Latest news

Wednesday, 27 March, 2024

14:25
CMS advises PPC on acquisition of 84 MW operational wind farm
Located in Tulcea, the wind farm generates more than 200 GWh of electricity per year.
12:57
Altexpress integrated Logystec, after merger effective March 2024
Altexpress and Logystec, led by industry veterans Maher Tarazi and Alexandra Turcu, finalised their merger mid-March 2024.

Tuesday, 26 March, 2024

19:42
Workers around the world identify increasing work stress as their top concern
More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report.
12:26
ESG plays a significant role in decision-making process of real estate investors
Environmental, social, and governance (ESG) principles are no longer just a trend or a buzzword, but rather becoming the norm in the Romanian real estate market.
12:21
EY survey: Boards must embolden management to embed sustainability
New EY survey finds boards must lean in and play a challenger role to establish sustainable business models.
12:10
Simtel Team targets consolidated revenues of RON 394 million in 2024
Simtel Team targets in 2024 at the consolidated level, operating revenues of RON 394 million, EBITDA of RON 49 million and a net profit of RON 35 million.
12:03
Social Progress Index: Most world countries registered stagnation or decline
After steady improvement in terms of social progress over more than a decade, the global quality of life and wellbeing stagnated in 2023.
11:57
Oveit aims to raise €400,000 on SeedBlink
Oveit, the SaaS-based live event management technology, is excited to announce its campaign to raise €400,000 via SeedBlink
11:48
Highest and lowest net salaries in 2023 for most popular industries
In IT and energy are the top salaries. Manufacturing is at the extremes: it records the lowest wages, but also among the highest.
11:40
Sphera Franchise Group estimates sales of RON 1.64 billion in 2024
The company estimates double-digit increases, both in terms of top line (sales of RON 1.64 billion, +12.2%) and bottom line (normalized net profit of RON 95.7 million, +20.1%);

Monday, 25 March, 2024

21:17
Revolut becomes the first bank in Romania to launch eSIM
Revolut became one of the first digital banks in the Economic European Area (EEA) and the first in Romania to launch eSIM.
21:08
Retele Electrice Muntenia finalized RON 70 million investment in North Power Station
The modernization of the North Power Station involved the complete consolidation of the building and the replacement of electro energetic equipment.
14:26
Packeta Romania's business grew 30% in 2023 to €21.7 million
The turnover achieved by Packeta Romania represents 7% of the total turnover, of over 294 million euros, that Packeta Group, registered in 2023.
13:34
One United Properties targets turnover of €349.9 million in 2024
The consolidated gross profit target is €123.5 million, 15% higher than the result for 2023, while the net profit is estimated to reach €105 million in 2024.
13:25
New five-year lease for Yusen Logistics in CTPark Bucharest
The new logistics hub of the company will benefit from a refurbishment process of the CTP to align with ESG standards

Friday, 22 March, 2024

11:15
Romanian IT geeks creates AI-based e-commerce robotic force
A Romanian team of young tech geeks designed five AI-based robots which can tirelessly work as brand manager, sales agent, data engineer and influencer.
11:00
Romania, top ranking for water losses and unaccounted & unbilled quantities
In Europe, out of four glasses of clean water extracted and produced, one is lost on the way to the final customer and never reaches the tap.
10:50
HP extends the partnership with YUNITY Park for another 5 years
Genesis Property and HP Inc. Romania have signed a 5-year lease extension for 7,000 square meters of office space in YUNITY Park.

Thursday, 21 March, 2024

15:39
Mercure opens new hotel in Moldova's Capital city
Accor, a world leading hospitality group, today announces the grand opening of Mercure Chisinau Center Jazz in Moldova.
15:17
Romanian SMEs turning to second-hand furniture amid rising prices
Both SMEs and individuals are increasingly turning to second-hand furniture, with demand increasing by 14% compared to previous years.
12:56
Maintenance costs for office buildings increased by 9% in 2023
The management and maintenance costs of the office buildings in Colliers Romania's Asset Services portfolio increased by 9% last year compared to 2022.
12:37
M&A study: Strategic investments outpacing financial investments in 2024
The Study analyses a record 559 deals throughout 2023, indicating the resilience and adaptability of the European M&A market amidst challenging global conditions.
12:17
Forecast 2024: Romanian economy will grow by 2.7%
In 2024, Romania's economy is expected to continue its growth trend, but at a more moderate pace.
10:01
RebelDot revenus up 40% in 2023 due to AI projects
RebelDot achieved a customer Net Promoter Score (NPS) of 91.2%, placing it in the top 1% of tech companies globally

Wednesday, 20 March, 2024

20:27
PayPoint Romania processed transactions worth over RON 13 billion in 2023
More than 100 million transactions, worth a total of RON 13.6 billion, were processed through the approximately 25,000 PayPoint partner stores.
18:19
Analysis: Retail, main engine for economy, shows signs of failure
Without measures to support consumption, Romania risks losing its most important engine of economic growth.
14:10
Exports of goods on the rise, over 20% growth this year
e automotive and electronics industries are the engine of the transport of Romanian goods to Europe.
12:43
Xiaomi's 2023 adjusted net profit soars 126.3%
he Group's total revenue was RMB271.0 billion, while its adjusted net profit surged by 126.3% to reach RMB19.3 billion.
12:32
European Commission launched tenth edition of European Capital of Innovation Awards
The prize is awarded to European cities that are front-runners of innovations that benefit their citizens.

Tuesday, 19 March, 2024

12:26
New obligations for companies and Romanian consumers regarding PET bottles
Food containers for immediate consumption, such as coffee cups and food boxes, should also be made from sustainable materials.
12:20
Syndicated loan of €200 million for CTPark Romania development
The funds will be utilized to refinance the development of 40 green logistics buildings (Green buildings) of Class A.
12:13
MLP Group records 29% revenue growth, with 2024 set to be harvesting time
Value of investment properties reached PLN 4 541.5 million (+2% vs. 31 December 2022), EUR 1 044.5 million (+11% vs. 31 December 2022).
12:05
ING launches digital solution for joint spending account
ING Bank Romania announces the launch of the account for joint spending ING Together, dedicated to those who choose to manage their money together with other close people.
11:01
Norofert begins assembling production line in USA
Norofert announces the start of a production line for inputs and an investment of €250,000 in one of the most important agricultural area in the USA
10:40
Report: Local tourism fully recovered in 2023
The number of Romanian tourists staying in the country's hotels reached almost 7 million in 2023.
10:27
First Romanian CFD Scheme to be launched this year
Ministry of Energy launched on 14 March 2024 under public consultation the draft for the Government Decision and the CfD template agreement.
10:16
EXEC EDU launches new edition of scholarships for entrepreneurs
EXEC-EDU launches the fourth edition of the EXEC-EDU scholarship program, dedicated to entrepreneurs.

Monday, 18 March, 2024

12:17
From ESG and building certification ratings to new regulations and technology
The role of green building certifications changes from final objective to an important step in decarbonization and sustainability strategies.
11:26
Turnover of RON 313 million for SIPEX in 2023, up 7.4%
SIPEX,one of the largest distributors of construction and finishes materials from Romania, announces the preliminary financial results for the year 2023.
11:17
Hexing invests in 8,000 sqm facility in Timisoara
Hexing invests heavily in 8,000 sqm facility generating over 100 high value jobs in Timisoara, at Globalworth Timisoara Industrial Park I, assisted by CBRE.
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