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After a difficult 2023, when it verged on insolvency and exited the ranking of Romania 10 largest dairy producers, Brasov-based Prodlacta in 2024 saw its turnover rise.
Automobile Dacia has announced a new voluntary layoff program, starting July 1, through agreeable termination of the employment contracts.
Philip Morris International (PMI) has appointed Carmina Fusté managing director of Philip Morris Romania, replacing Mircea Scaunasu as of June 1.
After four years at the helm of NEPI Rockcastle, Rüdiger Dany, will leave the company in March 2026, leaving behind a time of fast-paced growth in revenue, significant retail and renewable energy investments and expansion of the portfolio with strategic projects, including in Romania. NEPI is already looking for a new CEO to ensure a smooth transition.
Ipsos Interactive Services, the subsidiary of one of the world’s leading market research and opinion polling companies, will relocate its Bucharest-based headquarters to the Business Garden Bucharest project developed by Vastint Romania in Bucharest's Orhideea-Grozavesti area.
Gura Portitei Resort, located between the Danube Delta and the Black Sea, officially reopens following renovation works that engulfed EUR10 million.
The European Fund for Southeast Europe (EFSE) has granted a EUR8 million Basel III-compliant Tier 2 Capital subordinated loan to Patria Bank (stock symbol: PBK) to strengthen its capitalization and increase its lending capacity to Micro, Small, and Medium-sized Enterprises (MSMEs) across Romania.
State-owned pharmaceutical producer Antibiotice Iasi (ATB.RO) has announced in a stock market report on June 5 that it recently won the 5th tender organized by the National Health Service (NHS), the UK healthcare system.
Romania's Finance Ministry raised RON595 million from banks on Thursday (June 5), selling benchmark bonds, at an annual average yield of 7.54%.
France’s Vinci, a construction and infrastructure energy group, is said to be interested in buying EnergoBit, one of the most powerful entrepreneurial companies in the business of energy equipment and services in Romania.
PwC Romania is expanding its team of Partners by promoting Adina Vizoli and Silvian Milea within the Tax and Legal Consulting Department.
Swiss-held VAT Group, a leader in the development and production of vacuum valves, has inaugurated its new plant in VGP Park Arad, which is now its third major operational hub worldwide, along with its HQ in Switzerland and the facility in Malaysia.
Romania's hourly labor costs adjusted to the number of working days increased by 16.04% in the first quarter of 2025 compared to the same period of 2024, data from the country's statistical office INS showed on Thursday (June 5).
Romania's Competition Council has authorized the transaction through which Bavaria Cars S.R.L. and AB Immo Cluj S.R.L. plan to acquire certain assets owned by Land Motors S.R.L.
Czech financial group Partners is expanding its footprint in Romania by acquiring loan broker Kiwi Finance, a company that will continue to operate independently, under the same brand and with the same leadership team.
Romanians spent EUR59 million in cinemas in 2024, 5% less than in 2023 as ticket prices rose by 10% last year and the number of spectators was 14% lower than in the previous year, in line with National Film Center data analyzed by real estate consultancy Cushman & Wakefield Echinox.
The increasingly easy access to loans, economic instability and rising constructions costs shaped up a quite tense start to the year for the housing market. Thus, in the first four months of 2025 the number of deals with apartments in Romania declined by almost 9% against the year-earlier period.
Romania banks are at the bottom of the European ranking in terms of profitability per client, with just EUR77, in the context of a EUR168 average in Eastern Europe and a record high EUR238 at the level of the entire Europe, reveals the European Retail Banking Radar report compiled by global consultancy Kearney.
Pascani-based Kosarom group of firms, majority held by Apostol family, is doubling its investment budget in 2025 against 2024 to RON25.8 million (over EUR5 million).
The average asking price for an old three-room apartment in Bucharest built between 1978 and 1990 rose to EUR123,077 in May, according to the ZF Real Estate Index compiled with partnership with SVN Romania. The price was 1.5% or nearly EUR2,000 higher than in April and 14.6% or EUR15,769 higher than in May 2024.18948 items