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Skinmed Clinic, one of Romania's most renowned medical centers, has opened a new facility in the Pipera area of Bucharest, backed by an investment of over €2 million.

The record compensation of €45,000 (over RON 220,000) was awarded to an insured who had a UNIQA travel insurance policy.

In the second quarter, the company began dividend distributions totaling 81.7 million and started one of its shareholder-approved share buyback programs on April 29, 2024.

As anticipated, the Group's adjusted EBITDA of approximately €4.9 billion for the first six months of 2024 was below the high level recorded in the previous year.

Nine Realms' fund will support early-stage companies in the supply chain technology sector, with a strong focus on climate and environmental impact - including the blue economy.

The financial results were influenced by the planned shutdown of the Petromidia refinery, between March and May 2024.

The packaging also features corrugated buffers treated with an innovative anti-scratch coating that has been applied to prevent external blemishes.

Digi Communications consolidated revenues increased 13.4% yoy in Q2 2024, reaching €474.7 million, resulting in €921.3 million in revenues generated in 6M 2024 (+13%).

The new restaurant is franchised and located after the airport check-in area. In May, Hesburger announced its entry in Romania with the opening of a restaurant in Râmnicu Vâlcea.

The Return on Average equity (ROE) stood at 18.0% in H1 2024, compared to 19.0% in H1 2023, reflecting a falling net interest margin due to rapid declines in base rate

Romanian developer HILS Development has announced a 28% increase in residential sales during H1 2024 compared to the same period of last year, while revenue was up 25% year-on-year. 

The account opening process on the iBanFirst platform has been streamlined from 10 days to just a few hours, ensuring compliance and AML requirements are met efficiently.

The Confidence Index, which is typically linked to economic expectations, has climbed for a fourth consecutive semester to 118, from 58, in June 2022

The acquisition of TehnoWorld extends ROMCIM's portfolio offering and better positions the company to meet Romania's infrastructure and complex non-residential needs.

In mid-June 2024, BlackRock announced that it would be closing several of its ETFs, including its Frontier Market ETFs, citing insufficient liquidity.

Lagoon Park Bucharest is the first artificial urban beach in Romania, built on an area of 40,000 square meters in the northern part of the capital.

Bucharest's Mayor Nicușor Dan has announced that he will be tasked with issuing traffic permits for new Urban Zoning Plans (PUZ), Urban Developing Plans (PUD) and construction authorizations.

The syndicate of banks included CEC Bank and Alpha Bank Romania and the facility granted is secured by a guarantee issued by Exim Banca Românească.

The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.

The competition finalists will present their collections on the runway at Mercedes-Benz Bucharest Fashion Week in front of the jury.

Consumer Services' results increased predominantly thanks to higher fuel sales volumes and the improvement in non-fuel margin.

The Postpaid subscriber base grew by 4.7%, year-on-year, to a total of 1.951 million.

The biggest share of overseas spend comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.

Analysis also reveals alarmingly low supply chain maturity among many organizations with limited ability to benefit from AI and generative AI as a consequence.

Lavinia Ioniță Rasmussen, Partner at NNDKP's Real Estate practice, spoke with Property Forum about the acceleration of commercial and residential development in regional cities and the potential of the local market to offer higher returns for property investors compared to other countries in the region.

Bucharest's short-term rental market had a booming post-pandemic evolution. In 2023 alone, the industry generated revenues of €41.3 million, nearly double compared to 2019.

The first stage of the share capital increase will start on August 19th and will last for 32 calendar days, until September 19th.

Due to legislative unpredictability, which increasingly affects small and medium-sized businesses, more entrepreneurs postpone or stop investments in business development.

This transformation aligns the Brașov store with the first stores worldwide, such as those in Paris, London, and Brussels, which have already implemented the new identity.

The acquisition marks Entek's entry into the Romanian energy market, with a transaction value of approximately €32.9 million, subject to closing adjustments.

The purpose of this study was to have a clear understanding of the profile of the Romanian employee, thus making a comparison between the private and the public sector.

Romania's commercial property sector recorded investment transactions of €418 million in H1 2024, up 131% year-on-year, marking the biggest volume growth across CEE, according to Cushman & Wakefield Echinox. 

KÉSZ Romania obtained the building permit for the Corallis residential complex, the first project in the capital, in which it is investing over €51 million.

The INATECH marketing team includes 4 marketing specialists, covering a full range of essential activities.

he partnership aims at joint actions to inform about the new European and national regulations regarding gender balance among listed companies.

E-commerce expansion is fueled by access to digitalization and the rising incomes of the young population and digital natives, but also by the evolution of technology.

TriGranit is one of the largest privately-owned real estate development platforms in CE, with over two decades of operations and has completed nearly 50 landmark projects.

The average price of new homes in Romania amounted to €1,504 per sqm in 2023, which was the third lowest price in Europe, behind Bosnia and Herzegovina and Greece, according to a Deloitte report. 

Primark Iulius Mall, part of the mixed-use Iulius Town, becomes the retailer's first location in the western part of the country and has created over 150 new jobs locally.

A significant shift in the overall outlook and priorities of executives in the sector is uncovered, indicating a strategic reset is on the cards.