Found 18948 news
Fitch Ratings has assigned Societatea Energetica Electrica S.A.'s (BBB-/Stable) upcoming senior unsecured green notes a 'BBB-(EXP)' expected rating.
OMV Petrom has discovered a new natural gas reservoir in Spineni, around 70 km northwest of Craiova.
Romania construction field started 2025 with an 8.5% increase in the first four months from the year-earlier period, with infrastructure works posting the biggest advance, of over 15%, while the non-residential segment had an almost 2% decline, in line with data analyzed by Colliers.
Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group, for 2024 reported turnover worth RON290.1 million (EUR58.3 million), down 2.3% from 2023, in line with ZF calculations based on Finance Ministry data.
Liberty Galati steel plant ended 2024 with RON2.1 billion revenue, down from RON3.6 billion in 2023, and losses of RON1.6 billion, lower than the previous year, Finance Ministry data show. It had 4,902 employees in 2024, compared with 4,772 in 2023.
Morphosis Capital has raised more than EUR100 million for its second investment fund. The money came from NRRP, from EBRD and from a special purpose vehicle of eMAG’s Iulian Stanciu. The latest name to join this round is IFC, which contributed EUR15 million.
The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.
Digital Keez SRL, the accounting tech startup held by Norway’s IT giant Visma, has announced that Stelian Trandafir has taken over as the company's new Chief Executive Officer (CEO), starting July 1, 2025.
Romania's tax administration ANAF collected RON245 billion in net tax revenue in the first half of 2025, which is 12.2% higher than the level reported in the same period of 2024.
Meta Estate Trust (MET.RO), a holding company operating in the real estate sector, proposes the distribution of cash dividends from its 2024 profit, amounting to RON0.05 gross per ordinary share, which translates into about 7% yield depending on the trading price, according to a report to the Bucharest Stock Exchange.
FintechOS, one of the best-known tech startups launched in Romania, has appointed Sorin Mirea to the position of Vice President of Commercial for Central and Eastern Europe (CEE), starting May 2025.
JD Agro Cocora Group, held by Danish investors through Romania Farm Invest A/S, has invested EUR2.5 million in an irrigation system for 1,000 hectares located in the area of Tandarei, Ialomita County.
A recent survey conducted by eJobs shows that 39% of Romanian employees are not satisfied with their current salary and 52.8% are only somewhat satisfied.
Romania’s unemployment rate stood at 5.8% in May 2025, higher by 0.1 percentage points than the 5.7% level recorded in April 2025, data from the country’s statistical office INS show on Wednesday (June 2, 2025).
Romanians in 2024 spent around EUR40 billion in major retail networks, 7% more than in 2023, but the growth pace slowed down, from 11% in the previous year, in line with the survey Romania Retail Snapshot 2025 conducted by real estate consultancy Cushman & Wakefield Echinox on the basis of the financial results of 123 companies of 13 different fields.
Real estate developer Prima Development Group of Oradea has five new housing projects under development and expects to deliver more than 5,500 apartments in the next five years.
Alu Menziken, a company part of Montana group founded by Austrian entrepreneur Michael Tojner, reported turnover worth RON525.9 million (EUR105.7 million) turnover for 2024, up 10.1% from 2023.
Romanian startup FieldOS, which has developed a platform for field team management, eyes fast growth in the coming period, aiming to double its number of clients and reach turnover of as much as EUR800,000.
Businessman Nicolae Bucovala, who owns several hotels at the Romanian seaside, plans to develop a treatment base from scratch in Mamaia, but is also on the lookout for new hotel acquisition opportunities.
Aramis Invest, the largest furniture manufacturer in Romania, posted RON1.948 billion (EUR391.5 million) revenue in 2024, a slight increase of 1.3% on the previous year’s RON1.922 billion (EUR388.7 million), according to ZF calculations based on Finance Ministry data.18948 items