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COFACE STUDY: INSOLVENCIES IN ROMANIA REPORTED THE SAME LEVEL IN 2023 AS IN THE PREVIOUS YEAR

februarie 21, 2024

The latest Coface Romania study shows that 6,650 new insolvency procedures were opened in 2023 compared to 6,649 in 2022. The refused payment instruments increased both in value (+37%) and in number (+17%) compared to 2022, but below the levels recorded in 2019. The construction sector reports the highest number of insolvencies, respectively 1,446. The […]

TOMMY HILFIGER ANNOUNCES SOFIA RICHIE GRAINGE AS WOMENSWEAR AMBASSADOR THROUGH 2025

februarie 21, 2024

Tommy Hilfiger announces global style icon Sofia Richie Grainge as brand ambassador for TOMMY HILFIGER Womenswear in a long-term two-year collaboration. Possessing a natural affinity for style inspiring a generation, Sofia Richie Grainge will bring a refined vision, natural optimism and taste for accessible luxury to TOMMY HILFIGER’s Classic American Cool DNA through Summer 2024 and beyond.   “Tommy is the godfather of […]

SIGNAL IDUNA continues its consolidation strategy on the Romanian market with a new repositioning campaign

februarie 21, 2024

SIGNAL IDUNA continues its consolidation strategy on the Romanian market and launches the repositioning campaign of the brand "Cu siguranță, totul e posibil". With solid experience and a dedicated team, SIGNAL IDUNA undertakes the commitment, through its two health and life insurance and general insurance companies, to provide a complete range of insurance solutions, covering all […]

SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares, in collaboration with Mavers Tax Advisory and Andronic x Partners

februarie 21, 2024

SeedBlink, in collaboration with Mavers Tax Advisory and Andronic x Partners, announced today the launch of ESOP Design, an all-in-one solution developed for the first time in Romania for startups that want to integrate employee equity compensation into their growth strategy. This program simplifies the process of creating and managing Employee Stock Option Plans (ESOPs) […]

Vodafone expands the commercial Open RAN network in Romania, in partnership with Samsung

februarie 21, 2024

Vodafone Romania is expanding, in partnership with Samsung, the Open RAN network project, tested last year, with new sites in 20 cities across the country, to deliver stable and high-quality network services to Vodafone’s customers.   Samsung provides Vodafone with its vRAN solution supporting multi-RAT (multi-Radio Access Technology – technology that allows the device to simultaneously connect […]

Telecom Worker Climbing Antenna Tower with Harness and Tools

Innobyte strengthens its position in the eCommerce market through a rebranding and repositioning process.

februarie 21, 2024

Innobyte, one of the most important Romanian companies specializing in eCommerce services and solutions, announces a major development phase through a rebranding process, a new visual identity, and the introduction of a revised brand platform. This initiative is driven by a new manifesto, "eCommerce, that’s ALL we do!", which acts as an internal guide, aligning […]

Dealmaking in CEE held up strongly in 2023 – a testament to the region’s maturity as an attractive M&A destination

februarie 18, 2024

Today, Mazars, the international audit, tax and advisory firm, releases its annual CEE M&A report, prepared in association with Mergermarket. It reveals that dealmaking in the CEE region remained robust in 2023 in the face of global challenges. The study, Investing in CEE: Inbound M&A report 2023/2024, offers an overview of M&A activity in the […]

NN Asigurari launches an insurance policy that can pe purchased 100% online, offering 100,000 lei for only 36 lei per year in the event of a car accident resulting in the death of the insured person

februarie 18, 2024

NN Asigurari launches the NN Safety Belt, an insurance policy that provides protection and financial support in the event of a car accident resulting in death, developed in a strategic partnership with www.roviniete.ro. The insurance has a fixed annual cost and can be purchased 100% online, quick and easy, supporting customers to protect their family's […]

Complying with international sanctions: new regulatory measures proposed at the EU level. Do companies know their risks and how to mitigate them?

februarie 18, 2024

International sanctions refer to a set of measures adopted at a global or regional level regarding restrictions and obligations applied to certain persons or entities, mainly for the purpose of maintaining international peace and security, preventing and fighting terrorism, the proliferation and financing of terrorism, respecting human rights and fundamental freedoms or the development and […]

