Latest news
Thursday, 12 December, 2024
10:29
Delgaz Grid finalizes investment of over RON 56 million in smart metering in Iași
The distribution network was upgraded by replacing about 8.8 km of cables and more than 1,800 switchboards.
10:24
OVES Enterprise aims for €20 million revenue in 2024
The company continues to heavily invest in research and development, focusing on the Nemesis AI platform.
Wednesday, 11 December, 2024
15:00
Fewer homes get completed in Romania in Q1-Q3 2024
The total number of homes completed in Romania in the first nine months of the year was 42,312, down by 18.1% compared to the same period last year, according to a report by the National Institute of Statistics (INS).
13:07
BlueCash 50, new payment solution from Danubius and Banca Transilvania
The BlueCash integrates the functions of a cash register and a banking POS terminal into one compact device, equipped with a suite of business applications to optimize operations.
13:04
Leroy Merlin leases 8,800 sqm at CTPark Bucharest West
Leroy Merlin, part of the French ADEO Group, is one of the largest DIY retailers in Romania, operating an extensive network of 22 stores in 16 cities.
13:00
Schneider Electric announces industry's most compact power protection system for AI
Galaxy VXL is compatible with both Lithium-ion and VRLA batteries, and with its Live Swap function.
12:55
BASF invests in increasing production capacity of Neopor
Focus on EPS insulation materials with optimized sustainability profiles such as Neopor BMB and Neopor Mcycled.
10:12
Romanian athlete kicks off resi development in Bucharest region
Romanian football player Florin Tănase and FIFA agent Florin Vulturar have jointly started the development of a new residential project in Pipera, located in the northern region of Bucharest.
09:45
Key factors behind slow sales of electric vehicles - it's not about money!
Government incentives remain one of the main factors for choosing an electric vehicle, and the example of Germany illustrates this perfectly.
09:41
Florin Tanase and Florin Vulturar start development of Noura Residence
The construction of the project already started, with the delivery date being estimated for the end of 2026.
09:36
A flock of swans flies over financial markets
Black swans are rare and unexpected events with severe consequences and the potential to cause a change in a formerly held belief or system of beliefs.
09:31
Garanti BBVA Leasing secures €20 million loan from BSTDB to support Romanian SMEs
This facility marks the fourth financing agreement between BSTDB and Garanti BBVA Leasing during their ten-year partnership.
Tuesday, 10 December, 2024
15:10
CEE property investments set to exceed €10 billion in 2025
The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.
12:48
BCR Seed Starter announces first investment: €500,000 in FieldOS
FieldOS was founded in 2021 by Cristian Dragomir and Ion Gavrilescu and serves as a digital one-stop shop for managing field employees and their resources.
12:39
Techbolide moves headquarters to Business Garden Bucharest
Techbolide's activities intensified, the team has grown substantially, tripling its employee number in recent years.
12:33
INVL Baltic Sea Growth Fund signs agreement to acquire Pehart Group
The transaction with Abris Capital Partners is expected to be completed in the first quarter of 2025.
12:25
Romanian real estate investment market ended 9M of 2024 with transactions of €650 million
Romania records the strongest performance among the six largest economies in Central and Eastern Europe.
12:20
GenAI adoption within European financial services firms held back by lack of upskilling
Majority (90%) of firms surveyed have adopted AI into operations to some degree, but most remain in the early stages and 8% have not integrated AI at all.
12:15
Nespresso reaffirms commitment to sustainability
Nespresso presents the results of the study and talks about the sustainable business interventions that it has already integrated in recent years.
12:07
Regina Maria relocates Policlinica Baneasa in Baneasa Airport Tower
Following an investment of €5 million, this relocation underlines Regina Maria's commitment to the quality of medical care.
08:00
Northern Bucharest to continue to drive resi demand
Victor Terheș, Sales Director at Bellemonde, talked to Property Forum about the status of its €40 million residential investment in northern Bucharest and the growing demand for homes in this area in the long term.
