Latest news

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.
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%
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