The longest summer sledding track in Romania is set to open in the mountain town of Sinaia, some 120 km north of Bucharest, most likely around August 1. The investment is valued at RON 12 million (EUR 2.4 million).
The town, which also hosts the famous Peleș Castle, is currently most popular during the winter time. From November 28, 2024 to March 25, 2025, roughly two million accesses were registered by the Transport Urban authority, which manages the ski area in the resort.
With...
Romania’s national tax collection authority (ANAF) has identified over 22,000 individuals who rented out properties on Airbnb and Booking, earning a combined income of RON 260 million (EUR 52.3 million) between 2023 and 2024, Ziarul Financiar reported. According to ANAF, only 20% of these operators have declared...
Romanian investment fund Fondul Proprietatea (BVB: FP), having in its portfolio stakes in companies such as Salrom and Aeroporturi Bucureşti, announced that, following the selection process for a new alternative investment fund manager, the company has shortlisted two candidates: an AIFM based in Luxembourg, in partnership with a global infrastructure asset manager, and an AIFM […]
Norofert (BVB: NRF), a producer of organic inputs and supplier of biotechnology for agriculture, listed on the AeRO market of the Bucharest Stock Exchange, announced its turnover rose by 12% y/y to RON 45 million (EUR 9 million) in 2024. The company also said it returned to profit in 2024 (RON 3 million), supported by […]
Telecommunications operator Digi Romania, the local subsidiary of the Romanian group Digi Communications (BVB: DIGI), has secured two export credit loans totaling EUR 54.76 million to expand its network infrastructure in Romania and Portugal, according to a note to investors sent by Digi. The loans, which have a four-year maturity, will commence on April 30 […]
Romania's largest refinery, Petromidia, part of Rompetrol Rafinare group controlled by the KMGI group, will increase its fuel exports to 1.76 million tonnes this year to reach the highest volume of exports in six years. The group's exports will account for 35% of its output. Even though the domestic market remains a priority, the plan […]
Romania’s national gas producer, Romgaz (BVB: SNG), plans to establish a subsidiary in the Republic of Moldova as it expands its supply operations beyond the domestic market. The proposed company, Romgaz Furnizare M, based in Chisinau, would be engaged in the sale of natural gas via pipelines, according to a note to investors sent by […]
