Insurers are experiencing uncertainty from economic pressures, geopolitical volatility and increasing catastrophic events, combined with higher customer expectations, according to the Deloitte 2026 global insurance outlook.
Arobs Systems, part of the Arobs Group, has signed two digitalization contracts with Romanian government institutions worth a combined €8 million to the company.
37,752 round trips are made annually to transport physical documents between commune and prefecture halls just for the approval of a local council decision.
Romania is not the only country in this situation – in more than 50% of the world's states, the same thing happened, including at the European Union level.
A development strategy focused on advanced services, automation, and niche analysis, such as ESG, will allow Romania to harness the enormous potential of this industry.
Specifically, with this functionality, the ID images retrieved through the CEC app are automatically forwarded for processing for remittance for cashing.
Sphera Franchise Group, Romania's largest food service group, reported consolidated sales of €75.6 million in Q1 2026, up 4.2% compared to the same period last year. Growth was driven by the return to positive performance of KFC Romania and the strong evolution of Taco Bell.
Hidroelectrica signed a €188.5 million contract for the refurbishment of Râul Mare Retezat Hydropower Plant. The project aims to modernize and improve the efficiency of the company's generation capacities.
Banca Transilvania (BT) said its consolidated net profit reached RON 1.14 billion lei (€228 million) in Q1, representing a 30.1% increase compared to the same period last year. Total assets for the group expanded to RON 227 billion lei (€45.4 billion) as the institution neared the milestone of five million active customers.
Vastint Romania has announced a new leasing contract with Arcadis Romania, which will occupy 1,183 sqm in building A of Business Garden Bucharest. The global design, engineering and consultancy company joins a growing community of international tenants at the development.