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 […]
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 […]
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 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 […]
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 […]
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 […]
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. […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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, […]
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 […]
