RYANAIR LAUNCHES NEW ROMANIA-ALBANIA SCHEDULE FOR WINTER 23
Ryanair, Europe’s No.1 airline, announced 200 weekly flights and 17 new routes to/from Albania as part of its Winter ‘23 schedule, including Bucharest for Romanian holidaymakers.
Albania will...
Gartner Identifies Four Myths Obscuring Cybersecurity’s Full Value
Analysts Discuss How CISOs Can Maximize Security Effectiveness at the Gartner Security & Risk Management Summit, June 5-7 in National Harbor, Maryland
Four common myths are obscuring the...
Schwarz Global Services refurbishes and provides high-performance equipment for one of the laboratories of the POLITEHNICA University in Bucharest, Faculty of Automation and Computers
Schwarz Global Services, the IT excellence center that provides digital solutions...
Eurowind Energy invests 50 million euros in the construction of a new solar PV park in Teiuș, Alba County
The PV Park will generate approximately 102.05 GWh annually after becoming operational in 2024, with the...
S.P.E.E.H. Hidroelectrica S.A. Announces Intention to List on Bucharest Stock Exchange
S.P.E.E.H. Hidroelectrica S.A. (“Hidroelectrica” or the “Company”), Romania’s leading electricity producer with a 100% renewable portfolio and one of the largest hydropower companies in...
Colliers: ”Cold shell” office rentals can reduce companies’ fit-out costs by at least 5-10% compared to ”warm shell” spaces, which require a complex reconfiguration process to suit specific needs
“In our experience, office fit-out costs...
Anchor Grup signs the „Diversity Carta”
Anchor Grup, one of the strongest real estate players on the local market and the developer of the first modern shopping center in Romania – București Mall – promotes...
EnergMin Popescu: The national hydrogen strategy, action plan are important ministerial documents
The National Hydrogen Strategy and the action plan for the implementation of the strategy in 2023-2030 are two important documents that were developed...
Nestlé Romania, the largest food and beverage company in the world, managed in record time to integrate the SOLGAR® brand, global leader on the food supplements market, in less than two months after taking...
PwC survey: Nearly three quarters of Romanian companies have started implementing cloud technology and expect results in the next year
Around three-quarters of Romanian companies (71,4%) surveyed have begun implementing the cloud either for several...
Adrem offers a scholarship for the Program “Corporate Governance that creates value”, launched by Envisia-Boards of Elite and the Bucharest Stock Exchange
Envisia – Boards of Elite and the Adrem group of companies invite professionals...
NETOPIA Group sells majority stake to Innova Capital
NETOPIA Group, the best known player in the Romanian online payments market, announces the sale of its majority stake to Innova Capital, one of the leading private...
Genesis Property: Siemens S.R.L. will reach 20 years of occupancy in West Gate Business District with a new 5-year lease extension
Siemens S.R.L., the local subsidiary of the world-renowned German technology group, has agreed to...
Direct flights from Western Romania to Israel
HiSky introduces Timisoara – Tel Aviv route
At the end of August, the list of regular direct routes available from Traian Vuia airport in Timișoara will be extended with...
Who are the nine winning start-ups of Advancing AI #3. The founders will present their pitches at the bi-annual Investors Day#4 event
Seven start-ups are from Romania and the rest from Poland and Serbia
Techcelerator, the...
Mobile Industrial Robots: Autonomous Mobile Robots can be the alternative to the staff shortage in the Romanian industry. One robot can compensate for the lack of four people that have to handle products and...
Cegeka continues European growth with expansion to Greece
Cegeka, a European ICT service provider with headquarters in Belgium, has announced its expansion to Greece with the opening of a new office in Athens. This new...
Amdaris, a UK-based software development company, is announcing the opening of a new centre in Romania and is planning to hire 50 more software engineers by the end of the year
Amdaris, the British company...
Digitization gains ground at the Bucharest Stock Exchange
Purcari Wineries introduces the eVOTE online voting system for General .holders’ Meetings
More and more companies listed on the Bucharest Stock Exchange (BVB) choose to move the voting...
RebelDot future-proofs services line by acquiring the market leader in AI capabilities, steepsoft
RebelDot, the leading European software development company featured by Financial Times’s 1000 fastest-growing companies, announces the acquisition of steepsoft, the leading AI...
Cushman & Wakefield Echinox: Strong recovery of the Bucharest hotel market; The occupancy rate, one of the highest in the CEE region, increased by 33% in Q1
The occupancy of Bucharest hotels increased by 33%...
FlowX.AI raises the largest enterprise software Series A in the last two years to transform application modernization at large banks
Ioan Iacob, FlowX.AI Founder and Chief Executive Officer, said: “For a long time enterprises have...
Julien Ducarroz will be Orange Romania’s new CEO from 1 September 2023. Liudmila Climoc will concurrently take over as CEO of Orange Poland
Orange Romania announces the appointment of Julien Ducarroz as CEO, starting on...
