Latest news

Monday, 15 April, 2024

13:39

UniCredit Bank: Romania's economic growth expected to reach 2.7% in 2024

Inflation is expected to miss the target in 2024-2025, with the NBR cutting rates to 6% in 2024 and 4.5% in 2025.

12:16

Econergy launches commercial operations for 92MW Parau PV project

Econergy has announced that its 92MW solar park in Parau, Romania, has started commercial operations.

11:41

Baltisse and Straco Real Estate acquire majority stake in Speedwell

Straco Real Estate and Baltisse announce the successful acquisition of a majority stake in SPEEDWELL, a premier real estate developer based in Romania.

11:06

Romania reaches 4.5 million sqm of retail modern space in 2024

By the end of 2024 the stock of modern retail spaces will overpass 4.5 million. square meters setting a new record for Romania.

Friday, 12 April, 2024

19:41

Romanian electromobility startup ELEC secures €1 million in funding

With these resources, ELEC will develop its own software and integrate ridesharing, rent-a-car, and electric charging services into the same platform.

19:14

PPC blue is PPC's new brand for electric mobility segment in Romania

The electric mobility company within the PPC group of companies in Romania adopts a new brand identity – PPC blue.

18:27

ROCA X VC end the first quarter with major exit and other strategic investments

The first significant news is the acquisition of CODA Intelligence, a Romanian startup specializing in cybersecurity solutions, by PDQ, with complementary products to CODA.

18:14

One United Properties significant shareholders sell 234 million shares

Four significant shareholders of One United Properties successfully sold 234,205,285 shares in the Company to local and international institutional investors.

17:39

DEI Index: Only 7% of European companies are building real inclusive culture

European companies don't make the grade on DEI: the average DEI Index score is 5.69 out of 10. Only Switzerland got a passing grade (6.0)

16:52

EU Finance Ministers set in motion EIB Group Action Plan

Ministers meeting in Luxembourg welcome the Action Plan presented by President Calviño to update the definition of dual-use projects and extend EIB credit lines.

Thursday, 11 April, 2024

19:27

Greenvot Group plans €27 million investment in Romania

Greenvolt Group, a leading international operator in the renewable energy market through multiple technologies, enters the Romanian market in the Distributed Generation segment.

18:19

UK-based PIB Group enters Romania and partners Stein Bestasig

STEIN Bestasig will coordinate the PIB Group's expansion in Romania, with a series of M&A acquisitions starting in 2024.

17:13

MOL inaugurates region's largest green hydrogen plant

MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources.

15:39

Global auto industry going through a period of paradigm shifts

New auto registrations saw a significant recovery in 2023 as Covid-induced supply-chain disruptions eased and pent-up demand released.

Wednesday, 10 April, 2024

20:39

Marelvi commits to long-term stay at MLP Bucharest West

Romania's largest distributor of household appliances has renewed its lease contract for more than 8,100 sqm of space at the MLP Bucharest West logistics park.

20:33

PPC Companies in Romania reveal new brand identity

PPC group of companies in Romania has started its first image campaign, thus marking the transition to the new brand identity.

20:07

Doicesti SMR Site, fully compliant with IAEA highest safety standards

Nova Power & Gas salutes the successful conclusion of the IAEA Site Evaluation and External Events Design (SEED) Mission carried out by IAEA team of experts,

20:01

P3 Group portfolio value grew 8.1% to €9.0 billion in 2023

Structural tailwinds for logistics properties remain intact with strong supply and demand dynamics despite economic uncertainties.

19:42

Chimcomplex adopts "Precautionary and Accelerated Development Measures Plan"

This is a response to the unfavorable and unpredictable developments in the business environment.

19:31

Romanian company Limitless Agency officially enters US market

The technology developed by Limitless Agency can increase conversion rate by up to 33% and reduce advertising costs by at least 20%.

Tuesday, 9 April, 2024

15:21

Monsoon connected largest Energy Battery Storage capacity in Romania to national grid

The capacity is part of the first hybrid photovoltaic-wind-battery project, installed at the existing operational 50 MW project.

13:10

Prysmian begins construction of new production line in Slatina

Prysmian Romania has commenced construction of a new production line at the Slatina energy plant, following a €23 million investment.

12:42

Teilor Holding publishes first Sustainability Report

As part of Teilor Holding's commitment to ESG initiatives, the group has launched DAAR, a luxury brand of sustainable jewelry.

12:27

Vista Bank joins Confirmation of Payee Service - SANB

Vista Bank is the tenth bank that offers its own customers the facility to verify the payee's identity for payments in RON made through internet banking.

Monday, 8 April, 2024

20:06

BRD and IFC boost sustainable finance through a risk transfer transaction

BRD and IFC closed a landmark synthetic significant risk transfer transaction that will free up capital for BRD to boost the financing of sustainability-related projects.

12:23

Digital Realty and Schneider Electric partner to undertake circular economy initiative

Schneider Electric has partnered with Digital Realty to deliver an innovative circular economy initiative at its PAR6 data center in Paris.

10:36

NEPI Rockcastle successfully completes Vulcan Residence

The project, located in Bucharest's 13 Septembrie area, has already been 80% sold, reflecting increased buyer confidence and interest.

10:28

Total leasing activity in Bucharest is 71% higher in Q1 2024

Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries.

10:03

Aquila budgeted investments of €16.9 million for fleet renewal

Aquila has budgeted investments of €16.9 million for means of transport and warehouse equipment, in line with its sustainability objectives.

09:39

Projects worth €500 million in preparation within ConstructPLUS Scheme

The Ministry of Finance is preparing a new state aid scheme for investments, similar to GD 807/2014: annual budget is estimated at €150 million.

Friday, 5 April, 2024

11:11

NEXO Group is developing a complex of smart houses, an investment of €10 million

Located between two forests, the homes in NEXO Nature are designed to reduce heating or cooling costs and ensure a healthy lifestyle for residents.

11:04

Genezio raises $2 million pre-seed round

Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures.

Thursday, 4 April, 2024

16:54

Salt Bank, first 100% Romanian neobank was launched today

Differentiating itself from traditional banks, Salt Bank aims to be more than a bank: a 100% digital experience, adapted to users' contemporary needs.

15:55

Artprint, preparing second corporate bond issue of RON 3 million

This decision aims to strengthen the company's market position and diversify its sources of funding.

10:02

Kearney's 2024 FDI Confidence Index reveals continued optimism among executives

A striking 88 percent of respondents across the world said they were planning to increase their FDI in the next three years—up 6 percent from last year.

09:52

One United Properties expands into affordable premium housing

One United Properties concludes a memorandum of understanding for the acquisition of a 21 hectares plot of land located within minutes of driving to Tineretului and Carol parks.

09:36

Romanian M&A market evolution during first quarter of 2024

During the first three months of 2024, the Romanian mergers and acquisitions (M&A) market recorded 63 transactions.

09:25

Software company Bento becomes ARIR's associate member

Romanian Association for Investor Relations, the promoter of the Investor Relations (IR) concept, announces that Bento - 2B Intelligent Soft, becomes an Associate Member of ARIR.

Wednesday, 3 April, 2024

21:04

Transilvania Construcții: Top 5 most important consumer industries

The industrial and logistics hubs developed by Transilvania Construcții serve top industries such as building materials, automobiles, food, IT, medical, and pharmaceutical.

19:43

Metropolitan Life recorded an increase of 8% in gross written premiums in 2023

Metropolitan Life, registered during the year 2023 gross written premiums amounting to RON 625.1 million, having an increase of 7.95% compared to the previous year.

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