Latest news

Monday, 25 March, 2024

14:26

Packeta Romania's business grew 30% in 2023 to €21.7 million

The turnover achieved by Packeta Romania represents 7% of the total turnover, of over 294 million euros, that Packeta Group, registered in 2023.

13:34

One United Properties targets turnover of €349.9 million in 2024

The consolidated gross profit target is €123.5 million, 15% higher than the result for 2023, while the net profit is estimated to reach €105 million in 2024.

13:25

New five-year lease for Yusen Logistics in CTPark Bucharest

The new logistics hub of the company will benefit from a refurbishment process of the CTP to align with ESG standards

Friday, 22 March, 2024

11:15

Romanian IT geeks creates AI-based e-commerce robotic force

A Romanian team of young tech geeks designed five AI-based robots which can tirelessly work as brand manager, sales agent, data engineer and influencer.

11:00

Romania, top ranking for water losses and unaccounted & unbilled quantities

In Europe, out of four glasses of clean water extracted and produced, one is lost on the way to the final customer and never reaches the tap.

10:50

HP extends the partnership with YUNITY Park for another 5 years

Genesis Property and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park.

Thursday, 21 March, 2024

15:39

Mercure opens new hotel in Moldova's Capital city

Accor, a world leading hospitality group, today announces the grand opening of Mercure Chisinau Center Jazz in Moldova.

15:17

Romanian SMEs turning to second-hand furniture amid rising prices

Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.

12:56

Maintenance costs for office buildings increased by 9% in 2023

The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.

12:37

M&A study: Strategic investments outpacing financial investments in 2024

The Study analyses a record 559 deals throughout 2023, indicating the resilience and adaptability of the European M&A market amidst challenging global conditions.

12:17

Forecast 2024: Romanian economy will grow by 2.7%

In 2024, Romania's economy is expected to continue its growth trend, but at a more moderate pace.

10:01

RebelDot revenus up 40% in 2023 due to AI projects

RebelDot achieved a customer Net Promoter Score (NPS) of 91.2%, placing it in the top 1% of tech companies globally

Wednesday, 20 March, 2024

20:27

PayPoint Romania processed transactions worth over RON 13 billion in 2023

More than 100 million transactions, worth a total of RON 13.6 billion, were processed through the approximately 25,000 PayPoint partner stores.

18:19

Analysis: Retail, main engine for economy, shows signs of failure

Without measures to support consumption, Romania risks losing its most important engine of economic growth.

14:10

Exports of goods on the rise, over 20% growth this year

e automotive and electronics industries are the engine of the transport of Romanian goods to Europe.

12:43

Xiaomi's 2023 adjusted net profit soars 126.3%

he Group's total revenue was RMB271.0 billion, while its adjusted net profit surged by 126.3% to reach RMB19.3 billion.

12:32

European Commission launched tenth edition of European Capital of Innovation Awards

The prize is awarded to European cities that are front-runners of innovations that benefit their citizens.

Tuesday, 19 March, 2024

12:26

New obligations for companies and Romanian consumers regarding PET bottles

Food containers for immediate consumption, such as coffee cups and food boxes, should also be made from sustainable materials.

12:20

Syndicated loan of €200 million for CTPark Romania development

The funds will be utilized to refinance the development of 40 green logistics buildings (Green buildings) of Class A.

12:13

MLP Group records 29% revenue growth, with 2024 set to be harvesting time

Value of investment properties reached PLN 4 541.5 million (+2% vs. 31 December 2022), EUR 1 044.5 million (+11% vs. 31 December 2022).

12:05

ING launches digital solution for joint spending account

ING Bank Romania announces the launch of the account for joint spending ING Together, dedicated to those who choose to manage their money together with other close people.

11:01

Norofert begins assembling production line in USA

Norofert announces the start of a production line for inputs and an investment of €250,000 in one of the most important agricultural area in the USA

10:40

Report: Local tourism fully recovered in 2023

The number of Romanian tourists staying in the country's hotels reached almost 7 million in 2023.

10:27

First Romanian CFD Scheme to be launched this year

Ministry of Energy launched on 14 March 2024 under public consultation the draft for the Government Decision and the CfD template agreement.

10:16

EXEC EDU launches new edition of scholarships for entrepreneurs

EXEC-EDU launches the fourth edition of the EXEC-EDU scholarship program, dedicated to entrepreneurs.

Monday, 18 March, 2024

12:17

From ESG and building certification ratings to new regulations and technology

The role of green building certifications changes from final objective to an important step in decarbonization and sustainability strategies.

11:26

Turnover of RON 313 million for SIPEX in 2023, up 7.4%

SIPEX,one of the largest distributors of construction and finishes materials from Romania, announces the preliminary financial results for the year 2023.

11:17

Hexing invests in 8,000 sqm facility in Timisoara

Hexing invests heavily in 8,000 sqm facility generating over 100 high value jobs in Timisoara, at Globalworth Timisoara Industrial Park I, assisted by CBRE.

10:38

Morphosis Capital Fund I ended 2023 with €100 million turnover

Morphosis Capital Fund I Cooperatief UA, a growth capital fund, posts a combined turnover of €100 million in 2023 for its portfolio companies.

Friday, 15 March, 2024

12:38

RE/MAX Romania: Transactions of over €2.5 billion in 10 years

In a decade of activity on the local market, RE/MAX Romania has grown into a national network of 60 franchises and 700 real estate consultants.

12:03

Emerging market currencies squeezed until Q3, 2024

Emerging market currencies are going to be under pressure until at least the third quarter of 2024.

11:58

ETF BET Patria - TradeVille reaches assets of RON 220 million

The number of investors in the fund also increased more than 12 times in these three years, from 1,483 at the end of February 2021 to 18,265 in February 2024.

11:54

tbi boosts car loan requests by 25% in response to rising demand

In the current economic context, buying a car can pose a significant expense for Romanians, and securing favorable financing terms isn't always straightforward.

11:30

ING Bank finances Medisprof Group to build oncology hospital

ING Bank Romania has financed Medisprof Group, which owns the largest private oncology hospital in western Romania, to expand in the region of Moldova.

Thursday, 14 March, 2024

17:16

Speedwell starts construction of second residential building of PALTIM

Speedwell announces the start of construction works for the second residential building of the mixed-use urban regeneration project, PALTIM.

13:17

Midia Marine Terminal - over 700 vessels operated in 15 years

Midia Marine Terminal exceeded the threshold of 700 vessels operated at the offshore marine terminal, located 8.6 km off the Black Sea.

13:08

Two out of three local tax payments with Visa were made online in 2023

The taxes paid online represented almost 60% of the total value of local taxes paid with Visa cards in 2023.

11:08

Report: New homes supply is decreasing in Bucharest

The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.

Wednesday, 13 March, 2024

11:35

Romanian annual inflation rate down to 7.2% in February 2024

The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.

11:19

Businesses favor gradual adoption of Generative AI

More than a third (38%) of enterprises seek measured, incremental GenAI roll-out.

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