Latest news
Wednesday, 31 July, 2024
10:02
tbi bank and Xiaomi Romania simplify access to smart technology
Customers can now buy an extremely wide range of smart devices through the Buy Now, Pay Later solution in 4 installments without interest or in 6-60 installments with interest.
09:56
Analysis: How dollar depreciation can affect Romanian companies
iBanFirst estimates that the dollar index could increase by 10% over five years—thus reinforcing the overvaluation of the US currency compared to its main counterparts.
08:55
Vista Bank and Optima Bank arranges syndicated loan of €61 million for Premier Energy Group
The facility of €61 million will be used by Premier Renewable Invest Co. SRL to finance the acquisition of the shares in Eolica Dobrogea One SA member of Iberdrola Group.
Tuesday, 30 July, 2024
15:56
Bucharest, Cluj-Napoca and Timisoara top three places for modern office rental
In the first half of the year, companies in Bucharest leased 84% of the total volume of modern office space traded in the country.
12:43
Office leasing volume in Romania grows in H1 2024
The office leasing volume closed in H1 2024 grew by 0.2% compared to the same period of last year, with Bucharest seeing the biggest activity, followed by Cluj-Napoca and Timișoara, according to a report by Fortim Trusted Advisors.
10:28
Qoobiss invests €500,000 in Origin, a global platform for digitizing company processes
Origin is designed to enable companies to digitize essential processes without requiring extensive internal development.
10:20
One United Properties contracts a €20 million increase financing agreement
The purpose of the increase for One Cotroceni Park Office Phase 1 and Phase 2 is to reimburse shareholder loans and cover other costs.
10:07
City Grill Group: €31 million in revenue in H1 2024, 18% growth
The group continues its investments in its portfolio restaurants as well as in the development of the restaurant and hotel segments.
09:58
InterCapital Asset Management injected €15 million in Romanian capital market
Since listing on the Bucharest Stock Exchange, more than 350,000 new fund units were issued by InterCapital. The total value of the ETF units traded on BVB overpassed €5.5 million.
09:40
EY Future Consumer Index: Consumers return to physical stores for personal service
66% of consumers find private label just as good as branded alternatives, with 38% having no plans to switch back to branded goods.
09:34
Only 17% of plastic and metal packaging waste generated in Constanța is recycled
Since 2020, Constanța County has reported an annual collection of over 300,000 tons of waste, while by next year, the amount could exceed 340,000 tons.
09:13
Raiffeisen Bank announces 300% acceleration in mobile banking in H1 2024
Personal financial planning remains a constant growth driver in Raiffeisen Bank Romania's long-term strategy. In the first half of 2024.
Monday, 29 July, 2024
13:46
Institutional integrity standards are strengthening, but there are still challenges
Latest EY Global Integrity Report shows 49% believe that integrity standards within their organizations have improved over the past two years.
13:13
SeedBlink's Equity arm empowers EGV with efficient equity management tools
As part of the collaboration, EGV will deploy the SeedBlink Equity product for its portfolio companies to streamline their equity management and elevate equity ta strategic asset.
12:20
Dentons advises Convergint on the acquisition of Helinick
The transaction is Convergint's first acquisition in Romania and it also marks the most important deal in the local safety and security systems market.
11:50
Accor net unit growth accelerates to 4.1% over last 12 months
At the end of June 2024, the Group had a hotel portfolio of 838,722 rooms (5,682 hotels) and a pipeline of 218,000 rooms (1,297 hotels).
11:10
BET-EF, first index dedicated to energy, utilities and financial sectors, debuts on BVB
Romanian energy, utility and financial companies, listed on the Main Market, represent approximately 58% of the regulated market capitalization.
11:04
Deloitte Romania assisted WDP in acquisition of three logistic parks
The three acquired entities own a portfolio of assets comprising three warehouse projects of 136,374 sqm and a large plot of land in Constanta.
10:56
Romanians' financial wealth grows above global average, reaches $300 billion in 2023
Global financial wealth is up nearly 7% in 2023 to $275 trillion, after a 4% decline in 2022.
