Latest news

Accor group expands its portfolio in Romania with the signing of a new franchise agreement with Paradis Hotels & Resorts for the conversion of the Dana Holiday Club.

AccelerAction, a virtual space that connects DeepTech innovators across Europe and that is funded by the European Union, is launching Collab.

Simtel Team announces the complete takeover of Oasis Green Energy 3, a project company developing a photovoltaic park in Salonta, Bihor County.

The global professional services company has fortified its presence in Romania through an office lease meant to easily accommodate its expansion perspectives

International law firm CMS has advised The Cicor Group on its acquisition of 100% of the shares of Romanian engineering company, Evolution Medtec SRL.

The Public Country-by-Country Reporting Directive (Public CbCR) was published in the Official Journal of the European Union (EU) on 1st December, 2021.

Romanian property company Impact Developer & Contractor said its net profit amounted to 39.9 million lei (around €7 million) in 2023, down by more than 59% versus 2022 over lower revenue from residential sales.

Chimcomplex, the leading producer and supplier of vital chemicals in the region, generated total revenues for 2023 of RON 1.367 billion.

ROCA Industry, the first industrial holding in Romania, specialized in construction materials, owned by ROCA Investments, recorded a cumulative turnover of 553.8 million RON.

Rompetrol Rafinare, recorded, in 2023, a decrease in financial indicators, on the background of the volatility of international quotations for crude oil and refined products.

Lemet, one of the largest furniture manufacturers at the national level and one of the largest retailers through the LEMS brand, recorded sales of RON 329.9 million in 2023.

NN paid insurance customers and private pensions participants RON 983 million in 2023, 27% more than the previous year.

An office space that respects ESG principles, in line with market changes and EU requirements, is not only a necessity, but also an added value for employees.

Holde Agri Invest SA, one of the largest farmland operators in Romania, posts 56,500 tons of production in 2023, up 31% compared to 2022.

Repaco Capital has started the construction of Crevedia Retail Park that will be completed in H2 2024 near Bucharest following an investment of €15 million.

Price is the main criterion for choosing the brand of the next car to be purchased by consumers in developed markets.

Agroland Agribusiness, part of the Agroland group, specialized in the sale of inputs for agriculture, post operating revenue of RON 57.1 million in 2023.

Packeta Romania recorded a doubling in the volume of parcels processed from the cross-border segment last year.

In the dynamic realm of the Information Technology (IT) sector, 2024 is poised to be a transformative period defined by a myriad of trends and challenges.

Safetech Innovations, posts an individual turnover of RON 31.1 million, down 11% compared to 2022 and a net profit of RON 9.7 million, down 5%.

Bulgaria, Croatia, Greece, Romania, Serbia and Slovenia already comply with the EU's 2030 target for 15% grid interconnection compared to installed power.

PayU GPO Romania, the leader of the local online payment market, estimates that the value of the e-Commerce market will be around €11.5 billion in 2024.

The Romanian investment market recorded transactions of around €476 million last year, down by more than half over 2022's cycle high of €1.25 billion.

UniCredit is making its sailing debut with its support for the third edition of the Youth America's Cup and the naming partner announcement of the UniCredit Youth America's Cup Regatta.

For Terra Romania Utilaje de Construcții, part of the Austrian group Terra Holding, 2023 was the best year in its history on the local market.

TaxDome, a USA company has announced an investment in Romania, a new enter in the local IT market.

Novartis Romania received the international Top Employer certification, a title awarded by the Top Employers Institute, a global authority in human resources.

Libris, an online bookstore in the Romanian market, closed 2023 with a turnover of RON 80 million, representing a 20% increase compared to 2022.

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices and the interest rate, they are currently under strain.

The retailer Flanco announced the acquisition of its first two real estate projects for new greenfield stores. They are located in commercial areas of Botoșani and Brașov and were purchased in the last six months.

The freight transport market in Romania will continue its growth trend in 2024, but more moderate than before, against the background of the uncertain economic context and geopolitical tensions, reports DSV Road.

Impact Developer & Contractor (symbol IMP) raised over one million euro in the first 72 hours of issuing the bond offer. The public offer is ongoing until February 23, 2024.