EBRD and Eiffel Investment Group Commit €244 Million for Solar Plant in Romania
The European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group have announced a substantial investment of €244 million to fund the construction of a new solar power plant in Romania. The financing will be provided equally by both entities, with each contributing €122 million to INVL Renewable Energy Fund I, a fund managed […]
AVBS Broker de Credite Reports €32 Million in Mortgage Loans for First Half of 2024
AVBS Broker de Credite, one of Romania’s leading credit brokerage firms, has announced a significant growth in its mortgage loan portfolio, with a total of €32 million granted in the first six months of 2024. This marks a 60% increase compared to the same period in 2023, when the company facilitated €20 million in mortgage […]
Automobile Bavaria Becomes Romania’s First Authorized Rolls-Royce Dealer in 120 Years
Automobile Bavaria has achieved a historic milestone by becoming Romania’s first authorized Rolls-Royce dealer, marking the first time in the luxury brand’s 120-year history that an official dealership has been established in the country. This appointment reflects the growing significance of Romania’s luxury market and the increasing demand for premium automotive experiences. Named Rolls-Royce Motor […]
CBRE Brings “Noaptea Companiilor” to Bucharest, Enhancing Employer Branding for Participants
Tudor Ionescu-CBRE Romania CBRE România is introducing the unconventional job fair “Noaptea Companiilor” (NCO) to Bucharest for the first time, offering a significant opportunity for participating companies to strengthen their employer branding. Scheduled for October 16-17, 2024, the event allows businesses to showcase their work environments directly at their offices, creating a unique and immersive […]
BCR Reports Nearly 100% Digital Transactions for Loans and Deposits in H1 2024
Banca Comercială Română (BCR) has achieved a significant milestone in its digital transformation journey, with nearly 100% of its loans and deposits being processed through digital channels in the first half of 2024. This unprecedented level of digital engagement marks a major shift in Romania’s banking landscape, positioning BCR at the forefront of the industry’s […]
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 […]