Friday, 26 July, 2024
15:07
Western Europe leads e-commerce market with 80% compared to 55% in Eastern Europe
Western European shoppers spend an average of €85 per transaction, while Eastern European consumers spend €55.
12:43
Abris Capital to exit Dot2Dot in trade sale
ESG transformation specialist agrees sale of premium packaging producer to Belgium's Van Genechten.
12:37
GTC leases over 35,400 sqm of office space across 10 buildings in Poland's largest cities
GTC, a premier commercial real estate company in Central and Eastern Europe, presents an analysis of its notable achievements in Poland during the first half of 2024.
12:19
FlixBus and Christian Tour collaborates to make coach holidays more accessible
Christian Tour: Romanians are traveling more and more, choosing international destinations; trips abroad accounted for 49% of sales in 2023.
Thursday, 25 July, 2024
15:58
Cora becomes Carrefour: The first fully integrated hypermarket in Bucharest
In July, Carrefour marks the opening of a new rebranded and remodeled hypermarket in the Supernova shopping center in Alexandria 152, following the acquisition of the Cora Romania.
15:53
Evolution of the Deposit Return System after seven months
In total, 862 million DRS packs were returned by consumers between December 2023 and June 2024, and more than 2.7 billion DRS packs had been put on the market by the end of June.
15:37
Nestlé reports half year results for 2024 and announces 2.1% organic growth
For the Full-year 2024 outlook, the company expects organic sales growth of at least 3%.
15:19
Cushman & Wakefield Echinox announces new tenants in Arghezi 4 office building
The Italian restaurant Sciccheria, the coffee shop Steam, gelateria Velocita, and French Revolution have leased a total of 375 sqm of retail space.
08:49
PeliPartners assists WDP in €110 million acquisition on Romanian market
The transaction allows WDP's Romanian footprint to grow to around 2 million sqm in gross leasable area.
Wednesday, 24 July, 2024
13:28
LIBERTY Galati to restart Blast Furnace on strong order book
The company requested the government support related to the CO2 certificates allocation and the existing incentives for energy intensive consumers.
13:10
Retele Electrice auctions works worth RON 44.2 million for networks in Caraș Severin
The project aims to modernize the electricity distribution infrastructure in the area located at altitude, within the radius of the municipalities of Slatina Timiș, Brebu Nou.
12:51
Direktcar.ro, first car auction platform in Romania
Car auctions allow the sale of a car or the purchase of the desired car between 14 and 30 days from the listing on the platform, up to 5 times faster than by other methods.
11:42
Demand for air conditioning equipment increased five times in first month of summer
The residential sector contributed the highest demand for air conditioning systems in June.
11:34
Packeta Romania expands its network of online stores and partner sellers to over 1,800
Additionally, nearly a quarter of the total online stores and partner sellers now deliver products outside of Romania.
Tuesday, 23 July, 2024
11:09
Saint-Gobain's new plasterboard plant in Turda is 100% operational
The production line includes a grinding-calcinating plant, a plate forming, drying and stacking line, the associated technical installations occupying an area of 14,000 sqm.
10:48
Fashion brand LPP sings deal for new e-commerce facility at CTPark Bucharest West
PP's total footprint at the Park to around 90,000 sqm with the new facility comprising 40,000 sqm with the remainder of the building being used as an LPP distribution centre.
10:37
Deloitte launches an AI and data accelerator program with Amazon Web Services
Through this collaboration, companies in Romania will have access to an Innovation Lab and to funding to explore emerging technologies such as Generative AI.
09:37
HiSky announces over 40% more passengers in H1 2024
A significant impact on the company's growth was also due to the inauguration of direct long-haul flights on the regular Bucharest – New York route.
09:08
Garanti BBVA Leasing secures €10 million loan from EBRD to support SME development
Under this new agreement, 30% of the funds will be directed to projects supporting the transition to a green economy.
09:02
Flanco relocates to SkyTower Bucharest, Romania's tallest building
This move represents a strategic step towards providing employees with a modern, comfortable working environment in a multi-purpose building that offers top-tier facilities.
08:57
Nobis Group develops €28 million villas project in Pipera
Nobis Gardens is a luxury residential project, comprising only villas, where the first phase will be delivered by the end of 2024, and the second phase in mid-2025.
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