Monday, 9 December, 2024
14:31
BVB launches revised corporate governance code for Romanian market, with EBRD support
The main purpose of the code is to support the issuer's corporate resilience in a rapidly changing world.
14:27
NEPI Rockcastle acquires Silesia City Center in Katowice, Poland
The shopping center, with a total lettable area of more than 88,400 sqm, occupies a dominant position in Katowice.
14:22
Schneider Electric's new researches forecast AI's impact on energy consumption
The first research, Artificial Intelligence and Electricity: A System Dynamics Approach, examines four possible scenarios for AI's electricity consumption over the next decade.
14:18
OLX Expands its office in America House by 717 sqm to a total of 1,663 sqm leased area
The vibrant and well-connected environment of America House has played a key role in supporting OLX's growth, expanding from 65 employees in 2017 to approximately 200 employees.
10:23
LIFE Group analysis: Dental prices up to 80% cheaper than in Western Europe
There are more than 7,800 dental clinics and around 9,500 dentists in Romania and the average cost of treatment per patient is Ron 1,000.
10:17
Stock market predictions 2025: Top-performing sectors and key driving trends
After two years of significant growth (20%+ in 2023 and 2024), the S&P 500's returns are likely to "normalize," with a forecasted rise of 11% to 17% from current levels.
Friday, 6 December, 2024
15:30
Three years of growth for AROBS on Bucharest Stock Exchange
Over time, the company attracted growing interest from investors, securing a leading position in the BET AeRO index.
15:13
Cushman & Wakefield Echinox: Bucharest has one of youngest office stocks in Europe
In total, over 170 million sqm of office spaces are at risk of becoming obsolete in 2030 across 16 European markets.
15:05
More stable energy supply: Storage systems and green transition
The development of BESS depends on market maturity and regulatory stability. In some countries, frequent regulatory changes and grid access barriers hinder progress
Thursday, 5 December, 2024
11:47
Ahold Delhaize announces approval by Competition Council of Profi acquisition
Ahold Delhaize has undertaken a substantial package of commitments to address the concerns expressed by the Romanian Competition Council related to this transaction.
11:44
Sanprod invests over €500,000 in advanced technologies to increase production capacity
Sanprod's client portfolio includes major players in the construction of warehouses, logistics centers, factories, malls, DIY stores, and residential buildings.
11:31
Clifford Chance Badea advised banks in connection with CEC Bank's latest bond issue
The transaction, which was oversubscribed by institutional investors, represents a new issue launched by CEC Bank within its multi-year €1.5 billion Eurobonds programme.
11:27
LPP Group expands lease at CTPark Bucharest West by 42,000 sqm
The Polish fashion retailer signed its original lease at CTPark Bucharest West for 65,000 sqm in 2023 to create its first foreign distribution centre in Romania.
11:17
EIT InnoEnergy's Skills Institute surpasses 100,000 workers trained
EIT InnoEnergy is supported by the European Institute of Innovation and Technology (EIT), a body of the European Union.
09:07
Praktiker Real Estate buys office building in Bucharest
Praktiker Real Estate, the property company owned by Turkish investor Omer Susli, has purchased the Muntenia Business Center offices, in central Bucharest, from Longshield Investment Group for €8 million.
Wednesday, 4 December, 2024
11:49
EIB joins Multilateral Development Banks in commitment to water security
Improving access to safe drinking water, sanitation, irrigation and enhanced flood protection will support the Sustainable Development Goals.
11:43
Hercesa Romania obtains occupancy permit for Stellaris Residencias
The first building of the Stellaris residential project in western Bucharest is 95% sold, and the works on the second one are progressing according to schedule.
11:38
Digital channels cover half of bank interactions on new product purchases
57% of Romanian consumers buy banking products online, nearly double that of 2020 (30%).
11:33
Most companies in Romania expect increased circular economy regulations impact
Seven out of ten companies in Romania expect an increase in impact of circular economy regulations from moderate to high and very high in the next five years.
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