Latest news
Friday, 8 March, 2024
12:56
Alpha Bank Romania total assets exceeded €4.7 billion in 2023
In 2023, Alpha Bank Romania continued to adapt to challenges and changes in the macroeconomic environment.
12:39
Startup founders can learn how to develop their businesses in Hub Orizont
Entrepreneurs from Bacau can learn how to create and develop their own businesses at Hub Orizont, a space launched by the Municipality of Bacau.
12:32
Teius Photovoltaic Park, a €47 million investment in Alba
TeiuS Solar, part of the Eurowind Energy group, a Danish developer and operator of wind, solar and hybrid projects, announces the launch of the Teius Photovoltaic Park project.
Thursday, 7 March, 2024
14:17
Electrica Group recorded, in 2023, a net profit of RON 620 million
The gross dividend proposed to be distributed from the individual profit is RON 0.1178 per share, and the total gross value of the dividends is RON 40 million.
13:39
EIF supports Blue Revolution Fund in boosting sustainable aquaculture investments
The fund's strategy is in line with the Green Deal focusing on climate and environmental impact.
10:06
European travellers confident about spending power
Europeans are confident about their travel spending power in 2024 despite the ongoing cost of living pressure across the continent.
09:58
Romanian companies anticipate improvement of economic indicators, but are still prudent
Romanian companies anticipate improvement of macroeconomic indicators such as GDP, inflation and unemployment, but still adopt a prudent approach as uncertainty remains high.
Wednesday, 6 March, 2024
12:36
Banca Transilvania named world's 3rd strongest banking brand in latest ranking
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024.
11:59
Recent geopolitical shifts have changed how Romanian companies do international trade
Over the last two years, geopolitical tensions have escalated across the world, fragmenting the global trade landscape.
11:45
Țuca Zbârcea & Asociații advised Rodbun Group on €101.5 million syndicated facility
Rodbun Group, a leading Romanian company active in the agribusiness sector, has signed a syndicated credit facility totalling €101.5 million.
11:36
Andrei Dudoiu, SeedBlink: This year should be much better for startup funding
This year should be a much better year for tech startup funding, after 2023 was the worst in nearly a decade.
11:24
Bonds and equities correlation ‘will turn increasingly negative'
Institutional investors and wealth managers expect the correlation between bonds and equities to turn increasingly negative over the next 12 months.
11:13
Atelier Cortez: Corporate gift market is gaining momentum in 2024
Romanian companies rely more and more on interpersonal and friendly relationships with employees and business partners, investing more in being different and memorable.
Tuesday, 5 March, 2024
16:52
Fulfill.ro has reached 37% increase in turnover in 2023
Fulfill.ro, the e-commerce logistics division of Mediapost Hit Mail, the largest integrator of direct marketing services in Romania, has reached a 37% increase in turnover in 2023.
16:41
Franchwise: Romanian entrepreneurs still have reservations about expansion
Romanian brands would have resounding success in other countries, but most entrepreneurs are still reluctant to expand their business internationally.
16:28
Cocoa price more than doubled over the last 12 months
Chocolate is in high demand this season. Valentine's Day, now Martisor, the international women's day, nothing says more I cherish you than some flowers with a box of chocolates.
16:07
Aktor started drilling first tunnel on the Brasov-Sighisoara railway section
Aktor, a member of the Intrakat Group, organized on Tuesday, a ceremony to mark the official start of drilling at the first tunnel on the Apața-Cața section.
10:59
Allianz Trade Analysis - A pragmatic approach to global insolvencies in 2024
As expected, 2023 recorded a high-speed rebound in insolvencies in three out of four countries (55% of global GDP).
10:44
Aqua Bilbor invests over €10 million in new bottling and storage facility
Investments include the completion of a new bottling and storage facility, as well as the expansion of the distribution network, key strategic elements in the upcoming period.
10:10
One in three urban Romanians rents or shares a home they do not own
13% of Romanians aged between 18 and 55 in urban areas are renters and around 18% share a home they do not own with parents
09:47
BMW Group and NTT DATA Romania sign Joint Venture contract
The BMW Group and NTT DATA Romania have signed an agreement to establish a Joint Venture (JV) in Romania.