SPEEDWELL received the construction permit and started construction works for the third building of its premium residential development, THE IVY
The new building sums up an investment of 22 million euro out of 160 million...
Reff & Associates | Deloitte Legal obtained in court, as a result of pro bono legal services, a final decision which protects the land ownership and the investment made by the Daruieste Viata Association...
U.S. and multinational public-private partners look to finance up to $275 million for the Small Modular Reactor (SMR) project in Romania
US EXIM and FDC issue Letters of Interest for $4 billion financing
SN Nuclearelectrica SA...
Tradesilvania: We reached one billion euro traded volume in our first five years of activity, becoming the first crypto unicorn in Romania
In April, the crypto platform Tradesilvania reached a traded volume of one billion...
The Romanian Association for Lighting launches the first edition in Romanian of The Street Lighting Control Specifications Model
On the International Day of Light, the Romanian Association for Lighting, a nationally representative organisation in the...
Redport Capital and Mobexpert announce 150 million EUR investment in large-scale residential project – Infinity Nord
Redport Capital and Mobexpert Group announce the completion of the concept design for the Infinity Nord project, a residential...
Bento doubles the revenues in the first quarter of 2023
2B Intelligent Soft (Bento, Intellectually Curious, BVB: BENTO), a Romanian entrepreneurial company specialized in software solution development and IT and Cloud infrastructure services, posts operating...
To reach new levels of success, businesses should rediscover the power of field marketing
74% globally wanting more human interaction
75% saying they’ll actively seek interactions with real people as tech improves
5 million users activating ad...
Romanian Technology Startup, Telerenta, Launches the Only Automated Platform in Southeast Europe for Renting and Delivering Electronic Equipment to Home Users
Telerenta is the only automated platform that offers electronic equipment rental services online, all...
EY Future Consumer Index: Consumers losing trust and turning away from brands amid cost-of-living crisis
Majority of consumer respondents (94%) concerned about rising living costs
Concerns for health rise seven percentage points
Data reveals eroding...
E-DISTRIBUȚIE MUNTENIA INVESTS 7 MILLION LEI IN INCREASING THE INSTALLED CAPACITY OF THE DUDEȘTI PRIMARY SUBSTATION IN BUCHAREST, FOR THE BENEFIT OF 7,700 CUSTOMERS
E-Distribuţie Muntenia, the electricity distribution operator in Bucharest, Ilfov, and Giurgiu...
Romania’s record high participation at Munichtransport logistic fair
32 companies from Romania went to Munich during the 9th – 12th May 2023 to take part to transport logistic, the world’s leading profile event, which...
Cegeka Romania continues to grow with a turnover of 47 million euros in 2022, 30% higher than in 2021
The European IT group Cegeka continues its growth in Europe. The technology specialist, active as an...
Decisions of Bucharest Stock Exchange Index Committee
regarding the inclusion of Hidroelectrica’s shares in the stock
market indices
• During the extraordinary Index Committee meeting within the Bucharest Stock
Exchange, which took place on May 12th, 2023,...
Cushman & Wakefield Echinox: With almost 300,000 sq. m of office projects delivered in the past 3 years, the Center – West submarket has become the main office hub in Bucharest, overtaking Floreasca –...
Electrica S.A.: Financial results – Q1 2023
At consolidated level, EBITDA is positive in the first quarter of 2023 in amount of RON 170 million as compared to the negative EBITDA in amount of RON...
Omnicredit simplifies the financing process and integrates the automated transmission of account statements with Smart Accounts – the first local Open Banking service authorized by the BNR
Omnicredit, the first microfinancing, scoring, and factoring fintech...
Sphera Franchise Group, double-digit sales growth across brands and markets in Q1 2023
Q1 highlights:
Consolidated sales of RON 335.1 million, +20.3% vs. Q1 2022, due to double-digit growth across brands and markets
Net profit of RON 7.3...
One United Properties posts a consolidated turnover of 89.3 million euro and a gross profit of 36.2 million euro in Q1 2023
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use...
Romania Sotheby’s International Realty Strengthens its Position on the Historical, Artistic and Luxury Real Estate Market
On a national level, Romania Sotheby’s International Realty has consolidated its position on the market of historical, artistic and...
Serban & Musneci Associates launches SMA Real Estate Kluster
With over 20 years of experience in strategic communication, Șerban & Musneci Associates brings for the first time an integrated strategic and crisis communication, public affairs...
InvestEU: EIF and UniCredit sign agreements to channel €1 billion to small businesses across seven countries in Central and Eastern Europe
The EIF will provide two guarantees worth around €370 million to UniCredit Group to finance approximately...
Luxury watch retailer EraVault announces official market launch, following an investment of over €250,000
The company offers sale, purchase, and consignment services for luxury watches.
The brand’s first store, an investment of over 250,000 euros.
More than...
