Latest news

Tuesday, 21 May, 2024

12:51
Romanian real estate investment market closes Q1 2024 with transactions of €202 million
The first quarter of 2024 ended with real estate investments in Romania totalling €202 million, up 69% compared to the first three months of 2023.
12:24
Acquisition of F-35 aircraft will accelerate Romania's technological transformation
Romania is uniquely positioned to capitalize on the benefits of acquiring and operating the F-35 Lightning II for the upcoming decades.
11:40
Study: half of working women experience more stress than a year ago
The study shows that the share of women who feel burned out has fallen to a quarter, compared with more than a third in 2023 and nearly half in 2022.
11:33
tbi bank reports 40% growth and highest Q1 profit
tbi bank's consolidated unaudited financial results for the first quarter of 2024 show net profit of €11.3 million – almost 40% higher than the profit in Q1 2023.
11:21
M4 subway line expansion could attract investments of €3.5 billion in Bucharest
The initiation of the project to extend the M4 metro line from Străulești to Gara de Nord, and onward to Gara CFR Progresul, promises new development prospects in southern Bucharest.

Monday, 20 May, 2024

20:38
Up to $2 trillion laundered globally every year. Which are the emerging risks?
Although significant strides have been made in recent years, international relevant bodies estimate that between $800 billion and 2 trillion are laundered globally every year.
10:48
Enterprise Investors to support Sescom's dynamic growth
The planned €24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out.
10:41
Over €6 billion real estate acquisitions in 2023 by luxury retail brands
Following a two-year period of continuous expansion, the global luxury retail market witnessed an expected decelaration in 2023.
10:31
Housing sales in Bucharest in April 2024 up 63%
April 2024 was a remarkable month for the real estate market in the Capital. The significant increase in sales reflects increased buyer confidence in the market's growth potential.
10:18
Energy Design & Consulting announces over tenfold turnover increase in 2013
For 2024, ED&C estimates a turnover of RON 9 million, consolidating its position as one of the most important players in its field, both nationally and regionally.

Friday, 17 May, 2024

14:32
FORT shares, a Bittnet Group company, starts trading on AeRO market
May 17th is the first day of trading for FORT shares on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT.
11:43
LIBERTY Dunaújváros and CISDI China sign contract for green steel plant in Hungary
New Electric Arc Furnace will deliver huge environmental and competitive advantages.
11:32
Alpha Bank Romania posts net profit of €16 million in Q1 2024
Total assets reached €4.7 billion at the end of the first quarter, up 8% compared to the first quarter of 2023.
11:19
Cargus announces relocation of Sibiu warehouse
Cargus will operate in a new, modern facility, of 3,100 square meters including the warehouse, a Cargus SHIP & GO location and offices.

Thursday, 16 May, 2024

17:26
DP World boosts European trade with over €130 million investment in Romania
Investments mark 20 years of DP World in Romania, with the business predicting it will become an increasingly important hub for European trade.
15:40
BCG: Women leaders in tech outpace men counterparts in Generative AI adoption
Boston Consulting Group study reveals 68% of women in the tech industry say they use a GenAI tool at work more than once a week, compared with 66% of men.
15:11
VGP Romania has started the construction of the third building in VGP Park
Building A covers an area of ​​25,950 sqm and has already two significant tenants, who have signed lease contracts for a total of 8,158 sqm.
14:28
Revenue and gross margin increasing for Impact in Q1 2024
In the first quarter of the year, IMPACT generated revenues of RON 41 million, up 89% compared to the first quarter of last year.
14:20
Rețele Electrice invests RON 190 million in network modernization projects
The three Rețele Electrice companies initiated a public tender on the SEAP platform, with a maximum cumulative value of around RON 190 million.

Wednesday, 15 May, 2024

10:49
Getts: Beauty industry faces unprecedented challenges in the luxury segment and beyond
GETT'S, one of the largest networks in the field of beauty and hairdressing in Romania for the 4 and 5 star segment, announces a new investment by opening a new boutique salon.

Tuesday, 14 May, 2024

22:03
AROBS posts consolidated turnover of RON 105 million in Q1 2024
Revenue from software services remained almost at the same level as in the first three months of 2023, contributing 82% to revenue, respectively RON 86.4 million.
15:05
Silver has seen a 20% increase in price in 2024
Tavex experts recommend holding investment silver for at least five years to achieve a return above the rate of inflation.
14:56
Signal Iduna is relaunching two insurance products for home and alternative transport
Household goods insurance against disaster risks, providing homeowners peace of mind regarding the costs of repairing or replacing affected personal belongings.
14:33
ELBI Group announces turnover of almost RON 555 million in 2023
The results are up 19% compared to 2022, when the group ended the year with a turnover of over RON 467 million.

Monday, 13 May, 2024

15:16
Romanian IT specialists enhance Command and Control software development for NATO
Systematic will provide the SitaWare Headquarters software suite that will be used by NATO Command Structure, reinforcing the Alliance's operational capabilities.
12:39
Rompetrol Rafinare completed turnaround of Petromidia refinery
Rompetrol initiated the processes of restarting the production facilities at the Petromidia Navodari refinery, after the timely completion of the maintenance and modernization.
12:35
White Image: Requests for bank loans, a success rate of 4% in Q1 2024
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year.
11:48
Roland Berger: Significant growth in investment by private equity investments in Romania in 2024
Over 70% of the study participants anticipate an increase in the number of completed transactions in Romania by investment funds, after 20 were completed in 2023 transactions.
10:24
Garanti BBVA in 2023: Solid profit and significant increases in loans and deposits
Garanti BBVA Romania recorded a net profit of RON 177 million in 2023 and operating revenues of RON 521 million.
09:28
QOOBISS: Implementation of e-KYC Solutions could Increase customer base by 20%
Telecom operators' adoption of e-KYC solutions could decrease the dropout rate in the enrolment process by approximately 20%.
09:23
APS and EBRD invest in NPL portfolio in Romania
The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
09:13
MOL Group Q1 results: solid performance amidst difficult external circumstances
MOL Group Profit before tax reached $382 million in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year.
09:05
OTP Bank Romania operating profit in Q1 2024 down 5% to RON 45 million
Capital ratio climbed to 23,36% underscoring the institution's financial strength, providing a solid foundation for future growth and stability.
08:58
One United Properties posts a gross profit of €37 million in Q1 2024
One United Properties posts a consolidated turnover of €84.3 million for Q1 2024, a 5% decrease compared to Q1 2023.
08:48
Safetech Innovations doubled turnover and net profit in Q1 2024
In the first quarter of 2024, at the individual level, cybersecurity services contributed 30% to total turnover, and implementing cybersecurity solutions contributed 70%.

Friday, 10 May, 2024

14:52
Retele Electrice companies to reach 1.7 million smart meters installed in 2024
53% of customers served by Retele Electrice Muntenia, 50% of those in Banat and 59% of those in Dobrogea will have smart meters by the end of the year.
14:16
Two former managers left corporation to start a business in medical field
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business in the medical industry in Romania.
10:00
Saint-Gobain and OMV Petrom sign agreement for purchase of green power
Saint-Gobain Romania and OMV Petrom sign an agreement for the purchase of electricity from renewable sources for all Saint-Gobain facilities at local level.

Thursday, 9 May, 2024

14:47
Packaging market seeing increase in demand, especially for complete solutions
The packaging market experienced a revival process in the first quarter of the year, following an upward slope.
14:40
Neakaisa.ro: RON 8.5 million turnover in Q1 2024, up 20%
The showroom in Bucharest continued to have a positive impact on business development in the first quarter, after generating around 10% of turnover in 2023.
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