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Damen reportedly sues Romania over Mangalia shipyard agreement
Dutch company Damen "sued Romania" at an international arbitrage court (Vienna International Arbitral Centre according to Europa Libera Romania), asking for the termination of the agreement (...)
Apr 25, 2024
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wiiw expects Romania’s economy to perform “particularly strongly” in 2024
Despite the challenging international environment and significant downside risks, the economies of most Central, Eastern, and Southeastern European countries are expected to perform well in 2024 (...)
Apr 25, 2024
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Romanian conductor Cristian M?celaru named music director of Cincinnati Symphony Orchestra
The Cincinnati Symphony Orchestra (CSO), the oldest orchestra in Ohio, has appointed Romanian conductor Cristian M?celaru as the 14th music director in its 129-year history. M?celaru, who (...)
Apr 25, 2024
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Parc Hotels Complex Ends 2023 With RON63.4M Turnover, Up 3% YoY
The Parc Hotels complex, one of the largest hotel companies that includes four-star units Ramada Parc and Ramada Plaza located in northern Bucharest, ended 2023 with a turnover of RON63.4 (...)
Apr 24, 2024
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Bucharest Stock Exchange To Distribute RON12.5M Dividends To Its Shareholders
The Bucharest Stock Exchange (BVB.RO), the operator of the capital market in Romania, announced that during the April 24 meeting its shareholders approved distribution of RON12.5 million (...)
Apr 24, 2024
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Deloitte: Real Estate Companies In Central Europe Anticipate Increased Investment In 2024
Half of the real estate companies in Central Europe (49%) estimate investment to increase in 2024 and only 19% expect a decrease (lower than 51% in 2023), amid improving perception of growth (...)
Apr 24, 2024
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Mega Image Owner Ahold Delhaize Announces Opening Of Technology Center In Bucharest
Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest that will employ around 250 specialists over the (...)
Apr 24, 2024
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Kearney: Romanian Banks Registered Above Average Income Growth Vs European Peers In 2023
Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in productivity metrics like profit per customer (...)
Apr 24, 2024
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OMV Petrom Approves Distribution Of RON2.6B Dividends From 2023 Net Profit
Romania’s largest oil and gas producer, OMV Petrom, announced in a stock market report that its shareholders approved in their ordinary general meeting of April 24 the distribution of a gross (...)
Apr 24, 2024
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Biofarm Shareholders Approve Distribution Of Dividends Worth Over RON30M, With 3.8% Yield
In their ordinary general meeting of April 24, the shareholders of pharmaceutical producer Biofarm Bucuresti (BIO.RO) approved, among others, the financial statements for 2023, the budget of (...)
Apr 24, 2024
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Carbochim Cluj Napoca Eyes 20% Turnover Growth In Next Two Years, To Over EUR9M
Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, plans to grow its turnover by 20% in the next two years, to over EUR9 million.
Apr 24, 2024
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Dent Estet Has Invested EUR12m In Medical Infrastructure Since 2016
Dent Estet, an actor on the Romanian dental clinic market, has invested over EUR12 million in medical infrastructure since 2016, reaching 18 clinics in the largest cities in the country.
Apr 24, 2024
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Cisco Study: Very Few Organizations Prepared To Defend Against Today’s Rapidly Evolving Threat Landscape
Only three percent of organizations across the globe have the ‘Mature’ level of readiness needed to be resilient against modern cybersecurity risks, according to Cisco’s 2024 Cybersecurity (...)
Apr 24, 2024
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OMV Petrom To Test Carbon Capture And Utilization Facility At Petrobrazi
Romania’s largest oil and gas producer, OMV Petrom, will be testing a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.
Apr 24, 2024
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