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 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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Investors are looking forward to 2024 with the expectation of an even better year as inflation is on a downward trend, and lower interest rates are finally on the horizon. In its most recent meeting, the US Federal Reserve announced it is done with rate hikes and it will look to cut interest rates in […]
Mazars has appointed Cristina Constantin and Mariana Dragomir as Outsourcing – Accounting Partners, and Adrian Mihalcea as Deal Advisory Director, to further strengthen the firm’s capabilities and expertise in key areas of our business. Cristina joined Mazars in 2013 and boasts an experience of more than 16 years of offering consultancy on financial accounting […]
Although many organizations tend to see fraud incidents as rather unlikely, usually based on their trust in both employees and business partners, the reality is that such events cannot be anticipated and properly handled without a prevention strategy that includes early detection and reporting protocols, and a strong incident response plan. A recent survey by the Association […]
Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”. However, despite all the above-mentioned issues, investors remain positive […]
Romanians expect to live longer and believe that health, well-being, adaptability, and financial security have the biggest role in preparing for longevity. 52% of respondents to NN’s longevity study conducted in Romania, as well as in other countries where the group operates, believe it is likely they will live until the age of 90 and 73% […]
Softeh Plus, a Romanian company with over 30 years of experience in the software ERP industry, announces the full acquisition by Symfonia. Symfonia is a market leader in ERP and HCM software solutions for small and medium-sized companies in Poland and is backed by the two leading technology investors: Accel-KKR from Sillicon Valley, as well as MidEuropa from […]
CITR, as the judicial liquidator of Hotel Coroana de Aur SRL, sold the hotel for 3.48 million euros + VAT, a representative building for Bistrița, with a history of almost 50 years. "Although we are still operating in a context full of uncertainty, tourism plays an important role in the Romanian economy and attracts investors. In this case, a Romanian-owned company, Drosera Building […]
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered the first foreign distribution center of LPP Logistics in Romania, less than one year after the start of construction. Located in CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE), the […]
On 5 January 2024, the legislation on the global minimum tax was transposed in the Romanian domestic tax legislation through Law no. 431/2023. Although the first filing deadline for multinational and domestic groups in scope is estimated for June 2026, entities should start gathering the significant amount of information necessary to determine the impact and […]
The Bozankaya company continues collaborating with the municipality of Timișoara by signing a contract to purchase 17 trams. The 17 trams will have a length of approximately 30 meters, a total transport capacity of 251 seats, and a 100% lowered floor and air conditioning. The total purchase value is approximately 33 million Euros, especially 1,9 […]
NN Asigurari de Viata announces the appointment of Ramona Livinti as CFO. Ramona succeeds Gerke Witteveen who became CEO of NN Pensii SAFPAP S.A. Ramona Livinti has extensive experience of over 16 years in the financial industry, both in core business as well as in audit and consulting. Throughout her career, she evolved in […]
SeedBlink, the investment & equity management platform dedicated to European tech startups, announces a strategic partnership with Capital Cell, Spain's leading investment platform specializing in Biotech and Healthtech. The partnership is to launch joint investment opportunities to streamline the financing of these verticals, aiming to bridge the gap between innovative technology start-ups and investors across […]
Schoenherr advised Kommunalkredit Austria AG ("Kommunalkredit") on granting a EUR 25m loan to INVL Renewable Energy Fund I ("INVL") to finance the construction of solar power plants with a total capacity of 51 MW in Romania. This is the first Romanian project in INVL's pipeline to reach the ready-to-build phase. Schoenherr acted as lead counsel to the […]
Black Sea Fund, an investment fund focused on mid-sized companies and targeting transactions between four to eight million euros, has acquired a majority stake in Kids Element SA (Gymboland Group), the company that owns and operates indoor playgrounds and gaming arcades under the Gymboland and Rematch brands. The group currently has a network of 13 locations in Bucharest, […]
Social Media remained the main driver of traffic for 89% of the online stores in CEE in 2023, relatively stable on the year, while PPC declines from 43% to 37%, according to a study co-developed by Mediapost Hit Mail Bulgaria and partners, including eCommerce Academy. Meanwhile the contribution to the overall traffic of the eCommerce […]
Restart Energy, a leading energy transition services company, has completed the installation of a photovoltaic power generation system for KRAFTALT, worth approximately 450,000 euros. The project has an output of 626.4 kWp and was installed on the beneficiary's building in Dej, Cluj county. The system consists of 1392 panels, which provide about 90% […]
Blu Capital Partners (BCP) announces its affiliation as an exclusive member for Romania to M&A Worldwide (MAWW), one of the most important global groups of experts in Investment Banking, with more than 45 offices in 35 countries, on all continents. This strategic partnership strengthens Romania's potential in the area of mergers and acquisitions (M&A) and […]
Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Crețu, a specialist with 18 years of multinational corporate experience. With a vast background in the real estate market, Anamaria had been part of Skanska’s team during the past 8 years, one of the world's leading project development and construction groups, where she initially […]
Sessions Technologies, a company that has developed a smart communication platform that brings together all collaboration tools in one place, is targeting €500,000 in funding on SeedBlink, the European funding and equity management platform for technology start-ups. The funding campaign launched on Friday 15 December and is part of a €3 million expansion round. Sessions […]
This year, holiday spending will exceed pre-pandemic levels for the first time, increasing by 10% compared to 2019 and by 14% compared to 2022, as 72% of consumers expect higher prices for products in the food and beverage (86%), clothing and accessories (82%), electronics (80%), home goods (72%), toys (71%) and personal care (70%) categories, […]
