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Transilvania Broker de Asigurare Ends Q1/2024 With RON0.9M Net Profit, Down 80% vs Q1/2023
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers on the local market, ended the first quarter of 2024 with net profit of RON0.85 million, down 80.4% on the year, (...)
May 15, 2024
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Romgaz Rakes In RON1.24B Net Profit In Q1/2024, Up 28% YoY
Natural gas producer and supplier Romgaz (SNG.RO) ended the first quarter of 2024 with net profit of RON1.24 billion, up 28.4% from the same period of 2023 and up 98.6% versus the fourth quarter (...)
May 15, 2024
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Raiffeisen Bank Romania To Go With Visa As Its Only Card Partner
Raiffeisen Bank has decided to go with Visa at its only card partner, which means the bank will be issuing new cards for those who already have Mastercard Raiffeisen Bank cards, its officials (...)
May 15, 2024
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Infinity Capital Investments Switched to RON22M Net Profit in Q1/2024 from RON3.3M Losses in Q1/2023
Alternative investment fund Infinity Capital Investments in the first three months of 2024 registered a RON3.17 billion net asset, the highest in the past ten years.
May 15, 2024
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Antibiotice Iasi Records 13% Revenue Growth in Q1/2024. Net Profit Climbs 68%
Antibiotice Iasi, the largest Romanian-owned drug manufacturer, saw revenues reach an overall RON192.5 million level, 13% higher than in the year-earlier period.
May 15, 2024
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American Independent Film Festival holds 8th edition in Bucharest and Bran Castle
The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical (...)
May 15, 2024
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FORT Shares To Start Trading On AeRO Market On May 17
Cybersecurity company FORT, part of Bittnet Group (BNET.RO) has announced that its shares will start trading on the Multilateral Trading System (the AeRO market) of the Bucharest Stock Exchange, (...)
May 15, 2024
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Romania passes law allowing guide dogs to accompany people with disabilities in all public spaces
Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide (...)
May 15, 2024
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Romanian audiobook and e-book platform Voxa expands abroad, plans EUR 2 mln investments in Italy
Voxa, the leader among audiobook and e-book streaming applications in Romania, has embarked on an international journey by extending its operations in Italy. Starting on May 15, the service will (...)
May 15, 2024
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EBRD Keeps Romania’s GDP Growth Forecast At 3.2% For 2024; Sees Local Economy Accelerating To 3.4% In 2025
The European Bank for Reconstruction and Development (EBRD) has maintained its projection for Romania's economy in 2024, at 3.2%, similar to the estimates in September 2023, and it expects the (...)
May 15, 2024
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Statistics Board: Romania's Economy Inches Up 0.1% YoY In Q1/2024
Romania's economy grew by just 0.1%, in unadjusted data, in the first quarter of 2024 compared to the same period of 2023, data from the country's statistics board INS showed on Wednesday (May 15).
May 15, 2024
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Premier Restaurants to open 7 new McDonald’s restaurants in Romania this year
Premier Restaurants Romania, the operator of local McDonald's restaurants, said it plans to open seven new locations in 2024. At the same time, it will continue the modernization and (...)
May 15, 2024
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Romania Average Net Salary Up 6.3% In March 2024 vs February 2024
The average net salary in Romania increased by 6.3% in nominal terms in March 2024 compared to February 2024, to 5,185 (EUR1,043), data from the country's statistics board INS showed on (...)
May 15, 2024
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Internet speed on the rise in Romania in 2023
Last year, internet users in Romania registered an average download speed of 587 Mbps for fixed cable internet, an increase of approximately 10% compared to 2022, and an average upload speed of (...)
May 15, 2024
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Global Forum on Modern Direct Democracy starts in Bucharest
Bucharest hosts the 12th edition of the Global Forum on Modern Direct Democracy this week, from May 15 to 18. The event features dozens of electoral debates and sessions on multiple topics (...)
May 15, 2024
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Bike-sharing system I’Velo launches in Timi?oara, its sixth city in Romania
The bike-sharing system I’Velo by Green Revolution launched in Timi?oara, western Romania, this week, increasing its nationwide footprint to a total of six cities. The residents of Timi?oara can (...)
May 15, 2024
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50 Top Pizza 2024: Romanian pizzeria among best in Europe
Pizzeria Zano in Ia?i, eastern Romania, ranks 49th in Europe according to the 50 Top Pizza 2024 guide. The awarding ceremony was held in Madrid on May 13. 50 Top Pizza, considered by people in (...)
May 15, 2024
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