Today Wednesday, May 31, 2023 in the Romanian Newspapers

Greece’s AVAX Signs EUR673.5M Contract With MGH For New Mintia Power Plant
Greece’s AVAX Group has signed a EUR673.5 million contract with Iraq’s Mass Group Holding (MGH) to design, build and make operational the combined cycle power plant in Mintia, near Deva, it announced. May 31, 2023

Bonas Switches To RON117,000 Net Profit In Q1/2023 After 73% Surge In Sales To RON7M Vs Q1/2022
Cluj-based dairy producer Bonas Import Export (BONA.RO) has announced sales of RON7 million for the first quarter of 2023, up 73% on the year, and a net profit of RON117,300 from a loss of (...)
May 31, 2023

Dumagas Seeks To Scale Down Activity In Romania And Focus On Western Europe
Local freight forwarder Dumagas, recently acquired by Omnia Capital, a company held by Matei Ladea and Bogdan Georgescu, is evaluating possible changes to its business strategy, aiming to reduce (...)
May 31, 2023

EY: UK And European Banks Report Strong Progress Towards Basel III Compliance
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025 implementation deadline, according to a new EY (...)
May 31, 2023


Two New Companies Listed On Bucharest Stock Exchange To Be Included In MSCI Frontier IMI Indices
The shares of the companies Societatea Nationala Nuclearelectrica (SNN.RO), the sole producer of nuclear power and nuclear fuel using CANDU 6 type technology in Romania, and One United Properties (...)
May 31, 2023

INS: Romania Building Permits Down 32.3% YoY In April 2023
Romanian authorities issued 2,677 residential building permits in April 2023, 20% fewer than in March 2023 and 32.3% fewer than in April 2022, data from the country’s statistics board INS showed (...)
May 31, 2023

Romania Unemployment Rate Inches Up To 5.6% On Month In April 2023
Romania’s unemployment rate stood at 5.6% in April 2023, higher by 0.1 percentage points than 5.5% in March 2023, data from the country’s statistics institute INS shows on Wednesday (May (...)
May 31, 2023

Healthcare Network Regina Maria Invests over EUR3M in Biggest Regional Lab
Healthcare network Regina Maria has invested over EUR3 million in the largest regional lab, located in Cluj-Napoca, a city where the company has so far poured around EUR25 (...)
May 31, 2023

Footprints AI: Shopping Basket Monthly Average Value Up 10-15% in 2022
The monthly average value of the shopping basket went up by 10-15% in 2022, with foodstuffs and consumer goods prevailing, reveals an analysis by Footprints AI, a Romanian company that operates (...)
May 31, 2023

Hochland Romania 2022 Profit Up 40% To RON46.7M YOY
Hochland Romania, a major dairy producer locally, in 2022 reached turnover worth RON728.8 million (EUR147.8 million), up 31% on the year, in line with ZF calculations based on Finance Ministry (...)
May 31, 2023

Fashion Retailer New Yorker Sees 2022 Turnover Go Up 24.3% To RON518.5M YOY
Cluj-Napoca-based NY’ER, manager of local New Yorker stores, for 2022 reported turnover of RON518.5 million (EUR105.2 million), 24.3% higher than in 2021, in line with ZF calculations based on (...)
May 31, 2023


DHL Romania 2022 Turnover Tops RON500M, Up 20% YOY
Courier services company DHL International Romania, a major player on the local courier services market, boosted its revenues by 20% in 2022, to RON505 (...)
May 31, 2023

Biscuit Maker Croco Aims to Invest EUR12M to Develop Onesti Plant
Croco, a Romanian biscuit manufacturer with a plant in Onesti, Bacau county, plans to invest EUR12 million starting 2024 over two years.
May 31, 2023

Pharma Group Bioeel 1Q/2023 Turnover Rises 40% To over RON215M
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in the first quarter of this year raked in turnover of above RON215 million (around (...)
May 31, 2023

Cereale Colect Distribution Doubles Turnover in Two Years
Cereale Colect Distribution of Tulcea county, a business owned by Romanian entrepreneurs Tase and Dina Mergeani, generated turnover worth above RON850 million in 2022, almost double the 2020 (...)
May 31, 2023

