Latest news

Monday, 17 June, 2024

08:55
Raiffeisen Bank launches MoonShotX, regional mid-Corporate business project
The project, carried out in partnership with InnovX, supports Romanian Mid-Corporate businesses in developing advanced technologies and innovative solutions for Industry 4.0.

Friday, 14 June, 2024

19:05
IFC provides financing for landmark wind plant to boost clean energy in Romania
It will help reduce Romania energy sector's carbon footprint by an estimated 500,000 tons of carbon dioxide equivalent emissions per year.

Thursday, 13 June, 2024

13:13
Green homes have 7 times lower energy consumption and 60% lower energy costs
Speedwell's developments pay particular attention to quality of life, both in terms of comfort and sustainable living.
12:58
Construction works begin on new Bellemonde residential complex
The construction of the Bellemonde project is scheduled to begin in June and will benefit from a total investment of over €40 million.
12:35
Romanian SMEs postpone equipping themselves with an integrated IT system
Romania continues to be among the least digitized countries, including in the private sector, on the European continent.
10:30
After 20 years, Tenaris is exporting over 97% of its production worldwide
Tenaris has transformed the former Silcotub and Calarasi facilities into a world-class operation within its global industrial system.
10:24
PeliPartners assisted Mitiska REIM with a development financing of €19 million
The loan proceeds are intended to fund the development costs associated with finalizing the retail park.

Wednesday, 12 June, 2024

14:11
eMAG Marketplace announces 23% growth for regional sellers in 2023
This growth was supported by the programs that eMAG developed in the last three years marked by investments that amounted to RON 251 million to support entrepreneurship.
13:07
IKEA Timișoara celebrates one year anniversary with over 4 million products sold
In the first 12 months, the store has sold over 4 million products and welcomed more than one million visitors.
13:04
eCommerce logistics provider HelpShip expands in CTPark Oradea Cargo Terminal
This strategic move is in response to the increasing demand for fulfillment and logistics services driven by the rapid growth of e-commerce in Romania.
10:52
Study: Consumers spend 30% more than last year on video on demand services
Households' average monthly spending on streaming video on demand (SVOD) platforms has increased by almost 30% compared to last year, from $48 to $61.
10:38
Lack of new office space in Bucharest forces companies to plan future leasing contracts
Very few projects in Bucharest are expected to be delivered in the next two years: only 15,500 sqm in 2024 and 8,000 sqm in 2025.
10:32
Eurowind Energy gets construction permit for Frumusita wind farm
The project also includes a connection contract to the network operated by Distribuție Energie Electrică Romania, ensuring the integration into the national system.

Tuesday, 11 June, 2024

16:46
OMV Petrom invests €750 million in Petrobrazi in production of sustainable fuels
OMV Petrom is building a facility for the production of sustainable aviation fuels (SAF) and renewable diesel (HVO[1]) and two facilities for the production of green hydrogen.
15:04
Bucharest sells over 50% more residential units than Timiș, Brașov, and Cluj combined
According to the data provided by the National Agency for Cadastre and Real Estate Advertising (ANCPI), 3,376 real estate units were sold in May 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.
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