Found 19260 news
Romania economy recovery is slower than expected and political turmoil is denting investors’ and consumers’ confidence, says the European Bank for Reconstruction and Development (EBRD) in its latest report.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is seeking an investor to aid it step up direct development of the business in Europe.
Santierul Naval Orsova (SNO.RO) shipyard ended 2024 with ROIN5.94 million net profit, an increase of 71.9% on 2023, while revenue stood at RON99.8%, 0.3% higher.
Engineering and technology company Simtel, a national leader in renewable energy, on Wednesday notified the capital market of having chosen Raiffeisen Bank as intermediary for a potential corporate bond issuance.
IT infrastructure and security integrator Arctic Stream (stock symbol: AST) had a net profit of RON8.83 million in 2024 (EUR1.78 million) and revenue of RON139.76 million (EUR27.97 million).
CEC Bank has received approval from the European Commission to increase its capital, while Exim Banca Romaneasca is still waiting for it, financial market sources say.
Building materials producer TeraPlast Bistrita (stock symbol: TRP) recorded loss of RON19.6 million in 2024 compared with net profit of RON1.1 million reported in 2023, mostly due to higher interest costs and amortized costs following the implementation of investments in new manufacturing units, as per the company's preliminary financial report.
Hidroelectrica (stock symbol: H2O), the largest energy producer in Romania and the most valuable company in the portfolio of the Romanian State, targets investment projects worth over EUR500 million in 2025, the company's CEO, Karoly Borbely, said at the ZF Power Summit 2025 on Feb. 26.
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, posted RON107.1 million preliminary revenue in 2024, an increase of 8% on 2023.
A total 7,274 new insolvency proceedings were opened in Romania in 2024, 9.38% more than a total 6,650 reported in 2023, as per the latest study conducted by Coface Romania.
Law firm bpv Grigorescu Stefanica advised Romanian retail media company FOOTPRINTS AI (www.footprints-ai.com) on its latest EUR2.3 million investment round led by Catalyst Romania Fund II, with participation from Seedblink retail investors.
Global Vision, a leading real estate company in Central and Eastern Europe, has appointed Antoanela Comsa to the position of Deputy CEO, the company announced in a press statement on Feb. 26.
ASI Alpaco, the exclusive representative of ASI Group in Europe and the UK, announces the opening of a new manufacturing facility in the region of Bucharest- Ilfov by relocating its production from Belgium to Romania.
Gas and electricity provider E.ON Energie Romania, a subsidiary of German utility group E.ON, has recently completed the construction of a photovoltaic (PV) plant in the western city of Timisoara for Continental Automotive, the Romanian unit of German car parts supplier Continental Automotive.
Romania’s national grid operator Transelectrica has inaugurated the new electrical transformer station of 400 kV in the locality of Arefu, which thus ensures the stability and operational safety of the electricity transmission network and the optimal supply of consumers in the Arges-Valcea region.
Romanians everywhere who own debit cards and have accounts on www.ghiseul.ro online platform can purchase government bonds via the TEZAUR program online, starting Monday (March 10, 2025).
Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania Association.
Romanian drug manufacturer Antibiotice Iasi in 2024 registered total revenues worth RON693 million, up 8%, and RON99 million net profit, 23% above the 2023 level.
Winemaker Purcari in 2024 reached RON382.4 million revenues, 3% higher than in 2023 amid the 13% increase on the main wine segment. Net profit shrank by 10% to RON57.3 million.
Hidroelectrica, the largest company listed on the Bucharest Stock Exchange, in 2024 registered RON4.1 billion net profit, down 35%, and RON9.1 billion revenues, 25% lower than in 2023.19260 items