Latest news

Tuesday, 11 June, 2024

13:55
EY Future Consumer Index: Consumer optimism on the rise
Data security concerns: 61% of consumers are concerned with ID theft when sharing data, up from 55% 12 months ago.
13:47
JT Grup Oil successfully closes the initial public offering
The fuel supplier ran, between May 28 and June 10, an IPO through which it attracted RON 20 million.
11:40
Over €4 billion in non-reimbursable funds for business development and photovoltaic panel
The Modernisation Fund, Regional Programmes, Rural Development - Agriculture and Start-up Nation 2024 receive the largest allocations. Financial support ranges from €20,000 to over €57 million.

Monday, 10 June, 2024

16:49
H.Essers acquires French transport company TFMO
The acquisition of TFMO aligns perfectly with H.Essers' growth strategy, enabling the logistics company to expand its presence in France.
16:02
Carrefour inaugurates first hypermarket in Bacau
As a result of the integration of large-format Cora stores into the Carrefour universe, the retailer's hypermarket network reaches 57 stores open nationwide.
15:51
Deloitte Romania assists Affidea in taking over Medeuropa radiotherapy network
The transaction was signed in February 2024 and was completed recently, following regulatory and competition approvals.
15:08
Restart Energy One announces intention to issue new bonds on BVB
This is the company's second bond issuance after the one in 2021 when the company raised RON 164 million from investors.
14:46
Veolia strengthens leadership in ecological heating solutions in Romania, through the acquisition of NISAL
Through this acquisition, Veolia will accelerate the implementation of innovative green energy projects, harnessing shallow geothermal energy combined with heat pump technology.
14:39
Prices of construction materials falling amid reduced demand
The construction materials whose prices are increasing, however, are Oriented Strand Boards (OSB), with an advance of 6%, and sandwich panels, whose price is rising by 4%.
12:55
eMAG announces investments of RON 900 million in 2024
In 2023, eMAG Romania recorded a turnover of RON 5.979 billion, an increase of 11% compared to the previous year.

Friday, 7 June, 2024

13:35
First direct flight to USA, after 20 years, took off from Otopeni Airport
The Airbus A330 aircraft, registered in Romania as YR-KID, is expected to land at JFK Airport after an uninterrupted journey of approximately 10 hours.
13:18
EV sales stall in US and Europe as market uncertainty persists
Europe's EV sales slowing due to reductions in EV incentives, lack of affordable EV models, and consumer concerns about insufficient chargers.

Thursday, 6 June, 2024

19:13
”Avram Iancu" Cluj International Airport opens departures terminal extension
The project included the expansion of the departures terminal by approximately 7,200 square meters, the creation of flows for Schengen and Non-Schengen destinations.
18:41
Leroy Merlin will open its first store in Pitesti in H2 2024
The unit in Pitesti is due to open in autumn when the delivery of the new project by Square 7 Properties is scheduled.
15:06
Carrefour Romania announces changes in the company's management structure
Carrefour Romania has announced a series of strategic appointments to the company's Executive Committee, aimed at optimizing operations in all business sectors.
10:42
Romania is experiencing strongest acceleration of industrialization in EU
Investment in production machinery and military equipment in Romania increased by 80% last year compared to the pre-pandemic period.

Tuesday, 4 June, 2024

19:36
FintechOS secures $60 million in Series B+ to simplify core systems modernization
The new funding round comes as FintechOS celebrates significant business achievements, including a 40% year-over-year growth and a 170% increase in operating margins.
19:27
Cocoa: a deceptive fall in prices?
Four companies alone hold almost two-thirds of the world's grinding capacity, and ten companies, all in advanced economies, share more than 40% of the retail confectionery market.
19:18
ECB is set to cut interest rates this Thursday, Fed continues to delay
The rate cut will be a moderate 25 basis points, but it comes at the right time for two reasons: economic growth in Europe is starting to pick up after reaching its lowest level.
18:43
Restart Energy Group signs connection contract with Transelectrica
The agreement represents another important step in the development of a photovoltaic park with an installed capacity of 500 MW to be located in Șimand, Arad County.
17:10
Workspace Studio: 2024 is a budget-centered design year
Budget-centered design reflects a growing trend among companies interested in superior solutions that support the modern office setup and employee activity.
16:45
Construction group PORR announces revenues of €146 million in Q1 2024
At the end of March 2024, in the three countries the PORR group had a portfolio of contracts with a total value of €837 million, 5.5% below the level registered in March 2023.
16:34
Strabag Group reports revenues of €3.43 billion în Q1 2024
At the end of March the portfolio of contracts and orders of the company is stabilized at €24.6 billion, while the number of employees increased by 2%, to 75,482 people.
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.
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