Creating at -5°C: How to build an ice and snow room at ICEHOTEL in Sweden

februarie 18, 2024

The famous Icehotel in Sweden, open from December to April, has this year a room designed by a Romanian. Monica Popescu, together with her colleague Emmylou Varon, created “Dream with a Thorn” in December, built entirely of ice and snow, a deluxe art suite in ICEHOTEL 34, where the temperature never drops under -5°C. In […]

Strategic collaboration unveiled: LinkedIn and Undelucram.ro partner to empower and elevate employee skills in Romania. Companies can acquire LinkedIn Learning platform courses through Undelucram.ro

februarie 18, 2024

Undelucram.ro, the largest online employee community in Romania and a leading player in Central and Eastern Europe, has forged an alliance partnership with LinkedIn, the world's leading professional network. This collaboration empowers companies to seamlessly access and purchase LinkedIn Learning's extensive library of skill-building courses through Undelucram.ro. Register for the Top Angajatori Undelucram.ro conference on […]

Strategic partnership between Vodafone Romania and Ericsson for 5G deployment

februarie 18, 2024

Vodafone Romania opens new opportunities for upgrading its current infrastructure and for 5G deployments by awarding Ericsson (NASDAQ: ERIC) as a key 5G radio access network (RAN) partner with the mission of bringing 5G benefits to consumers and enterprises. As part of the six-year agreement, Vodafone Romania will also use Ericsson’s RAN technology to enhance […]

5G Internet symbol

Romania is among the most active mergers and acquisitions markets in Central and Eastern Europe. In 2023, despite the volume decrease, the market maintained its value

februarie 18, 2024

The mergers and acquisitions (M&A) market in Romania slightly decreased in volume in 2023 compared to the previous year, but maintained its value, according to an analysis conducted by Deloitte Romania. The number of transactions with values over 5 million euros analyzed by Deloitte Romania was 130 last year, compared to 157 in 2022, when […]

Mazars announces another year of record revenues as it builds global ambition

februarie 18, 2024

Mazars, the international audit, tax and advisory firm, today releases its global financial results for 2022/2023. This is the third consecutive year the firm has achieved double-digit growth across all services (both audit and non-audit). Despite ongoing market uncertainty, revenues are up 13% on last year, reaching €2.8 billion in fee income. The firm’s global […]

Deloitte study: eight out of ten global leaders expect Gen AI to transform their organization within three years. Improving efficiency and productivity and reducing costs are top three focus areas

februarie 18, 2024

Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated to Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years. More than half of respondents report a strong focus on […]

Bergenbier S.A. was certified as a Top Employer in Romania

februarie 9, 2024

Bergenbier S.A., part of the Molson Coors Beverage Company group, has been certified as a Top Employer in Romania, based on an evaluation that covers over 20 criteria in the field of human resources. These include HR strategy, work environment, talent attraction, education, diversity, equity and inclusion. "Our organization is built on strong values, and […]

Telekom Romania Mobile introduces Apple Pay service in MyAccount

februarie 9, 2024

Telekom Romania Mobile is the first telecommunications operator in Romania to offer the Apple Pay payment and recharging service in the mobile application for the iOS users. Apple Pay is a fast, secure, and efficient payment solution, with numerous benefits, such as: Advanced security: Payments and top-ups are protected and secured by Apple's enhanced security […]

Cushman & Wakefield Echinox: New take-up record set on the Bucharest office market in 2023; More than 1 million sq. m were leased in 2021-2023, in a period when tenants recalibrated their office needs

februarie 9, 2024

116,000 sq. m of office spaces were leased in Bucharest in Q4 2023, thus bringing the total 2023 transactional volume to over 463,000 sq. m, an all – time annual take-up record, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume in question increased by 43% y-o-y, with a […]

CR-Design: The interior design market will reach a new threshold of maturity and become stronger in 2024. The demand for the decoration of commercial spaces and offices is increasing

februarie 9, 2024

The interior design market in Romania continues its evolution at an accelerated pace, being characterized by two major trends: the increasing interest in the design of commercial spaces and offices and the increased demand for the design of spacious houses and apartments, CR-Design specialists show, one of the most active interior design studios in Romania. […]

