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 […]
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
• Total leasing activity in Bucharest is 71% higher at the end of the first quarter compared to the same period last year. Bucharest, 8 April 2024 - The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value […]
The industrial and logistics hubs developed by Transilvania Construcții serve top industries such as building materials, automobiles, food, IT, medical, and pharmaceutical, according to internal company statistics. Strategically developed in the Western and Eastern parts of the country, the company offers supply chain projects with more than 250,000 rentable m2 in 83 industrial and logistic […]
Bucharest, 02 April 2024 – KIKO Milano, part of Fais Group, opens the first store in Romania, in ParkLake Shopping Center. This inauguration marks the first episode of the company's expansion on the Romanian market. The grand opening of the first KIKO Milano store in ParkLake sparked an unforgettable excitement and buzz. The long-awaited moment […]
