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Goldring, one of the most active brokers on the BVB, has recruited its Sales & Trading Director from Bank of America.

mai 27, 2024

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 […]

Deloitte study: sustainability will drive a massive shift of the CFO function, which will likely manage more non-financial data than financial data in the coming years

mai 27, 2024

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 completed two photovoltaic projects for Com Divers company, worth over 300,000 euros

mai 27, 2024

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 announces sales of 63 million pounds in the first quarter of fiscal year 2024, 12.3% higher than last year

mai 27, 2024

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. […]

Startups from 20 countries have applied to Advancing AI #4, Techcelerator's accelerator program for entrepreneurs in Southeast Europe developing products using Artificial Intelligence

mai 26, 2024

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 launches the third edition of Tech Investors Academy, an online course for those interested in investing in private technology companies

mai 26, 2024

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. […]

DP World boosts European trade with over €130m investment in Romania

mai 26, 2024

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 […]

Identifying the most significant risks in agriculture and the solutions applied to mitigate them, the main themes of the AON Agri Risk Management Conference

mai 26, 2024

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 […]

DP World Romania opens a new branch and expands business area in Romania at One Cotroceni Park, following CBRE's advisory

mai 26, 2024

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 […]

NAFA has published the RO e-Transport guide: fines of up to RON 100,000 for non-compliance with the provisions

mai 20, 2024

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 delivered the first of 17 trams for Timisoara

mai 20, 2024

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 […]

Two former managers from Cluj residents have left the corporation and are setting up a business that will offer new perspectives to the medical field in Romania

mai 9, 2024

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 Romani

mai 7, 2024

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. […]

Business buildings

Aon Romania: Risk analysis in agriculture and advanced strategies for efficient management, the main themes of the Agri Risk Management conference

mai 7, 2024

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 […]

România Eficientă Forum 2024: energy efficiency and decarbonisation of buildings

mai 7, 2024

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 retailer SMYK All for Kids opens its first store in Pitesti and reaches 32 units in Romania

mai 7, 2024

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: We will invest in our data centres to support the development of Artificial Intelligence solutions

mai 7, 2024

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, a startup co-founded by a Romanian, is targeting €7 million to revolutionize global transport with hyperloop technology, a high-speed transportation solution

mai 7, 2024

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 distribution and logistics services for the consumer goods market, in the acquisition of Romtec Europa, producer of car care fluids and aerosols

mai 3, 2024

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 […]

Timiș - among the top counties with high agricultural potential CBRE Romania Analysis: Business Opportunities and Alternative Investment Perspectives

mai 3, 2024

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. […]

Romania, a profitable destination with over 4.5 million sqm of retail modern space at the end of 2024.

mai 3, 2024

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% […]

Cushman & Wakefield Echinox: On average, companies spend €15,000 on fitting out each employee's office space

mai 3, 2024

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 through the RoTechMission delegation at the EU-Startups Summit Malta, one of the biggest events for tech startups in Europe

mai 3, 2024

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, operates 14 charter flights to Lesbos, the third largest island in Greece: "In 2024, Romanians want to travel to as many original and authentic destinations as possible. The demand for them increased by 25% compared to the same period last year"

mai 3, 2024

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 […]

Offices: 41% of total take-up was recorded in the Dimitrie Pompeiu area in Q1 2024 in Bucharest

aprilie 25, 2024

• 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 […]

Transilvania Construcții: Top 5 most important consumer industries

aprilie 23, 2024

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 […]

KIKO Milano opens the first store in Romania, in ParkLake

aprilie 23, 2024

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 […]

Innovative cancer-fighting software from Cluj, successfully trialed in 12 clinics

aprilie 22, 2024

The Mediq software developed by Synaptiq and designed to increase the efficiency of cancer treatment has shown impressive results. It is now being tested by radiation oncologists in 12 Romanian clinics. The artificial intelligence-based software solution is designed to reduce the time doctors need to contour target volumes and organs at risk, from an average […]

CEDER brings the biggest real estate players to its conference and exhibition

aprilie 20, 2024

CIJ EUROPE, the organizer of the annual CEDER conference—one of the biggest real estate conferences in Romania—brings together top leading property professionals from the industry at this year's exhibition and conference. Big companies such as Globalworth, Nusco Imobiliara, AFI Europe Romania, Vastint, North Bucharest Investments, Ceresit, Carbon Tool by Build Green, WIREN, Energy Pal, Avitech, […]

