Latest news
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.
Monday, 22 July, 2024
20:27
InstaSun - 100% Romanian invention valued at €4 million just 2 years after launch
The invention is a device that automatically and evenly applies sunscreen oil with different protection factors all over the body in just 7 seconds, with the touch of a button.
20:11
Early Game invests €1 million as pre-seed investment round in CogniSync
CogniSync is developing a new tool for optimizing workflows as companies and teams scale by surfacing internal best practices and revealing potential misalignment with compliance.
20:05
Communication of bond issuers, evaluated based on new VEKTOR by ARIR Bonds
The evaluation of all issuers on the Main Market will be conducted for the first time for the year 2025, for bonds in the market, with results published in January 2026.
19:53
RE/MAX Romania expands with 5 new franchises in key cities
he new offices, located in Bucharest, Brașov, Sibiu, Constanța and Baia Mare, are led by leaders with ambitious visions.
19:46
Eight Romanian companies included in latest Deloitte EMEA Technology Fast 500
Redbee Software, ranked 65th in Deloitte EMEA Technology Fast 500, specializes in web and mobile software solutions leveraging cutting-edge technologies.
19:40
From PC components to AI: Accenture prepares Romanian youth for digital world
This year, the program reached over 1,110 children, aged between 9 and 14, from 47 schools.
19:02
Global Vision launches its own investment platform
Global Vision's joint venture with Globalworth completed the divestment of 136,374 sqm of leasable area and a plot of land in Constanta.
18:44
Romanian startup Dwellii launches premium turnkey modular homes
The homes currently in Dwellii's portfolio range in size from 52 to 70 sqm, and after assembly, the client can move in immediately.
Friday, 19 July, 2024
09:12
Alpha Bank Romania launches "evrixa!", a new brand that includes Orange Money
Alpha Bank Romania announces the re-launch of the application, products and services taken over from Orange Money Romania.
08:48
CEC Bank continues digitalization and implements a new functionality for companies
Specifically, with this functionality, the ID images retrieved through the CEC app are automatically forwarded for processing for remittance for cashing.
08:40
Romanian banks accelerate digital transformation and boost efficiency with fintech solutions
Fintech solutions are currently the main driver for the development and differentiation of the offer of financial-banking institutions in an increasingly competitive and dynamic market.
08:31
Fondul Proprietatea deeply concerned on irregularities in selection of CNAB Board of Directors
According to the Fund's asessment, the selection process did not abide to the provisions of the corporate governance legislation, and failed to produce suitable candidates.
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