Apa Nova București Invests €975,000 in Floreasca Emergency Hospital
Apa Nova București (ANB), the water supply and sewage service provider for the Municipality of Bucharest, has announced a significant investment of €975,000 in the rehabilitation of the Surgery II Wing of the Floreasca Emergency Hospital. This initiative follows the company’s previous efforts, including a €500,000 project in 2022 to modernize a post-operative room. The […]
Gebrüder Weiss Celebrates 30 Years in Romania with €94 Million Revenue in 2023
International logistics and transport company Gebrüder Weiss is celebrating 30 years of operations in Romania, marking a significant milestone since its establishment as a small freight forwarding agency in 1994. Over three decades, the company has grown to become a leading provider of comprehensive logistics services in the country, with investments totaling €90 million in […]
Romanian Trading Companies Complete Over 660 Million Euros in International Transfers in H1 2024
In the first half of 2024, Romanian trading companies have successfully completed international transfers totaling over 660 million euros, as reported by iBanFirst, a global provider of foreign exchange and international payments for businesses. This milestone represents a remarkable 203% increase in international payment volumes compared to the same period last year. This significant growth […]
PepsiCo Opens $33.5 Million Energy Autonomous Automated Warehouse in Popești-Leordeni
PepsiCo, one of the leading food and beverage companies, has inaugurated a state-of-the-art automated warehouse at its snacks factory in Popești-Leordeni. This development is part of a larger strategic investment project totaling over $100 million. Initially announced in 2022, the comprehensive investment plan includes the addition of three operational production lines at the snacks factory […]
Schneider Electric Helps Reduce CO2 Emissions by 553 Million Tons Since 2018, Named World’s Most Sustainable Company
Schneider Electric has been recognized as the world’s most sustainable company for 2024 by Time magazine and Statista. This accolade highlights Schneider Electric’s significant achievements, including helping to reduce 553 million tons of CO2 emissions since 2018, and its commitment to energy efficiency and sustainability. Time and Statista employed a transparent, multi-stage methodology to identify […]
TBI Bank Reinvests Entire €42.5 Million Profit from 2023
TBI Bank, a leading challenger bank in Southeastern Europe, has announced the reinvestment of its entire consolidated net profit of €42.5 million for 2023. This decision follows the approval from the Bulgarian National Bank at the end of 2023 to capitalize the first half of the year’s profit, with shareholders now opting to reinvest the […]
Partners Financial Services Becomes Largest Shareholder of Transilvania Broker de Asigurări
Partners Financial Services (PFS), a Czech company, has acquired a 32.89% stake in Transilvania Broker de Asigurări, one of Romania’s largest insurance brokerage companies. This acquisition, valued at over 6 million euros, positions PFS as the largest shareholder of Transilvania Broker de Asigurări. The move is part of PFS’s expansion strategy, following its entries into […]
Global Gold Demand Reaches 1,238 Tons in Q1 2024
In the first quarter of 2024, global gold demand surged to 1,238 tons, marking a 3% year-on-year increase and recording the strongest first-quarter demand for the precious metal since 2016. According to the latest data from the World Gold Council, this growth was driven primarily by a 3% rise in investment gold purchases, including bars […]
Catinvest Invests €36 Million in Expanding Craiova’s ElectroPutere Parc
The French real estate group Catinvest has announced a significant investment of €36 million (178 million lei) to expand the ElectroPutere Parc in Craiova. This development will strengthen the center’s position as the premier shopping destination in Oltenia, with over 100,000 square meters of retail space. Catinvest’s expansion includes the opening of a new Leroy […]
National Day of the Romanian Accountant Celebrates 20th Edition with a Focus on Smart Accounting
The Body of Expert and Licensed Accountants of Romania (CECCAR) will celebrate the 20th edition of the National Day of the Romanian Accountant on July 13, 2024. This important event highlights the crucial role of accounting in driving business success and national economic growth, building on centuries of accounting tradition in Romania. This year’s celebrations, […]