Latest news

Monday, 18 March, 2024

10:38
Morphosis Capital Fund I ended 2023 with €100 million turnover
Morphosis Capital Fund I Cooperatief UA, a growth capital fund, posts a combined turnover of €100 million in 2023 for its portfolio companies.

Friday, 15 March, 2024

12:38
RE/MAX Romania: Transactions of over €2.5 billion in 10 years
In a decade of activity on the local market, RE/MAX Romania has grown into a national network of 60 franchises and 700 real estate consultants.
12:03
Emerging market currencies squeezed until Q3, 2024
Emerging market currencies are going to be under pressure until at least the third quarter of 2024.
11:58
ETF BET Patria - TradeVille reaches assets of RON 220 million
The number of investors in the fund also increased more than 12 times in these three years, from 1,483 at the end of February 2021 to 18,265 in February 2024.
11:54
tbi boosts car loan requests by 25% in response to rising demand
In the current economic context, buying a car can pose a significant expense for Romanians, and securing favorable financing terms isn't always straightforward.
11:30
ING Bank finances Medisprof Group to build oncology hospital
ING Bank Romania has financed Medisprof Group, which owns the largest private oncology hospital in western Romania, to expand in the region of Moldova.

Thursday, 14 March, 2024

17:16
Speedwell starts construction of second residential building of PALTIM
Speedwell announces the start of construction works for the second residential building of the mixed-use urban regeneration project, PALTIM.
13:17
Midia Marine Terminal - over 700 vessels operated in 15 years
Midia Marine Terminal exceeded the threshold of 700 vessels operated at the offshore marine terminal, located 8.6 km off the Black Sea.
13:08
Two out of three local tax payments with Visa were made online in 2023
The taxes paid online represented almost 60% of the total value of local taxes paid with Visa cards in 2023.
11:08
Report: New homes supply is decreasing in Bucharest
The areas located in the northern parts of the city will continue to attract the most residential developments, with almost 40% of new housing supply located here.

Wednesday, 13 March, 2024

11:35
Romanian annual inflation rate down to 7.2% in February 2024
The annual inflation rate dropped in February 2024 to 7.23%, from 7.41% in January.
11:19
Businesses favor gradual adoption of Generative AI
More than a third (38%) of enterprises seek measured, incremental GenAI roll-out.
10:44
tbi bank reports highest growth and profit in 2023
Over the past 7 years tbi bank went through a major transformation from a traditional local player into SEE's leading challenger bank.
10:37
OECD: Stronger institutions and public finances would help boost productivity
Romania's economy has performed well in recent years, driving living standards higher and supporting convergence with OECD countries.
10:31
Industrial and logistics leasing transactions outside Bucharest reached a record high last year
2023 ended with solid activity levels for industrial and logistics, with some 770,000 square meters of leasing deals closed.

Tuesday, 12 March, 2024

13:50
Rehau: Underfloor heating market reached €90 million in 2023
Over 80% of the market value is represented by the residential segment. Last year, the European market has reached €1.1 billion last year.
12:08
Retele Electrice Banat runs tender of RON 37 million for networks modernization
The works will consist in making loops on medium voltage lines, supplied from the 110/20/10 kV Fratelia and Cetate transformer stations in the Timișoara area.
11:50
Noark Electric inaugurates their first regional logistics center in Romania
Noark Electric Romania announces the inauguration of their logistics center in Romania, which will serve the countries in the region.
11:43
The housing market lost ground in 2023, but 2024 promises a significant comeback
Despite initial challenges, Romania's residential real estate market demonstrated resilience throughout 2023, setting the stage for a promising outlook in 2024.
11:16
GES Furnizare signs first electricity supply contracts
Simtel Team announces the signing of three contracts for the energy supply through GES Furnizare SRL (GES), an entity in which Simtel holds a 62% stake.
11:10
Romania's gender pay gap is nearly 3 times lower than EU average
Women in Romania earn on average 4.5% less than men, well below the European Union average of 12.7%. Still, the indicator in the private sector is way higher (8.6% on average).
11:04
Deloitte and UiPath expand strategic alliance through new AI-powered SAP software
This collaboration combines Deloitte's SAP implementation skillset and AI teams of experts with UiPath's AI and automation technology
10:32
Vienna Insurance Group reports significant profit growth for 2023
With double-digit premium growth and a strong increase in profit, Vienna Insurance Group (VIG) presents a particularly successful financial year 2023.