Genezio raises $2 million pre-seed round to build the tools for the future of programming, in a landscape changed forever by generative AI

aprilie 20, 2024

Genezio, a startup launched in 2023 to create tools to help developers automate app creation, raised a $2 million pre-seed round led by Gapminder Ventures. Genezio will use the funds to implement the go-to-market strategy and develop enterprise features, as current use cases include web, mobile, blockchain, AI, and automation apps. This is the first […]

BRD AND IFC JOIN FORCES WITH INAUGURAL TRANSACTION TO BOOST SUSTAINABLE FINANCE IN ROMANIA

aprilie 20, 2024

BRD Groupe Societe Generale and IFC, a member of the World Bank Group, have closed a landmark synthetic significant risk transfer (SRT) transaction that will free up capital for BRD to boost the financing of impactful sustainability-related projects in Romania. Under the transaction, IFC will provide a risk guarantee on an up to €700 million […]

finance

Deloitte study: Transition to circular economy slowed globally in 2023. Agri-food, manufacturing and construction are the sectors that require rapid intervention

aprilie 12, 2024

The transition to circular economy slowed globally last year, as the vast majority of raw materials entering economies are still coming from virgin sources, while the share of secondary, reused materials has steadily decreased over the past five years, from 9.1% in 2018 to 7.2% in 2023, indicates the “Circularity Gap 2024” study, carried out […]

Cherisse Design - Silk Scarves made in EU

aprilie 10, 2024

In the heart of Bucharest, Romania, a small studio radiates with the warmth of creativity and the vibrant hues of passion. This is where the magic of Cherisse Design comes to life, a brand that has quickly become synonymous with luxury, elegance, and the essence of feminine empowerment. Cherisse is not just a brand; it's […]

Stefan Surcel, promoted Head of Industrial Agency at Cushman & Wakefield Echinox

aprilie 5, 2024

Cushman & Wakefield Echinox announces the promotion of Ștefan Surcel as Head of Industrial Agency. In his new role, Stefan will coordinate the activity of the company’s Industrial department and will focus on further developing the existing relationships with strategic clients and also on identifying and creating new market opportunities. Oana Iliescu, Managing Director, Cushman […]

Three times higher investments that Romanian and regional startups can access through Startup Reaktor, the program that represents the EIT Digital Venture Incubation Program in the region

aprilie 5, 2024

12 early-stage tech businesses from Romania and South-East Europe can win up to €30,000 by participating in Startup Reaktor, a program dedicated to early-stage and tech startups from the region that want to launch in new markets. Startup Reaktor is the Romanian representative of the EIT Digital Venture Incubation Program developed by EIT Digital, part […]

Fraud prevention: key investment for business success

aprilie 5, 2024

Fraud prevention in corporate settings is not necessarily a matter of policies and procedures, but it is about cultivating a culture of integrity and vigilance among employees. According to a survey conducted by the Association of Certified Fraud Examiners (ACFE), 42% of actual fraud cases were discovered through internal reporting systems within organizations, which highlights […]

Social Progress Index analyzing the quality of life and social wellbeing: for the first time, the majority of world countries registered stagnation or even decline. Romania follows the trend

martie 30, 2024

After steady improvement in terms of social progress over more than a decade, the global quality of life and wellbeing stagnated in 2023, according to the latest edition of the Social Progress Index ranking, which assesses the quality of life and social wellbeing of 170 countries and is conducted by the non-profit organization Social Progress […]

Mobexpert leased 1,400 sq. m of warehouse spaces within Oresa Industra Park Iasi

martie 30, 2024

Mobexpert, the furniture market leader in Romania, expands its logistics and storage operations by leasing 1,400 sq. m within Oresa Industra Park in Iasi, owned by Oresa Industra, the real estate division of the Oresa family office. The Oresa Industra Park in Iasi reached a 100% occupancy as a result of this transaction. Lorena Brehuescu, […]

SYMMETRICA invests €48 million in the largest factory in the portfolio, but also in S-E Europe

martie 30, 2024

Symmetrica, the leader of the local market of vibro-pressed products and the largest domestic producer, announces a new investment in the largest factory of concrete pavements in South-Eastern Europe, worth 48 million euros.   "Located in Bolintin Vale - Ilfov, our new prefabricated factory will be a symbol of excellence and technological progress. With an impressive surface and extensive production capabilities, this unit represents an essential pillar in supporting regional growth and development and incorporates new technologies for the Romanian […]

