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Although 60% of organizations in Romania are involved in AI (artificial intelligence) utilization, either through testing or adoption planning, only 11.2% have successfully implemented the technology, finds a recent study by EY on emerging technologies.
Romania boasts the third fastest growth pace globally in terms of expenditure on dining out, after Turkmenistan and China, among almost 80 countries analyzed from Europe, Asia and North America, in line with Oxford Economics data quoted by Colliers.
German group Hella, part of Forvia conglomerate, the world’s seventh largest car supplier, continues operational reshuffling in Romania and announces, according to some market sources, the shutdown of its Iasi software development center, less than two years after closing the similar unit of Oradea.
Jasill group, active in the field of tax consulting, accounting, audit and HR services, has completed the takeover of Excelcont, one of Romania’s oldest accounting, audit and HR entrepreneurial firms.
Romania telecom market in 2024 suddenly lost one of the companies part of the so-called “billionaires” club, with annual turnover of above RON1 billion, in line with Finance Ministry data.
Private equity fund MidEuropa Partners is in advanced talks for a new acquisition in Romania, of a company that has an entrepreneur and an investment fund among shareholders.
Tinervis Group, the company that operates pretzel shop chain Luca, controlled by entrepreneur George Adragai, in 2024 posted turnover worth RON617.1 million (EUR124 million), up 17.3% from 2023, in line with ZF calculations based on Finance Ministry data.
Carmo-Lact Prod, the Bistrita-Nasaud-based company producing Monor brand, controlled by entrepreneurs Eugen Creosteanu, Ioan Neagos and Alin Neagos, for 2024 reported turnover worth RON293.7 million (EUR59 million), up 17.7% from 2023, in line with ZF calculations based on Finance Ministry data.
Fitness center chain Stay Fit Gym, a leading local player on this market, continues rapid expansion and plans to reach 68 units by yearend, from 53 at present.
Romanian Business Consult (RBC), the largest IT solutions integrator for the retail industry in Romania, ended last year with RON235.9 million (EUR47.4 million) revenue, up 20% compared with 2023, Finance Ministry data show.
Tecno Plast Cugir, a manufacturer of plastic components for the automotive and household appliance industries, posted EUR25 million revenue in 2024 and estimates an increase in revenue to EUR29 million in 2025.
Vladimir Kalinov, vice president of the Retail Division of Raiffeisen Bank since 2011 will be leaving his position, the bank said in a report to the Bucharest Stock Exchange, where it has several bond issues listed.
Fibula Air Travel, one of the largest tour-operators in Southeastern Europe and leader in Eastern Europe and Switzerland, is expanding its business model in Romania with a new move: the launch of its own platform for direct sales to tourists.
The delay in reaching a political agreement to form a stable government willing to assume the economic and fiscal measures Romania urgently needs increases concern within the business community, generates societal tensions, and sends negative signals to investors, financial partners, and rating agencies.
Romania's energy output decreased by an annual 5% in January-April 2025, to 5.917 million tons of oil equivalent (TOE), mostly due to a decline in hydro and wind power generation, the country's statistical office INS said, citing provisional data.
Eight in ten Romanians already have plans for the 2025 summer vacation and most of them prefer the Romanian seaside resorts, according to a recent survey by Raiffeisen Bank, in partnership with global market research company Appinio.
Pharmacy chain Ducfarm, with 28 units in Ardeal area, hit RON564 million turnover in 2024, after a 23% increase against 2023.
Fornetti Romania, a leading player on the local pastry market, ended 2024 with RON239 million turnover, down around 8% from the previous year.
UNIQA Asigurari and UNIQA Asigurari de Viata, operating in Romania under the umbrella of Austrian group UNIQA, ended the first quarter of 2025 with total underwritten premiums worth EUR40.5 million, up 15% from the year-earlier period.
Ene family of Prahova, which owns Romanian air filter and protection mask manufacturer Eversted, has won an EU fund project for a new, EUR5 million, air filter plant.19260 items