Latest news
Friday, 30 August, 2024
18:43
Arctic Stream announces growth in revenue and profit in H1 2024
The company reported a 19% increase in revenue and a 2% rise in net profit for the first six months of this year compared to H1 2023.
18:29
Iulius secures urban zoning plan for Cluj-Napoca project
Romanian developer Iulius has obtained the urban zoning plan (PUZ) from the local council for a new urban regeneration project in Cluj-Napoca that will have a planned investment of more than €500 million.
17:51
AROBS announces a consolidated revenue of RON 206 million in H1 2024
The "Software Services" segment continued to be AROBS's main pillar, generating revenue of RON 166 million, accounting for 81% of the total revenue.
10:54
One United Properties proposes share consolidation at a 50:1 ratio
The consolidation will involve offering 1 new ONE share for every 50 existing shares, impacting the number of shares and the nominal value of One United Properties' shares.
10:45
Sphera Franchise Group doubles profitability in H1 2024
Restaurant operating profit of RON 87.8 million, +44.8% YoY in H1, with high double-digit increases for Taco Bell, KFC Romania and KFC Moldova.
10:26
MedLife announces 24% growth in consolidated pro forma revenue
In H2 2024, MedLife recorded consolidated pro forma revenue of RON 1.3 billion, up 24% compared to H1 2023, likely to exceed half a €500 million in revenue this year.
Thursday, 29 August, 2024
15:33
CTP rolls out CTBox concept in Romania with flexible spaces
Industrial developer CTP has launched its first CTBox building in Romania on the premises of CTPark Bucharest West.
11:30
Small spaces in industrial park: CTP unveils first CTBox building in Romania
This facility introduces an innovative concept that has already proven successful in other international markets and is now available to businesses in Romania.
11:14
Romania's retail market heads for 5 million sqm by 2026
Romania's retail stock expanded by around 106,000 sqm during H1 2026, with another 205,000 sqm under development that could help the country reach the 5 million sqm milestone at the end of 2026, according to a Colliers report.
11:03
Monthly installments and mortgage interest rates reaches 2019´s level
Refinancing a mortgage loan today by switching to a fixed interest rate can bring a 22.5% decrease in the monthly installment paid compared to the value registered a year ago.
10:51
Cost of educating a child in Romania exceeds RON 30,000 throughout school cycle
At the same time, approximately 9% of children in Romania require medical support for various mental and emotional issues, according to a UNICEF study.
10:40
Salt Bank: 100 days since launch of first 100% Romanian neobank
Salt Bank's clients are mainly individuals with medium and high social status, with almost half (46%) of them earning more than €1,000 monthly.
10:33
Colliers: Investment interest in metropolitan and regional malls rise again
The largest openings in 2024 were Argeș Mall (51,400 square meters), the new Prime Kapital/MAS REI project in Pitești, followed by Aurora Mall in Giurgiu (13,500 square meters).
10:25
Premier Energy Group reports €534.8 million revenue, €39.9 million profit in H1 2024
Premier Energy Group maintained a highly liquid financial position, with approximately €109 million in net working capital and cash balance as of the end of the first half of 2024.
Wednesday, 28 August, 2024
15:21
Courier services in digital age: Cargus Mobile App exceeds 1.5 million downloads
The Cargus Mobile App consolidates the company's digital transformation direction by offering users a complete experience and advanced functionalities for parcel management.
14:51
Belgians lead investments in Romania's property sector
Investors originating from Belgium had the biggest share in Romania's commercial property sector in the first eight months, according to a Fortim Trusted Advisors study.
12:39
One United Properties posts consolidated turnover of €140.6 million
Revenue from the residential segment reached €105.4 million, a 14% YoY decrease. However, net income from residential properties increased by 6% YoY to €38.3 million.
12:31
FORTIM Study: Top countries for real estate investment in Romania in 2024
Romanian investors have bought office buildings, hotels in smaller towns or mountain resorts, two small shopping centers and portfolios of shops on the street.
12:17
Park Properties completes full sale of Sun Lake apartments in construction phase
The developer is currently developing 700 residential units in Bucharest, Pipera, Corbeanca/Balotești and other locations in the country.