Romanian Senate president: rotation of Government seats will take place when possible
The planned rotation of the ministries among the ruling coalition's partners in Romania "will be done when it can be done," the acting president of the Senate and deputy president of the Liberal (...)
May 31, 2023

Masterbuild: demand for industrial constructions in Romania is robust
The growth in the construction sector at the beginning of 2023 comes mainly from the retail and manufacturing segment but also from the logistics sector, as international operators continue the (...)
May 31, 2023

Greek constructor builds 1.75GW gas-fired power plant for Mass Global Energy in Romania
Mass Global Energy Rom, owned by Jordanian entrepreneur Ahmad Ismail Saleh, selected Avax Group, one of the largest and oldest construction conglomerates in Greece, to build a 1.75GW gas-fired (...)
May 31, 2023


Artrom Steel Tubes Posts 32% Growth In Revenue To RON1.9B In 2022

We As Web Opens Offices In UK And Germany; Eyes Expansion Into Austria, The Netherlands And France

Arobs Group Doubles Revenue In Q1, 2023

Adobe Revenue Increases 34% In Romania In 2022

Orange Romania Reports Higher Net Profit And Turnover, But Lower Staff Numbers For 2022

Huawei Revenue Up 31% To RON1.9B In Romania In 2022

Allianz Trade: Number Of Companies Going Insolvent Grows At Accelerated Pace Worldwide

Lidl Romania's 2022 Net Turnover Up 23% YoY To Over RON18.5B; Net Profit Up 11% YoY To Nearly RON1B

One United Properties Shares To Be Included In Two MSCI Indices As Of June 1

Software Developer Reports Turnover Of Over EUR13M For 2022, Up 40% YoY

certSIGN Reports Consolidated Turnover Of RON24.5M For Q1/2023, Up 52% YoY

Caracal case: Gheorghe Dinca gets final 30-year jail sentence for murder

Bucharest to relaunch double-decker tourist bus route after three years

WWF: Romania’s Forestry Code ineffective in stopping illegal logging, shipments

June 1 mini-break: Workshops, circus & theatre shows for children at Open Streets event in Bucharest

Survey: 65% Of Companies In Romania Got Involved In CSR In 2022 As Part Of Their Sustainability Strategy

An oak for The Oaks: Rugby fans can help plant trees in Romania

Romania among countries with highest revenue growth from international tourism in 2023

Cushman & Wakefield Echinox: Demand for industrial and logistics spaces still growing in Romania

BoardingPass: Wizz Air cancels a dozen winter routes from Romania

BCR Debuts On Bucharest Stock Exchange With First International Issue Of Green Eurobonds By A Romanian Bank

Romanian students claim gold, silver and bronze at the Asian Physics Olympiad

(P) InterContinental Athénée Palace Bucharest: A New Era of Luxury Hospitality near the Romanian Athenaeum

Logistic Firm Expansion Props Warehousing Space Demand in 1Q/2023

Romanian government beset by strikes in all public sectors

Fortim Trusted Advisors: Bucharest Still Most Dynamic City in Office Leasing

French Retailer Auchan Leases 2,600-Sqm in U•Center Second Phase

Update: King Charles III’s visit to Romania will be private, British ambassador says

Employers will be bounded to offer more payment transparency to their future and actual workers

Smithfield Romania 2022 Turnover Flat YOY

Czech TESLA Leases ELI Park Braila almost Entirely for EUR100M Battery Plant

Romania’s Govt. sweetens its offer to teachers in strike

Poll shows wide difference between main ruling parties in Romania

Romania’s ruling coalition says it found solution to special pension problem

PwC: 71% of Romanian companies migrated to the cloud at least for part of processes

Moldova’s airline HiSky reports rising activity, expects 2 mln passengers by end-2023

Romania’s competition body investigates Sony’s dominant position in the video games market

Dacia Sandero confirmed as best-sold model in Europe in April

Romanian e-tailer eMAG reports smaller revenues but moves to profitability

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