UNIQA Group launches HUB for International Programmes

februarie 9, 2024

The UNIQA IP HUB has been established for companies from Central and Eastern Europe (where the UNIQA Group is also present), which, due to their cross-border operations, require insurance coverage not only for their domestic business, but also for risks associated with international operations. International programs will be offered by UNIQA Poland in response to […]

Deloitte becomes the sixth strongest brand in the world in 2024, according to the latest Brand Finance 500 ranking, and remains the most valuable and strongest brand among commercial services

februarie 7, 2024

Deloitte holds the sixth position in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most valuable and strongest brand among commercial services, according to the 2024 edition of the “Brand Finance 500” report, which calculates brands’ value based on indicators such as market performance, marketing strategy and […]

TeraPlast Group acquires Wolfgang Freiler Group from the Uhl family

februarie 5, 2024

TeraPlast Group kicks off 2024 on a strong note announcing a major acquisition. Following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler Group from the Uhl family in Austria has been signed. The entity holds modern production facilities in Hungary and a dynamic distribution division across multiple Central and Western European markets. The transaction value has […]

The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country; 500,000 sq. m of new projects due to be delivered in 2024

februarie 5, 2024

The modern stock of industrial and logistics spaces exceeded 7 million sq. m across the country at the end of 2023, almost 80% of the total stock being concentrated in 3 development regions – Bucharest – Ilfov, West and South-Muntenia. Projects with a total area of around 452,000 sq. m were delivered in Romania in 2023, […]

Deloitte study: global enterprise spending on Gen AI will grow by 30% in 2024 and the market for chips optimized for this technology will reach over US$50 billion from up to nothing two years ago

februarie 5, 2024

Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report, and more companies are expected to develop their own generative AI models as they seek to drive greater productivity, […]

HVAC Ventilation Systems in Constanta chooses Charisma and Primavera suite for integrated digitization of operations

februarie 5, 2024

The company "HVAC Ventilation Systems" Constanta, a major player in the design, execution and maintenance of HVAC installations and power infrastructure, adopts state-of-the-art software solutions to optimize processes and strengthen project control, in partnership with TotalSoft, one of the leading providers of business information systems in Central and Eastern Europe, and Infinity Business Center, a […]

Excellence in investor communication: TeraPlast scored 10 in the Vektor evaluation

ianuarie 30, 2024

For the fifth consecutive time, TeraPlast SA achieves the maximum score of 10 in the Vektor evaluation, coordinated by ARIR - the Romanian Investor Relations Association.   Since 2019, the Vektor evaluation analyses the activity of companies listed on the Bucharest Stock Exchange in terms of corporate governance efficiency, and transparency in investor communication.   In […]

Cushman & Wakefield Echinox: Securitas relocates its offices to @Expo Atenor Bucharest

ianuarie 30, 2024

Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of Bucharest, in a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The company occupies a 1,250 sq. m space in @Expo, one of the most recently completed […]

CTP and Arcese in major lease agreement at CEE's largest industrial park

ianuarie 30, 2024

CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), is pleased to announce a strategic collaboration with Arcese Group, the renowned global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE). This will be […]

CloudStorageBox: The Ideal Solution for Transmitting Large Files to Collaborators and Institutions

ianuarie 27, 2024

In the digital era, the efficient and secure transmission of large files is a necessity for many businesses and organizations. CloudStorageBox, an innovative service based on the open-source NextCloud solution, meets this need by offering a robust and accessible platform for storing, sharing, and backing up files. 1. Flexibility and Accessibility CloudStorageBox allows users to […]

Web hosting at SpeedHost.ro - an oasis of stability in times of rising prices

ianuarie 27, 2024

In a period where economic fluctuations have led most web service providers to increase their rates, SpeedHost.ro remains a beacon of stability and accessibility. Despite the price increases in 2022 and 2023 for electricity, the rising costs for cloud services, and the licensing of software used, SpeedHost.ro maintains its commitment to offering high-quality web hosting […]

Macro commentary by eToro analyst for Romania, Bogdan Maioreanu

ianuarie 24, 2024

Elections effects on the financial markets   2024 is an important election year worldwide. And the first elections already happened in Taiwan where vice-president Lai Ching-te of the ruling, pro-independence Democratic Progressive Party (DPP) won the presidential race, much to China’s displeasure. But the year is bringing elections in some 76 countries, with an anticipated […]

