Bucharest Exchange-listed Premier Energy Group, active in the renewable electricity generation and energy supply activities in Romania and Moldova, announced its revenues rose by 25% y/y to EUR 816 million in January-September and by 61% y/y to EUR 303 million in Q3 alone, driven by both organic performance and strategic acquisitions. The net profit, however, shrunk by 58% y/y to EUR 26.5 million.
The normalised EBITDA saw an 8% increase to EUR 72.3 million after a strong Q3 in which...
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
REHAU, the German leader in polymer-based solutions for the construction, automotive, and industrial sectors, announced the appointment of Paul Chipriean as Country Manager for Romania at the beginning of this year, taking over for Alexandru Oprea, who will move on to a new strategic regional position. Concurrently, Paul Chipriean will also serve as Director of […]
Moldova will not compete in the Eurovision 2025 song contest. The decision was made "following a detailed analysis of the current situation, as well as economic, administrative, and artistic challenges," the organizers stated. The announcement was made on Wednesday, January 22, by the director of the national television Moldova 1, Corneliu Durnescu, and the head […]
Low-cost airline Wizz Air said that it continues its expansion at the Sibiu base with the allocation of a second aircraft in the summer of 2025, bringing the total number of aircraft in Romania to 33. The company will thus increase capacity in the Transylvanian city by adding over 320,000 seats, a 58% increase compared […]
