Metropolitan Life Reports 24% Increase in Gross Written Premiums in Q1 2024
Metropolitan Life, a key player in Romania’s life insurance market, announced a significant 24% increase in gross written premiums for the first quarter of 2024. The company reported gross premiums totaling 193.8 million lei, up from 155.9 million lei during the same period in 2023. The remarkable growth underscores Metropolitan Life’s commitment to delivering financial […]
SAP Reports 25% Increase in Cloud Revenue to €4,15 Billion, Driven by Business AI
Christian Klein – CEO SAP SAP has announced its financial results for the second quarter of fiscal year 2024, showing notable growth and surpassing analyst expectations. The company’s total revenue reached €8,29 billion, a 10% increase compared to the same quarter last year, exceeding the consensus estimate of €8,25 billion. The accelerated growth in the […]
Red Point Software Solutions Acquires Ness Technologies Ro in Major Expansion Move
Red Point Software Solutions, the only SAP Platinum Partner in Romania, has acquired Ness Technologies Ro, a division of the globally active Ness Digital Engineering. This acquisition is part of Red Point’s strategic plan to implement SAP solutions in the cloud, aiming to strengthen its position in the local market by increasing the number of […]
VEKA Romania Strengthens Management Team to Boost Local Market Presence
Roxana Rîmbu, Gyula Takacs-Veka Romania VEKA Romania, the local subsidiary of global PVC profile leader VEKA Group, has announced significant enhancements in its management team to optimize internal operations and support the company’s growth in the local market. As part of this initiative, VEKA Romania has appointed two new Deputy General Managers to take over […]
Saint-Gobain Inaugurates €50 Million Gypsum Board Production Line in Turda
Saint-Gobain Romania has successfully launched its second gypsum board production line in Turda, marking a significant milestone with an investment exceeding €50 million. The new production line celebrates the 30th anniversary of Saint-Gobain Rigips’ presence and innovation in the Romanian construction materials industry. The state-of-the-art production line spans approximately 14,000 square meters and features advanced […]
Garanti BBVA Leasing Secures €10 Million Loan from EBRD for SME Development
Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, has secured a €10 million loan from the European Bank for Reconstruction and Development (EBRD) to bolster the growth of small and medium-sized enterprises (SMEs) in Romania. This financing will enable Garanti BBVA Leasing to offer SMEs and micro-enterprises access to favorable leasing products for […]
CEC Bank Finances New Oncology Hospital in Mureș with 1.126 Billion Lei
CEC Bank has contributed 1.126 billion lei in credit to support the construction of the recently inaugurated Medex Oncology Hospital in Sângeorgiu de Mureș. This significant investment underscores CEC Bank’s commitment to community development and enhancing the national healthcare system. “The financing of this new investment reaffirms CEC Bank’s mission to support both economic and […]
EIT InnoEnergy Raises €140 Million with New Strategic Investors OMV, OMV Petrom, and ACB Participaties B.V.
EIT InnoEnergy, a leading force in sustainable energy innovation, has successfully completed a €140 million private placement round, welcoming new investors OMV, OMV Petrom, and ACB Participaties B.V. These additions are set to bolster EIT InnoEnergy’s impact across Europe and the U.S. The private placement significantly expands EIT InnoEnergy’s capital base, enhancing its ability to […]
Romanian Tech Startup .lumen Raises €1 Million in One Day
Romanian startup .lumen, which focuses on improving mobility for the visually impaired, has successfully raised €5 million in a funding round, including €1 million secured within a single day from private European investors through the SeedBlink platform. On July 16, over 600 investors gathered to hear Cornel Amariei, CEO and founder of .lumen, present the […]
Danone România Appoints Oana Bejan as Country Topline Unit Leader
Danone România has announced a strategic organizational change with the appointment of Oana Bejan as the new Country Topline Unit Leader, effective from June. Bejan, who brings over 18 years of experience in the FMCG sector, will be responsible for overseeing the company’s commercial operations, leveraging her extensive background in both retail and production to […]