One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded turnover of EUR 208.5 million in the first nine months of 2024, an 11% year-on-year decrease. This marks the second time in the Company’s history that turnover has surpassed EUR 200 million already within the first three quarters, […]
Tazz, one of the most important delivery platforms in Romania, part of the eMAG group, announces the signing of an agreement regarding the acquisition of its social parts by Wolt, a local commerce platform of Finnish origin with operations in 28 countries. The acquisition is expected to close in the next few months, subject to customary […]
Restart Energy has completed the implementation of a photovoltaic project for Fileca Industry worth more than 300,000 euros. The beneficiary's investment will be amortized in about 4 years. The project consists of 852 panels located on the roof of the beneficiary's building in Beclean, Bistrița-Năsăud County. The panels cover an area of 3,500 […]
Mobile Industrial Robots (MiR), a pioneer in Autonomous Mobile Robot (AMR), has launched MiR Fleet Enterprise, a platform that can manage fleets of up to one hundred robots. The new platform is designed for companies transitioning from using a small number of robots to large fleets requiring advanced automation, orchestration and traffic management capabilities. The […]
FlixBus, the travel-tech company operating Europe's largest intercity coach network, announces a significant increase in passenger numbers for the summer season. Between June and September, the company reports a 28% increase in the Bulgaria-Romania region compared to the same period in 2023, with more and more Romanians choosing coach during their vacation. This summer, FlixBus […]
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024. Ana-Maria Pascu has been part of the River Development’s team for more than 20 years, as Economist, with responsibilities in the department that manages the relationship with the community of clients […]
In Bucharest's real estate market, the northern house segment remains one of the most dynamic and attractive, especially given the continuous increase in villa demand. Despite the challenges posed by high construction costs and a decreasing offer, the demand for housing in this area is rising. Price increases and market impact In Pipera, an area […]
Telekom Romania Mobile recorded 1.951 million Post paid subscribers at the end of the second quarter of 2024, up 4.7% compared with the same period of last year, continuing the trend of subscribers’ base growth since Q4 2020. In the same period, the total customer base stood at 3.60 million subscribers, down 11.4% as compared to same period last […]
Bergenbier S.A., part of the Molson Coors Beverage Company group, one of the most important beer producers in Romania, ended 2023 with a turnover of 907 million lei, an increase of almost 14% compared to the previous year. "For us, 2023 represents yet another validation that the company's strategy, revised and amplified starting from 2020, […]
PeliPartners is proud to announce its role in assisting WDP, one of the largest logistics real estate companies, with a significant acquisition on the Romanian market. WDP's acquisition includes around 135,000 m² of directly yielding assets and 300,000 m² of development potential, representing an investment of approximately 110 million euros. The transaction allows WDP's Romanian […]
Commenting on these results, Christel Heydemann, the Orange group’s Chief Executive Officer, said: “ Orange has had a very good first half with solid results that allow us to confirm the Group’s guidance. These results, which notably include a sharp increase in cash flow, continue to be driven by the remarkable performance of Africa & […]
Global Vision, a leading name in the Romanian real estate sector, with more than 20 years of extensive expertise in construction, development, and asset management, is proud to announce its future plans after the landmark transaction with WDP Romania, a renowned investor in the European real estate market. “We are at a significant milestone in […]
The management of Goldring, one of Romania's most active brokers in terms of trading volume on the Bucharest Stock Exchange (BSE), aims to register 200 clients for the new Discretionary account service this year and assets of more than RON 50 million. Goldring launched Discretionary account services in 2023, with the first account opened in […]
Personal development and nutrition workshops, massage sessions and multisensory experiences such as cheese or ice cream tastings organized by office building landlords are highly appreciated by employees. These initiatives aim to create a work environment which encourages a gradual return to offices. The budget allocated for these actions can reach up to €10,000 per year […]
The international transport and logistics company Gebrüder Weiss is celebrating 30 years of business in Romania this year. Started as a small freight forwarding agency in 1994, the company has undergone an impressive development in three decades and is now a well-known full-service logistics provider on the domestic market. During this period of time, the […]
Restart Energy has completed the construction and installation of a photovoltaic project for Dip&Gip, totaling more than 200.000 €. The investment of the beneficiary will be amortized in about 3 years. The rooftop project has a capacity of 299 kWp and was installed on the roof of a production facility belonging to the beneficiary, located […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the lease of a retail space with a gross leasable area of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The lease agreement is signed with Tomcat […]
