Latest news

Tuesday, 9 April, 2024

12:42

Teilor Holding publishes first Sustainability Report

As part of Teilor Holding's commitment to ESG initiatives, the group has launched DAAR, a luxury brand of sustainable jewelry.

12:27

Vista Bank joins Confirmation of Payee Service - SANB

Vista Bank is the tenth bank that offers its own customers the facility to verify the payee's identity for payments in RON made through internet banking.

Monday, 8 April, 2024

20:06

BRD and IFC boost sustainable finance through a risk transfer transaction

BRD and IFC closed a landmark synthetic significant risk transfer transaction that will free up capital for BRD to boost the financing of sustainability-related projects.

12:23

Digital Realty and Schneider Electric partner to undertake circular economy initiative

Schneider Electric has partnered with Digital Realty to deliver an innovative circular economy initiative at its PAR6 data center in Paris.

10:36

NEPI Rockcastle successfully completes Vulcan Residence

The project, located in Bucharest's 13 Septembrie area, has already been 80% sold, reflecting increased buyer confidence and interest.

10:28

Total leasing activity in Bucharest is 71% higher in Q1 2024

Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries.

10:03

Aquila budgeted investments of €16.9 million for fleet renewal

Aquila has budgeted investments of €16.9 million for means of transport and warehouse equipment, in line with its sustainability objectives.

09:39

Projects worth €500 million in preparation within ConstructPLUS Scheme

The Ministry of Finance is preparing a new state aid scheme for investments, similar to GD 807/2014: annual budget is estimated at €150 million.

Friday, 5 April, 2024

11:11

NEXO Group is developing a complex of smart houses, an investment of €10 million

Located between two forests, the homes in NEXO Nature are designed to reduce heating or cooling costs and ensure a healthy lifestyle for residents.

11:04

Genezio raises $2 million pre-seed round

Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures.

Thursday, 4 April, 2024

16:54

Salt Bank, first 100% Romanian neobank was launched today

Differentiating itself from traditional banks, Salt Bank aims to be more than a bank: a 100% digital experience, adapted to users' contemporary needs.

15:55

Artprint, preparing second corporate bond issue of RON 3 million

This decision aims to strengthen the company's market position and diversify its sources of funding.

10:02

Kearney's 2024 FDI Confidence Index reveals continued optimism among executives

A striking 88 percent of respondents across the world said they were planning to increase their FDI in the next three years—up 6 percent from last year.

09:52

One United Properties expands into affordable premium housing

One United Properties concludes a memorandum of understanding for the acquisition of a 21 hectares plot of land located within minutes of driving to Tineretului and Carol parks.

09:36

Romanian M&A market evolution during first quarter of 2024

During the first three months of 2024, the Romanian mergers and acquisitions (M&A) market recorded 63 transactions.

09:25

Software company Bento becomes ARIR's associate member

Romanian Association for Investor Relations, the promoter of the Investor Relations (IR) concept, announces that Bento - 2B Intelligent Soft, becomes an Associate Member of ARIR.

Wednesday, 3 April, 2024

21:04

Transilvania Construcții: Top 5 most important consumer industries

The industrial and logistics hubs developed by Transilvania Construcții serve top industries such as building materials, automobiles, food, IT, medical, and pharmaceutical.

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.

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