Gebrüder Weiss Romania: 650,000 transports carried out through Home Delivery in 5 years since launch

martie 29, 2024

Gebrüder Weiss Romania, one of the main players in the local transportation and logistics solutions market, has achieved approximately 650,000 transports in the 5 years since the launch of the Home Delivery service, marking consistent year-over-year growth. Furthermore, 2023 marked the beginning of a significant social and environmental impact project, involving the delivery with electric […]

Deloitte study: more than half of workers around the world identify increasing work stress as their top concern, followed by changes generated by technology advancement

martie 29, 2024

More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report, while technology advancement is second on the list, according to a quarter of workers, who worry about the significant changes that technology advancement brings, such as creating the […]

SII Romania has a new CEO: Iulia Surugiu takes over the management of the company locally

martie 24, 2024

SII Romania, a multinational company specialized in software engineering and technology consulting, announces the appointment of a new General Manager – Iulia Surugiu, who has extensive expertise in business operations and management, and over a decade of experience within the company. She takes the lead from Manel Ballesteros, who ran the local branch for the […]

More than 100 international experts will mentor the early-stage tech startups from Romania and Southeast Europe that apply to the Startup Reaktor program

martie 20, 2024

More than 100 experts from 10 countries in Western Europe and Scandinavia will mentor early-stage tech startups from Romania and Southeast Europe that apply to Startup Reaktor, a program that allows founders to access pre-seed investment and expand internationally. Startup Reaktor is an "internationalization first" program dedicated to early-stage and very early-stage tech startups from […]

MiR1200 Pallet Jack: Using Artificial Intelligence to Revolutionize Pallet Handling

martie 20, 2024

Today, Mobile Industrial Robots A/S (MiR) announces the launch of the MiR1200 Pallet Jack autonomous mobile robot (AMR). With advanced AI pallet detection, powered by NVIDIA Jetson AGX Orin, MiR1200 Pallet Jack uses 3D vision to identify pallets and do pick up and deliver pallets with unprecedented precision. “The MiR1200 Pallet Jack is our latest […]

Telekom Romania Mobile launches the Buy-Back service, exclusively online

martie 20, 2024

Telekom Romania Mobile introduces the Buy-Back service exclusively online enabling all customers to unlock value from their old phones in exchange of a voucher that can be used to purchase a new handset. Telekom customers that choose Buy-Back service will enjoy a simple, comfortable, and efficient experience. First step is to fill in the online […]

Deloitte Romania has recruited Alin Chitu, professional with almost 20 years of experience in the fiscal field, for the position of Tax Partner

martie 20, 2024

Deloitte Romania has recruited Alin Chitu for the position of Tax Partner, reporting to Vlad Boeriu, Tax and Legal Partner-in-Charge. With a vast expertise in fiscal advisory, built along almost two decades, Alin Chitu’s new role will be to contribute to the expansion of Deloitte Romania’s tax practice. “I take this opportunity to publicly welcome […]

Cushman & Wakefield Echinox: Bucharest among the most affordable residential markets in Europe; rising wages and easing financing conditions favor higher prices

martie 20, 2024

Bucharest ranks among the major European cities with the lowest housing prices and the highest affordability ratios, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The expected increases in wages as a result of the positive economic developments and also the easing of financing conditions are likely to favor house […]

Hexing invests heavily in 8,000 sqm facility generating over 100 high value jobs in Timisoara, at Globalworth Timisoara Industrial Park I, assisted by CBRE.

martie 20, 2024

The new facility of Hexing Technologies Europe SRL, a subsidiary of the Hexing Group and a leading green energy solution provider, set within the thriving Timisoara Airport Park, will serve as a hub of innovation, extending Hexing's digital energy service footprint across Europe. As part of Hexing's long-term vision to build a greener world, the […]

Techceletator - recognized by the Financial Times as one of the top hubs for startups in Europe and third in Eastern Europe

martie 20, 2024

Techcelerator, the SEED accelerator targeting advanced technology start-ups in Romania and South Eastern Europe, has received recognition from the prestigious business publication Financial Times in the Europe's Leading Start-Up Hubs 2024 report, a ranking of the top startup hubs that offer incubation and/or acceleration programs for people looking to start or grow a company. Techcelerator […]

Deloitte study: Romanian companies anticipate improvement of economic indicators, but are still prudent as uncertainty remains high

martie 18, 2024

Romanian companies anticipate improvement of macroeconomic indicators such as gross domestic product (GDP), inflation and unemployment, but seem to still adopt a prudent approach as uncertainty remains high, according to the Deloitte 2024 Romania CFO Survey, conducted at the end of last year among over 110 chief financial officers (CFOs) based in our country. Economic […]

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