Bucharest takes top spot in ranking of most affordable European capitals to live in
A new ranking has revealed the most affordable European capitals to live in, with Bucharest, Romania, topping the list. The ranking was compiled by personal finance experts at Finansvalp by (...)
Mar 29, 2024
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Purcari Wineries Acquires Timbrus Purcari Estate
Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it (...)
Mar 29, 2024
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Zara To Bring “Pre-Owned” Program In Romania
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 (...)
Mar 29, 2024
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Pambac Invests Almost EUR9M In Upgrades and Retooling
Pambac, one of the largest players in the milling and pasta product market in Romania, has budgeted investments of approximately EUR9 million for this year to upgrade its pasta plant, to retool (...)
Mar 29, 2024
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Artists from six European countries come to Europavox Festival Bucharest in April
Europavox Festival Bucharest, an event aiming to highlight some of the newest and most interesting live music acts from all across Europe, returns to Control Club this spring for its fourth (...)
Mar 29, 2024
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Romanian officials mark 20 years of NATO membership
Romanian officials marked 20 years since the country joined the North Atlantic Treaty Organization (NATO) on Friday, March 29, noting the importance of Romania’s membership in the defensive (...)
Mar 29, 2024
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Premier Energy Targets Integrated Business Model
Premier Energy, the third leading household supplier of natural gas in Romania, held by Czech investment company Emma Capital, will focus on integrating the recently acquired CEZ Vanzare on (...)
Mar 29, 2024
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Bucharest mayor says urban plans he blocked in court were billion-euro corruption scheme
The district urban plans (PUZ) endorsed by district mayors were corruption schemes generating billions of euros, Bucharest mayor Nicusor Dan argued. He said that four of the six such district (...)
Mar 29, 2024
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Korea’s DS Private Equity joins Romania’s Small Modular Reactors programme
Korea’s DS Private Equity (DSPE), part of Korea’s DS group, will join as a financial investor the Romanian project company RoPower, formed at this moment by state-controlled Nuclearelectrica (...)
Mar 29, 2024
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Hidroelectrica assures investments will continue despite 100% payout ratio
The CEO of Romanian hydropower group Hidroelectrica (BVB: H2O), Karoly Borbely, assured that despite the 100% dividend payout ratio proposed by the management, the company has enough resources (...)
Mar 29, 2024
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Lebanese investors buy 50% of Romanian mineral water bottler Aqua Bilbor
Maria group, controlled by Lebanese investors, will take over 50% of the Romanian mineral water bottler Aqua Bilbor for a price of EUR 12 million after the national competition body greenlighted (...)
Mar 29, 2024
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Romania tweaks energy capping scheme and prolongs it until March 2025
Romania will keep the electricity and natural gas price capping scheme for another year, until the end of March 2025, under an emergency ordinance passed on March 28. Some parameters of the (...)
Mar 29, 2024
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Romania’s Govt. endorses EUR 450 mln grant scheme for underdeveloped regions
The Romanian government approved on March 28, at the proposal of the Ministry of Finance, a state aid scheme that provides grant financing for investments with a major impact on the Romanian (...)
Mar 29, 2024
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Faist Eyes 10% Higher Turnover In 2024, Up To EUR55M
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, has budgeted a 10% increase in turnover for 2024 vs 2023, up to EUR55 million, as (...)
Mar 29, 2024
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Aquila Part Prod Com Seeks To Distribute RON85M Dividends From 2023 Profit: Yield Of 5.9%
Aquila Part Prod Com (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, has called shareholders for an April 19 meeting to vote, among (...)
Mar 29, 2024
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123 Form Builder Ends 2023 With Net Profit Of RON6M vs RON0.4M In 2022
Timisoara-based 123 FormBuilder, a cloud-based web form builder that enables businesses of all sizes to create surveys, forms, quizzes and polls, ended 2023 with net profit of RON6.3 million, up (...)
Mar 29, 2024
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Retailer Coralia Com Ends 2023 With EUR14.1M Turnover, Up 8.1% YoY
Sighisoara-based Coralia Com, held by entrepreneurs Ovidiu Moldovan an Dan Per?e, reported a turnover of nearly RON70 million (EUR14.1 million) for 2023, up 8.1% on the year, as per calculations (...)
Mar 28, 2024
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