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Nidec electric motor and drive and control equipment factory in Oradea, owned by the Japan’s Nidec Group, posted RON168.7 million (EUR33.9 million) revenue in 2024, down 24.4% from the previous year’s almost RON223.3 million (EUR45.1 million), according to ZF calculations based on Finance Ministry data.
Electronic components manufacturer Plexus Services Ro, the local subsidiary of US group Plexus, posted RON1.907 billion (EUR383.4 million) revenue in 2024, up about 28.5% on 2023’s RON1.484 billion (EUR300.1 million), according to ZF calculations based on Finance Ministry data.
Cold cuts factory Meda Prod 98, one of the biggest actors on the market, controlled by Luchi Georgescu, ended 2024 with RON317.6 million revenue, up 9.6% year-on-year, Finance Ministry data and ZF’s calculations show.
Maspex Romania, one of the largest players on the beverage market, as well as an important player in the snacks and food segment, has budgeted a 7% increase in revenue for 2025, which could exceed RON1.34 billion.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, ended the July 7-11 week at 6.75%, flat from Thursday, July 10.
Romanian entrepreneurial group Agroland, present on the agribusiness, retail, food production and animal nutrition market, reported its two feed factories, located in Caransebes and Isalnita, produced a total quantity of 7,268 tons. This figure represents a 50% increase compared to Q2 2024, while also marking a 1% rise versus the previous quarter.
Credit Europe Bank continues its evolution under a new name, Nexent Bank, starting July 11. The transition reflects a clear direction toward the consolidation of a modern, transparent banking experience, oriented towards clients’ needs.
Romania’s annual inflation rate went up to 5.7% in June, after having climbed to 5.5% in May, the highest level of the past year and a half.
Finqware, a Romanian fintech specializing in the treasury management automation, has become a profitable company, with a positive cashflow, and is on a growth trajectory, generated by local and international clients.
Grup Feroviar Roman, the most important company part of Grampet group, leader of the rail freight transport market, ended 2024 with RON1 billion turnover, flat from 2023, and 2,652 employees, but expects RON997.4 million this year.
Electryphy, a local tennis equipment brand, was set up by Cristi Dragnea and Monica Nitescu in the wake of a EUR100,000 investment. The brand was launched this June, but the entrepreneurs are already planning foreign expansion.
Low-cost airline Blue Air has gone bankrupt, as neither its management nor its majority shareholder, the Romanian government, managed to attract an investor, Infinexa, a Romanian entrepreneurial company specializing in restructuring and financing companies in difficulty, announced on Thursday.
Romania's Finance Ministry raised RON1.7 billion from banks on Thursday (July 10), selling government paper in two auctions, at annual average yields of 6.85% and 7.31%.
The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies' leu-denominated loans, continued its downward trend and dropped to 6.75% on Thursday (July 10) from 6.77% on Wednesday (July 9).
METRO Cash&Carry, which operates on the cash & carry segment, where it owns a network of 30 stores, wants to open three more large stores in the coming years, though slightly smaller than the already existing ones.
Law firm Filip & Company advised the syndicate including Banca Comerciala Romana S.A, BNP Paribas, Citigroup Global Markets Europe AG, ING Bank N.V., JP Morgan SE, Raiffeisen Bank International AG, BT Capital Partners S.A., Intesa Sanpaolo S.p.A., Societe Generale and UniCredit Bank about the first green bond issue of Electrica (EUR500 million).
Romania's trade balance posted a deficit of EUR14 billion in January-May 2025, higher by 16.4% than the level recorded in the same interval of 2024, data from the country's statistical office INS showed on Thursday (July 10).
International rating agency Moody’s considers the fiscal-budgetary measures recently adopted by the Romanian government as an “important step” toward restoring budgetary balance, specifying the plan should narrow the gap and slow down public debt growth faster than previously anticipated, in line with the agency’s latest report, published on July 9th, and quoted by Romania Finance Ministry.
Romania owns approximately 11% of CEE-6 stock of modern leasable industrial spaces, a similar weight with that of five years ago, as all the markets in the region have witnessed rapid expansion, reveals a regional survey conducted by Colliers.
Electronic device manufacturer Visual Fan, which owns Allview brand, has signed a EUR9.2 million contract for the development of an electricity storage system in Toplita, Harghita county.18948 items