Tommy Hilfiger, which is part of PVH Corp. [NYSE: PVH], announces a landmark partnership with F1 ACADEMY™️, the series designed to help and develop young female drivers, and sponsorship of leading Spanish talent Nerea Martí. Building on a legacy of innovative partnerships in the Formula 1™ world, Tommy Hilfiger accelerates using its global platform to […]

Construction and real estate sectors are among the most cyclical sectors. Sensitive to changes in the labour market, prices in commodities and, first and foremost, the interest rate environment and accessibility of credit, they are currently under strain. And things are unlikely to get any better in 2024.   Homebuilders are seeing some fractures   […]

SII Romania, a multinational company specialized in IT services and solutions, announces the opening of its second regional office in Timișoara, following the success achieved with the opening of the first office in Iași. This expansion is part of the territorial development strategy and underscores the company's commitment to providing high-quality services and customized solutions […]

Kingfisher, the international home improvement company and owner of well-known brands such as B&Q, Screwfix, Castorama, and Brico Dépôt, is honoured to announce the launch of its new technological hub in Cluj-Napoca, Romania, in partnership with Endava, a leading technology services company headquartered in London, which combines world-class engineering, industry expertise and a people-centric mindset. […]

On 26 January, Directive (EU) 2022/2464 of the European Parliament and of the Council regarding companies’ sustainability reporting, known as the Corporate Sustainability Reporting Directive (CSRD), was transposed into Romanian law through Ministry of Finance Order no. 85/2024 (“OMF 85/2024”). „This legislative advance underscores Romania's proactive stance in fostering responsible business practices and ensuring that […]

GapMinder Ventures, the venture capital fund manager that invests in technology companies born in Romania and Eastern Europe, launches GapMinder Fund II, an investment vehicle with a target of €80 million, representing the largest VC with a primary focus on the Romanian tech start-up market. The fund became active on February 14th after its first […]

The first private rehab center, with all inclusive services, was opened in Romania, as a result of the increase in the number of people affected by severe addictions. Offering a unique service in the country, Snagov Rehab Center is a modern center, developed with a private capital investment through which emphasis was placed on the […]

Real estate investment transactions amounting to more than €600 million are currently in advanced stages of negotiation, as the volume registered throughout 2023 could be matched in the first half of this year, according to data from the Cushman & Wakefield Echinox real estate consultancy company. Ongoing negotiations target office buildings (30% of the value […]

Health, well-being and a healthy lifestyle are for Romanians the most important for a long life. 71% of Romanian respondents to a longevity study conducted by NN Group in 11 countries believe they need to adopt a healthy lifestyle in order to live longer, but also to reduce stress (68%), spend more time with loved […]

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 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 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, 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 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 […]

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 […]

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 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 […]

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 […]

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 […]

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 […]

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 […]

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, 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 […]

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., 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 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 […]

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 […]

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. […]

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 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 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 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, […]

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, […]

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 […]

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 […]

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, 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 […]

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 […]

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 […]

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, 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 […]

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 […]

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’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. […]

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 […]

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 […]

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. The recognition is awarded by Top Employers Institute, the most prestigious global authority in certifying excellence and performance in HR, based on […]

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 […]

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 […]