E.ON Invests €18 Million in Community Projects, Reaching 5 Million Romanians Annually
E.ON Romania has significantly expanded its community support efforts, investing €18 million in 2023 in key projects focused on safety, education, and environmental protection, according to its latest sustainability report. This brings the total investment in community initiatives to almost €20 million over the past years. These projects have had a direct impact on over […]
CBRE Romania Strengthens ESG Services with New Accessibility Certification Program
CBRE Romania is expanding its influence in the commercial real estate sector by intensifying its commitment to ESG and sustainability. Through a new strategic partnership with Access4you, CBRE Romania will enhance its efforts to create more inclusive and accessible spaces for people with disabilities. Access4you is a Hungarian company known for its expertise in building […]
SARMIS Capital Secures Leadership in Romanian Facility Management with €80 Million Acquisition
SARMIS Capital has announced a major acquisition in Romania’s facility management sector, acquiring AEK Security, AEK Firefighters, and Deziclean. This strategic move solidifies its position as the largest player in the country’s integrated facility management market. The newly expanded entity now manages services across more than 15 million square meters of building space, generating an […]
Cities of Tomorrow goes to Oradea
The Romanian-German Chamber of Commerce and Industry (AHK Romania) organizes during 24-25 October 2024 the conference Cities of Tomorrow. The event, now in its 12th edition, will take place this year in Oradea, having Oradea City Hall as partner, with the support of Bihor County Council and Visit Oradea. For the first time Cities of […]
Ministry of Finance Secures Record RON 3.2 Billion Through Fidelis Government Bonds
The Ministry of Finance has achieved a significant milestone by securing over RON 3.2 billion (EUR 650 million) through the latest issuance of Fidelis government bonds, marking the largest public offering in the program’s history. The offering, held in August 2024, attracted RON 1.7 billion and EUR 311 million from retail investors, setting a new […]
Nala Renewables Secures €214 Million Financing for Wind Power Project
Nala Renewables has secured a €214 million financing package from Banca Comercială Română (BCR) and Erste Group for the acquisition and development of a 99.2 MW onshore wind project. This financing underscores the growing focus on renewable energy investments and the strategic role these projects play in the region’s energy landscape. The wind farm, set […]
AFI Europe Acquires myhive Victoriei Office Building for €27 Million
AFI Europe, a prominent real estate developer in Central and Eastern Europe, has purchased the myhive Victoriei office building from the Austrian group IMMOFINANZ. The transaction, valued at approximately €27 million, was facilitated by Colliers and Cushman & Wakefield Echinox. This acquisition aligns with AFI Europe’s strategic expansion in Romania, where it plans to transform […]
NN Reports 61 Million Lei Profit and 575 Million Lei Payout in H1 2024
NN has announced strong financial results for the first half of 2024, achieving a gross profit of nearly 61 million lei and making substantial payouts exceeding 575 million lei to its clients. This represents a significant increase of almost 30% compared to the same period last year, underscoring the company’s robust financial performance and its […]
Flanco Reports 650 Million Lei in Sales in First Seven Months of 2024
Flanco, one of Romania’s leading electronics and home appliances retailers, achieved sales of 650 million lei in the first seven months of 2024, marking a 14% increase compared to the same period last year. This growth significantly outpaces the overall market for electro-IT products in Romania, which grew by approximately 9% during the same period. […]
PPC Group Signs Agreement to Acquire €700 Million Renewable Energy Portfolio in Romania
PPC Group has finalized an agreement with Macquarie Asset Management’s Evryo Group to acquire a substantial renewable energy portfolio in Romania. The portfolio includes 629 MW of operational renewable energy assets and an additional 145 MW in pipeline projects, marking one of the largest transactions in Romania’s green energy sector. The total enterprise value of […]