Agra Asigurări, the national leader in agricultural insurance, announces record numbers regarding damage claims for the agricultural year 2023-2024. In total, over 2400 damages have been reported due to the recent extreme meteorological phenomena Romania has faced. June of this year marked a record regarding the total number of claims registered in a month. Over […]
Bucharest, July 2024: Romanians spent €36 billion in large retail chains, an amount 11% higher compared with 2022, out of which the FMCG spending accounted for €22.5 billion euros (more than 60% share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echinox real estate consultancy company, based on the financial […]
Romania’s Ministry of Internal Affairs, Department of Emergency Situations, has awarded PZL Mielec, a Lockheed Martin company, a contract to procure an additional new-generation Black Hawk® utility helicopter for emergency and firefighting services. This additional aircraft will join Romania’s fleet of European manufactured Sikorsky S-70M Black Hawk utility helicopters, currently providing maritime and land search […]
Freelancers who have filled in their Personal Income Tax Return through the digital accounting platform SOLO paid more than €11 million in taxes and contributions to the government for 2023. The deadline for individuals with income from independent sources (self-employment, freelance, rents, crypto, dividends, allowances, stock market sales) to declare their income through the Personal […]
Brothers Mihai and Sorin Doroftei, known for their gambling business under the Las Vegas brand, have decided to radically change their business strategy. In a major strategic move, the two have sold part of these businesses to focus on investments in renewable energy. Furthermore, the Doroftei brothers are considering the complete sale of the Las […]
TOMMY HILFIGER, celebrated together with international and national media, local authorities and influencers from all over the world the opening of its TOMMY HILFIGER store in Mykonos, Greece. Located in the heart of one of the most popular global summer destinations, the new store effortlessly blends TOMMY HILFIGER’s nautical heritage with the magic of the Mediterranean, offering […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces €47 million financing from Banca Transilvania. This financing will be used to fully repay the existing credit contracted by the company in 2021 from the Black Sea Trade and Development Bank for the development […]
Deloitte Romania assisted Affidea medical group, one of the leaders in the medical services market, in taking over the Medeuropa network, which provides radiotherapy and chemotherapy services, as well as oncology consultations. The transaction was signed in February 2024 and was completed recently, following regulatory and competition approvals. Through this takeover, Affidea enters the niche […]
TeraPlast SA announces the appointment of Mr. Bogdan Lucian Crăciunaș as the company's Chief Financial Officer, effective from July 29, 2024. Bogdan Lucian Crăciunaș began his career in 2007 and has gained extensive professional experience within two Big 4 financial audit firms. Prior to joining the TeraPlast team, Bogdan held the position of Chief Financial […]
Vascar, a producer of meat products and canned food, is celebrating its 40th anniversary and aims to expand its national presence through Key Account partners. The company ended 2023 with a turnover of 140 million lei, up 10% on the previous year. Exports recorded the highest growth in the last year, due to the positive […]
After reaching an all-time high in April (USD 10,000/ton), a far cry from the highs of 2009 and 2011 (USD 3,700/t), cocoa prices fell back to USD 7,000/t once the Easter celebrations were over. However, they remain three times higher than a year ago, and are set to stay there. The rise in cocoa bean […]
The Learning Tapestry. The Future of Education Conference, which will take place on 5 and 6 June in Bucharest is a learning opportunity for entrepreneurs and leaders who understand the importance of developing essential skills today, in today's fast-paced and highly dynamic environment, such as systems thinking, adopting an empathetic leadership style, building and developing […]
Pluria, a leading B2B SaaS platform connecting distributed teams with nearby workspaces, has announced its acquisition of Bili, an innovative menu ordering and payment solution. This strategic move underscores Pluria's commitment to enhancing the seamless working experience in flexible spaces. Founded in 2022, Bili, a mobile solution for swift meal ordering and payment, will be […]
Bergenbier S.A., part of the Molson Coors Beverage Company group, continues its expansion in the non-alcoholic beer mix segment and launches Fresh 0.0 Pomegranate and Pink Grapefruit. It is already the fifth assortment of the brand that the company produces in its Ploiesti brewery. "The Romanian consumer has started to look for different tastes, which […]
The shareholders of One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use, and office real estate, approved, during the General Meeting of Shareholders held on May 28th, 2024, the share capital increase operation with cash contributions that will raise 70 million euros to finance the Company's next growth phase. The GMS […]
