Latest news

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.
15:05
Silver has seen a 20% increase in price in 2024
Tavex experts recommend holding investment silver for at least five years to achieve a return above the rate of inflation.
14:56
Signal Iduna is relaunching two insurance products for home and alternative transport
Household goods insurance against disaster risks, providing homeowners peace of mind regarding the costs of repairing or replacing affected personal belongings.
14:33
ELBI Group announces turnover of almost RON 555 million in 2023
The results are up 19% compared to 2022, when the group ended the year with a turnover of over RON 467 million.

Monday, 13 May, 2024

15:16
Romanian IT specialists enhance Command and Control software development for NATO
Systematic will provide the SitaWare Headquarters software suite that will be used by NATO Command Structure, reinforcing the Alliance's operational capabilities.
12:39
Rompetrol Rafinare completed turnaround of Petromidia refinery
Rompetrol initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance and modernization.
12:35
White Image: Requests for bank loans, a success rate of 4% in Q1 2024
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year.
11:48
Roland Berger: Significant growth in investment by private equity investments in Romania in 2024
Over 70% of the study participants anticipate an increase in the number of completed transactions in Romania by investment funds, after 20 were completed in 2023 transactions.
10:24
Garanti BBVA in 2023: Solid profit and significant increases in loans and deposits
Garanti BBVA Romania recorded a net profit of RON 177 million in 2023 and operating revenues of RON 521 million.
09:28
QOOBISS: Implementation of e-KYC Solutions could Increase customer base by 20%
Telecom operators' adoption of e-KYC solutions could decrease the dropout rate in the enrolment process by approximately 20%.
09:23
APS and EBRD invest in NPL portfolio in Romania
The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
09:13
MOL Group Q1 results: solid performance amidst difficult external circumstances
MOL Group Profit before tax reached $382 million in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year.
09:05
OTP Bank Romania operating profit in Q1 2024 down 5% to RON 45 million
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
08:58
One United Properties posts a gross profit of €37 million in Q1 2024
One United Properties posts a consolidated turnover of €84.3 million for Q1 2024, a 5% decrease compared to Q1 2023.
08:48
Safetech Innovations doubled turnover and net profit in Q1 2024
In the first quarter of 2024, at the individual level, cybersecurity services contributed 30% to total turnover, and implementing cybersecurity solutions contributed 70%.

Friday, 10 May, 2024

14:52
Retele Electrice companies to reach 1.7 million smart meters installed in 2024
53% of customers served by Retele Electrice Muntenia, 50% of those in Banat and 59% of those in Dobrogea will have smart meters by the end of the year.
14:16
Two former managers left corporation to start a business in medical field
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business in the medical industry in Romania.
10:00
Saint-Gobain and OMV Petrom sign agreement for purchase of green power
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level.

Thursday, 9 May, 2024

14:47
Packaging market seeing increase in demand, especially for complete solutions
The packaging market experienced a revival process in the first quarter of the year, following an upward slope.
14:40
Neakaisa.ro: RON 8.5 million turnover in Q1 2024, up 20%
The showroom in Bucharest continued to have a positive impact on business development in the first quarter, after generating around 10% of turnover in 2023.
14:12
Kinstellar advises BIG Mega Renewable Energy on a €92 million financing
The Urleasca wind farm is expected to make a significant contribution to Romania's renewable energy goals, with generation capacity of 292 GWh per year.

Wednesday, 8 May, 2024

10:55
Deloitte Romania assisted PIB Group on acquisition of Stein Bestasig
The transaction was signed in April 2023 and concluded in April 2024, following approvals received from the Competition Council.
10:31
Foreign direct investment in Europe declines for first time since pandemic
European foreign direct investment faces first decline in three years with number of projects down 4% and jobs down 7% in 2023.
10:16
Eviden opens the first cloud and cybersecurity center in Romania
Located in Timisoara, the new center combines cloud and cybersecurity capabilities, offering customers a unique portfolio of cloud services.
10:09
European Social Innovation Competition 2024 open for applications
The European Social Innovation Competition, funded by the European Innovation Council under Horizon Europe, aims at raising awareness about social innovation across a wide audience.

Tuesday, 7 May, 2024

17:24
Advancing sustainable finance in Central, Eastern and South-Eastern Europe
Massive investments, and hence long-term finance, are needed to decarbonise the electricity sector in Central, Eastern and South-Eastern Europe and improve energy efficiency.
17:14
Digi Communications N.V. to distribute RON 120 million in dividends
In 2023, Digi Communications registered €1.7 billion in consolidated revenues (+13% YoY) and an adjusted EBITDA of €591.2 million (+17% YoY).
17:05
MetaWealth and One United Properties sign €20 million framework agreement
Romania's No. 1 property developer lists first asset on the real estate tokenization platform, with two more underway in the following 12 months.
16:58
Abris Capital set to exit Scanmed following three-year growth
Sale of private healthcare provider to the American Heart of Poland Group, backed by Gruppo San Donato Italy and GKSD Srl, will deliver an outstanding return to Abris investors.

Friday, 3 May, 2024

15:41
Indotek Group revives Plaza M with signature tenants from €16 million
The announcement marks the completion of a €16 million investment by Indotek that created a premier mass-market destination for international retail brands.
15:18
Raiffeisen Bank: 50% growth in financial planning in Q1 2024
At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking application.
13:02
BRD net profit in Q1 2024 at RON 326 million, down from RON 342 million in Q1 2023
BRD individuals' loan production touched a new record level, RON 2.35 billion in Q1 2024, +43% YoY, building on consumer loans' best quarter ever, with a growth of +51% YoY.

Tuesday, 30 April, 2024

14:57
Financial influencers are replacing family and friends as information source
And a new class of information providers is making its way toward the mind of retail investors: the financial influencers, who are active on platforms like Tik Tok or Instagram.
12:26
CMS advises Iberdrola on sale of wind power assets in Romania
CMS has advised global energy company Iberdrola on the agreement to sell Eolica Dobrogea One wind company, their Romanian 80MW wind energy production facility.
11:36
EIF closes European Year of Skills with three InvestEU-backed guarantee agreements
EIF to guarantee over €100 million in financing through three intermediaries, to give underprivileged students and learners better access to education and training.
11:00
Efficient Romania 2024: energy efficiency and decarbonisation of buildings
The latest review of the Energy Performance of Buildings Directive sets ambitious objectives to reduce global consumption of energy of the EU buildings.

Monday, 29 April, 2024

14:21
Corporate insolvencies in Central & Eastern Europe increased in 2023
Nine countries experienced a higher number of insolvencies, and three countries recorded a decrease (Bulgaria, Croatia and Latvia).
14:14
Risk analysis in agriculture, main theme at Agri Risk Management conference
Aon România is organizing the event Agri Risk Management: National Conference on Agricultural Risk Management in partnership with CSR Nest.
13:48
Horváth: 75% of world trade is through indirect sales channels
At least 75% of world trade is conducted through indirect sales channels (partner networks) and 80% of executives consider them important for business.
POPULAR
1
Energy
4 months ago
Romania's Senate passes energy price cap extension
2
Economy
3 months ago
IMF downgrades growth forecast for Romanian economy
3
Economy
3 months ago
Romania records highest EU deficit in 2024
4
Real estate
6 months ago
What to expect from Romania’s real estate sector in 2025?
5
Energy
2 months ago
Romanian households brace for higher energy prices once caps end