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Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) ended the first nine months of 2020 with a net profit of RON15 million, threefold lower than in the year-earlier period and its turnover dropped 28% on the year to RON214 million.
International rating agency Standard&Poor’s (S&P) affirmed the 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Romania Friday (Dec 4), but the outlook remains negative.
Romanian-owned Lemet, one of the largest furniture manufacturers in Romania, will build a new production facility on the site of its plant in Brebu, Prahova, to integrate more operations.
Retailer Profi, held by buyout investor Mid Europa Partners, will end the year with almost EUR2 billion (more than 9 billion lei) sales, following more than 20% growth in 2020.
Toy retail, a rising market in the past few years, ended 2019 with 1 billion lei total sales by the companies in the business of retail sale of games and toys in specialized stores, Trade Register data show.
The Bucharest Stock Exchange (BVB) on Friday said the three issues of government bonds for the general population, within the FIDELIS program carried out on the capital market by the Finance Ministry between November 9 and 27, will start trading Monday, December 7.
E.ON will be installing over 700,000 smart meters in Romania and some 2.5 million in Germania in the next ten years. Investments are meant to reconfigure and redesign energy systems with a view to fulfilling climate protection objectives.
President and Chairwoman of Exim Bank US Kimberley Reed will arrive in Bucharest Monday to discuss the agreement between the bank and the Romanian government for the financing of energy and infrastructure project, said US ambassador Adrian Zuckerman.
Druid, the only company in Romania specialized in developing AI chatbots, and PwC Romania announced Friday an agreement with supermarket chain Profi for the automation of its HR processes using chatbots.
Hidroconstructia, one of the largest builders in Romania, plans to hire more than 100 foreign workers next year, to add to those it is already employing.
Mailing services company Pink Post expects growth of 10% in revenue year-on-year in 2020 and expanded its range of services so it also delivered cards for the customers of the banks it works with, says chief executive Cristi Petcu.
Romania is one of the main European suppliers of the major British fashion brands Debenhams, Topshop, Dorothy Perkins and Wallis, which have announced store closures or filed for insolvency in the past week.
Insurance companies Groupama Asigurari, Uniqa Asigurari, Uniqa Asigurari de Viata and the Pool of Insurance against Natural Disasters (PAID) Romania have established the Romanian Employers Association in the Insurance Industry (PIAR).
Romanian airline Blue Air on Thursday said it would launch flights from the “Avram Iancu” Cluj international airport to London Heathrow and Amsterdam starting March 1, 2021.
Investment fund GapMinder Venture Capital has carried out an additional investment of $550,000 in local startup Deepstash, which facilitates the identification, collection and organization of ideas of interest for companies, and also tracks negative feedback in social media.
TradeVille, a broker with an experience of over 25 years on the stock market, reduces the minimum trading commission from EUR15 to EUR7 for transactions carried out on a series of large global stock markets in North America, the eurozone and UK.
A survey by Romania’s Competition Council shows the use of Big Data technologies is becoming more important for enhancing the competitiveness of companies, but, at the same time, it may lead to establishing and artificially keeping prices high.
Media agency Mindshare has taken over the media planning and buying account of oil and gas company OMV Petrom (SNP.RO) on the Romanian market and it will be providing Petrom with consulting and medial strategy services for all media (TV, Online, Print, Radio, Out of Home media).
Romania's finance ministry on Thursday raised a planned RON500 million (EUR102.6 million) selling bonds maturing in October 2030 at an average yield of 3.34% a year, central bank data showed.
eMAG, the leading online retailer in Romania, is launching a program aimed at supporting retailers on the offline segment to digitalize their business.18948 items