Latest news

Simtel Team announces the signing of three contracts for the energy supply through GES Furnizare SRL (GES), an entity in which Simtel holds a 62% stake.

Women in Romania earn on average 4.5% less than men, well below the European Union average of 12.7%. Still, the indicator in the private sector is way higher (8.6% on average).

This collaboration combines Deloitte's SAP implementation skillset and AI teams of experts with UiPath's AI and automation technology

With double-digit premium growth and a strong increase in profit, Vienna Insurance Group (VIG) presents a particularly successful financial year 2023.

In 2020, 63% of paper and card was recycled in Romania, compared to a European average of 82%

The largest urban regeneration project in the North of the Capital - Nusco City has signed a partnership with the renowned Fuksas Architecture Studio.

Business has its eyes firmly set on a positive future, and leaders are looking to expand and grow with confidence.

The value of the company increased by 23% in the two years of its presence on the capital market, and at the time of the transfer it had a capitalization of RON 234.7 million.

In 2023, Pepco has employed more than 30,000 women in its European retail chains, with women accounting for up to 93% of the retailer's workforce in Europe.

Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.

2023 report shows great consolidated financial results, with growing profitability and increasing income.

In 2023, Alpha Bank Romania continued to adapt to challenges and changes in the macroeconomic environment.

Entrepreneurs from Bacau can learn how to create and develop their own businesses at Hub Orizont, a space launched by the Municipality of Bacau.

TeiuS Solar, part of the Eurowind Energy group, a Danish developer and operator of wind, solar and hybrid projects, announces the launch of the Teius Photovoltaic Park project.

The gross dividend proposed to be distributed from the individual profit is RON 0.1178 per share, and the total gross value of the dividends is RON 40 million.

The fund's strategy is in line with the Green Deal focusing on climate and environmental impact.

Europeans are confident about their travel spending power in 2024 despite the ongoing cost of living pressure across the continent.

Romanian companies anticipate improvement of macroeconomic indicators such as GDP, inflation and unemployment, but still adopt a prudent approach as uncertainty remains high.

Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024.

Over the last two years, geopolitical tensions have escalated across the world, fragmenting the global trade landscape.

Rodbun Group, a leading Romanian company active in the agribusiness sector, has signed a syndicated credit facility totalling €101.5 million.

This year should be a much better year for tech startup funding, after 2023 was the worst in nearly a decade.

Institutional investors and wealth managers expect the correlation between bonds and equities to turn increasingly negative over the next 12 months.

Romanian companies rely more and more on interpersonal and friendly relationships with employees and business partners, investing more in being different and memorable.

Fulfill.ro, the e-commerce logistics division of Mediapost Hit Mail, the largest integrator of direct marketing services in Romania, has reached a 37% increase in turnover in 2023.

Romanian brands would have resounding success in other countries, but most entrepreneurs are still reluctant to expand their business internationally.

Chocolate is in high demand this season. Valentine's Day, now Martisor, the international women's day, nothing says more I cherish you than some flowers with a box of chocolates.

Aktor, a member of the Intrakat Group, organized on Tuesday, a ceremony to mark the official start of drilling at the first tunnel on the Apața-Cața section.

As expected, 2023 recorded a high-speed rebound in insolvencies in three out of four countries (55% of global GDP).

Investments include the completion of a new bottling and storage facility, as well as the expansion of the distribution network, key strategic elements in the upcoming period.

13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents

The BMW Group and NTT DATA Romania have signed an agreement to establish a Joint Venture (JV) in Romania.

Connections (CC), a digital transformation company, has increased its revenue by 203% in 2023, reaching 177 million lei.

Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.

AccelerAction, a virtual space that connects DeepTech innovators across Europe and that is funded by the European Union, is launching Collab.

Simtel Team announces the complete takeover of Oasis Green Energy 3, a project company developing a photovoltaic park in Salonta, Bihor County.

The global professional services company has fortified its presence in Romania through an office lease meant to easily accommodate its expansion perspectives

International law firm CMS has advised The Cicor Group on its acquisition of 100% of the shares of Romanian engineering company, Evolution Medtec SRL.

The Public Country-by-Country Reporting Directive (Public CbCR) was published in the Official Journal of the European Union (EU) on 1st December, 2021.

Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.