Monday, 11 March, 2024

18:02
Boosting paper recycling could add €1 billion of material into recycling streams
In 2020, 63% of paper and card was recycled in Romania, compared to a European average of 82%
17:54
Nusco City, drawn by international architecture firm Fuksas Studio
The largest urban regeneration project in the North of the Capital - Nusco City has signed a partnership with the renowned Fuksas Architecture Studio.
14:27
C-suite barometer: Optimism for a year of transformation, but more regulation needed
Business has its eyes firmly set on a positive future, and leaders are looking to expand and grow with confidence.
13:53
ROCA Industry moves to main market of BVB after 2 years on AeRO
The value of the company increased by 23% in the two years of its presence on the capital market, and at the time of the transfer it had a capitalization of RON 234.7 million.
13:50
Pepco exceeded 30,000 women employed in Europe in 2023, over 3,200 in Romania
In 2023, Pepco has employed more than 30,000 women in its European retail chains, with women accounting for up to 93% of the retailer's workforce in Europe.

Friday, 8 March, 2024

16:58
EIB reports record financing for Romanian economy
Romania was a top beneficiary of EIB financing in 2023, with total financial commitments reaching a record high of €4.1 billion.
15:31
OTP Group announces net profit of RON 262 million in 2023
2023 report shows great consolidated financial results, with growing profitability and increasing income.
12:56
Alpha Bank Romania total assets exceeded €4.7 billion in 2023
In 2023, Alpha Bank Romania continued to adapt to challenges and changes in the macroeconomic environment.
12:39
Startup founders can learn how to develop their businesses in Hub Orizont
Entrepreneurs from Bacau can learn how to create and develop their own businesses at Hub Orizont, a space launched by the Municipality of Bacau.
12:32
Teius Photovoltaic Park, a €47 million investment in Alba
TeiuS Solar, part of the Eurowind Energy group, a Danish developer and operator of wind, solar and hybrid projects, announces the launch of the Teius Photovoltaic Park project.

Thursday, 7 March, 2024

14:17
Electrica Group recorded, in 2023, a net profit of RON 620 million
The gross dividend proposed to be distributed from the individual profit is RON 0.1178 per share, and the total gross value of the dividends is RON 40 million.
13:39
EIF supports Blue Revolution Fund in boosting sustainable aquaculture investments
The fund's strategy is in line with the Green Deal focusing on climate and environmental impact.
10:06
European travellers confident about spending power
Europeans are confident about their travel spending power in 2024 despite the ongoing cost of living pressure across the continent.
09:58
Romanian companies anticipate improvement of economic indicators, but are still prudent
Romanian companies anticipate improvement of macroeconomic indicators such as GDP, inflation and unemployment, but still adopt a prudent approach as uncertainty remains high.

Wednesday, 6 March, 2024

12:36
Banca Transilvania named world's 3rd strongest banking brand in latest ranking
Banca Transilvania has impressively jumped from being the 7th to the 3rd strongest banking brand in the world in 2024.
11:59
Recent geopolitical shifts have changed how Romanian companies do international trade
Over the last two years, geopolitical tensions have escalated across the world, fragmenting the global trade landscape.
11:45
Țuca Zbârcea & Asociații advised Rodbun Group on €101.5 million syndicated facility
Rodbun Group, a leading Romanian company active in the agribusiness sector, has signed a syndicated credit facility totalling €101.5 million.
POPULAR
1
Real estate
5 months ago
Transilvania Constructii: Offices are increasing demand within logistic warehouses
2
Economy
2 months ago
Consumers expect brands to have a voice even in election context
3
Economy
8 months ago
Kearney's 2024 FDI Confidence Index reveals continued optimism among executives
4
Real estate
9 months ago
Impact Developer & Contractor records 59% fall in profit during 2023
5
Energy
7 months ago
Greenvot Group plans €27 million investment in Romania