Goldring, one of the most active brokers in Romania in terms of listings and trading at the Bucharest Stock Exchange, has recruited Nicolae Tudor (30) as Director - Head of Sales & Trading, after spending five years in London at Bank of America, where he managed products and services for institutional hedge fund investors. Dragoș […]
Sustainability is expected to drive a massive shift for the Chief Financial Officer (CFO) function, which will likely manage more non-financial than financial data in the coming years, as the EU Corporate Sustainability Reporting Directive (CSRD) imposes new reporting requirements for which CFOs are generally appointed responsible, according to the Deloitte “Re/Insurance CSRD benchmark” study, […]
Restart Energy has completed the construction and installation of two photovoltaic projects for Com Divers company, worth over €300,000. The beneficiary's investment will pay for itself in approximately 3 years. The rooftop projects have a combined power of 416 kWp and were installed on the roof of two industrial warehouses belonging to the beneficiary, located […]
Brico Dépôt Romania, one of the main players in the construction and home improvement field and part of the Kingfisher plc group, announces activities recorded in the first quarter of this fiscal year. The retailer's sales reached £63m, up 12.3% on the previous year and up 14.7% on a like-for-like basis at constant exchange rates. […]
Techcelerator and Google for Startups have selected nine startups in Advancing AI, an accelerator program for startups in the region that create products based on AI (Artificial Intelligence) solutions. The programme supports companies' growth efforts and stimulates the development of the ecosystem in the region, with the selected startups coming from Romania, Poland, Serbia and […]
SeedBlink, the investment and equity management platform for European technology startups, launches on June 10th the third edition of Tech Investors Academy. This online course is dedicated to intermediate and advanced investors interested in deepening investment techniques in private technology companies. Registration is open until 5 June and the course will start on 10 June. […]
Today, DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region. Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a […]
Aon România, one of the global leaders in insurance brokerage, organized the event Agri Risk Management: National Conference on Agricultural Risk Management on Tuesday, May 14, in partnership with CSR Nest. During the event, the main risks faced by farmers in Romania were identified from climate, financial, technological, and farm management points of view, while […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, is pleased to announce that DP World Romania, a global leader in logistics and supply chain solutions, is expanding its business operations within Romania and is opening an office in the prestigious One Cotroceni Park […]
The RO e-Transport system is a key component of the digitisation effort of the National Agency for Fiscal Administration (NAFA). Launched as part of an extensive strategic plan, this system is fundamental to modernising and streamlining tax processes in Romania. By implementing the RO e-Transport system, NAFA's main objective is to reduce the VAT gap […]
Bozankaya, the rolling stock manufacturer, delivered 18th May, the first tram in yellow colour to the municipality of Timisoara from the batch of 17 signed at the beginning of the year. The value of the project amounts to approximately 33 million euros, around 1.9 million euros per tram. All trams will be delivered to Timisoara […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
The elective assembly of the new Board of Directors of the Italian Chamber of Commerce for Romania, which will remain in office for the next four years, took place on the 23rd of April at the headquarters of Unicredit Bank. The elections took place online, through the Eligo platform, and 63.41% of eligible voters participated. […]
Aon România, one of the global leaders in insurance brokerage, is organizing the event Agri Risk Management: National Conference on Agricultural Risk Management in partnership with CSR Nest. The event will take place on May 14 at Crowne Plaza Bucharest and aims to identify the risks faced by farmers in Romania while offering innovative and […]
The latest review of the Energy Performance of Buildings Directive (EPBD) sets ambitious objectives to reduce global consumption of energy of the European Union buildings and establishes the common framework for the Member States to rely on for the reduction of carbon emissions and energy efficiency, according to the national particularities. Th experts attending the […]
The Polish company SMYK All for Kids, one of the largest retailers in the segment of toys, clothing, shoes and accessories for children, is expanding in Romania with a new store in Pitesti. Therefore, the retailer reaches 32 stores nationwide, thus ensuring a better national coverage. The store in Pitești is the first SMYK All […]
M247 Europe, one of the leading providers of Data Centre and cloud solutions in Romania and present in 26 countries worldwide, announces the prioritisation of investments in equipping data centres with a range of high performance GPU powered servers plus a new range of CPU’s to provide to support the evolution of the digital environment […]
Swisspod Technologies, a startup founded by 2 winners of the SpaceX Hyperloop Competition — Romanian Denis Tudor and Cyril Dénéréaz, announces a new round of €200,000 on SeedBlink as part of a total funding round of €7 million. This strategic investment will be used to continue Swisspod's mission of innovation, research and global expansion, enabling […]
