Orange, the telecom market leader in Romania, has announced appointment of Carl Al Khawand chief financial officer (CFO) of the Orange Romania Group, as of July 1, 2024. He will take over from Adela Guedon, who will continue in the Orange Group as CFO of the cybersecurity division, Orange Cyberdefence ..read more

The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up to EUR95.3 million (RON473.69 million). The measure will enable the company to restore its long-term viability, while minimizing competition distortions ..read more

Premier Energy Group, held by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiří Šmejc, has acquired the Mihai Viteazu wind park in Constanta (southeastern Romania), with a total capacity of 80MW ..read more

Virgil Ichim, CEO of Allianz-Tiriac Pensii Private, is stepping down from his role effective April 30, 2024, in order to pursue other career opportunities and challenges, as per a press statement ..read more

Germany, France and the United States of America hold the top three spots among countries that control enterprise subgroups in Romania, as per the latest report on enterprise groups released by Romania's statistics board INS, on April, 29 ..read more

Romania remains at the bottom of the European Union rankings in terms of innovation, with the proportion of Romanian companies introducing new or improved products or business processes to the market standing at 8.8% in 2020-2022 period, marking a decline of 1.9 percentage points compared to 2018-2020 period, in line with data released by Romania's statistics board INS on Monday (April 29 ..read more

Romanian executives forecast growth of activity in construction and retail trade, relative stability in the number of employees in manufacturing industry and services, and price growth in construction and retail trade, for the period April – June 2024, in line with a survey carried out by the country’s statistics board INS ..read more

Online retailer eMAG is launching a new shop-in-shop, with hair care, styling devices and make-up products, Hair & Make-up Shop ..read more

Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Austrian real estate developer Immofinanz ..read more

CANCOM Romania, a subsidiary of CANCOM SE, one of the leading integrated IT services providers in Germany, in 2023 registered RON6 million net profit, up 79% from the previous year ..read more