which are Ploiesti, Deva, Targoviste, Calarasi, Giurgiu plus the expansion of the coverage in Cluj-Napoca, the officials of the company said in a statement.
Romania's foreign exchange reserves stood at EUR61.9 billion at the end of March 2025, lower by EUR600 million than the EUR62.5 billion level reported on February 28, 2025, Romania’s central bank announced on Tuesday (April 1, 2025).
Wizz Air has officially inaugurated a new base on April 1, at Bucharest Baneasa Airport, which will be served by an Airbus A321neo aircraft.
The Fidelis government bond issue scheme continues this month with interest rates of as much as 7.6% in lei and 6% in euros, with the next edition scheduled for the April 4-11 period.
Romania’s insurance market reached a volume of gross underwritten premiums of RON23.4 billion at the end of 2024, up 11% against 2023, in line with data released by Romania's Financial Supervisory Authority (ASF) in its latest report regarding the evolution of the insurance market for full year 2024.
Reff & Asociatii | Deloitte Legal team of lawyers assisted Smart ID Technology, part of SARMIS Capital portfolio, in taking over the majority stake in AB Systems, a leader in the production of durable barcode labels and smart RFID label solutions for the automotive, logistics, and retail industries.
Romania’s unemployment rate stood at 5.6% in February 2025, higher by 0.1 percentage points than the 5.5% rate recorded in January 2024, data from the country’s statistical office INS show on Tuesday (April 1, 2025).
Average prices of old and new apartments in March 2025 rose by 12% against the same month of 2024, in line with the latest data on Storia, the real state platform launched by OLX.
Filip & Company team assisted, as lead counsel, Digi Romania S.A. in the signing of two export credit facilities agreements totally worth over EUR54.7 million for the acquisition of goods and services necessary for the development of Romania and Portugal telecom networks.
Mehiläinen Group, Finland’s largest private healthcare provider, has fully acquired Regina Maria network, together with Serbian company MediGroup, both part of the portfolio of Mid Europa investment fund.
Benedek cold cuts plant, now owned by Bertis group controlled by businessman Tibor Berszany, is starting the construction of a new unit in 2025 and is set to expand nationwide three decades after it was set up.
Ascendia (ASC.RO), a company that develops e-learning solutions for various fields such as corporate training, healthcare and entertainment, has budgeted RON45.2 million total revenue for 2025, RON31.4 million total spending and RON13.8 million gross profit.
Turkish private airline Pegasus Airlines has announced it will be operating new direct flights from the Avram Iancu International Airport of Cluj to Istanbul’s second largest airport Sabiha Gökçen in the 2025 summer season, i.e., from May 20, with a frequency of three flights a week on Tuesdays, Thursdays and Saturdays.
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) on February 20 made a term deposit without auto-renewal option, with the interest rate negotiated, with the Exim Banca Romaneasca, the company has announced in a report to the Bucharest Stock Exchange on March 31, 2025.
Moldovan Carmangerie (formerly Cosm Fan Carmangerie), which operates in the meat industry and is held by the Moldovan family in Cluj, has budgeted RON119 million (some EUR24 million) revenue for 2025, an increase of 6% on 2024, the company said.19260 items