SeedBlink mobilizes €342M in startup investing over 4 years, fueling growth in European tech sector

ianuarie 24, 2024

SeedBlink, Europe's tech-focused venture investment and equity management platform, marks down the most active year of activity in 2023 with 53 deals raised by the next European superstars, including FLOWX.AI, Dronamics and Alcatraz AI, across 20 different tech-verticals. Celebrating four years of activity in the European ecosystem, the platform reports over €815M in asset ownership […]

Princemob Buro: The second-hand office furniture market is gaining momentum in 2024. Companies and Romanians are oriented toward strong savings

ianuarie 24, 2024

In an uncertain economic landscape, Romanian companies, as well as individual consumers, are more and more oriented towards reducing expenses in 2024, having a more sustainable and financially efficient approach to office design. Thus, the second-hand office furniture market is experiencing the greatest momentum this year, with an estimated 20% increase in demand compared to […]

Deloitte study: cyber risks, climate-related regulatory actions and rising interest rates will impact the most real estate companies’ financial performance in 2024

ianuarie 24, 2024

Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study. Companies in Europe are mainly concerned about the same risks, but place political instability […]

TeraPlast awarded with "Best Managed Company" certification within the homonym gala 

ianuarie 24, 2024

TeraPlast’s performance was recognized within the Romania Best Managed Companies Gala by being awarded with the “Best Managed Company" certification. This recognition highlights the sustained efforts and commitment of the entire organization towards continuous performance and development. At the Gala held on January 18, TeraPlast Group’s CFO, Ioana Birta, received the certification on behalf of the company. […]

Cushman & Wakefield Echinox: The development activity in the retail market remains animated: Close to 215,000 sq. m of retail spaces were delivered in 2023, the highest level during the last 7 years

ianuarie 24, 2024

Developers completed 11 retail projects in 2023, totaling approximately 215,000 sq. m, a record level during the past 7 years, with retail parks having a 60% share, with cities such Bucharest, Craiova, Alba Iulia, Arad, Giurgiu, Vaslui benefiting from such investments. The investment plans for the next 5 years are also consistent, given that more […]

Deutsche Telekom jumps into the top 10 most valuable brands worldwide

ianuarie 20, 2024

As confirmed by the “Brand Finance Global 500” published study , Deutsche Telekom is one of the most valuable brands worldwide. The experts listed the Group as the only European company in the top 10 in the overall ranking. As a result, Deutsche Telekom has moved up two positions compared to the previous year and […]

Green Environment Support: 2024 will be the most challenging year yet for the environmental consulting services market. It makes considerable changes to the legislation

ianuarie 20, 2024

The environmental consulting services market will register an advance in 2024, amid increased interest in outsourcing reporting obligations to environmental authorities to avoid fines and reduce costs. At the same time, 2024 also comes with new obligations for companies, it will be the year of rapid compliance with legislation, for fear of sanctions and possible […]

NN has been recognized as Top Employer 2024 for the sixth consecutive year, both in Romania and across all countries where NN Group operates, ranking fourth in the local market and sixth in Europe

ianuarie 20, 2024

NN has been recognized as Top Employer 2024 for the sixth consecutive year, both in Romania and across all countries where NN Group operates, ranking fourth in the local market and sixth in Europe. The recognition is awarded by Top Employers Institute, the most prestigious global authority in certifying excellence and performance in HR, based on […]

Kilowat: 2024 will be the best year in the photovoltaic system market. Romanians from rural areas want to get rid of energy bills for good, and SMEs will rent solar panels

ianuarie 20, 2024

In an increasingly unstable economic-political context, Romanians, both individuals and legal entities, are feeling the ever-increasing costs of energy and are turning to photovoltaic systems, which could reduce these costs by up to 6 times. Thus, 2024 will be the best year for the photovoltaic systems market, with increasing demand, especially from rural areas, and […]

