Latest news
Tuesday, 4 June, 2024
11:49
IBB Holding Group and Max Bögl, partnership infrastructure tenders
IBB Holding has a solid reputation built over time through the high-quality services provided in the implementation of highly complex projects in infrastructure.
11:38
Eurowind Energy finalizes initial foundation of Pecineaga wind farm
Scheduled to become operational in 2025, the wind farm in Constanța County will incorporate a total of eight foundations corresponding to the eight turbines.
11:36
NextUp: Too many SMEs in Romania have not automated business operations
Digitization is not a luxury, but the foundation on which the agility and ability of entrepreneurs to immediately respond to market needs is built.
11:00
Retele Electrice tender for modernization of energy infrastructure in Constanta
The value of the tender is RON 41.8 million, and the beneficiary of the work is the company Rețele Electrice Dobrogea.
Friday, 31 May, 2024
17:39
AROBS announces publication of prospectus for a €32.5 million capital increase
The group will offer a maximum of 174,258,721 new shares to investors. The operation starts on June 3, 2024.
17:33
Agroland Business System posts revenues of RON 74.5 million in Q1 2024
Operating profit amounted to RON 5 million, a 29% increase over Q1 2023, while net profit was RON 2.2 million, a 62% rise.
16:55
CEB and Sector 6 in Bucharest join forces to build a state-of-the-art hospital
The agreement signifies a joint commitment to enhance healthcare infrastructure in Romania.
10:32
Kinstellar advises Globalworth on logistic portfolio to CTP Europe
The transaction was signed in March 2024 with closing having occurred in May 2024.
Thursday, 30 May, 2024
19:40
Rompetrol Rafinare announces two new units for EURO 5 components in diesel production
This special equipment is designed and executed for operation at considerable temperatures and pressures, in an environment with the presence of hydrogen.
16:29
Romanian Millennials and GenZs think that use of GenAI will have beneficial effects
Nearly half of Romanian Gen Zs (47%) and 33% of Millennials expect their personal financial situation to improve.
16:07
Business transformation for future: Between necessity and slow decisions
To meet the demands of a changing world and an increasingly competitive economic environment, transformation has become a key trend over the past two years for large companies.
16:03
Nearly 80% of Gen Z employees spend time off at least once a month with their teammates
Among Millennials and Gen X employees, percentages are 56% and 52% respectively, according to a survey of 1,247 respondents nationwide by Genesis Property.
15:52
New retail spaces projects totaling 120,000 sqm due to be delivered in 2024
Only one scheme (5,000 sqm GLA) was delivered during Q1, namely Cometex Hunedoara, this being the lowest recorded quarterly new supply since Q1 2017.
13:12
NNDKP assisted CTP in acquiring Globalworth's fully owned logistics portofolio
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania
Wednesday, 29 May, 2024
09:45
Romanian companies accelerate AI implementations, investments reach 10% of revenue
In the next five years, those who delay adopting AI solutions risk being overtaken by companies that embrace these technologies now.
Tuesday, 28 May, 2024
20:29
Courier companies account for over 50% of success in expanding online stores abroad
Flexibility in delivery options is considered important and very important by over 90% of online stores aiming to deliver internationally.
16:56
City Grill Group celebrates 20 years of activity: What guests expect from restaurants
City Grill Group restaurants are top destinations for Bucharest residents and beyond, being visited daily by nearly 20,000 customers.
16:11
Colliers: An increasing number of employees are returning to the office
The hybrid working system has remained in practice in many companies even after the end of the pandemic, but the number of employees returning to the office is growing.
15:54
For 6 out of 10 employees, wellbeing benefits are a priority in choosing a job
Wellbeing at work is very important for Romanian employees, with 6 out of 10 employees considering that benefits in this area are a priority in choosing a job.
15:30
Strong financial and commercial start at 30th anniversary year for ING Bank Romania
Thanks to continuous and prudent lending policies, provisions were still low at approximately RON 58 million, but higher than in the same period last year.