12:09
Romania had only 1 company classified as a zombie in 2023, representing 1.4% at global level
In 2023 alone, Kearney identified 827 new zombie companies—outpacing the 534 that were “resurrected” by improving financial situations and the 127 that were delisted.
12:01
Six out of ten companies report financial losses due to crises amplified on Facebook
The risk of triggering and escalating image crises for companies in Romania is increasing, fueled by the increase in the number of social media users and the time spent online.
11:48
Reff & Associates and Deloitte Romania assists Helinick in Convergint sale
The multidisciplinary team within Reff & Associates | Deloitte Legal and Deloitte Romania provided legal and tax assistance throughout the sale process.
11:41
Agricover Group announces a pre-tax profit of RON 60.2 million in H1 2024
The group continued its relationships with over 10,000 farmers who accessed the products and services offered through the group's three business segments.
11:05
DS Smith launches service for businesses to assess recyclability
DS Smith's Recyclability Evaluation Service (RES) has launched for businesses of all sizes. The service will also be available to companies in Romania.
10:59
Romanians' interest in laser dental interventions has increased 3 times in recent years
Treatments with laser technology are preferred by both adults and children, both because there is no more pain and for quick healing.
Tuesday, 27 August, 2024
09:48
Clifford Chance Badea advised Nofar Energy in acquisition of a 160 MW photovoltaic plant in Giurgiu
The project is adjacent to another solar plant that Nofar Energy has previously bought from the same seller.
09:44
WDP: Companies increasingly favour nearshoring over offshoring
Nearshoring has gained considerable popularity in recent years as a replacement for traditional offshoring/outsourcing practices.
09:35
Logicor purchased from Jumbo 4.6 hectares of land in East of Bucharest
Logicor also owns an 8.2-hectare plot next to the Arabesque materials warehouse in eastern Bucharest.
09:29
DN AGRAR: turnover of RON 83 million and EBITDA of RON 35 million in H1 2024
At the end of June 2024, the livestock owned by DN AGRAR, consisting of dairy cows and young cattle, and reached approximately 14,700 heads.
09:20
Logicor makes large land purchase in Eastern Bucharest
Logistics developer Logicor has purchased a land plot spanning 4.6 hectares from toy retailer Jumbo for an undisclosed sum.
09:19
VGP welcomes Miele Tehnica as new tenant in VGP Park Brașov
The company Miele Tehnica, a subsidiary of the German Miele Group, is expanding its production area in a new facility of 2,000 square meters rented in VGP Park Brașov.
Monday, 26 August, 2024
14:37
Immofinanz sells office project in northern Bucharest
Austrian real estate group Immofinanz, part of CPI Property Group, has sold its office complex Iride Park in northern Bucharest for around €45 million.
14:12
Sphera Franchise Group becomes an Associate Member of ARIR
Sphera Franchise Group is one of the 16 companies out of the 80 evaluated from the Main Market of the BSE that received the maximum score, 10, for investor communication.
14:06
Romania allocates least money for health per capita in EU
OECD: In 2022, health expenditure in Romania represented 6.5% of GDP, compared to the EU average of 11%.
14:00
Rețele Electrice invest RON 24 million in modernization of medium voltage network
The purchase of modern equipment will significantly contribute to increasing protection against overloads and short circuits.
10:30
Romania sees more hotel deals under €5 million
Romania's hotel market has recorded transactions with an average value under €5 million over the past 18 months, according to a Crosspoint Real Estate report.
Friday, 23 August, 2024
12:05
Tech giants call for supplier action to help decarbonize digital infrastructure
AWS, Digital Realty, Google, Meta, Microsoft and Schneider Electric, released an open letter that explains the importance of Environmental Product Declarations.
10:45
Favorite used cars in Romania in H1 2024: Volkswagen, Audi, and BMW
The Volkswagen Passat remains the most desired car in the secondary market, but the popularity of the Toyota Corolla is growing.
10:36
Deloitte Romania assists AFI Europe in Bucharest Financial Plaza building acquisition
The transaction has an estimated value of approximately €27 million and was recently signed.
Thursday, 22 August, 2024
18:32
EBRD invests in Romanian retailer La Cocoș
The European Bank for Reconstruction and Development (EBRD) has announced a €10 million equity investment in Romanian retail chain La Cocoș. Additional equity funding will be provided by CEECAT Capital and Morphosis Capital to support the retailer's development plans.
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