One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the lease of a retail space with a gross leasable area of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The lease agreement is signed with Tomcat […]
Romania’s Ministry of Internal Affairs, Department of Emergency Situations, has awarded PZL Mielec, a Lockheed Martin company, a contract to procure an additional new-generation Black Hawk® utility helicopter for emergency and firefighting services. This additional aircraft will join Romania’s fleet of European manufactured Sikorsky S-70M Black Hawk utility helicopters, currently providing maritime and land search […]
Brothers Mihai and Sorin Doroftei, known for their gambling business under the Las Vegas brand, have decided to radically change their business strategy. In a major strategic move, the two have sold part of these businesses to focus on investments in renewable energy. Furthermore, the Doroftei brothers are considering the complete sale of the Las […]
TOMMY HILFIGER, celebrated together with international and national media, local authorities and influencers from all over the world the opening of its TOMMY HILFIGER store in Mykonos, Greece. Located in the heart of one of the most popular global summer destinations, the new store effortlessly blends TOMMY HILFIGER’s nautical heritage with the magic of the Mediterranean, offering […]
Deloitte Romania assisted Affidea medical group, one of the leaders in the medical services market, in taking over the Medeuropa network, which provides radiotherapy and chemotherapy services, as well as oncology consultations. The transaction was signed in February 2024 and was completed recently, following regulatory and competition approvals. Through this takeover, Affidea enters the niche […]
TeraPlast SA announces the appointment of Mr. Bogdan Lucian Crăciunaș as the company's Chief Financial Officer, effective from July 29, 2024. Bogdan Lucian Crăciunaș began his career in 2007 and has gained extensive professional experience within two Big 4 financial audit firms. Prior to joining the TeraPlast team, Bogdan held the position of Chief Financial […]
Vascar, a producer of meat products and canned food, is celebrating its 40th anniversary and aims to expand its national presence through Key Account partners. The company ended 2023 with a turnover of 140 million lei, up 10% on the previous year. Exports recorded the highest growth in the last year, due to the positive […]
Pluria, a leading B2B SaaS platform connecting distributed teams with nearby workspaces, has announced its acquisition of Bili, an innovative menu ordering and payment solution. This strategic move underscores Pluria's commitment to enhancing the seamless working experience in flexible spaces. Founded in 2022, Bili, a mobile solution for swift meal ordering and payment, will be […]
Bergenbier S.A., part of the Molson Coors Beverage Company group, continues its expansion in the non-alcoholic beer mix segment and launches Fresh 0.0 Pomegranate and Pink Grapefruit. It is already the fifth assortment of the brand that the company produces in its Ploiesti brewery. "The Romanian consumer has started to look for different tastes, which […]
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 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, 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. […]
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 […]
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 […]
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 […]
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 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. […]
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, 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 […]
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 […]
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. […]
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% […]
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 […]
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 […]
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 […]
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, 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, 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 […]
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 […]
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 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 […]
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 […]
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 […]
The La Cocos local retail chain continues its expansion in Romania by opening a new store in Brasov, its fourth hypermarket in the country, through a transaction brokered by the Cushman & Wakefield Echinox real estate consultancy company. The new store will have an area of approximately 10,000 sq. m, being located in the Brintex-Brașov […]
Teiuș.Solar, part of the Eurowind Energy group, a Danish developer and operator of wind, solar and hybrid projects, announces the launch of the Teiuș Photovoltaic Park project – with a maximum installed capacity of 60.2 MW, implemented in the city of Teiuș, Alba County. The total value of the project is 47,155,440 euros (54,987,957 euros including […]
NN paid insurance customers and private pensions participants 983 million lei in 2023, 27% more than the previous year. NN closed 2023 with solid financial results across all business lines, and through insurance benefits and private pensions paid it continued to provide protection and financial support to clients in unforeseen times and contribute to the income […]
Biofarm, (stock symbol BIO), one of the most important drug manufacturers in Romania, ended 2023 with a net profit of about 77 million lei, up 9% from the previous year and a turnover of approx. 280 million lei, according to preliminary results (unaudited). "In 2023, we successfully implemented cost optimization strategies, focusing in particular […]
Romanian brands would have resounding success in other countries, but most entrepreneurs are still reluctant to expand their business internationally. However, the interest of entrepreneurs in expanding through franchising in new markets has started to grow, predominantly for countries in the European Union, where the tax regime is more friendly. Most types of businesses that […]
The optimism regarding the economic evolution in Central Europe is growing, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey, as the share of respondents who expect overall economic climate to improve went up to 42%, from 15%, in the summer of 2023. Equally positive is the halving of those expecting the […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