Monday, 27 May, 2024
16:50
Summer 2024 - Romanians interest for new destinations increases
Germany is the fourth most popular destination for the summer, after Italy, Spain and Greece.
14:45
DP World Romania expands business area in Romania at One Cotroceni Park
The new lease agreement followed an efficient real estate process led by CBRE Romania and spans a term of 10 years, covering a surface area of 700 square meters.
14:32
Fragedo best ranked brand in the food industry in Brand Finance Romania
Up by almost 27% compared to the previous year, Fragedo ranks 14th, up by one position, confirming consumers' appetite for safe and high-quality Romanian products
14:21
AmCham promotes Romania as a destination for American Investments at U.S – Romania Economic Forum
The U.S. - Romania Economic Forum: Partnership for Growth will gather officials from both administrations and leaders of American companies in Romania.
Thursday, 23 May, 2024
12:15
Brico Dépôt Romania announces sales of £63 million in Q1 of 2024
The retailer's sales reached £63 million, up 12.3% on the previous year and up 14.7% on a like-for-like basis at constant exchange rates.
12:09
Imports of agricultural and agri-food products from Italy increased by 14.2% in 2023
Romania exported €952 million worth of agricultural and food products to Italy, down 6.2% compared to 2022, Italy being the top destination for Romanian exports in this category.
11:56
Dino Parc Rasnov has doubled economy of Rasnov town in just 8 years
According to an economic impact study conducted by BrandBerry, Dino Parc Râșnov managed to boost the tourism potential of the entire town of Râșnov thanks to more than 3.5 million tourists
11:49
Eurohold and EIG officially launched €500M arbitration proceedings against Romania
Eurohold Bulgaria and Euroins Insurance Group have filed a Request for Arbitration against Romania at the International Centre for Settlement of Investment Disputes.
11:42
Currency war: Reality or fantasy?
In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.
11:15
Restart Energy completed two photovoltaic projects for Com Divers
Restart Energy has so far completed more than 120 PV projects and more than 50 MW installed with the help of which 13,209 kg of CO2 emissions have been avoided.
11:09
Deloitte study: sustainability will drive a massive shift of the CFO function
EU Corporate Sustainability Reporting Directive (CSRD) imposes new reporting requirements for which CFOs are generally appointed responsible.
10:50
Crystal Dental Clinic enters corporate dental services, a market up to €2.7 billion in value
Crystal Dental Clinic announces a turnover of €2.6 million for 2023 and the expansion to the B2B segment through dental service subscriptions.
10:42
How much it costs to open a 3-star hotel in Romania: from €50-60,000/room
Alina Vladulescu and Catalina Toma are partnering and launching WIN Advisors, a regional hub for hotel consulting and management.
10:37
New ETF tracking BET-TRN to start trading on May 29th, 2024
The newest ETF on the local capital market will start trading on the Bucharest Stock Exchange on May 29th, 2024, with symbol ICBETNETF.
10:27
Simtel posts a tripling of consolidated net profit in the first three months of 2024
Simtel Team posted, at consolidated level, operating revenues of RON 45.9 million in the first quarter of 2024, down 30% compared to the same period last year.
Tuesday, 21 May, 2024
14:22
Garanti BBVA Romania contributes €48 million to syndicated loan for Ford Otosan Romania
The financing will be used to support the production of the new Ford Puma, the Ford Transit Courier and Ford Tourneo Courier models, as well as the production of their all-electric versions.
12:51
Romanian real estate investment market closes Q1 2024 with transactions of €202 million
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
12:24
Acquisition of F-35 aircraft will accelerate Romania's technological transformation
Romania is uniquely positioned to capitalize on the benefits of acquiring and operating the F-35 Lightning II for the upcoming decades.
11:40
Study: half of working women experience more stress than a year ago
The study shows that the share of women who feel burned out has fallen to a quarter, compared with more than a third in 2023 and nearly half in 2022.
11:33
tbi bank reports 40% growth and highest Q1 profit
tbi bank's consolidated unaudited financial results for the first quarter of 2024 show net profit of €11.3 million – almost 40% higher than the profit in Q1 2023.
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