Cushman & Wakefield Echinox: The Romanian investors have been the most active on the real estate transaction market during the past 5 years, with acquisitions exceeding €1.1 billion
The Romanian investors have made real estate...
Ascott Hotel Chain Has Signed an Agreement with Forty Management to Open The Crest Collection Brand in Bucharest
Central District Bucharest Hotel – The Crest Collection will be located in the Palace of Parliament area
Forty...
MEDCITY acquired a prime building of over 1,000 square meters in the center of Timisoara from Folli Follie Group, in a transaction brokered by Colliers
MEDCITY, the only developer of healthcare buildings in South-East Europe,...
Entrepreneur profile. Turnover of €5 million for DELEX, one of the largest suppliers of electric heating in Romania, after expanding into the field of renewable energies
Delphi Electric, now known as DELEX, is a company...
Telekom Romania Mobile announces the appointment of Mr. Florin Petolea as Chief Technology & Information Officer
Telekom Romania Mobile Communications S.A. announces the appointment of Mr. Florin Petolea as Chief Technology & Information Officer, starting...
Kubeark unveils new platform release to accelerate innovation at scale through sky computing
Trailblazing software operations platform set to transform enterprise multi-cloud management, maximize technology ROI across the cloud landscape
Kubeark, a next-generation platform specialized in...
Agricover Holding SA announces the approval of the offer prospectus by the Romanian Financial Supervisory Authority
Agricover Holding SA (“Agricover” or the “Company”, and together with its subsidiaries, Agricover Distribution S.A., Agricover Credit IFN S.A....
Connections Consult estimates revenues of over 15 million euros in 2023
Projects with a major impact on citizens, technological innovations, and attracting highly skilled employees are at the center of Connections’ strategy.
Connections Consult (CC),...
Kiwi.com: Romanians are booking more long-haul tickets
The number of bookings made on Kiwi.com for long-haul trips increased by 49% compared to 2022;
Most popular countries include the United States of America, Canada, India, Thailand and...
Caroline Viarouge takes over as EIT Manufacturing CEO and sets the organisation in fast-forward mode
Outgoing EIT Manufacturing CEO Klaus Beetz hands over his duties to incoming CEO Caroline Viarouge,
a well-regarded international leader who has...
Simon Peters, cryptoasset analyst at multi-asset investment platform eToro: Bitcoin is on a four-month winning streak
Despite being down from its recent $30,000+ high, bitcoin is on something of a winning streak when looking over...
Macro commentary by eToro analyst for Romania, Bogdan Maioreanu: Summer vacation of 2023 will be more expensive
With Easter and 1st of May small vacations behind us, Europeans are looking forward to the summer...
VGP shows steady progress on its Environmental, Social and Governance (ESG) objectives
VGP published its annual report including its integrated Corporate Responsibility Report, focusing on sustainable development and renewable energy.
The Group’s ESG performance has been...
Teilor Holding posts a consolidated turnover of 371.2 million lei in 2022
Teilor Holding SA, a group of companies that includes the chain of luxury jewelry stores, TEILOR, the financial lending company Invest Intermed GF...
EY Energy Consumer Confidence Index: Wavering consumer confidence could stall the energy transition, new index finds
As the impact of the energy transition hits home, consumer confidence drops, and lower-income demographics feel left behind
Energy transition...
AROBS acquires Future WorkForce and consolidates its expertise in intelligent automation
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces the complete takeover of the Future WorkForce Global...
EY Global Wealth Research Report: European millennials’ appetite for riskier investments in the current volatile market ranks higher than older age groups
European millennial investors’ appetite for risk amid market volatility 1.5x higher than baby...
WEBCON study: Business process automation solutions generate up to 87% productivity increase for companies, with full investment return in less than 3 years
Amid economic instability, unforeseen social and geopolitical events, and a global shortage...
Crosspoint Analysis Report – 2022, record year for real estate investments: Investments on the real estate market in Romania exceeded 1.26 billion euros in 2022, with Bucharest registering approximately 888 mil. euros, more than...
Fondul Proprietatea sells minority stakes in companies owned by Enel in Romania to Greek PPC
Fondul Proprietatea has sold the minority stakes in Enel-owned companies in Romania to the Public Power Corporation S.A., the largest...
AQUILA will provide a complex logistics solution for Hama Romania, European leader in IT and Communications accessories
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods, in Romania...
The Ministry of Transport and Infrastructure – the first anchor tenant in the London office building in Sema Parc
The developer River Development announces the lease of a 3,780 sqm space to the Ministry of...
htss appoints Simona Pavelescu as new CEO. Digitalization and human interaction among the objectives.
Simona Pavelescu: Our goal is to become the main partner for digitalization in the Healthcare industry at the European level
htss, an...
Cushman & Wakefield Echinox: Limited adjustments of the capitalization rates of Romanian commercial properties, in the context of rising interest rates and inflation
High inflation and rising interest rates have increased the banks’ caution in...
