Found 18957 news
ELI Parks, one of the largest industrial and logistics park developers in Romania, announces the signing of a new lease with DAAS, a leading provider of commercial refrigeration solutions in the country, part of international group Epta.
NAGA, the Frankfurt Stock Exchange-listed fintech active in over 100 countries, launches NAGA Earn, a new service aimed at investors looking to earn a return on idle cash sitting in trading accounts.
Turbomecanica (stock symbol: TBM), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, ended the first quarter of 2025 with profit of RON4.2 million, up 227% against the result reported in the same period of 2024.
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has completed an investment of RON17 million for the modernization of the electricity distribution infrastructure in the locality of Sacele, Brasov County.
Real estate developer Hagag Development Europe, held by businessman Yitzhak Hagag, plans to turn into hotel the old office building of the former Institute of Hydroelectric Studies in capital Bucharest.
AQUILA (AQ.RO), one of the largest actors in the fast-moving consumer goods distribution sector in Romania and in the region, posted almost RON740 million revenue in the first quarter of 2025, an increase of 19%, and 3% lower net profit, RON19 million, as a result of the new turnover tax, as well as the reduction in financial revenue, it said in its financial report to the Bucharest Stock Exchange.
Real estate developer One United Properties (ONE.RO) posted consolidated revenue of RON352 million in the first quarter (January-March) of 2025, 16% lower than in the year-ago period and RON96.2 million net profit, 39% lower, according to its financial report published on the Bucharest Stock Exchange.
French do-it-yourself (DIY) retailer Leroy Merlin has signed a lease contract for approx. 4,000 square meters of office space in the Floreasca Park building located in the Barbu Vacarescu-Floreasca area, one of the largest business hubs in capital city Bucharest.
Romania's trade balance posted a deficit of EUR8.45 billion in January-March 2025, higher by 27% than the level recorded in the same interval of 2024, data from the country's statistical office INS showed on Monday (May 12).
Transavia, one of the largest poultry producers in Romania, established by entrepreneur Ioan Popa 34 years ago, has a reached a cumulated value of its brands of EUR115 million, 10% higher than in 2024, according to Brand Finance.
The major car dealers in Romania are increasingly betting on the new brands imported from, China.
Hampton by Hilton Hotel in Targu-Mures, opened by the Gogolák family in 2024, expects revenue to reach RON9 million in 2025, up from the RON7 million last year, its officials say.
Aerostar Bacau (ARS.RO), a supplier of aerostructures, subassemblies and hydraulic systems for global manufacturing programs, posted RON21 million net profit in January-March 2025, 16% lower than in the year-ago period.
In the context of economic turbulence built up over the years and amplified to a worrying level by the prolonged electoral period, the American Chamber of Commerce in Romania – (AmCham Romania), calls for responsibility and dialogue, essential to prevent an irreversible decline in investor confidence in Romania.
The European Bank for Reconstruction and Development has subscribed PLN140 million (EUR33 million) in a PLN1 billion (EUR235 million) bond issue of Poland’s Żabka Group, which is present in Romania through the froo store brand.
Romania's Competition Council is looking into the transaction by which Metlife, Inc. intends to acquire PineBridge Investments Americas Holdings Limited and, indirectly, Digital Cable Systems S.A. and Akta Telecom S.A.
The Romanian leu has slightly extended gains against the euro by midday Friday (May 9) and the country's central bank set the leu’s reference rate at 5.116 units versus the euro, which is 0.1% higher than Thursday's level of 5.1222 units per euro.
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, climbed on Friday May 9, to 7.31%, from 7.25% on Thursday.
Law firm Filip & Company has assisted the banking syndicate that granted a EUR100 million funding to MOOV Leasing, a Romanian operational leasing digital platform.
Green energy producer Hidroelectrica has signed a RON9.04 million contract to install photovoltaic systems on the rooftops of the 20 hydropower plants it owns on Olt river, the company’s first project of this type.18957 items