09:42
Connections Consult achieves RON 177 million revenue in 2023
Connections (CC), a digital transformation company, has increased its revenue by 203% in 2023, reaching 177 million lei.
09:36
Accor expands Romanian portfolio on Black Sea coast
Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.
Monday, 4 March, 2024
13:42
AccelerAction, launches Collab, a series of virtual events
AccelerAction, a virtual space that connects DeepTech innovators across Europe and that is funded by the European Union, is launching Collab.
12:06
Simtel acquires a company developing a photovoltaic park in Bihor
Simtel Team announces the complete takeover of Oasis Green Energy 3, a project company developing a photovoltaic park in Salonta, Bihor County.
11:00
AllCloud secures a workspace in River Plaza, advised by CBRE
The global professional services company has fortified its presence in Romania through an office lease meant to easily accommodate its expansion perspectives
10:52
CMS advised The Cicor Group on acquisition of Evolution Medtec in Romania
International law firm CMS has advised The Cicor Group on its acquisition of 100% of the shares of Romanian engineering company, Evolution Medtec SRL.
Friday, 1 March, 2024
14:50
Penalties of up to €20,000 for failure to submit the CbC report
The Public Country-by-Country Reporting Directive (Public CbCR) was published in the Official Journal of the European Union (EU) on 1st December, 2021.
14:02
Impact Developer & Contractor records 59% fall in profit during 2023
Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.
13:59
Chimcomplex recorded an operating profit margin of 8%, despite 38% decrease in turnover
Chimcomplex, the leading producer and supplier of vital chemicals in the region, generated total revenues for 2023 of RON 1.367 billion.
Thursday, 29 February, 2024
20:45
ROCA Industry reports cumulative turnover of over RON 553 million in 2023
ROCA Industry, the first industrial holding in Romania, specialized in construction materials, owned by ROCA Investments, recorded a cumulative turnover of 553.8 million RON.
18:11
Rompetrol Rafinare recorded losses of $270 million in 2023
Rompetrol Rafinare, recorded, in 2023, a decrease in financial indicators, on the background of the volatility of international quotations for crude oil and refined products.
15:44
Lemet sales increased by sigle-digit to RON 330 million in 2023
Lemet, one of the largest furniture manufacturers at the national level and one of the largest retailers through the LEMS brand, recorded sales of RON 329.9 million in 2023.
15:24
NN paid RON 1 billion to insurance and private pension clients in Romania in 2023
NN paid insurance customers and private pensions participants RON 983 million in 2023, 27% more than the previous year.
12:53
Skanska launches integrated ESG+ package for office spaces
An office space that respects ESG principles, in line with market changes and EU requirements, is not only a necessity, but also an added value for employees.
12:38
Holde Agri Invest recorded, in 2023, total revenues of RON 97 million, down 18%
Holde Agri Invest SA, one of the largest farmland operators in Romania, posts 56,500 tons of production in 2023, up 31% compared to 2022.
12:22
Repaco Capital kicks off retail park development near Bucharest
Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million.
Wednesday, 28 February, 2024
19:23
Internal combustion engines are coming back in consumer preferences
Price is the main criterion for choosing the brand of the next car to be purchased by consumers in developed markets.
18:52
Agroland Agribusiness posts revenues of RON 57.1 million in 2023
Agroland Agribusiness, part of the Agroland group, specialized in the sale of inputs for agriculture, post operating revenue of RON 57.1 million in 2023.
18:48
Packeta Romania: Cross-border delivery volume doubled last year
Packeta Romania recorded a doubling in the volume of parcels processed from the cross-border segment last year.
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POPULAR
1
Real estate
2 months ago
Impact Developer & Contractor records 59% fall in profit during 2023
2
Energy
1 month
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Economy
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Energy
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Electrica Group recorded, in 2023, a net profit of RON 620 million
5
Finance
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OTP Group announces net profit of RON 262 million in 2023