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased 13,000 sqm of production space at CTPark Deva II in western Romania to leading Chinese automotive component company KSHG Auto Harness. The company is significantly expanding its presence at the park, having already taken 8,000 sqm of production […]
Schoenherr Romania advised Nofar Energy on the acquisition of a 255 MW solar photovoltaic (PV) project under development from Portland Trust. Expected to become operational in 2024, this is Romania's largest solar PV park. It spans 290 hectares in Corbii Mari, Dambovita county and is expected to generate 362 GWh of renewable energy a year, enough to […]
Deloitte Romania assisted the Romanian Olympic and Sports Committee (COSR) in the effort of adopting sustainability practices in sports, by creating training modules (e-learning) that will guide dozens of federations, clubs, sponsors and other stakeholders in the field of Olympic sports in Europe in the implementation of strategies to reduce the environmental footprint of sports […]
REHAU Romania has received the international "Great Place to Work" certification, which certifies the company's efforts to offer its employees the best conditions at work. REHAU Slovakia, REHAU Italy and REHAU Austria also join the list, underlining once again that regardless of the market REHAU prioritises its employees. The most important aspect that contributed to […]
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased over 1,800 sqm of warehouse and offices in CTPark Bucharest North for HELL ENERGY Romania, a fast-developing FMCG brand’s Romanian company, which quickly became a prominent player on the international energy drink market, being the […]
Despite the fact that artificial intelligence (AI) has only recently gained momentum, marketing leaders have already used this technology in their activities over the last year, according to six out of ten respondents (60%) at the latest edition of Chief Marketing Officer (CMO) Survey, conducted by Duke University with the support of Deloitte. The report […]
Cushman & Wakefield Echinox consolidates its team by recruiting Raluca Stanislav as Head of Business Development. Raluca has over 20 years of experience in the real estate and construction industry in Romania and in the entire CEE region. Over the past 10 years, she has led various divisions within Skanska, one of the world's leading […]
More than 100 start-ups and innovation organizations from South South Eastern Europe will be part of a task force that aims to increase the adoption of technology and support the internationalization of start-ups in the region. The initiative was announced Friday, on December 8th, at the UiPath Romania headquarters and was attended by Adina Vălean, […]
SIGNAL IDUNA ASIGURĂRI is the official insurer of the "Neverending Timișoara 2023" event, held between December 7 - 10, 2023, which marks the end of the "Timisoara, European Capital of Culture for the year 2023" project. The insurance company offers comprehensive protection through a liability policy, which safeguards against potential risks linked to the conclusion of the […]
Telekom Romania Mobile continues to expand its 5G network nationwide and, starting today, offers its users in Arad and neighbouring areas access to the benefits of this technology: higher download speed, stable connections, even in crowded places, low latency and low battery consumption. Arad thus enters the list of cities where Telekom Mobile offers access to […]
Over 100 students from ten high schools in Bucharest, Ilfov and Dambovita participated in the local edition of Girls' ESTEAM Fest, an event organized by Deloitte Romania with the support of Narada and EIT Raw Materials, where they were challenged to discover and develop their digital and entrepreneurial skills. Over the course of one day, the students […]
MetaWealth, the most important fractional real estate investment platform, expands in Spain and launches the fourth asset in the portfolio. In less than a year after the release, the company successfully completed the sale of the first three assets in Bucharest. The new real estate asset made available to clients through the app consists of […]
Every year, brands from all over the world compete in Christmas campaigns to get their messages heard and seen in the most effective ways possible. After several challenging years, the 2023 winter holiday season looks to be by far one of the best, as the number of Romanians going to the mall for Christmas and […]
In just three months since obtaining the construction permit, the real estate developer Nusco Imobiliara has traded 285 units from the second phase of the largest urban regeneration project in the northern part of the capital city – Nusco City. The second phase of the ensemble will include 840 units, featuring double studio apartments, two, […]
CloudCart, a professional platform for creating online stores, is launching a campaign to raise 10 million euros in Series A funding by the fourth quarter of 2024. With stable financial forecasts, the company expects to exceed a turnover of 25 million euros over the next four years, utilizing its scalable business model and innovative AI […]
XTB, the global fintech that offers an online investment platform also available as a mobile app, announces the expansion of its interest rate offer by adding RON on top of already available EUR and USD funds. With this decision, XTB becomes the first publicly listed investment company in Romania to offer interest on funds not […]
A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey. Perception improvement occurred […]
Omnicredit, the first microfinancing, scoring, and factoring fintech platform in Romania, wins the “Best Digital Lending in CEE among FinTechs” award in “The Best Lending Digital Solution in the CEE region” category, awarded by the SME Banking Club association. The awards ceremony took place on the 29th of November in Krakow, Poland. In this category, […]
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), leased an 11,000 sqm production space for Topband Smart Europe in CTPark Timisoara. The Topband Smart Europe facility has entered mass production phase in the first half of 2023, and it was officially launched in early November. […]
CloudCart, the professional eCommerce-as-a-service platform, has launched an innovative AI solution, available to all 1600 customers - online merchants in the 7 countries, including Romania, where the company operates. CloudIO delivers significant advances in online store management, offering revolutionary features for creating engaging descriptions, improving SEO optimization and increasing overall efficiency. "CloudIO is like ChatGPT, […]
Be it the Ariane rocket for space research, the turf heating in Berlin's Olympic Stadium or the subway in Cairo: REHAU know-how and technical expertise can be found in all of them. Adaptability and a strong value-based foundation have made the family-owned company into today's family of companies that will continue to invest in sustainable […]
