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 […]
The "Minutes Bank" is based on the idea that "time" - unlike currency, cannot be manipulated. It is a finite and non-renewable resource. The only inflation can be time inflation, which, however, has coverage in production. Time is our property, we dispose of it as we want and determine its value ourselves. The digital social […]
Internetics announced its winners at the Internetics 2023 Awards Gala on November 28th at NORD Events Center by Globalworth. The event delivered 36 trophies, including 15 Gold and 21 Silver awards. Publicis Romania was crowned Agency of the Year, securing 6 trophies and one nomination, while OLX ONLINE SERVICES was named Digital Client of the […]
Investing in community building and attention to user experience are among the most important aspects that Kinderpedia's founders are focusing on, even despite rapid international growth, said Evelina Necula, Co-Founder and Chief Marketing Officer of the school management and communication digital solution Kinderpedia at Investors' Day, an event organised by Techcelerator. In addition, Andreea Pleșea […]
Tech Cuisine Smart Home, one of the key players in the Romanian smart home market, announces the expansion of its operations into Hungary, the Czech Republic, and Slovakia. This strategic move is part of the ambitious plan for expansion in Central and Southeastern Europe, marking a significant step in the company's growth on the international […]
Maxi Pet, the national leader in the trade of pet food and accessories, is expanding its network with a new hypermarket in Râmnicu Vâlcea, after a total investment of 250,000 euros. The retailer thus reaches a total of 15 stores nationwide. The new unit is in Retail Park Râmnicu Vâlcea (Strada Posada, no. 51), being the […]
Romania can achieve a recycling advance of up to 80% in the coming years, through the implementation and operation of the Guarantee-Return System (SGR) function, thus reaching the targets set by the European Union and becoming a leader in the circular economy in Central and Eastern Europe, according to an analysis by Green Environment Support, […]
Bozankaya, a rolling stock manufacturer already present in the Romanian market, has delivered Turkey’s first driverless metro in Kocaeli. The project represents a revolutionary step in the evolution and modernization of railway infrastructure, opening new horizons in European mobility. The inauguration ceremony took place at the Bozankaya factory in Ankara, attended by the Minister […]
Redbee Software, DRUID and Questo are the Romanian technology companies included in the main category of the Deloitte 2023 Central Europe Technology Fast 50 ranking of the fastest growing start-ups in the region. Redbee Software, specialized in web and mobile software solutions leveraging cutting-edge technologies, developed an intuitive stock market prediction app aiming to sharpen investment strategies […]
New York’s Fifth Avenue has maintained its position as the world’s most expensive retail street, with Milan’s Via Montenapoleone climbing to second in the global rankings, according to Cushman & Wakefield’s latest ‘Main Streets Across the World’ report. The 33rd edition of the report reveals retail rents on Via Montenapoleone grew 20% over the […]
Romania had for the first time a national pavilion at Web Summit, with 28 companies exhibiting their products and services at the most important tech event in Europe, with over 70,000 attendees from 153 countries. The event brought together 806 speakers, 2,608 startups, 906 investors, and 2,120 members of the media. This year Romania […]
Loredana and Simion Apreutese, shareholders of the group of companies within the International Alexander Holding, join the Romanian mobility platform Moov Leasing, acquiring 25% of the company's shares. As a result, Moov Leasing has reached now a valuation of €10 million and has ambitious development plans. Moov Leasing is a 100% digital, all-in-one mobility platform founded […]
Deloitte Romania assisted the National Agency for Fiscal Administration (ANAF) in implementing the project "Increasing the efficiency of the fiscal control activity in Romania", carried out with the support of the European Commission – Directorate-General for Structural Reform Support (DG REFORM), during June 2022 and November 2023. The project, which is part of the digitalization process of the […]
The INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed an agreement with Kommunalkredit Austria AG (Kommunalkredit) on a loan of EUR 25 million. The proceeds of the loan will be used to finance the construction of solar power plants with 51 megawatts (MW) capacity in […]
Jimmy Key company from Turkey, with over 30 years of experience in womenswear, will open in 8th of December the second store in Romania within the AFI Cotroceni in Bucharest, developed by AFI Europe. Jimmy Key has leased a space in the project through a transaction brokered by the real estate consultancy company Cushman & Wakefield […]
Globalworth, the leading office investor in Central and Eastern Europe (CEE), signed a lease agreement for Globalworth Plaza with LSD Group, a multinational general contracting and fit-out company based in Bucharest that is emerging as a preferred business partner across 9 countries in the region. In line with their development strategy, a long-term leasing transaction […]
Restart Energy, a leading company in energy transition services, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming SRL, with a total investment of approximately 300.000 euros. The projects have a combined capacity of 403.2 kWp and were installed on two buildings belonging to the beneficiary, located in […]
During the 3 days of discounts, the 4Apply app saw record flows of over 500 customers per hour, with peaks of around 30 customers per minute. Based on the data recorded by the app, requests to buy products in installments increased by 500% compared to the previous Black Friday, with the maximum peak recorded on […]
San Francisco (California), Bucharest (Romania), November 16th: Siena, a US-based start-up launched by Romanian founders that developed an autonomous AI customer service platform designed for e-commerce, raised $4.7M from a group of investors, including Sierra Ventures, Parri Passu Ventures, SpaceStation Investments, Village Global, The Council, and OpenSky Ventures. This investment will support Siena's vision to […]
For the holidays, Telekom Romania Mobile has prepared for all customers super offers and gifts for the whole family, in a promotional campaign specially created for this period, when all that matters is being together for real. Thus, the company makes it known to all Romanians that they can benefit of "MOBILE PURE AND SIMPLE", […]
Mazars, the leading international audit, tax, and advisory firm and FORVIS, the eighth largest public accounting firm in the United States, today jointly announce they will create a new, top-10 global network[1], effective 1 June 2024. The new network will position both firms for continued global growth by expanding their capabilities to serve clients, especially […]
Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased. The limited pipeline of speculative projects could put pressure on rental levels in the coming period due to the fact that, even […]
Biofarm (stock symbol BIO), one of Romania's leading drug manufacturers, recorded a net profit of 69.9 million lei in the first nine months of the year, up 6% compared to the same period last year. Turnover increased by 10% to 229 million lei, compared to 209 million lei in 2022. EBITDA reached 81.6 million lei. […]
