“We are in a situation where everyone is unhappy. The government is unhappy because it has to raise taxes and has no choice. The population is dissatisfied because inflation is high, interest rates are high, poverty is increasing. The renewable […]
Accor, a leading global hospitality group, announces the signing of a franchise agreement with local partner Grand Hotel West for the opening of a new Mercure hotel in Oradea in 2026. The brand-new hotel – currently under construction – will […]
ArcelorMittal, the world’s leading steel and mining company, and Schneider Electric, the leader in the digital transformation of energy management and automation, announced a partnership whereby ArcelorMittal will supply Schneider Electric with XCarb® recycled and renewably produced steel for its electrical […]
In the first 9 months of 2023, EBITDA at Electrica Group level increased by 13.5 percent, reaching a value of 1.25 billion RON, compared to the value of 1.1 billion RON achieved in 9 months 2022. The company recorded a […]
KFC sees ‘huge opportunities’ to grow on the Romanian market in the next years, according to Sabir Sami, CEO of KFC. “Even in the current economic context, we see the opportunity to grow our business. We are the fastest growing […]
Transelectrica announced its financial results for the first nine months of the year. The net profit reached 207 million, a decrease of 212 million RON (-51 percent) compared to that recorded in the same period of 2022, mainly because in […]
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces today its consolidated financial results for the nine months ended 30 September 2023. The Group’s turnover decreased by 21 percent (Q1-Q3 2023: RON 2.24 […]
The European Investment Bank (EIB) and Antibiotice, Romania’s leading pharmaceutical manufacturer, have joined forces to boost the production of medicines in Romania. The 25 million Euro loan agreement will help finance the construction of a state-of-the-art production, packaging, and storage […]
Hyatt, leading global hospitality company, is prospecting the Romanian market as part of its strategic expansion plans in Eastern Europe. The group is seeking to make its entry into the local market by opening an upper-scale hotel in Bucharest, featuring […]
After six months from taking the new role within Vienna-based AUSTRIACARD, member of AUSTRIACARD HOLDINGS, Pierre Alain Bauer, a result-driven manager responsible for the group’s geographical area in CEE, CIS, Italy & Dach, took hold of overseeing the objectives and […]