Hotel Bordeaux: In 2024, the power in the HoReCa market will be held by visionary entrepreneurs who invest in staff, use quality food and have clear business procedures

ianuarie 20, 2024

With an uncertain economic context, the HoReCa market could be destabilized in 2024. Thus, to resist and continue to develop, businesses in the field will have to overcome new investment barriers, approach to activity and mentality and to reach the level of quality required and expected by consumers, show the representatives of Hotel Bordeaux and […]

Transilvania Construcții has invested 15 million Euros in TRC Park Bacău

ianuarie 19, 2024

Transilvania Construcții recently completed the construction of its new logistics park in its portfolio - TRC Park Bacău - a project in which the company invested over 15 million Euros.   TRC Park Bacău has an area of ​​almost 25,000 square meters and hosts significant companies from various industries that are constantly expanding. Among the prominent […]

SanoPass FIT Study: Only 1 in 10 Romanians went to the gym throughout the year

ianuarie 19, 2024

SanoPass FIT by MedLife, the leader of the MedTech market in Romania that integrates medical, wellness, prevention, and fitness services, presents the figures recorded in the year 2023, offering a detailed perspective on subscribers' behaviour. Portfolio analysis results show that 40% of those who joined a gym in January maintained regular attendance through April, and […]

Young woman exercises in the gym

NN Romania launches NN Premium Care Abroad, a new critical illness insurance that offers access to a dedicated coordinating doctor in 2 hours and covers medical expenses of over 2 million euro for treatment abroad

ianuarie 16, 2024

NN Romania announces the launch of NN Premium Care Abroad, a complete health protection solution for critical illnesses such as cancer, cardiovascular bypass surgery, neurosurgery or transplant. With NN Premium Care Abroad, each case is taken over within 2 working hours, and clients benefit from a dedicated coordinating doctor, from the initial suspicion to diagnosis, […]

Telekom Romania Mobile is expanding the 5G network in Râmnicu-Vâlcea

ianuarie 16, 2024

Telekom Romania Mobile continues to expand its 5G network nationwide and, starting this week, offers its users in Râmnicu Vâlcea and neighbouring areas access to the benefits of this technology: high download speed, stable connection, even in crowded areas, low latency and optimized battery usage. Thus, Rm. Vâlcea enters the list of cities where Telekom Mobile […]

RO e-Invoice: The road to digitization is paved with good intentions, but it is done with the whip. The taxpayer's frustration level is at an all-time high

ianuarie 16, 2024

The RO e-Invoice system has generated the biggest chaos of the last decade in the entrepreneurial environment, the Romanian state being unprepared to manage the change it imposes and showing incompetence in digitization through the multiple errors of this system. Also, the state is once again failing to develop a good relationship with taxpayers, blaming […]

eToro analyst for Romania, Bogdan Maioreanu: The AI you can touch

ianuarie 13, 2024

For the passionate tech consumer the beginning of the year is an important time. All the new products and technologies for the year are showcased in the Consumer Electronics Show in Las Vegas. At the beginning of 2024, CES is about AI. But this time is the type of AI that can be seen, touched […]

Neon AI on a keyboard

More than €5 billion in non-reimbursable financing projects will come to market in the first half of the year. Investments for companies in green energy, building materials production, food industry, agriculture and more are targeted

ianuarie 13, 2024

At least eight funding programmes are already open or in the process of being launched by the authorities this year, with a total allocation of around €5 billion according to a REI analysis, one of the largest consultancy firms specialising in attracting grant funding for both private companies and public authorities. The grant support, available […]

Young investors' dash for cash: 18-34 year olds twice as likely as their parents to have upped cash allocation

ianuarie 13, 2024

Younger investors are twice as likely as their parents’ generation to have increased their allocation to cash assets such as savings accounts in the last six months, according to data from the latest Retail Investor Beat (RIB) from trading and investment platform eToro. In the study of 10,000 retail investors across 13 countries, 65% of […]

Closeup of hands holding cash

$1.2million USD worth of bitcoin sent to bitcoin genesis wallet by anonymous crypto user

ianuarie 13, 2024

Simon Peters, cryptoasset market analyst at multi-asset investment platform eToro, says:   MOVERS   Bitcoin experienced a wild week of price movement last week, first spiking higher and breaking the $45,000 price level for the first time in two years, before then reversing 8% the following day on the back of chatter on X with […]

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