Latest news

Wednesday, 3 April, 2024

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.

10:27

MedLife strengthens leadership in genetic sequencing with acquisition of Personal Genetics

The new partnership will accelerate MedLife Group's development in the use of the latest genetic sequencing methodologies and technologies in routine diagnostics.

10:22

Romania has resources to catch up Spain in production of green energy

Romania has the capacity and all the resources to make the transition to renewable energy as quickly as possible and to become a 100% green country.

08:48

Etron Technology leases 3,600 sqm for production facility at CTPark Oradea

CTP has leased 3,600 sqm of production space at CTPark Oradea Cargo Terminal, to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology.

Tuesday, 2 April, 2024

16:00

Romania could triple its data center market in three years

Expert reports estimate 49% growth for emerging DataCenter markets in Europe, which includes Romania.

11:18

Draft law for implementing Employee Stock Option Plan in Romania

An innovative legislative project aimed at amending Law No. 31/1990 on companies, has entered the final decision-making stage in the Chamber of Deputies.

11:11

Transition to circular economy slowed globally in 2023

The transition to circular economy slowed globally last year, as the vast majority of raw materials entering economies are still coming from virgin sources.

11:03

77% of Romanian households bought a new security system during last decade

Romanian customers demonstrate an exceptional level of awareness regarding home security.

Monday, 1 April, 2024

14:57

Business restructuring will become watchword in Romanian business environment

The rather murky economic prospects at the European level, already confirmed in Great Britain and Germany, have raised the level of alert in the Romanian economy.

14:23

PickTwo Studio initiates second project in Zanzibar, an €11.5 million investment

PickTwo Architecture Studio has embarked on its second venture in Zanzibar, focusing on the design and development of a luxury residential complex.

14:03

Bento seeks revenues of RON 78 million and net profit of RON 15.3 million in 2024

Bento, Intellectually Curious, targets operating revenues of RON 78 million in 2024, a 34% increase compared to 2023, and a EBITDA of RON 21.2 million.

13:32

Ana Hotels "Europa" reopens after €14 million investment in modernization

Ana Hotels announces the reopening of the emblematic "Europa" hotel in Eforie Nord, after the completion of a complex modernization process.

13:17

ARA Europe and Gheorghe Iaciu sell Doraly Expo Market to WDP

Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP.

12:57

Edenred to launch virtual cards for products offered to employees

The virtual cards will complete the ecosystem of digital solutions offered by Edenred and will also contribute to reducing plastic from the company's operations.

12:39

AROBS targets a consolidated turnover of RON 500 million in 2024

AROBS Transilvania Software targets a consolidated turnover of RON 494.9 million and a net profit of RON 48.8 million.

Friday, 29 March, 2024

10:47

Fraud prevention: key investment for business success

Opinion article by Denisa Simion, Manager, Financial Advisory, Corporate Forensic Services, Deloitte Romania.

10:18

Symmetrica invests €48 million in the largest factory in the portfolio

The new production unit will be located near Bucharest and will be inaugurated this autumn.

Thursday, 28 March, 2024

18:23

OVES Enterprise launches Storm Shadow AI, an on-premise AI solution

Storm Shadow AI is an artificial intelligence solution, the result of over 8 months of intensive research and technological development.

18:18

Romanian and regional startups can access Startup Reaktor

Startup Reaktor is the Romanian representative of the EIT Digital Venture Incubation Program developed by EIT Digital.

18:11

Top regional centers for renting modern offices: Cluj leads in new demand

Outside Bucharest, companies leased less than a fifth of the total traded area in Bucharest.

18:05

Companies must implement the anti-harassment Guide by 17 April 2024

Companies have less than three weeks, until 17 April 2024, to familiarise themselves with the concepts related to workplace harassment.

Wednesday, 27 March, 2024

16:40

Eight business ideas for Romanians to invest in 2024

Romanians show more and more interest in becoming entrepreneurs, in quitting their jobs and building their future on their own.

15:12

Europe's Experience Economy set to spring forward

Prioritising Moments That Matter: Nine in ten people set to spend the same or more on experiences in 2024 vs 2023.

14:25

CMS advises PPC on acquisition of 84 MW operational wind farm

Located in Tulcea, the wind farm generates more than 200 GWh of electricity per year.

12:57

Altexpress integrated Logystec, after merger effective March 2024

Altexpress and Logystec, led by industry veterans Maher Tarazi and Alexandra Turcu, finalised their merger mid-March 2024.

Tuesday, 26 March, 2024

19:42

Workers around the world identify increasing work stress as their top concern

More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report.

12:26

ESG plays a significant role in decision-making process of real estate investors

Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.

12:21

EY survey: Boards must embolden management to embed sustainability

New EY survey finds boards must lean in and play a challenger role to establish sustainable business models.

12:10

Simtel Team targets consolidated revenues of RON 394 million in 2024

Simtel Team targets in 2024 at the consolidated level, operating revenues of RON 394 million, EBITDA of RON 49 million and a net profit of RON 35 million.

12:03

Social Progress Index: Most world countries registered stagnation or decline

After steady improvement in terms of social progress over more than a decade, the global quality of life and wellbeing stagnated in 2023.

11:57

Oveit aims to raise €400,000 on SeedBlink

Oveit, the SaaS-based live event management technology, is excited to announce its campaign to raise €400,000 via SeedBlink

11:48

Highest and lowest net salaries in 2023 for most popular industries

In IT and energy are the top salaries. Manufacturing is at the extremes: it records the lowest wages, but also among the highest.

11:40

Sphera Franchise Group estimates sales of RON 1.64 billion in 2024

The company estimates double-digit increases, both in terms of top line (sales of RON 1.64 billion, +12.2%) and bottom line (normalized net profit of RON 95.7 million, +20.1%);

Monday, 25 March, 2024

21:17

Revolut becomes the first bank in Romania to launch eSIM

Revolut became one of the first digital banks in the Economic European Area (EEA) and the first in Romania to launch eSIM.

21:08

Retele Electrice Muntenia finalized RON 70 million investment in North Power Station

The modernization of the North Power Station involved the complete consolidation of the building and the replacement of electro energetic equipment.

14:26

Packeta Romania's business grew 30% in 2023 to €21.7 million

The turnover achieved by Packeta Romania represents 7% of the total turnover, of over 294 million euros, that Packeta Group, registered in 2023.

13:34

One United Properties targets turnover of €349.9 million in 2024

The consolidated gross profit target is €123.5 million, 15% higher than the result for 2023, while the net profit is estimated to reach €105 million in 2024.

13:25

New five-year lease for Yusen Logistics in CTPark Bucharest

The new logistics hub of the company will benefit from a refurbishment process of the CTP to align with ESG standards

Friday, 22 March, 2024

11:15

Romanian IT geeks creates AI-based e-commerce robotic force

A Romanian team of young tech geeks designed five AI-based robots which can tirelessly work as brand manager, sales agent, data engineer and influencer.

11:00

Romania, top ranking for water losses and unaccounted & unbilled quantities

In Europe, out of four glasses of clean water extracted and produced, one is lost on the way to the final customer and never reaches the tap.

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