Latest news

Tuesday, 28 May, 2024

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.
11:21
M4 subway line expansion could attract investments of €3.5 billion in Bucharest
The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest.

Monday, 20 May, 2024

20:38
Up to $2 trillion laundered globally every year. Which are the emerging risks?
Although significant strides have been made in recent years, international relevant bodies estimate that between $800 billion and 2 trillion are laundered globally every year.
10:48
Enterprise Investors to support Sescom's dynamic growth
The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
10:41
Over €6 billion real estate acquisitions in 2023 by luxury retail brands
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
10:31
Housing sales in Bucharest in April 2024 up 63%
April 2024 was a remarkable month for the real estate market in the Capital. The significant increase in sales reflects increased buyer confidence in the market's growth potential.
10:18
Energy Design & Consulting announces over tenfold turnover increase in 2013
For 2024, ED&C estimates a turnover of RON 9 million, consolidating its position as one of the most important players in its field, both nationally and regionally.

Friday, 17 May, 2024

14:32
FORT shares, a Bittnet Group company, starts trading on AeRO market
May 17th is the first day of trading for FORT shares on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT.
11:43
LIBERTY Dunaújváros and CISDI China sign contract for green steel plant in Hungary
New Electric Arc Furnace will deliver huge environmental and competitive advantages.
11:32
Alpha Bank Romania posts net profit of €16 million in Q1 2024
Total assets reached €4.7 billion at the end of the first quarter, up 8% compared to the first quarter of 2023.
11:19
Cargus announces relocation of Sibiu warehouse
Cargus will operate in a new, modern facility, of 3,100 square meters including the warehouse, a Cargus SHIP & GO location and offices.

Thursday, 16 May, 2024

17:26
DP World boosts European trade with over €130 million investment in Romania
Investments mark 20 years of DP World in Romania, with the business predicting it will become an increasingly important hub for European trade.
15:40
BCG: Women leaders in tech outpace men counterparts in Generative AI adoption
Boston Consulting Group study reveals 68% of women in the tech industry say they use a GenAI tool at work more than once a week, compared with 66% of men.
15:11
VGP Romania has started the construction of the third building in VGP Park
Building A covers an area of ​​25,950 sqm and has already two significant tenants, who have signed lease contracts for a total of 8,158 sqm.
14:28
Revenue and gross margin increasing for Impact in Q1 2024
In the first quarter of the year, IMPACT generated revenues of RON 41 million, up 89% compared to the first quarter of last year.
14:20
Rețele Electrice invests RON 190 million in network modernization projects
The three Rețele Electrice companies initiated a public tender on the SEAP platform, with a maximum cumulative value of around RON 190 million.

Wednesday, 15 May, 2024

10:49
Getts: Beauty industry faces unprecedented challenges in the luxury segment and beyond
GETT'S, one of the largest networks in the field of beauty and hairdressing in Romania for the 4 and 5 star segment, announces a new investment by opening a new boutique salon.

Tuesday, 14 May, 2024

22:03
AROBS posts consolidated turnover of RON 105 million in Q1 2024
Revenue from software services remained almost at the same level as in the first three months of 2023, contributing 82% to revenue, respectively RON 86.4 million.
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